Northern Vietnam's Hung Yen province’s FDI landscape has recently become increasingly dynamic, with more foreign investors choosing it as a strategic base, while actively exploring new opportunities for cooperation.

Accordingly, during a working session with Mr. Nguyen Le Huy, Vice Chairman of the Hung Yen Provincial People’s Committee on August 26, Mr. Remon Vos, Founder and CEO of CTP (Netherlands) – one of Europe’s leading industrial real estate and logistics developers, announced that the company plans to invest about €1 billion in Vietnam in the years to come.

As part of this strategy, Hung Yen province and Vietnam's central region have been identified as CTP’s key focus areas for developing high-tech, modern, and environmentally friendly industrial parks.

Mr. Remon Vos highly appreciated Hung Yen’s industrial development strategy for 2021–2030, with a vision to 2050, and expressed strong interest in expanding CTP’s investments in the province in the near future.

Alongside the Netherlands, Hung Yen has also drawn attention from Haemologic Biotech, an Australian medical device manufacturer, specializing in advanced technology. 

At a meeting with the provincial authorities on August 27, Mr. Michael Gallagher, Managing Director of Haemologic Biotech, revealed the company’s plan to establish a manufacturing plant in Vietnam to scale up operations and optimize its supply chain.

Therefore, the company has conducted site visits at several industrial zones in Hung Yen province, and Mr. Gallagher was particularly impressed with the province’s industrial infrastructure and supporting services.

Mr. Gallagher noted that establishing a plant in Hung Yen would allow the company to better access the Asian market, shorten logistics time, and enhance the competitiveness of its high-tech medical products.

Commenting on these new investment plans of the investors, Mr. Huy highly appreciated the investors’ expansion strategies and affirmed that the province will continue to accompany and support them. 

He also emphasized that Hung Yen offers multiple advantages for industrial and service development, thanks to its favorable geographical location and strong connectivity with Hanoi and the Red River Delta, particularly through major expressways, coastal roads, and the capital city's Ring Road No. 4, which run through Hung Yen. These are favorable conditions for foreign investors.