Nghe An Province now places high hopes on the contribution of domestic direct investment (DDI) enterprises as the backbone of the regional economy. These companies have proven to be a vital endogenous factor in accelerating the transformation of the local economic structure, spanning manufacturing, high-tech agriculture, to infrastructure development and services.
The processing industry sector is a testament to the effectiveness of domestic investment. Song Lam Cement Joint Stock Company, for instance, has successfully leveraged local limestone resources to penetrate international markets, including the United States and Australia. This strategic move not only boosts regional revenue but also employs thousands of local workers with better welfare guarantees.
In the agricultural sector, TH Group has demonstrated that the application of high technology can transform less productive land into modern, industrial-scale agricultural zones. Through multi-billion-dollar investments, the company has integrated local farmers into global value chains, ultimately having a direct impact on poverty reduction and economic equality in Western Nghe An.
Despite significant progress, business actors still face logistical challenges, access to capital, and land regulations, particularly in the vast mountainous regions. Various companies, including tourism sector developers such as Hon Mat Tourism and Service, hope for stronger synergy with local government regarding communication policies and administrative ease so that ecotourism potential can be fully realized.
The Nghe An Provincial Government has responded to these challenges by committing to improving the investment environment through transport infrastructure development and bureaucratic simplification. The synergy between accommodative government policies and the resilience of DDI companies is projected to make Nghe An a more dynamic economic hub in northern Vietnam.
Statistical data for 2023–2025 underscores the sector's urgency, with DDI companies dominating the list of top taxpayers in the province, contributing 27.5% to total domestic revenue. This success serves as a solid foundation for Nghe An to continue driving economic growth amid an increasingly challenging global market environment.
