Hung Yen has ambitious plans for large-scale industrial parks by 2030

The ambitious target is provided in the province’s master plan for 2021-2030 period, with a vision to 2050, which has been approved under Decision No. 489/QD-TTg, recently signed by Deputy Prime Minister Tran Hong Ha.

Priority will be given to high-tech industries such as electronics production, telecommunications, semiconductor chips, software manufacturing, digital products, high-quality food production and processing, and bio-technology.

Van Giang District has fast urban infrastructure development in Hung Yen province

To that end, it will develop large-scale industrial parks (IPs) with modern infrastructure, meeting international standards and sustainable development requirements.

Under the plan, the province will have a total area of over 930 sq.m and 10 administrative units, namely Hung Yen city, My Hao town and the districts of An Thi, Khoai Chau, Kim Dong, Phu Cu, Tien Lu, Van Giang, Van Lam, and Yen My.

Hung Yen is expected to have a Gross Regional Domestic Product (GRDP) growth rate of about 9.0% per year during 2021-2030 and an average GRDP per capita of 278 million VND (nearly 11,000 USD) by 2030.

The agriculture and fisheries sector is anticipated to account for 3.6% of the economic structure. The industry and construction sector and service sector will make up 64.1% and 25.4%, respectively. The urbanisation rate will be about 60-65% by 2030 and about 80% by 2050.

In addition, the poverty rate is projected to drop to less than 0.5% by the end of 2025 and there will be no poor households by 2030. All households are expected to access clean water.

Hung Yen city is also hoped to become a centrally-run city by 2050 and a worthwhile place to reside in the Red River delta region.

Regarding key tasks and breakthroughs for development, the province will build a modern and comprehensive administration in terms of institutions, policies and administrative procedures.

The business and investment environment will be improved to ensure healthy competition, equality and transparency. The province will promote private and foreign direct investment into priority sectors and fields in line with its development strategy and planning as well as attract multinational corporations, large investors, and businesses in the global supply chain.

It will develop service industries that Hung Yen is strong in such as tourism, transportation, logistics, trade, science - technology, finance, banking, real estate, healthcare and entertainment.

Hung Yen province will become a logistics service and goods transshipment centre of the region. The agricultural sector will be restructured towards high-tech, circular and organic agriculture with large-scale production and high added value.

It targets a synchronous and modern technical and social infrastructure, with priority given to the development of transport infrastructure, industrial park, industrial clusters, urban, new urban areas and cultural infrastructure.

Focus will be placed on expanding main traffic axes, which connect with highways and national highways, Hanoi and other provinces as well as economic, industrial and commercial centres of the region.

The province will develop high-quality human resources on the basis of combining training, retraining and attracting highly-skilled workers from outside the province to meet the requirements of industrialisation, modernisation, digital transformation, and implementation of investment projects that apply high technology in the locality.

Tourism will become an important economic sector with high quality, diverse, and environmentally friendly products, which bear the cultural identity of Pho Hien - Hung Yen and the Red River Delta, making Hung Yen an attractive and highly competitive tourist destination.