Unveiling Hung Yen’s Magnetism: $710 Million USD Investment in Industrial Parks in Just Six Months, Surpassing 70% of Annual Target

On June 26, the Management Board of Industrial Parks (IP) in Hung Yen province organized a conference with infrastructure investors in IPs in the province to evaluate the implementation of investment, construction, and investment promotion in the first half of 2025.

By the end of Q2 2025, the planning of IPs continued to be promoted. Specifically, IP No. 01 has approved the construction planning project, and IP No. 06 has completed the construction planning project according to the appraisal opinions of competent agencies, the direction of the Provincial Party Committee Standing Committee, the Ministry of Construction, and the Ministry of Finance. It is being submitted for approval as prescribed.

Three IPs, including Tan Dan, Van Nhue – Hoang Hoa Tham, and Ly Thuong Kiet, have completed the construction planning project and are being edited and perfected according to the comments of the agencies for approval. Tho Hoang IP is in the process of appraising the construction planning project, and IPs No. 04 and Tien Lu – Kim Dong – An Thi are selecting consulting contractors to establish the construction planning project.

At the same time, investment promotion has achieved positive results. In Q2 2025, IPs in the province attracted a total investment of 710 million USD, equivalent to 71% of the plan assigned by the Provincial People’s Committee (1 billion USD), with a total of 56 new investment projects. The total registered capital is over VND 8,300 billion. Many projects are large-scale and have the potential to contribute positively to the provincial budget and promote industrial development.

It is known that in the first six months of the year, the total state budget revenue of Hung Yen province is estimated at VND 37,000 billion, the highest ever, doubling that of the same period and nearly equal to the state budget revenue of the whole year of 2024 of VND 40,000 billion. The province is expected to reach over VND 70,000 billion for the whole of 2025.

Recently, a representative of Tax Area IV explained that the reason for Hung Yen’s high budget revenue is due to some large urban and real estate projects in the province located in Van Giang and My Hao Town.

After the investment preparation process, these projects have basically completed the legal procedures and are preparing to hand over the land on the ground, so there is a basis for the tax agency to apply financial obligations. The enterprises also committed to the Hung Yen province to perform the tax obligation immediately after being assigned the land.