Expanding Economic Growth by Leveraging the Opportunities in the Seaport Sector in Hung Yen

In the bustling heart of Vietnam, the province of Hung Yen is making waves with its impressive economic growth and attractiveness to investors. With a focus on streamlining administrative procedures, preparing land in advance, and accelerating site clearance, Hung Yen has created an inviting environment for businesses.

The province is home to a vibrant economy, with 3,917 active ventures, including 903 Foreign Direct Investment (FDI) and 3,014 Domestic Direct Investment (DDI) projects. The total registered capital of these ventures surpasses $41 billion, a testament to the province's growing appeal.

Hung Yen's post-merger development promises to unlock vast coastal, industrial, and green economic potential, propelling the province towards a modern, sustainable, and globally connected future. One of the province's ambitious proposals is to construct a large-scale seaport in Diem Dien, capable of receiving vessels of up to 200,000 tonnes. This ambitious project has received the support of the Ministry of Construction.

The investor of the Ba Lat Seaport project, a specialized terminal for petrol and oil, is Phu Thanh Group. Another pioneering project in energy logistics in Hung Yen is the Ba Lat Liquid Cargo Port.

The Dutch business CTP Netherlands has also expressed interest in developing industrial parks offering comprehensive services in diverse localities across Vietnam, including Hung Yen province.

Hung Yen's success in attracting investment is evident in the first eight months of 2025, where the province attracted over $6.3 billion across 243 new and expanded ventures. The province's commitment to policy innovation, smart transport planning, synchronised connectivity, and the promotion of key economic sectors has been instrumental in this growth.

More than 1,100 of these projects are situated in industrial parks and economic zones, with 544 FDI and 581 DDI projects accounting for over $19 billion in investment. The province's goal is to elevate the Thai Binh Economic Zone into a fully integrated logistics-industrial-services centre.

Hung Yen's efforts to attract investment and drive economic growth are not only boosting the province's development but also positioning it as a key player in Vietnam's broader economic landscape. With its focus on modernisation, sustainability, and global connectivity, Hung Yen is poised to usher in a new era of prosperity for the region.

Expanding Economic Growth by Leveraging the Opportunities in the Seaport Sector in Hung Yen