Hung Yen speeds up reform to boost investment appeal
Hung Yen province is accelerating administrative reform and improving public governance to reduce business costs strengthen investor confidence and enhance the efficiency of investment attraction as the province enters a new phase of economic growth
Hung Yen, a province situated in the Red River delta, is prioritizing reforms to enhance its attractiveness to investors. With its geographical advantages, ample land, and substantial market potential, the province's investment appeal hinges on governance quality. This encompasses policy transparency, information accessibility, administrative efficiency, and investor support.
As the industrial base expands and investment demand surges, the province is making these improvements a top priority. Decision No.1875/QD-UBND, issued on June 15, sets the stage for enhancing the Public Administration Reform Index, Satisfaction Index of Public Administrative Services, and Provincial Governance and Public Administration Performance Index for the 2026-2030 period.
The goal is to secure a spot in the top 10 provinces for these indices by 2030, while fostering a professional, modern, and transparent administration that places citizens and businesses at the forefront of public service delivery. Despite a provisional score of 61.8 out of 68 in the 2026 self-assessment, the province is determined to meet its targets by the end of the year.
Specific objectives include eliminating overdue administrative procedure files, ensuring prompt responses to public feedback, and providing fully online services for administrative procedures. The province has also made strides in upgrading its data infrastructure, increasing shared information systems, and achieving a 94.1% rate of fully electronic processing of documents and work files.
These efforts have contributed to a 11.2% growth in regional GDP in the first nine months of 2026, placing Hung Yen seventh among 34 provinces and cities. Industrial and construction sectors have been the primary drivers of growth, accounting for 55.6% of the economic structure, with industry alone constituting nearly 45.2%. Foreign investment has also shown positive momentum, with approximately $4.52 billion in domestic and foreign direct investment recorded in the first nine months of 2026.
To meet these demands, Hung Yen is addressing planning, land, site clearance, infrastructure, and investment procedures, while focusing on renewing investment promotion and investor support activities to boost total investment attraction in 2026 compared to the previous year.
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.
