Nghe An Province, central Vietnam,  recorded a sharp rise in investment inflows during the first five months of 2026, with newly registered and additional capital reaching nearly VND67.7 trillion (approximately $2.65 billion), more than eight times higher than the same period last year.

According to provincial authorities, Nghe An licensed 21 new projects and approved adjustments for 72 existing projects during the January–May period.

Director of the provincial Department of Finance Trinh Thanh Hai said the province’s socio-economic performance continued to show strong positive momentum, driven largely by industrial growth.

Nghe An’s industrial production index (IIP) in May was estimated to increase 18.13% year-on-year, while the five-month figure rose 18.07%.

Trade and services also maintained solid growth. Total retail sales and consumer service revenue reached nearly VND79 trillion ($3 billion) in the first five months, up 13.62% compared to the same period last year.

Export turnover exceeded $2.5 billion, with electronic equipment and components surging more than 173%, accounting for 53.4% of the province’s total exports.

Its tourism remained another bright spot, with around 5.23 million visitors recorded in the period, up 9% year-on-year.

The province also saw strong business development, with 2,309 newly established enterprises, up 46.88%, while 649 companies resumed operations, an increase of more than 36%.