In the first half of the year, Nghe An's FDI attraction reached over 2.41 billion USD, ranking fifth nationwide, underscoring the appeal of the local investment environment.
Entering 2026, the scale of FDI projects invested in Nghe An has expanded dramatically, with the emergence of billion-dollar projects, creating a strong ripple effect and sharply delineating growth poles.
A prime example is the Quynh Lap LNG Thermal Power Plant Project, with a total investment of nearly 2.2 billion USD, jointly invested by Viet Nam Petroleum Power Corporation (PV Power), SK Group (the Republic of Korea (RoK)), and Nghe An Sugar Company (NASU).
This project received investment approval from the Nghe An Provincial People's Committee on February 12, 2026; construction commenced on May 18.
Along with the growth of the industrial and construction sectors exceeding 14%, the surge of FDI capital affirms that Nghe An's goal of attaining a Gross Regional Domestic Product (GRDP) growth rate of 10.5% to 11.5% this year is entirely feasible.
The People's Committee of Nghe An province has identified industrial production and expediting the disbursement of public investment capital as the top priority drivers for the province's growth in the coming months.
To achieve the annual GRDP growth target of 10.5% to 11.5% and budget revenue of 35,000 billion VND, the Nghe An Provincial People's Committee has delineated 10 key tasks, including: reviewing growth scenarios for each sector, and supporting large factories to maximise their capacity.
Focusing on expediting the progress of key projects, such as: Quynh Lap LNG power plant, Vinh-Thanh Thuy expressway, Cua Lo deep-water port, Southeast Economic Zone, and VSIP, WHA, and Hoang Thinh Dat industrial parks.
Strengthening the activities of five working groups headed by Vice Chairmen of the Provincial People's Committee to expedite the disbursement of public investment capital, treating this as "seed capital" to activate and guide investment flows. Review, adjust, and reallocate capital plans, endeavouring to disburse 100% of the public investment capital plan for 2026.
Bind the responsibility of the head of each agency with the "three no" sanctions (failure to complete, failure to retain the position, and failure to continue assigning equivalent tasks). Institute a mechanism for "resolving issues on the same day, completing them within a week" for procedures related to investment, land, and site clearance.
Concurrently, organise the timely, synchronised, and effective implementation of Decision No. 490/QD-TTg dated March 27, 2026, of the Prime Minister on approving the expansion of the Southeast Nghe An Economic Zone.
In 2025, with the licensing of 25 new FDI projects and capital adjustments for 20 projects, the total newly licensed and increased capital will exceed 1 billion USD, cementing the province's position among the leading localities nationwide in securing FDI.
