Tag: nghe an

Hong Kong (China) is currently the largest investor in the central province.

Total export revenue reaching $2.33 billion, up 32.69% year-on-year.

The central province's seaports expected to handle 22-26 million tons of cargo per year by 2030.

The project slated for commercial operation before 2030.

FDI capital contributing $111.9 million.

The figure up 47.5% year-on-year.

Total domestic and foreign investment estimated at $936mln in first half.

Boasting the largest land area in the country and known in the north-central region for its beautiful beaches, analysts on urban and real estate believe that Nghe An province still holds a great deal of potential. With nearly VND100 trillion ($4.25 billion) invested in infrastructure, deep-water ports, and airports this year, Nghe An’s real estate market will see more large-scale projects.

The Ministry of Transport has set aside more than VND12.6 trillion ($537.63 million) to implement traffic infrastructure projects in northern Nghe An province within the medium-term public investment plan to 2025. The province has also proposed investing in many key projects in the public-private partnership (PPP) form, such as upgrading Vinh International Airport and building the Cua Lo Deep-water Port.

On July 24, at a meeting with leaders from north-central Nghe An province, Prime Minister Pham Minh Chinh emphasized that the province has a lot of potential and advantages from its seas, forests, and borders, adequate transportation network, and international connections. Opportunities and resources for future breakthroughs are therefore significant.

Two social housing projects are set to be implemented in northern Nghe An province with total investment of VND6.88 trillion ($295.89 million). They have nearly 6,500 apartments, providing accommodation for some 20,000 workers at the Nam Cam Industrial Park. Nghe An has identified these as key projects in synchronizing services and social infrastructure at the industrial park.

North-central Nghe An province aims to develop its Southeast Economic Zone to attract 120 projects with total required capital of VND75-90 trillion ($3.3-3.95 billion), of which foreign investment is expected to reach $2.26 billion.

Between 2021 and 2025, north-central Nghe An province targets attracting 100-120 projects with total registered capital of VND75-90 trillion ($3.3-3.95 billion), of which foreign capital is to be about $2.26 billion, and build 10-12 industrial parks on a total area of 4,500 ha.

The Department of Planning and Investment in north-central Nghe An province is inviting investors to implement the Bac Nghi Kim urban area and Nghi Kim residential area projects in the provincial capital Vinh. The goal is to build a new urban area on a total area of nearly 18 ha in the city with a total construction cost of about VND1.2 trillion ($52.27 million). Investment categories include a social housing area, a supermarket, a service area, public works, garden villas, and adjacent houses.