Despite ongoing economic challenges, Nghe An province, central Vietnam, posted broad-based growth across multiple sectors in the first four months of the year, with exports emerging as a key driver.
Export turnover surged 57.4% year-on-year to nearly $1.9 billion, underscoring strong recovery and market expansion by local businesses.
Industry remained the main growth engine, with the Index of Industrial Production (IIP) in April estimated to rise 23.25% from a year earlier, bringing four-month growth to 19.66%. The sector continued to serve as a “pillar,” generating spillover effects for services and trade.
The services sector also improved, welcoming 3.78 million tourist arrivals, up 11%, with revenue reaching VND4.23 trillion ($160 million). Total retail sales of goods and consumer service revenue exceeded VND62.17 trillion ($2.36 billion), increasing 13.14%.
Investment attraction saw a sharp rise, with authorities approving 18 new projects and adjusting 58 others, bringing total registered capital to more than VND65.2 trillion ($2.47 billion)—8.7 times higher than the same period last year. Foreign direct investment (FDI) topped $788 million.
Business activity remained vibrant, with 1,883 newly established enterprises, up 58.6%, and 589 firms resuming operations, an increase of 42.2%.
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