Total he northern province of Hung Yen welcomed 32 new foreign-funded projects valued at 544.29 million USD between the beginning of the year and June 20, bringing its totals to 578 projects and 7.5 billion USD.
Hung Yen (VNA) – Total Japanese investm⛎ent in the northern province of🀅 Hung Yen so far has reached 3.8 billion USD, in 176 projects.
Thus, Japan has topped the foreign investor lineup in the province, followed by the Republic of Korea and China.
The figures were unveiled at a press conference held on June 27 to review Hung Yen’s socio-economic performance in the first half.
In the first half of this year to June 20, Hung Yen welcomed 32 new foreign-funded projects valued at 544.29 million USD between the beginning of the year and June 20, bringing its totals to 578 projects and 7.5 billion USD.
In the first half of this year, Hung Yen’s gross regional domestic product (GRDP) was estimated to grow by 6.81% compared to the same period in 2023, ranking 24th out of 63 provinces and cities nationwide. Meanwhile, its contribution to the State budget revenue reached some 21.445 trillion VND (857.8 million USD), an increase of 39.83% year-on-year and a fulfilment of 65.34% of the annual plan.
Also in the six months, the local industrial production and construction experienced more favourable conditions compared to the same period last year, Tuyen noted. Industrial enterprises maintained significant growth, with several sectors showing substantial increases such as the production of metal, electronic, and electrical products, up 8.48%, 35.73%, 16.93%, respectively.
However, some sectors that constitute a large proportion of the province's economy saw annual declines due⭕ to reduced orders. They included food processing, leather and leather products manufacturing, and non-metallic mineral production, down 5.74%, 12.38%, and 4.78%, respectively./.
The northern province of Hung Yen has for more than two years implemented a development plan on enhancing the economic efficiency of its riverside areas by 2025, with a vision to 2030, resulting in significant improvement in the local socio-economic landscape.
The northern province of Hung Yen is gearing up to celebrate its prized longan fruit and showcase the best of its agricultural bounty at the Hung Yen Longan and Farm Produce Festival 2024.
Priority will be given to high-tech industries such as electronics production, telecommunications, semiconductor chips, software manufacturing and digital products.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
