North Central region eyes breakthroughs in investment attraction in 2024

Localities in the northcentral region have made concerted efforts and implemented various measures to attract investment, especially foreign direct investment (FDI), contributing to socioeconomic development in 2024.

Illustrative image (Photo: VNA)

Nghe An is the leading locality in the region in attracting investment capital in 2023.

The local authorities granted investment licenses to 116 projects and approved capital addition for 185 existing projects with a combined capital of over VND57.89 trillion (nearly US$2.36 billion). The total newly granted and additional capital of FDI projects hit US$1.6 billion, up 66.8 percent compared to 2022.

According to the Southeast Economic Zone Management Board in Nghe An, the locality recorded six new investment projects with a total registered capital of US$390 million in early 2024, all of them high-tech and environmentally friendly.

Le Tien Tri, director of the management board, said thanks to efforts of the local authorities to accelerate administrative reform and develop infrastructure and human resources, new investment have been pumped into the locality in recent times.

The locality supported and connected to provide 8,000 workers for FDI enterprises in 2023. The figure is expected to increase to 15,000 - 20,000 this year.

According to data released by the Foreign Investment Agency under the Ministry of Planning and Investment, Thanh Hoa was one of the localities that attracted the most FDI in 2023.

The locality lured 83 direct investment projects with a total registered capital of nearly US$1.4 billion, including 14 foreign-invested ones.

Notably, the provincial authorities granted investment certificates to 15 domestic projects worth more than VND10 trillion, and six FDI ones with a total capital of US$50 million in the Nghi Son Economic Zone and industrial parks.

In 2023, Ha Tinh gave in-principle approval to 18 domestic investment projects with a total registered capital of VND1.72 trillion and two foreign-invested projects worth US$70 million.

Estimates show approximately VND18.96 trillion in FDI was poured into the locality, surging by 99.17 percent year-on-year.

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