Despite being heavily affected by the covid-19 epidemic, in 2021 and 2022, Hung Yen is still an attractive place for investment when expanding and establishing many new industrial zones, creating a land fund willing to attract domestic and foreign investors to build factories in Hung Yen.
1. Pho Noi A Industrial Park
As the largest industrial park in Hung Yen province, in March 2021, Pho Noi A Industrial Park was licensed to expand by 92.5 hectares with a total investment of more than 1,000 billion VND, bringing the total size of the Industrial Park to 688.94 hectares. By the end of 2020, Pho Noi A Industrial Park has attracted a total registered investment capital of nearly 2 billion USD, most of the FDI projects coming from Japan and Korea.
2. Thang Long Industrial Park II
Thang Long II Industrial Park of Hung Yen Province, established in 2019, is one of the industrial parks that meet the standards of a clean and eco-friendly industrial park and is still attracting a lot of international investors with a total area of 525.7 hectares and continues to expand.
At the beginning of February 2022, the Prime Minister approved the investment policy to build Thang Long II Industrial Park – phase 3 with a scale of 180.5 hectares in My Hao commune, increasing the total clean land fund here to over 700 hectares.
3. Ly Thuong Kiet Industrial Park and Service Urban Complex
30km from the center of Hanoi, with a route connecting the Hanoi – Hai Phong highway with the Cau Gie – Ninh Binh highway, the Industrial Park has convenient transportation for trading with important urban areas such as Hanoi, Hai Phong, Quang Ninh, Thai Binh, Hai Duong.
The industrial park complex has an area of 1,988 ha, including Industrial Park No. 1 (263.85 ha), Industrial Park No. 4 (445 ha), Tho Hoang Industrial Park (250 ha), Industrial Park No. 6 (308.2 ha), Industrial Park No. No. 7 (198.56 ha), and 3 new industrial parks approved for investment policies: Industrial Park No. 3 (159.71 ha – established in October 2021), Clean Industrial Park (143.08 ha – establishment decision in November 2021, Industrial Park No. 5 (192.64 ha – establishment decision made in January 2022).
4. Additional planning for industrial clusters in Hung Yen
On December 20, 2021, the People’s Committee of Hung Yen province issued a decision to add a number of industrial clusters to the approved and adjusted planning: Dang Le industrial cluster, Kim Dong industrial cluster, and Chinh Nghia industrial cluster.
All three of these industrial clusters have an area of about 75 hectares, which is expected to focus on attracting projects in industries such as High-tech industrial production, supporting industries for electronics, and supporting industries for the automotive industry (engines and engine details, lubrication systems, cooling systems, fuel supply systems, etc.), projects using energy-saving and clean technology without causing environmental pollution.
In recent years, investment attraction activities in Hung Yen province have achieved many results, the scale and quality of infrastructure of industrial parks have been increasingly invested. With an open investment environment and favorable technical infrastructure, Hung Yen has become an attractive destination for many foreign investors, such as Japan, Korea, China, France, the United States, Belarus, etc. Investment projects and construction of production plants in Hung Yen are constantly increasing in number and registered capital.