According to the Hung Yen Department of Finance, in the first ten months of 2026 the province's industrial parks (IPs) attracted about US$1.585 billion in foreign investment and VND21,598 billion in domestic capital (new and additional registrations), about US$2.4 billion in total after conversion, more than 60% above the 2026 plan.
New and expansion capital
- 73 new projects entered the IPs: 70 secondary projects and 3 infrastructure development projects. Of these, 35 FDI projects registered US$602 million and 35 domestic projects VND9,435 billion; the 3 infrastructure projects total VND9,445 billion.
- 77 projects raised capital, including 59 FDI projects adding US$983 million and 18 domestic projects adding VND2,718 billion. Additional FDI capital made up about 62% of total foreign investment into the IPs – a sign that existing investors remain confident enough to expand.
Across the province, the ten months saw 262 new investment projects and 179 adjusted projects, with registered capital of more than VND75,000 billion domestically and US$2 billion from abroad. Cumulatively, Hung Yen has 1,017 active FDI projects with total capital of more than US$19 billion; Japan leads with over US$6.8 billion from 205 projects, 35.7% of total FDI, followed by China (over US$4.8 billion) and South Korea (over US$2.2 billion).
A "green lane" and parallel procedures
Since August, the province has applied a "green lane" mechanism for secondary investors entering IPs, and is drafting a coordination regulation aimed at cutting processing time by 30%. Procedures may run in parallel during infrastructure construction, but an IP may only begin operating once it meets all conditions, especially environmental protection works and wastewater treatment systems.
For 2026, the province aims to clear more than 1,400 ha of land for IPs and 1,000 ha for industrial clusters. Under its master plan, Hung Yen has 67 IPs covering more than 23,000 ha and 125 industrial clusters of nearly 8,000 ha – ample room for infrastructure developers and manufacturers.
A vibrant local economy
Over ten months, the province's industrial production index rose 15% and total import-export turnover rose 30%, with exports up 18%. Some 4,339 new enterprises were established with registered capital of more than VND46,000 billion.
Key takeaways
- Hung Yen's IPs drew about US$2.4 billion in ten months, more than 60% above the 2026 plan.
- The "green lane" mechanism aims to cut processing time for secondary investors by 30%.
- A plan for 67 IPs covering more than 23,000 ha offers long-term room for investment.