Hung Yen attracts over 544 million USD worth of FDI in H1

The figures were unveiled at a press conference held on June 27 to review Hung Yen’s socio-economic performance in the first half.

According to Dao Trong Tuyen, head of the provincial Statistics Office, Japan has so far topped the foreign investor lineup with 176 projects worth 3.8 billion USD, followed by the Republic of Korea and China.

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.