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Hung Yen unveils adjusted master plan with three economic zones

Hung Yen s adjusted provincial master plan for the 2021–2030 period with a vision to 2050 establishes a development framework of three economic zones two corridors and seven development axes providing a basis for reorganising economic space and mobilising resources in the new phase

Hung Yen unveils adjusted master plan with three economic zones

The Hung Yen People's Committee revealed an updated master plan with three economic zones on October 12 following the amalgamation of Hung Yen and Thai Binh provinces. The merger, directed by the central government, expands the province's administrative area to 2,638 square kilometres and marine territory to 487 square kilometres.

With 104 administrative units, Hung Yen aims for rapid, sustainable growth driven by modern industry, civilised urban development, and sustainable marine economic development. By 2030, the province seeks to attain double-digit GDP growth, surpassing $27.4 billion in regional GDP, and focusing on a modern industrial base, clean urban areas, and a developed marine economy.

The plan organizes the province's development around three economic zones - northern for industrial and urban development, central as an administrative and educational hub, and coastal for marine and energy industries - along with two corridors and seven axes. The goal is to establish a dynamic, interconnected economy by 2030 and transition to a smart, circular economy by 2050.

Prime Minister Le Minh Hung emphasized the importance of good planning in driving growth and effective implementation in his address to the committee.

Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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