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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
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