Business

Hung Yen draws nearly 1.6 billion USD in FDI over eight months

In August alone Hung Yen licensed or granted in-principle approval to 26 new projects and saw seven capital increases, with total investment exceeding 300 million USD.

Hung Yen draws nearly 1.6 billion USD in FDI over eight months. (Illustrative photo: VNA)
Hung Yen draws nearly 1.6 billion USD in FDI over eight months. (Illustrative photo: VNA)

Hung Yen (VNA) - The northern province of Hung Yen has attracted more than 6.3 billion USD from 243 new and expanded projects since the beginning of 2025, including 99 foreign direct investment (FDI) projects with registered capital of almost 1.6 billion USD.

According to the provincial Department of Finance, in August alone Hung Yen licensed or granted in-principle approval to 26 new projects and saw seven capital increases, with total investment exceeding 300 million USD.

The province currently counts 3,917 valid projects, comprising 903 FDI projects and 3,014 domestic ones, with total registered investment of over 41 billion USD. Of these, more than 1,100 projects are located in industrial parks and economic zones, including 544 FDI projects and 581 domestic projects, representing combined registered capital of more than 19 billion USD.

Domestic investment accounted for 144 projects worth more than 4.7 billion USD during the first eight months of this year. However, provincial authorities highlighted FDI as a bright spot.

Hung Yen has recently hosted delegations from several major corporations exploring opportunities, notably CTP of the Netherlands and Australia’s Haemologic Biotech, signalling prospects for large-scale projects in the future.

Looking ahead, the province is prioritising investment attraction in industries such as manufacturing, industrial park and cluster infrastructure, hi-tech agriculture, trade and logistics services, as well as urban and housing development, especially eco-townships, resort-style urban areas and service-based urban zones. Other focus areas include transport, healthcare and high-tech waste treatment.Authorities are also directing relevant agencies and consultants to draft a proposal for the establishment of Hung Yen Free Economic Zone, building on the model of Thai Binh Economic Zone.

The proposal envisions a strategically positioned, dynamic and investor-friendly zone in Southeast Asia, fostering breakthroughs in business freedom, capital flows, talent mobility and governance, and serving as a gateway connecting northern Vietnam to global markets./.

VNA
#Hung Yen #foreign direct investment #FDI projects #Hung Yen Free Economic Zone #Thai Binh Economic Zone Hung Yen
Follow VietnamPlus

Related News

See more

At the Vietnam- Myanmar Business Forum in Hanoi on September 6 (Photo: VNA)

Myanmar President pledges to facilitate Vietnamese investment

Myanmar calls for Vietnam's cooperation in digital infrastructure development, cybersecurity, digital transformation, public services, information technology, and digital payment systems, as well as in fostering an innovation-driven business environment.

Using AI to search and process legal information (Photo: VNA)

Legal profession reshaped in age of artificial intelligence

In Ho Chi Minh City, digital transformation in the legal profession is not simply about introducing more technology into professional practice. It must also create ways of working that ensure technology serves people, while lawyers retain control and responsibility for the quality of legal services. This is particularly important in a metropolis with a large-scale economy and diverse legal needs.

Activities in Chan May Bay, part of the Chan May–Lang Co Economic Zone in Hue city. (Photo: VNA)

Hue steps up investment drive in Chan May–Lang Co Economic Zone

Covering more than 27,000ha, the Chan May–Lang Co Economic Zone is emerging as a key economic, urban, industrial and eco-tourism centre in southeastern Hue, with functional areas dedicated to seaports, industry, non-tariff activities, urban development and tourism.

The Ministry of National Defence's inter-agency inspection team visits La Gi Fish Port in Phuoc Hoi ward, Lam Dong province. (Photo: VNA)

Lam Dong's IUU fishing prevention efforts inspected

According to the Lam Dong provincial IUU Fishing Prevention Steering Committee, all 8,177 fishing vessels measuring at least 6 metres in length have been registered and updated in the national fisheries database VNFishbase.

A member of Minh Quang Cooperative in Hung Yen province works on a farm. (Photo: VNA)

Vietnam aims to link half of farm cooperatives with enterprises by 2030

The Ministry of Agriculture and Environment will promote links between cooperatives, enterprises, science and technology organisations and other economic entities along with carrying out programmes to develop concentrated agricultural, forestry and fisheries raw material areas and enhance value chain production.

The night-time economy is increasingly seen as an important avenue for Vietnam’s tourism sector to extend visitors’ stays (Photo: VNA)

Revitalising growth momentum for night-time economy

The night-time economy has moved beyond being merely an add-on service to become a new growth driver for tourism. Night-time activities can “awaken” familiar heritage spaces and breathe new life into them. Art, light and music experiences after dark can create distinctive attractions while meeting the desire of middle- and high-end visitors to explore cultural depth.

A livestream session promotes green-skinned pomelos grown in Cho Lach commune, Vinh Long province. (Photo: VNA)

E-commerce reshapes rules of game

Once fixed fees, payment fees, infrastructure charges and service packages are included, sellers may have to spend around 24.5-27.6% of their revenue on platforms. The figure shows that the era of easy selling and low costs in e-commerce has officially come to an end.

Ho Chi Minh City targets third-quarter growth of over 11% (Photo: VNA)

Ho Chi Minh City targets third-quarter growth of over 11%

Ho Chi Minh City will continue to implement drastic measures to achieve double-digit growth, targeting GRDP growth of at least 11.07% in the third quarter of 2026, 9.43% in the first nine months and 12.3% in the fourth quarter, with a view to completing the full-year goal of 10% or more.

MM Mega Market An Phu supermarket in Ho Chi Minh City is brightly decorated for the National Day holiday. (Photo: VNA)

Domestic consumption up over 13%, tourism continues strong growth

The total retail sales of goods and consumer service revenues in August were estimated at 679.8 trillion VND (26 billion USD), up 1.6% from the previous month and 14.9% year-on-year. In the January-August period, the figure reached 5.24 quadrillion VND, representing a 13.3% increase year-on-year.

A production line of Onaga Co., Ltd. (Japan) at HANSSIP (Photo: nhandan.vn)

Hanoi moves to maintain appeal to FDI inflows

In the first eight months of 2026, the capital city attracted more than 3.7 billion USD in FDI, equivalent to 83% of the plan set for the year. Newly registered FDI exceeded 572 million USD across 450 projects, up 175.78% in project numbers and 209.46% in capital compared to the same period last year. Additional registered capital topped 492 million USD, while capital contributions and share purchases exceeded 2.6 billion USD.

Saigon Marina IFC is the first private-sector project contributing to realising the goal of developing the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

VIFC offers various opportunities to attract forein investment

Turning the VIFC into an effective channel for international capital will require clear rules, quality projects and strong connections between investors and domestic businesses. Meeting these requirements will be key to transforming investor interest into concrete capital flows and investment projects in Vietnam.