Hung Yen Province in northern Vietnam has emerged as an attractive destination for Singaporean investors, with many expanding operations across sectors such as industry, energy, pharmaceuticals, and logistics.
At a recent working session with provincial authorities, Chairman and CEO of Makara Capital Partners Ali Ijaz Ahmad said the Singapore-based group and its partners plan to invest in developing a pharmaceutical–biotechnology industrial park covering 300 hectares.
According to Mr. Ahmad, the project is expected to be submitted to local authorities for consideration in January 2026.
Earlier this month, SPX Express of Singapore and its partners broke ground on an automated sorting center at the Yen My Industrial Center, which will be the largest SPX facility in Southeast Asia.
In July 2025, Soilbuild International, a Singaporean real estate developer, commenced construction of Spectrum Hung Yen, a ready-built industrial facility with a total investment of $60 million.
In the first nine months of the year, Hung Yen province attracted over $1.6 billion in FDI.
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