Investment attraction boom from the beginning of the year
According to the Management Board of the industrial area Hung Yen province, of the 23 new investment projects, there are 16 FDI projects and 7 DDI projects. The total newly registered and adjusted FDI capital reached 196,2 million USD, while the total DDI capital reached 1.545 billion VND (equivalent to 283,2 million USD), completing 28,3% of the yearly plan and equal to 69% compared to the same period in 2024.
Notably, investment capital implemented in the province's industrial parks reached VND4.900 billion, a sharp increase of 175% over the same period last year and completing 23,3% of the 2025 plan.
Currently, Hung Yen has 10 operating industrial parks with a total area of 2.773 hectares. According to the plan until 2030, the province will develop 30 new industrial parks and expand 4 existing industrial parks, bringing the total industrial park land area to 9.588 hectares. After 2030, Hung Yen will continue to open 5 more industrial parks with an area of 2.460 hectares, affirming a methodical and sustainable industrial development strategy.
International Investment Promotion – Strategic Cooperation with Chinese Enterprises
Not only attracting domestic capital, Hung Yen also actively expands international cooperation. Recently, Hung Yen Provincial Party Secretary Nguyen Huu Nghia led a delegation to China, coordinating with the Vietnamese Embassy and the China Investment Promotion Council to organize a conference attracting nearly 100 enterprises in Xi'an, Shaanxi Province.
At this event, the People's Committee of Hung Yen province signed a memorandum of understanding with a consortium of investors, including: Xi'an GSR Energy Storage Technology Co., Ltd.; Makara Fund (Singapore); Newtechco Group Joint Stock Company (Vietnam).
These investors committed to researching and implementing two large-scale projects: a solar panel manufacturing plant (50GW) on an area of 75 hectares; a fast charging station equipment and storage battery manufacturing plant (12GWh) on an area of 25 hectares.
In addition, Our United Corporation and Newtechco Group also signed a cooperation agreement to research and invest in a Green Hydrogen production plant with a capacity of 3 million tons/year and apply Small Modular Reactor (SMR) technology to produce electricity in Hung Yen.
It is known that in 2024, Hung Yen attracted nearly 4 billion USD in investment capital, the highest number ever, creating strong momentum for socio-economic development.
With the strategy of expanding industrial zones, attracting high-quality FDI capital and promoting international cooperation, Hung Yen is affirming its position as one of the key industrial centers of the North.
Source: CafeLand
