Investment attraction and export revenue are two bright spots in north-central Nghe An province’s economic development in 2023, the November meeting of the Nghe An Provincial People’s Committee heard.

It has attracted over VND46 trillion (nearly $1.9 billion) worth of investment capital so far this year, or 1.38-fold higher than the target.

The number of newly-approved projects rose 13 per cent year-on-year, with registered capital exceeding the target by 1.4-fold. For the first time, FDI inflows surpassed the $1 billion mark, and are expected to reach nearly $1.5 billion by the end of the year.

Its export value, meanwhile, is estimated at $2.88 billion, or 100.4 per cent of the annual target and up 13.51 per cent year-on-year.

Economic growth was estimated at 7-7.3 per cent in 2023, and while Nghe An has failed to reach the target its outcomes are considered positive amid a generally difficult context.