Vietnam's lagging North-Central region sees investment boom

Increased economic development may help boost high-speed rail project

20240117N Vietnam highway

A highway running through Thanh Hoa and Nghe An provinces opened in October 2023. (Vietnam News Agency)

YUJI NITTA, Nikkei staff writer

HANOI -- Momentum for investment is finally building for Vietnam's North-Central region, with key factors from global business support to domestic political backing falling into place in an area that has lagged in development until now.

Quang Tri is an attractive province because "it's easy to secure talent, and transport convenience will improve with the construction of a new airport," says Shigeo Fukuda, head of Sumitomo Corp.'s department for developing industrial parks overseas.

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