A Billion Euro Boon: The Province Next to Hanoi Emerges as a Strategic Hub

This province is a key economic hub in the Northern region of Vietnam, a mere 30km from the nation's capital, Hanoi.

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The Thang Long II Industrial Park in Hung Yen province

The Netherlands is currently the 8th largest investor in Vietnam, with bilateral trade reaching approximately $12 billion in 2024. As Europe’s cargo hub and a leader in clean industrial development, the country is also a pioneer in advanced agriculture and modern logistics.

CTP Netherlands recently held a meeting to discuss promoting cooperation and exploring investment opportunities in Hung Yen province. CTP is a leading developer of industrial parks in the Netherlands and Europe.

The company plans to develop high-tech industrial parks offering comprehensive services in several provinces and cities in Vietnam, including Hung Yen. CTP currently manages over 11 million square meters of factory and logistics space across 10 European countries.

Their CTPark model has proven highly successful in Europe, attracting high-tech investors and global technology companies, and boosting economic growth in various regions.

Vice Chairman of the Provincial People’s Committee, Nguyen Le Huy, meets with representatives of Dutch businesses to discuss cooperation and investment opportunities in the province.

During the meeting, Remon Vos, CEO and Founder of CTP Netherlands, highlighted the company’s expertise and experience in developing and operating modern industrial and logistics parks in several European countries.

Additionally, the company has successfully developed a dynamic high-tech ecosystem in industrial parks worldwide and aims to replicate this model in Vietnam.

CTP Netherlands intends to invest in high-tech industrial parks in major provinces and cities in Vietnam, with a particular focus on Hung Yen and the country’s central region. The expected investment in Vietnam over the next few years is approximately 1 billion Euros.

Earlier, during a meeting with the leadership of Hung Yen province, Mr. Christoph Prommersberger, Deputy Ambassador of the Kingdom of the Netherlands to Vietnam, stated that Vietnam is the first country outside of Europe that CTP has chosen to develop a chain of high-tech industrial parks, reflecting the company’s confidence in the country’s sustainable development potential, particularly in Hung Yen province.

CTP is currently exploring investment opportunities in Hung Yen and is especially interested in newly planned industrial parks, focusing on green development, modern infrastructure, and easy access to logistics hubs.

This presents a chance for CTP to expand its presence in the Vietnamese market and contribute to promoting green and sustainable growth in Hung Yen during this period.

Therefore, the provincial leaders have requested relevant parties to study the proposals and provide information on industrial land funds, investment attraction orientations, policies, and mechanisms, as well as accompany the enterprise during the process of researching and surveying investment opportunities in the province.

Hung Yen is located in the key economic region of Northern Vietnam, just 30km from Hanoi. The province boasts a well-connected transport system, an abundant and skilled labor force, and flexible and open investment policies.

Hung Yen is focusing on attracting investment in high-tech industries, clean industries, environmental protection, infrastructure development, logistics, and urban services along rivers and coastal areas.

The province currently offers well-developed industrial parks with ready infrastructure for secondary investors and has also meticulously planned new industrial parks, enabling quick licensing.

In recent years, Hung Yen has attracted prominent groups from Japan, South Korea, Taiwan (China), and Singapore, including numerous projects for modern industrial infrastructure.

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