Hung
Yen Attracts Nearly 1.5 Billion USD in the First Half of 2024
Synchronized infrastructure, an open investment environment, and transparent
administration are important factors creating the investment appeal of Hung Yen
province.
Recently,
the investment environment of Hung Yen has improved significantly. Incentive
policies to attract investment capital both domestically and internationally
have helped Hung Yen attract large investment capital, creating momentum for
economic growth. Correct orientations have made Hung Yen one of the
"strongholds" chosen by investors.
Currently, the province has 578 foreign-invested projects with a total
registered capital of over 75 billion USD. Countries with many projects and
large investment capital include Japan (176 projects, registered capital of 38
billion USD, accounting for 50.98% of total registered capital), South Korea
(154 projects, registered capital of over 900 million USD, accounting for
11.88%), China (151 projects, registered capital of 11 billion USD, accounting
for 15.52%...).
Recently, Hung Yen received an additional 760 million USD of foreign investment
capital and 10,000 billion VND of domestic capital. Among the projects granted
certificates this time, there are two urban construction investment projects.
These are the Central Park and New Urban Area Dong Khoai Chau Construction
Investment Project (total registered capital of over 3,100 billion VND,
equivalent to more than 122 million USD) and the Minh Hai - Phan Dinh Phung Urban
Area Construction Investment Project (over 3,200 bil...
Minh
Quang Industrial Park, My Hao - an attractive FDI investment destination in
Hung Yen province
Mr.
Pham Thieu Hoa, Chairman of Vinhomes Joint Stock Company - the investor of Dai
An Urban Area and Dream City Eco-Urban Area projects in Hung Yen province,
evaluated: “Infrastructure is being strongly invested in by Hung Yen province
with the largest number of projects and scale ever, such as Ring Road 4, the
road project connecting Hanoi - Hai Phong Expressway and Cau Gie - Ninh Binh...
During development, Hung Yen has particularly focused on attracting and
inviting investors to participate in urban infra...
According to the Hung Yen provincial planning for the period 2021-2030 with a
vision to 2050, there will be 35 industrial parks (IPs) planned for development
with an area of 12,048.63 hectares. In the period up to 2030, 30 new IPs will
be planned for development with a total area of 9,183.53 hectares; 4 IPs will
be planned for expansion with a total area of 4,051 hectares. The total area of
land planned for IP development is 9,588.63 hectares. After 2030, 5 new IPs
will be planned for development with a total area of 2,460 hectares.
For the foreign direct investment (FDI) projects registered for investment in
Hung Yen this time, they mainly come from Singapore and Japan... These include
the Hung Yen Alpha Logistics Park Joint Stock Company (Singapore) project with
a total registered capital of over 114 million USD; the RFID label production
project (using radio waves to read and collect information stored on tags
attached to objects) with more than 67 million USD; the investment project to
build factories, warehouses, offices, and moder...
According to Mr. Vu Quoc Nghi, Head of the Hung Yen Provincial Industrial Park
Management Board, the above results clearly demonstrate the efforts of
provincial leaders in investment promotion, strong direction in significantly
improving the investment - business environment, enhancing the province's
competitiveness, and the trust of investors when coming to Hung Yen.
In recent years, Hung Yen has always strived to improve the quality of the
business environment to suit the context and development trends, aiming to
enhance the province's position on the Provincial Competitiveness Index (PCI)
ranking.
My
Hao District with a strategic position in the eastern economic corridor is the
most attractive investment destination in Hung Yen
In
2023, regarding administrative reform, the province's PCI index ranked 12th out
of 63 provinces and cities (up 2 places and 1.18 points compared to 2022). The
Provincial Green Index (PGI) ranked 4th out of 63 provinces and cities (up 10
places and 8.82 points compared to 2022). The province's Public Administration
Reform Index (PAR INDEX) ranked 26th out of 63 provinces and cities. The
Satisfaction Index of Public Administration Services (SIPAS) ranked 7th out of
63 provinces and cities. The Public Admini...
Mr. Tran Quoc Van, Chairman of the Hung Yen Provincial People's Committee,
affirmed that to exploit the opportunity to attract FDI, Hung Yen province is
committed to creating an open, transparent, and friendly business investment
environment, facilitating all economic sectors' participation. At the same
time, it creates strong motivation to attract investment, develop enterprises,
and promote production and business activities, contributing to socio-economic
development in the period 2021-2025 and the follo...