Nghe An steps up efforts to remove bottlenecks and attract FDI

The year 2026 is forecast to remain favourable for foreign direct investment (FDI) attraction in Nghe An Province. Several major corporations have increased their investment capital, while industrial parks such as VSIP, WHA phases 1 and 2, and Hoang Mai 1 are being rapidly filled. Meanwhile, VSIP 2, VSIP 3, WHA 2, and Hoang Mai 2 are accelerating site clearance and infrastructure development.

A delegation from the Nghe An Provincial People’s Committee inspects production and business activities at the VSIP Nghe An Industrial, Urban, and Service Park.
A delegation from the Nghe An Provincial People’s Committee inspects production and business activities at the VSIP Nghe An Industrial, Urban, and Service Park.

Shortening administrative procedures

Despite uncertainties related to tariffs, geopolitical tensions, and conflicts in many parts of the world, Nghe An Province continues to maintain its position among the country’s leading localities in attracting FDI.

In 2025, the Nghe An Provincial People’s Committee granted licences for 25 new FDI projects and approved capital adjustments for 20 others, with total newly registered and additional capital exceeding 1 billion USD. Many major projects in the Southeast Nghe An Economic Zone have come into operation, contributing to increased export turnover and state budget revenues, while also creating jobs and improving incomes for local workers.

Currently, 170 enterprises are operating in economic zones and industrial parks in Nghe An, employing more than 64,000 workers.

From 2026 onwards, Nghe An’s FDI attraction is expected to gain further momentum as a series of transport and logistics infrastructure projects are implemented, including the North–South high-speed railway, the Vinh–Thanh Thuy expressway, the upgrade of Vinh International Airport, and the construction of the Cua Lo deep-water port (expected to become operational in early 2027). In addition, the Quynh Lap LNG-to-power project linked to the Dong Hoi seaport is scheduled to commence in 2026, helping to ensure energy supply for industrial production. At present, the VSIP, WHA, and Hoang Mai industrial parks still have more than 1,000 hectares of land available, of which around 600 hectares are cleared sites ready to accommodate large-scale projects.

Nguyen Manh Loi,
Deputy Head of the Management Board of the Southeast Nghe An Economic Zone

Nguyen Manh Loi, Deputy Head of the Management Board of the Southeast Nghe An Economic Zone, said that from 2026 onwards, FDI attraction in the province holds considerable promise as major transport and logistics infrastructure projects are being implemented, including the North–South high-speed railway, the Vinh–Thanh Thuy expressway, the upgrade of Vinh International Airport, and the construction of the Cua Lo deep-water port.

He added that the Quynh Lap LNG power project associated with Dong Hoi seaport is also expected to be launched in 2026, helping ensure sufficient energy supply for industrial production. Currently, the VSIP, WHA, and Hoang Mai industrial parks still have more than 1,000 hectares of land reserves, including approximately 600 hectares of cleared land ready for large-scale investments.

Sharing the province’s investment attraction results, Bui Thanh An, Vice Chairman of the Provincial People’s Committee, said the business community — particularly industrial park infrastructure investors — has made important contributions to growth and value creation in the province.

He emphasised that 2026 marks the first year of implementing Party Congress resolutions at all levels and the socio-economic development plan for the 2026–2030 period. To achieve the target of GRDP growth of 10.5–11.5%, the province will continue to substantially improve the investment and business environment, work closely with investors to resolve difficulties, and accelerate key projects to create new growth drivers and development space.

The province has also tasked the Management Board of the Southeast Nghe An Economic Zone with implementing planning and selective investment attraction solutions, prioritising high-tech projects with high added value and environmental friendliness, while paying greater attention to developing social infrastructure for workers and addressing the demand for high-quality human resources.

In December 2025, the provincial People’s Committee issued a decision approving a plan to simplify administrative procedures under the authority of the Management Board of the Southeast Nghe An Economic Zone.

Under the plan, procedures in the construction sector will see their processing time shortened by around 40%.

Strengthening connections between businesses and workers

Meeting labour demand is one of the “five readiness factors” identified by the province to attract manufacturing enterprises. In 2026, to meet the demand for around 90,000 workers for businesses in economic zones and industrial parks, the Management Board of the Southeast Nghe An Economic Zone plans to organise three large-scale job fairs at the VSIP, WHA, Hoang Mai 1, and Hoang Mai 2 industrial parks.

At the first Job Fair of 2026, recently held at VSIP Nghe An Industrial Park (Hung Nguyen Commune), 20 enterprises participated with a combined recruitment demand of more than 70,000 workers, including both unskilled and trained labourers in sectors such as manufacturing, electronic component assembly, precision engineering, garment production, and supporting industries.

According to the Management Board of the Southeast Nghe An Economic Zone, the first job fair attracted more than 1,700 participants. Many enterprises noted that, in addition to competitive salaries, they focus on welfare policies such as attendance allowances, fuel allowances, and housing support; comprehensive insurance; performance and innovation bonuses; skill upgrading training; and clear career advancement pathways for employees.

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