On the afternoon of December 4, the Provincial People's Committee (PPC) held a working session with Qtech Technology Co., Ltd. (China) to survey locations and research the investment environment in industrial zones in the province. Mr. Bui Thanh An - Member of the Standing Committee of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee chaired the working session. Attending the meeting were leaders of departments, committees and branches; representatives of industrial zones in the province.

On the investor side, there is Mr.  Andrew Wang - CEO Qtech Technology Co., Ltd.

Working session scene

At the working session, investors were provided with general information about the potential, opportunities and policies to attract investment into Nghe An province.

Vice Chairman of PPC Bui Thanh An introduces Nghe An potential

Sharing about the province's advantages, Vice Chairman Bui Thanh An said that Nghe An has many advantages in attracting investment, for example: Nghe An has received attention from the Central Government and issued many separate Resolutions on socio-economic development in the province; favorable geographical position; Abundant human resources; Transport and service infrastructure are being invested synchronously; Provincial authorities at all levels always accompany and support investors investing in the province.

Currently, the province's industrial zones are attractive destinations for FDI investors. Currently, there are 132 projects of investors from 14 countries and territories (mainly Northeast Asia and ASEAN) with a total registered capital of over 4 billion USD invested in Nghe An; In which, investors from Taiwan, Hong Kong and China ranked first in terms of number of projects and investment capital, with 53 projects with a total registered investment capital of more than 2.7 billion USD (nearly 40% of the number of projects and 67.5% of the total registered investment capital).

Especially in 2023, Nghe An province attracts FDI capital of over 1.4 billion USD, exceeding the 1 billion USD mark/year; With that result, this is the second consecutive year that Nghe An is in the group of 10 provinces and cities attracting FDI capital in the country, leading in attracting FDI investment capital in the Central - Central Highlands region. These numbers clearly demonstrate the confidence of foreign investors in the efforts and determination of the province and its authorities at all levels in attracting foreign investment capital.

Currently, there are three infrastructure investors in the province. With the full preparation of planning conditions, investment premises, essential infrastructure, human resources, administrative reform, the support and companionship of the province along with the presence of 08 world leading corporations in the manufacture of electronic components, technology, and green energy, such as: Luxshare - ICT Group, Goertek, Everwin, JuTeng, Foxconn, Sunny, Runergy, Shandong, Nghe An is currently the leading electronics and technology manufacturing center in the North Central region. Nghe An Province pledges to stand side by side, accompany, and create the most favorable conditions in terms of policies, investment and business environment for enterprises investing in the province.

Investors discuss policies in attracting investment

At the Working session, the investor introduced the scale of Qtech Technology Co., Ltd; The Company's products are mainly electronic optical products. For projects that investors are looking to invest in in the province with an area of 10 -15 hectares of land, with a total investment capital of 430 million USD; Output about 8 million electronic equipment products/month.  The Investors hope that the province will support investors with tax policies, administrative procedures, labor training, etc., Provincial leaders discussed mechanisms and preferential investment policies in the province.

Concluding at the working session, Vice Chairman of the PPC Bui Thanh An emphasized that the field that investors are investigating for investment is consistent with the province's investment attraction orientation. Nghe An is always ready to welcome enterprises to invest in the province and pledges to accompany, stand side by side and create the most favorable conditions in terms of policies, investment and business environment. He assigned the Southeast Economic Zone Management Board to preside over and coordinate with relevant agencies to accompany and support investors in the survey process and carry out project investment procedures as soon as possible.

PT