Foreign direct investment expands across Hung Yen industrial zones

Hung Yen Province in northern Vietnam is becoming an increasingly popular destination for foreign direct investment (FDI), particularly from Northeast Asian countries. According to statistics, Japan accounts for 40.49% of the province's total FDI capital, with 204 projects and more than $8.19 billion in registered capital. China accounts for 22.94% with 389 projects and over $4.64 billion, while South Korea has 11.53% with 217 projects and more than $2.33 billion.

These figures highlight the province's strong appeal to investors from Northeast Asia, driven by its well-developed industrial infrastructure and strong connectivity.

The province's industrial base is rapidly expanding to accommodate new investment, supporting its goal of achieving double-digit growth. In the first eight months of 2026, the Index of Industrial Production rose 15.78% year-on-year, with manufacturing and processing industries leading the growth at 16.45%. Several sectors saw particularly strong growth, including machinery and equipment (90.49%), pharmaceuticals (40.56%), paper products (31.62%), apparel (28.50%), and electronics (21.85%).

To attract more investment, Hung Yen is expanding its industrial parks and clusters. In the first eight months of 2026, the province broke ground on or inaugurated 10 industrial parks and clusters, representing a combined investment of nearly VND18.222 trillion ($288 million). These projects are expected to create new production space and expand the province's capacity to attract investment.

Among them, Tho Hoang Industrial Park covers 250 hectares, and Lac Dao Industrial Cluster spans 42.5 hectares. The province also broke ground on Industrial Park No. 10 in An Thi Commune, covering 199.62 hectares, and Lien Ha Thai Industrial Park, covering 234 hectares.