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

The 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 attracts over 544 million USD worth of FDI in H1 -0
A corner of Hung Yen city (Photo: baodautu.vn)

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.

Economy

Localities report progresses in IUU fishing combat
Economy

Localities report progresses in IUU fishing combat

Coastal localities nationwide have implemented practical and effective activities and specific measures, demonstrating their determination to join the nation’s efforts to have the “yellow card” that the European Commission (EC) has imposed on Vietnamese seafood regarding illegal, unreported, and unregulated (IUU) fishing lifted in 2024.

Da Nang Hi-Tech Park attracts 177-million-USD FDI project
Economy

Da Nang Hi-Tech Park attracts 177-million-USD FDI project

The Da Nang Hi-Tech Park continues to strengthen its position as a leading investment hub with the recent in-principle approval of a 177-million-USD project by Dentium Co., Ltd., from the Republic of Korea (RoK).This significant investment brings the total registered foreign direct investment (FDI) in the park to 875.2 million USD, spanning 13 projects.

UNGA President congratulates Vietnam on re-election to UNCITRAL
Economy

UNGA President congratulates Vietnam on re-election to UNCITRAL

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), had a meeting in New York on November 21 with President of the 79th session of the UN General Assembly (UNGA) Philemon Yang who congratulated Vietnam on the country’s re-election to the UN Commission on International Trade Law (UNCITRAL) for the 2025-2031 term.