The industrial sector has become the driving force for the province's breakthrough thanks to its expanded development space, strong attraction of investment capital, and a growing business community. Building on this foundation, coupled with a strong desire to advance, Hung Yen is confident in "taking off from the industrial runway" in this new phase.

Manufacturing electronic components at Dong Yang E&P Vietnam Co., Ltd., Duong Hao Ward.

Expanding development space.

During the 2020-2025 period, the province has created a completely new industrial landscape. While previously industrial parks were concentrated in only a few districts, the development map now covers the entire province. With 11 new industrial parks and 26 new industrial clusters established during the 2020-2025 term, the total number of operational industrial parks has increased to 21, covering nearly 5,500 hectares, along with 75 industrial clusters spanning over 4,000 hectares. According to Mr. Do Van Ve, Chairman of the Provincial Business Association: "The rapid planning and implementation of industrial parks and clusters has created space for industrial development that is both concentrated, synchronized, modern, and diverse, while meeting the land needs of both multi-billion dollar FDI projects and domestic small and medium-sized enterprises." A notable point is the shift in planning mindset. New industrial parks are not just about building infrastructure for factories, but are being shaped according to a model that integrates industry, urban areas, and services. Lien Ha Thai, Hung Phu, Yen My, Thang Long II... have become attractive investment destinations recently thanks to their green, clean, and smart infrastructure, anticipating and embracing the trend of green and circular industries. This represents a shift from extensive to intensive development, enhancing the province's competitiveness on the national industrial map. Scientific planning, clean land resources, and a long-term vision have enabled the province to proactively attract shifting capital flows, transforming its geographical advantages into a driving force for breakthroughs. Thus, the planning not only expands the area but, more importantly, has created a solid foothold for the province in the race to attract investment among provinces in the Red River Delta region.

Strong investment appeal

The province's industrial appeal is clearly demonstrated by the increasingly strong flow of investment capital. In just the first eight months of 2025, the province attracted 232 new projects and 194 projects with increased capital, with a total newly registered and supplementary investment capital of VND 119,299 billion and USD 1.554 billion. To date, the province has 3,908 active projects, including 898 FDI projects with a total capital of USD 16.23 billion – a figure that shows the province has become and continues to be a leading destination for global corporations. The strong influx of FDI and high-tech projects marked a new breakthrough in investment attraction. This was the period when the province rose to the top group nationwide in attracting FDI. The presence of major players in the fields of electronics, precision mechanics, and clean energy not only increased industrial production value but also integrated the province into the global supply chain. This success is closely linked to the contributions of strategic infrastructure investors. For example, the Lien Ha Thai Industrial Park, developed by Green i-Park Joint Stock Company, has quickly become a symbol of green industry, attracting more than 30 FDI projects with a total capital of US$1.6 billion after 4 years of implementation. Similarly, the Pho Noi A Industrial Park, thanks to its advantageous highway connection, has already seen the addition of 5 projects in just 8 months of 2025 with registered capital of nearly VND 30,000 billion and US$1.236 billion. These figures demonstrate the attractiveness of synchronized infrastructure and affirm investors' confidence in the province's business environment.

Another highlight is the government's support for businesses. Shortening processing times, promoting administrative reforms, and applying digital technology in licensing and investment registration have helped Hung Yen achieve a breakthrough in the PCI index, ranking in the Top 10 nationwide for the first time in 2024. This is the "soft key" alongside the "hard" infrastructure, creating a superior competitive advantage.

Manufacturing of power tools for export at Keystone Electrical Vietnam Co., Ltd., Lien Ha Thai Industrial Park.

Diversified resources

The expansive development space and strong investment appeal have fostered a robust and diverse business community. In just five years, the province has granted new business licenses to 4,813 enterprises, a 75.3% increase compared to the same period; bringing the total number of enterprises to 34,501, along with 8,227 branches, offices, and business locations, with a total registered capital of nearly 600,000 billion VND. This large force creates a multi-layered business "ecosystem," ranging from multinational corporations to domestic private enterprises, from large-scale industries to small-scale handicrafts and traditional craft villages. This business community has created hundreds of thousands of jobs and increased the average income of workers. Industrial development has shifted the labor structure from agriculture to industry and services, leading to accelerated growth in trade, logistics, and urbanization. People directly benefit from job opportunities, education, healthcare, and urban infrastructure – all contributing to an improved quality of life. Comrade Vu Kim Cu, Member of the Standing Committee of the Provincial Party Committee and Head of the Provincial Economic Zone Management Board, emphasized: The convergence of major investors such as Green i-Park, Geleximco, VSIP, Greenworks, Kyuden, Lotes... not only creates a large flow of investment capital but also forms a strong business community, capable of transforming the province into a modern industrial and urban center of the Red River Delta. Diversifying resources also means increased resilience to global economic fluctuations. When multiple sectors develop simultaneously, from electronics, mechanics, and textiles to energy and logistics services, the provincial economy does not become overly dependent on a single sector, thereby creating long-term stability and sustainability.

Looking back, it is clear that, in addition to bringing about modern industrial parks and clusters and massive investment flows, the industrial sector has provided a comprehensive impetus to the socio-economic life of the province. Entering a new phase, with its foundation and aspirations for development, industry will continue to be a solid "runway" for the province to "take off," rising strongly and rightfully becoming a dynamic industrial center of the Red River Delta region.

Khắc Duẩn

Nguồn trích dẫn: baohungyen.vn