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Viet Nam
Industrial Park Status
Text by Saito Hiroshi
The 40th: Nghe An Province – A City Eager to Attract FDI (Foreign Direct Investment)
When manufacturing companies enter Vietnam, choosing the right industrial park in a specific region is a crucial point. There are provinces and cities that are actively working to attract Foreign Direct Investment (FDI), and I would like to introduce a few examples of these regions.
This time, we would like to introduce Nghe An Province, which is attracting attention due to the development of the Vietnam Singapore Industrial Park (VSIP).
1. Location, Area, and Population
Nestled in North Central Vietnam, Nghe An Province spans an impressive 16,486 square kilometers and is home to around 3.42 million residents.
2. Industrial parks in Nghe An Province
Nghe An is currently host to 13 industrial zones, including:
Hoang Mai Industrial Zone
Hoang Mai 2 Industrial Zone
Nam Cam Industrial Zone
Bac Vinh Industrial Zone
Nghia Dan Industrial Zone
Tho Loc Industrial Zone
WHA Nghe An Industrial Zone
VSIP Nghe An Industrial Zone
Dong Hoi Industrial Zone
Chi Le Industrial Zone
Song Dinh Industrial Zone
Tho Loc – VSIP Nghe An 2 Industrial Zone
Tap Hong Ky Industrial Zone.
3. Unique Features of Nghe An Province
Nghe An boasts a diverse landscape that stretches from the beautiful coastal plains bordering the Gulf of Bac Bo to the rugged terrain along the Lao border.
It is famously known as the birthplace of President Ho Chi Minh and is conveniently located just an hour’s flight from Hanoi, making it an increasingly attractive destination for new investments.
4. Japanese Companies Operating in the Area
Prominent Japanese companies making their mark in Nghe An include Matsuoka Corporation (located in VSIP Nghe An Industrial Zone) and Aska Foods (based in WHA Nghe An Industrial Zone).
5. Living Environment
Today, over 300 expatriates from North America, Europe, South Korea, Thailand, China, Taiwan, and Japan call Nghe An home. Many reside in Vinh City and the Quynh Luu district, just a short 20-minute drive from the WHA Nghe An Industrial Zone. For instance, the average rent for a furnished two-bedroom apartment in downtown Vinh City ranges from $250 to $300 per month, offering exceptional affordability. With its favorable living conditions and low cost of living, Nghe An is an appealing choice for many. The province also features a variety of recreational options, including golf, fishing, tourism, swimming, and soccer.
6. Summary
In recent years, Nghe An Province has emerged as a key player in the industrial landscape of Vietnam, thanks to large-scale developments by foreign investors such as VSIP (Singapore) and WHA (Thailand). With its strategic location, robust industrial zones, and attractive living conditions, Nghe An is poised to be a significant hub for future investments.
齊藤公(Saito Hiroshi)
Business Advisor
G.A. Consultants Vietnam Co., Ltd
After graduating from university, he joined a PHP research institute and served as the head of the New York office. He then worked on the “Nagoya Port Redevelopment Project” at a subsidiary of the Chubu Nippon Broadcasting (CBC) company. He later shifted his base to Asia, where he was involved in the launch of “FM96.3” in Singapore, and the creation of “Hello Vietnam” and “Invest Asia” magazines in Vietnam. He then joined BW Industrial Development JSC, Vietnam’s largest rental factory development company, where he was responsible for attracting Japanese manufacturing companies. Currently, he is active as a consultant for the entry of Japanese companies at “G.A. Consultants”, one of the longest-standing Japanese HR consulting firms in Vietnam.
