Hung Yen welcomes new FDI wave, towards green industry
With strategic steps, Hung Yen is gradually realizing its aspiration to become the industrial and energy center of the Red River Delta and a province with a modern industrial base by 2035.
Located in a strategic position at the Southeast gateway of Hanoi Capital with synchronous traffic infrastructure and open, transparent mechanisms facilitating economic development, Hung Yen has gradually affirmed its position as a “magnet” attracting large domestic and foreign investors, especially high-quality projects.
This is the premise for the province to continue developing with the goal of synchronously establishing the basic foundational elements of modern industry by 2030 and truly becoming a modern industrial province by 2035.
Prioritize quality, synchronous investment in infrastructure
With the view that transport infrastructure must come first, paving the way for economic development, in recent years, the transport and urban infrastructure system in Hung Yen has made important progress.
The network of national highways, expressways, beltways and bridges over the Red River and Tra Ly River has been formed, creating favorable conditions for connection with Hanoi, Hai Phong, Quang Ninh and other provinces in the region.
The inland waterway system has been initially exploited, taking advantage of the Red River, Luoc River, and Tra Ly River in transporting goods.
Currently, the province has 1 Economic Zone and 23 industrial parks established with a total area of over 5,890 hectares, reaching an occupancy rate of 64.9%, typically Pho Noi A Industrial Park, Yen My II, Thang Long II, Nguyen Duc Canh, Phuc Khanh, Lien Ha Thai… In addition, the province also owns 74 industrial clusters with a total area of over 3,931 hectares, of which 34 clusters have come into operation.
A typical example of prioritizing investment quality is Thang Long II Industrial Park (Nguyen Van Linh commune, Hung Yen province). Coming to invest in Hung Yen in 2006, after nearly 20 years of construction and development, Thang Long II Industrial Park with an area of 527 hectares is one of the model industrial parks with leading Japanese quality infrastructure in the locality.
Mr. Nguyen Minh Duc, Deputy General Director of Thang Long II Industrial Park Limited Company, said that in addition to a number of companies from Korea, Switzerland…, the Industrial Park currently has 82/90 investors from Japan with a total investment capital of 3.2 billion USD.
With the prestige and brand of Sumitomo Group (investor of Thang Long Industrial Park in Vietnam), the Industrial Park has recently strongly attracted secondary investors, in which priority is given to high-tech manufacturing enterprises.
Currently, in the Industrial Park, 22% of enterprises participate in the field of manufacturing electrical and electronic products; 22% of enterprises produce auto and motorbike components with a rate of 57% serving the export market, 43% serving the domestic market.
The Industrial Park has also created jobs for 27,000 workers, contributing positively to the local economic development.
The strength of this Industrial Park is not only in its prime location but also in its synchronous, methodical infrastructure investment and Japanese standards from the flood prevention system; specialized water supply and drainage, to transformer stations, power distribution and annual maintenance work.
In particular, the investor of the Industrial Park has paid attention to reducing carbon emissions. Typically, since 2021, the company has started a project to install a rooftop solar power system. Up to now, the power system has reached 80MWp and is expected to reach 100MWp by 2025, aiming at developing green and sustainable industry.
By the end of September 2025, the whole province has attracted 915 foreign direct investment (FDI) projects in operation, with a total registered capital of over 16.4 million USD; of which, since the beginning of the year, there have been 106 newly registered projects with a registered capital of over 1.39 million USD.
The countries with the largest number of projects and investment capital are Japan with 192 projects, registered capital of over 6.13 million USD (accounting for 37.21% of the total registered capital); China has 340 projects with registered capital of 4.3 million USD (accounting for 26.13% of total registered capital); South Korea has 206 projects with registered capital of 2.19 million USD (accounting for 13.29% of total registered capital).
These impressive figures are proof of the attractiveness of Hung Yen with the processing and manufacturing industry becoming the main driving force of growth.
According to the People’s Committee of Hung Yen province, in the period of 2021-2025, the average growth rate of industrial production value is estimated at 11.1%/year; processing and manufacturing industry alone will increase by an average of 10.8%/year, accounting for 37.8% of GRDP in 2025.
In the first 9 months of 2025 alone, the industrial production index increased by 11.51% over the same period; processing and manufacturing industry increased by 11.53%.
Selective investment attraction orientation
With the requirement of synchronous and modern development of transport infrastructure and urban infrastructure, creating a premise for strong economic development, according to the Director of the Department of Construction of Hung Yen province, Tran Quang Trien, the construction industry aims to complete the integrated transport – urban planning framework by 2030, in sync with the Provincial Planning, the Red River Delta Planning and the Capital Region Planning. Key expressway, belt and national highway projects such as Ring Road 4, Ring Road 5, Hung Yen – Thai Binh Expressway, Ninh Binh – Hai Phong Expressway… will be implemented synchronously.
The province will have at least one multimodal logistics center put into operation, and at the same time upgrade Pho Hien port and Diem Dien port to create competitiveness in attracting investment.
To achieve the goals, especially striving to become a province with modern industry by 2035, in the coming time, Hung Yen will comprehensively restructure and develop industry in a modern, high-tech direction, deeply participating in the global value chain; making Hung Yen an industrial and energy center of the Red River Delta.
The province focuses on attracting investment and developing strategic and fundamental industries, industries using modern, environmentally friendly technology, electronics industry, semiconductor industry, digital technology industry, automation, supporting industry, processing and manufacturing industry, shipbuilding industry, automobile industry, pharmaceutical industry, medical equipment industry, energy industry, and agricultural service industry.
The province also proactively builds a policy to attract selective investment, aiming to increase the value of industrial products, encourage investment in new industries, research projects, and new product development, gradually promoting the shift from processing to research, design, development, and production of products with high technology content and added value. Hung Yen strives to have the proportion of processing and manufacturing industry account for about 40.5% of GRDP by 2030.
In addition, Hung Yen focuses on building and developing industrial parks and industrial clusters with synchronous and modern technical infrastructure, especially large-scale industrial parks of international standards.
Prioritizing the development of high-tech industrial parks, specialized industrial parks, ecological industrial parks, industrial – urban – service parks and supporting industrial parks. Strengthening the linkage of industrial clusters and product groups to form industrial complexes; building a synchronous, modern, diverse and integrated industrial ecosystem.
Proactively creating incentive mechanisms, developing infrastructure and orienting to attract high-quality investment has helped Hung Yen create a bright spot to attract promising investment.
With strategic steps, Hung Yen is gradually realizing its aspiration to become an industrial and energy center of the Red River Delta and a province with a modern industry by 2035, striving to be in the group with the leading modern industry in the country; a strong maritime economic center of the North by 2045./.
Thu Hoai
According to VietnamPlus Electronic Newspaper