On the morning of March 6, 2026, a delegation from the Pavo Capital Group Fund, Switzerland, led by Mr. Tran Bao Toan – Chairman of the Fund, held a working session with the Provincial People’s Committee. Receiving and working with the delegation were Mr. Phung Thanh Vinh – Member of the Provincial Party Committee and Vice Chairman of the Provincial People’s Committee, along with leaders of relevant departments and agencies.

Scene of the working session

Vice Chairman of Nghe An Provincial People's Committee Phung Thanh Vinh speaks at the working session.

During the meeting, Mr. Phung Thanh Vinh – Vice Chairman of the Provincial People’s Committee, expressed his honor in welcoming the delegation from the Pavo Capital Group Fund to visit and work in the province.

Mr. Phung Thanh Vinh – Vice Chairman of the Provincial People’s Committee, provided information on the province’s natural conditions and its socio-economic situation in 2025. Nghe An is located in a strategic position in the North Central region of Vietnam, with a natural area of nearly 16,500 km², and is the hometown of President Ho Chi Minh. The transport system is well-developed, encompassing road, air, sea, inland waterway, and railway networks, along with border gates. The province has a large population and an abundant labor force.

The province’s GRDP growth in 2025 was 8.44%, ranking 3rd in the North Central region and 13th nationwide. Notably, attracting FDI has been a highlight: for three consecutive years, Nghe An has been among the top 10 out of 63 provinces and cities in the country in terms of FDI attraction. In 2025, FDI inflows exceeded 1 billion USD with 25 newly licensed projects, further confirming the appeal of the province’s investment environment. To date, Nghe An has attracted 173 registered FDI projects, with a total registered capital of nearly 7.1 billion USD. Export turnover in 2025 reached 4.5 billion USD, up 42.6% compared to the previous year, with Nghe An’s goods present in 170 countries and territories.

Currently, the provincial leadership is directing and urging the implementation of key infrastructure projects in the area to ensure they can commence around April 30, such as the Vinh – Thanh Thuy Expressway construction project and the Quynh Lap LNG thermal power plant project.

At the meeting, the Vice Chairman of the Provincial People’s Committee, Mr. Phung Thanh Vinh, also introduced the province’s investment attraction orientation. Nghe An province aims to attract projects that utilize modern and environmentally friendly technologies, particularly in the fields of high technology; supporting industries; biotechnology for agriculture; infrastructure development; high-quality human resource training; and research and development.

Mr. Tran Bao Toan - Chairman of Pavo Capital Group, speaks at the meeting.

At the meeting, Mr. Tran Bao Toan – Chairman of the Pavo Capital Group Fund, highly appreciated the recent development of Nghe An province. Mr. Tran Bao Toan introduced the development process of the Pavo Capital Group Fund, the sectors the fund invests in, and the terms for mobilizing investment capital. The Chairman of the Pavo Capital Group Fund stated that the fund will study the province’s mechanisms and policies to invest in projects in the area.

Regarding sectors of interest for the Pavo Capital Group Fund, such as urban flood management infrastructure, energy infrastructure, high-tech agriculture, wood and agricultural product processing, green finance, green energy, and climate change response, he requested that Nghe An province provide a list of proposed projects.

Mr. Phung Thanh Vinh – Vice Chairman of the Provincial People’s Committee, expressed the hope that the Chairman of the Pavo Capital Group Fund would continue to study investment opportunities in the province. He also noted that, given the scale of the Pavo Capital Group Fund, it could help introduce Nghe An’s potential and strengths to global investors, particularly in forestry and education. Nghe An province will also introduce the Pavo Capital Group Fund to major investors in the province.

PT