FDI - Leverage to help Nghe An industry break through

Accelerating FDI attraction

By the end of July 2025, Nghe An had attracted more than VND 16,400 billion in investment capital, of which nearly USD 300 million came from the FDI sector. There were 8 newly licensed projects with a total registered capital of USD 76.2 million and 7 capital increases with a total value of USD 215.9 million. To date, Nghe An has 169 valid FDI projects with a total registered capital of more than USD 5.6 billion. This is evidence that foreign capital is increasingly trusting and choosing Nghe An as a strategic destination for expanding production in Vietnam.

Contributing to the prosperity of Nghe An industry are a series of large-scale projects from the world's leading corporations such as: Luxshare ICT, Foxconn, Goertek, Everwin, Ju Teng, Sunny Optical, Runergy, ...

Notably, the Runergy project - a large-capacity monocrystalline silicon bar manufacturing plant with a total investment of about 440 million USD - is considered a "steel punch" for the breakthrough development of the energy and high-tech industry in Nghe An.

Another key project that is completing investment procedures is the Quynh Lap LNG power plant (1,500 MW), with a scale of up to 2.11 billion USD, which is in the implementation stages. When completed, this will be one of the largest energy projects in the Central region, creating a strong boost to industrial infrastructure and energy supply capacity for the entire region.

In the Southeast Economic Zone, 2024 and 2025 will witness an investment boom with 20 new projects being granted certificates and 20 projects increasing capital, reaching a total value of VND 41,766 billion - exceeding the set target by 208% and accounting for more than 68% of the total registered capital of the province. This result reflects the strong attraction of Nghe An in the context of increasingly fierce competition to attract FDI.

Mr. Pham Tien Dung, representative of Everwin Vietnam Industrial Company, said: “The company has completed the investment in component projects 1 and 2, creating stable jobs for more than 2,000 local workers. In the context of the political economy, tariffs with many difficulties, fluctuations and risks, Everwin Vietnam remains steadfast in its goal of long-term investment and sustainable development in Nghe An province. During its operations in Nghe An, Everwin Vietnam has received close support and timely support from the provincial government, especially the Southeast Economic Zone Management Board. The transparent investment environment, quick administrative procedures and increasingly complete infrastructure have created confidence for us to confidently expand our production scale. In addition, we hope that the province will continue to pay attention to training high-tech human resources and developing social infrastructure such as housing and services for workers, in order to contribute to the long-term stability of the workforce and improve cooperation efficiency.”

The representative of the investor of the WHA Industrial Zone - 1 Nghe An Industrial Park Project also said: We appreciate the timely support and companionship of the Nghe An provincial government, especially the Southeast Economic Zone Management Board in handling procedures and creating a transparent and effective investment environment.

Expanding scale and upgrading industrial park infrastructure

To date, Nghe An has established 8 industrial parks with a total area of 2,570 to 2,600 hectares, with an average occupancy rate of 53–56%. Notably, the land fund available for FDI projects is about 859 hectares, concentrated in strategic locations such as VSIP 1, VSIP 2, WHAIZ 1–2, Hoang Mai I–II, Tho Loc, Dien Quynh, Nghia Dan.

In 2025, the province is also implementing a plan to develop 4 new industrial parks, expanding an additional 760 hectares to welcome the wave of high-tech investment and supporting industries. The province is directing the synchronous upgrading of traffic infrastructure, electricity supply, water supply, wastewater treatment, etc., in the direction of green - smart - sustainable.

The strong development of FDI projects has led to an increase in labor demand. By 2024-2025, the number of employees working at FDI enterprises in Nghe An will reach more than 45,000 people, an increase of nearly 78% compared to 2019. Notably, most of this workforce are female workers from rural areas, contributing to changing the income structure and social security in localities. By the end of 2025, industrial parks in the area will need to recruit more than 70,000 new workers. Particularly, enterprises such as Luxshare ICT, Merry & Luxshare, Ju Teng, Everwin... each unit needs thousands of employees. In response to the great demand, many support policies have been jointly implemented by enterprises and the government such as: Housing allowances, lunch, diligence bonuses, transportation support...

FDI capital has helped Nghe An industry record positive indicators. The industrial production index (IIP) in the first and second quarters of 2025 increased by 10.38% over the same period last year, of which the processing and manufacturing industry increased by 11.3%. This is a clear result from the contribution of large corporations such as: Foxconn, Luxshare ICT, Goertek, Runergy...

FDI capital also contributes to boosting export turnover, mainly from electronic components, optical equipment, semiconductors, high-performance batteries, technical metal products and garments. Not stopping there, modern FDI projects have created conditions for workers to access advanced production lines, international management methods, improve skills and labor discipline. Domestic enterprises have also learned, gradually approaching the global supply chain.

To increase competitiveness and attract investment, Nghe An is persistently pursuing the “5 ready” strategy. These include ready infrastructure, clean land, human resources, preferential policies, and a friendly administrative environment. The province also focuses on digital transformation, administrative procedure reform, transparency of investment processes, and maximum convenience for investors.

Towards high quality capital flows

Shifting investment promotion in depth, Nghe An has changed from a mass approach to prioritizing infrastructure enterprises, high technology, green industry, industries with high added value, low emissions. Nghe An is also gradually building a selective FDI attraction strategy, focusing on high-tech, spearhead, environmentally friendly industries. Specifically, priority areas include: Electronics, microchips, semiconductors, Renewable energy: Solar power, LNG, green hydrogen, high-tech supporting industries; New materials, recycled products; Smart manufacturing: AIoT, Robotics, Industry 4.0.

Mr. Le Tien Tri - Head of the Management Board of the Southeast Nghe An Economic Zone said: The province will develop a list of priority industries, widely publicize them with separate incentive packages on taxes, infrastructure, labor, etc. At the same time, Nghe An will promote training of high-tech human resources through cooperation with businesses, research institutes, and universities, helping the local workforce to be ready to meet modern production requirements.

FDI is the pillar, the impetus to bring Nghe An industry to a new level in the period of profound economic transformation. With the emergence of global corporations, FDI capital flows not only bring growth momentum but also change the structure and sectors of local industry. However, in order for FDI to continue to play a lever role, reduce processing content, contribute more to growth, and increase the localization rate, Nghe An needs to proactively choose quality capital flows, orient development in depth, build a "green - smart" strategy and strengthen human resources, infrastructure, and logistics services.