April 11, 2025 | 16:00 GMT+7

Nghe An attracts $258 mln worth of investment in Q1

Nguyễn Thuấn -

FDI capital contributing $111.9 million.

The central province of Nghe An attracted investment capital worth over VND6.7 trillion ($258 million) in the first quarter of this year, according to local authorities.

Of the total, FDI capital contributed $111.9 million.

In the three-month period, the provincial authorities granted investment licenses for 10 new projects with total registered investment capital of more than VND2.22 trillion ($85.7 million). Meanwhile, 38 projects were approved to increase investment capital.

Nghe An recorded remarkable economic growth in the first quarter with a GRDP growth of 8.0%, the province's highest first-quarter growth over the past five years.

Total disbursement of public investment capital reached 14.85% of the plan assigned by the Prime Minister.

There were 573 newly-established enterprises in the province in the three-month period with total registered capital of over VND2.61 trillion (over $100 million).

The province set a growth target of 10.5% in 2025.

 

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