In the first quarter of 2026, the central province of Nghe An’s export turnover exceeded $1.26 billion—an increase of more than 51% compared to the same period last year.
Meanwhile, its economy maintained its growth momentum, with industrial production, trade, and services all showing positive shifts.
According to a report by the Provincial Department of Finance during a regular online meeting held by the Provincial People’s Committee on March 24, the industrial sector continues to serve as the primary engine of growth.
The province’s Index of Industrial Production (IIP) is estimated to have risen by 16.9% year-on-year, with the manufacturing and processing industry alone increasing by 17.5%.
Local trade and service activities remained stable. Total retail sales of goods reached approximately VND37.434 trillion ($1.42 billion), a 1.62% increase over the same period last year.
Another significant achievement in the first quarter was investment attraction. During the first three months, Nghe An granted licenses to 14 new projects and adjusted 37 existing ones, with total newly registered and additional capital reaching over VND64.79 trillion (nearly $2.5 billion).
In particular, the province has completed procedures and approved the investment policy for the Quynh Lap LNG Power Plant project, which is estimated to cost around $2.15 billion, with a planned capacity of 1,500MW and commercial operation expected before 2030. This is the largest Foreign Direct Investment (FDI) project to date in the province. It is expected to create a new growth driver for the industrial sector and attract further satellite projects to the region.
Google translate