Nghe An province attracts 5 FDI projects worth $311 mln

  16/01/2024

Nghe An province in central Vietnam granted investment certificates Saturday to six projects with a registered capital of $390 million, including five foreign-invested projects worth $311 million.

Provincial authorities granted the certificates at a conference held to announce Nghe An’s 2021-2030 development plan with vision until 2050. Among other things, it updates plans for the Dong Nam Nghe An Economic Zone.

Nghe An Party Committee Secretary Thai Thanh Quy (right) and the province’s Chairman Nguyen Duc Trung (left) pose with recipients of six investment certificates at a conference held in the central province, January 13, 2024. Photo courtesy of Nghe An newspaper.

Taiwanese backlight modules maker Radiant Opto-Electronics Corporation will invest $120 million in a 6.1-hectare factory at the VSIP Nghe An Industrial Park.

At the same industrial park, Hong Kong-invested Everwin Precision TechnologyVietnam Co., Ltd. will pour $115 million in a 16.5 hectare factory.

Luxcase Precision Technology (Vietnam) Co., Ltd, under Singapore’s Casetek Singapore Pte. Ltd., will invest $24 million in a 10.9-hectare factory at the same industrial park to manufacture metal components.

China’s Fujian Xinfeng Technology Co.,Ltd, a manufacturer of precision-formed CNC machining components, will invest $32 million in a 4.37-hectare factory at the WHA Industrial Park.

Also at the WHA Industrial Park, another Chinese firm, Jiangxi Gaojia Optoelectronic Technology Co., Ltd., a high-tech manufacturer of lenses, will invest $20 million in a 4.4-hectare factory.

The domestic project that has received an investment certificate is that of Hoang Thinh Dat Corp investing VND1.9 trillion ($77.54 million) in the 334.79 hectare Hoang Mai II Industrial Park at the Dong Nam Nghe An Economic Zone.

In 2023, Nghe An attracted total FDI of $1.6 billion for 18 new projects and additional capital for 12 existing ones. The investment was triple the target of $500 million.

Source: theinvestor.vn

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