Foreign direct investment (FDI) has emerged as a key driver of export growth in Vietnam's central province of Nghe An, with total export turnover reaching over $3.15 billion in the first half of 2026, up 58.4% year-on-year, according to the provincial Department of Industry and Trade.
The strong performance was fueled by the expansion of high-value manufacturing industries, including steel, electronic components, textiles and footwear.
The department said industrial growth during the first six months of the year—and throughout 2026—is being driven primarily by large-scale FDI projects that have entered stable production and are gradually increasing output.
Since the second quarter of 2026, several major foreign-invested projects have commenced operations, including Sihitek, Luxshare-ICT 2, JunHao Electronic Materials and Vietnam Vinh Nang Co., Ltd.'s color masterbatch manufacturing plant. These investments are expanding the province's manufacturing capacity and helping position Nghe An as an emerging regional hub for electronic component production.
The textile and footwear industries have also maintained steady growth, with manufacturers increasingly shifting toward higher value-added production. Notable projects include the Viet Fast-Yen Thanh footwear factory and the Andromeda project at Hoang Mai I Industrial Park.
Looking ahead, Nghe An expects additional large-scale FDI projects to begin operations in the second half of 2026, including facilities developed by Yanlin Technology Vietnam, Yuyuan Packaging Technology Vietnam and Share Nghe An Packaging Technology, further strengthening the province's industrial base and export capacity.
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