Nghe An province attracts 5 FDI projects worth $311 mln

Nghe An province in central Vietnam granted investment certificates Saturday to six projects with a registered capital of $390 million, including five foreign-invested projects worth $311 million.

Provincial authorities granted the certificates at a conference held to announce Nghe An’s 2021-2030 development plan with vision until 2050. Among other things, it updates plans for the Dong Nam Nghe An Economic Zone.

Taiwanese backlight modules maker Radiant Opto-Electronics Corporation will invest $120 million in a 6.1-hectare factory at the VSIP Nghe An Industrial Park.

At the same industrial park, Hong Kong-invested Everwin Precision Technology Vietnam Co., Ltd. will pour $115 million in a 16.5 hectare factory.

Luxcase Precision Technology (Vietnam) Co., Ltd, under Singapore’s Casetek Singapore Pte. Ltd., will invest $24 million in a 10.9-hectare factory at the same industrial park to manufacture metal components.

China’s Fujian Xinfeng Technology Co.,Ltd, a manufacturer of precision-formed CNC machining components, will invest $32 million in a 4.37-hectare factory at the WHA Industrial Park.

Also at the WHA Industrial Park, another Chinese firm, Jiangxi Gaojia Optoelectronic Technology Co., Ltd., a high-tech manufacturer of lenses, will invest $20 million in a 4.4-hectare factory.

The domestic project that has received an investment certificate is that of Hoang Thinh Dat Corp investing VND1.9 trillion ($77.54 million) in the 334.79 hectare Hoang Mai II Industrial Park at the Dong Nam Nghe An Economic Zone.

In 2023, Nghe An attracted total FDI of $1.6 billion for 18 new projects and additional capital for 12 existing ones. The investment was triple the target of $500 million.