On November 28, information from the People's Committee of Nghe An province said that it is expected that in 2024, Nghe An will attract 1.696 billion USD in foreign direct investment (FDI), marking the second consecutive year exceeding the 1.6 billion USD mark.
As of November 20, Nghe An province has granted new (approved investment policies/issued investment registration certificates) to 76 projects with a total registered investment capital of VND 21,909 billion. 153 projects have been adjusted, of which 38 projects have been adjusted with a total increased investment capital of VND 17,230 billion.
The total newly granted and adjusted capital is 39,138 billion VND; of which, it is expected to attract more than 1.6 billion USD of FDI in 2024.
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 8th among provinces and cities nationwide.
In 2022, Nghe An attracted 961.3 million USD, for the first time in the top 10 localities attracting the largest FDI investment in the country.
The growth rate of gross regional domestic product (GRDP) of Nghe An province in 2024 is estimated at 8.5-9.0%, higher than the average of the 2021-2023 period (7.45%).
Of which, the agriculture, forestry and fishery sector is estimated to increase by 4.25%; the industry - construction sector is estimated to increase by 14.5% (industry alone increased by 16.5%); the service sector is estimated to increase by 7.3%.
State budget revenue has achieved very positive results. In 2024, it is estimated to achieve 23,751 billion VND, reaching 149.3% of the estimate assigned by the Provincial People's Council, equal to 110.4% compared to the implementation in 2023, and is the third consecutive year exceeding 20,000 billion VND.
It is expected that by the end of 2024, the whole province will have 327/411 communes meeting new rural standards; 127 communes meeting advanced new rural standards; 25 model new rural communes; 11 district-level units completing tasks/meeting new rural standards.
Industrial production has recovered strongly, being the main growth driver. The index of industrial production (IIP) is estimated to increase by 11.5% compared to 2023. Export turnover of goods is estimated at 3.7 billion USD, up 31.2%, exceeding the plan by 16.6%. Import turnover is estimated at 2,226 million USD, up 56.22%, exceeding the plan by 48.4%.
Total tourist arrivals are estimated at 9,200 thousand, of which 5,800 thousand are staying tourists, tourism service revenue is estimated at 11,000 billion VND.
In the first 11 months of 2024, the province disbursed VND 6,879,535 billion in public investment capital, reaching 69.31%, higher than the national average (estimated at 57%). By the end of 2024, the disbursement rate of public investment capital will reach over 95% according to the direction of the Prime Minister.
