By the end of November 2024, Nghe An attracted more than 1.56 billion USD of FDI capital, ranking 9^th out of 63 provinces and cities.

FDI enterprises produce electronic components at factories in VSIP Nghe An Industrial Park

Data recently released by the Foreign Investment Agency, Ministry of Planning and Investment shows that from the beginning of this year to the end of November 2024, Nghe An attracted 15 new projects with registered capital of 691.5 million USD and adjusted capital for 12 projects with a total capital of 877.16 million USD; in addition, there was 1 capital contribution to buy shares with a value of 0.04 million USD.

Thus, the total FDI capital in Nghe An reached 1.5687 billion USD; up 120.5% over the same period; bringing Nghe An back to the top 10 provinces and centrally-run cities attracting the highest FDI capital since the beginning of the year, after being out of the top 10 for the first 10 months of the year.

Nghe An is also the only locality in the North Central and Central Coast regions to be listed in the top 10 FDI attractions in the first 11 months of this year.

Top 10 localities nationwide in attracting FDI capital in 11 months of 2024

With the above results, according to the Foreign Investment Agency, Nghe An currently has 165 valid FDI projects with a total capital of more than 5.5 billion USD, ranking 22nd out of 63 provinces and cities nationwide.

According to the People's Committee of Nghe An province, it is expected that in 2024, the province will attract 1.696 billion USD in FDI capital. Previously, in 2023, Nghe An attracted FDI capital exceeding 1 billion USD for the first time; reaching 1.603 billion USD, an increase of 66.8% compared to 2022, ranking 8^th among provinces and cities nationwide. In 2022, Nghe An attracted 961.3 million USD, for the first time entering the top 10 localities attracting the largest FDI investment in the country.

 Source: Nghe An Newspaper (December 04, 2024)