Northern Hung Yen province attracts $1.4 bln in FDI last year

Last year, northern Hung Yen province attracted 68 new foreign direct investment (FDI) projects with total registered capital of nearly $1.4 billion, the Vietnam News Agency has reported.

The province currently has 613 FDI projects with combined registered capital of nearly $8.5 billion.

Countries with the largest numbers of projects and amounts of investment capital include Japan, with 178 projects and registered capital of over $3.8 billion, accounting for nearly 46% of the total FDI capital poured in the province; the Republic of Korea with 159 projects and over $1.4 billion; and China, with 173 projects and over $1.3 billion.

In 2024, the province’s GRDP rose 7.7% over the previous year. .

The province targets an economic growth rate of 8% in 2025; an industrial production index growth of 10%; and export turnover of $8.5 billion.