The new Hung Yen: A dynamic land in the Red River Delta and opportunities for strategic Investors

A decision bringing long-term benefits in all three aspects

The merger of the two localities creates new development opportunities, maximizing the potential and advantages of the two provinces of Thai Binh and Hung Yen, which are rich in cultural traditions and revolutionary history.

This is also the combination of the potential of the marine ecological region and marine economy with the advantage of proximity to the capital Hanoi, aimed at building Hung Yen into a new growth pole of the Capital region and the Northern Delta; developing modern industry, marine economy, new energy, and civilized urban areas; while promoting ecological agriculture, modern rural regions, and civilized farmers.

The merger of the two localities creates new development opportunities, maximizing the potential and advantages of the two provinces of Thai Binh and Hung Yen, which are rich in cultural traditions and revolutionary history.

Along with this, preserving and promoting the distinctive cultural values of the land of Hung Yen - ancient Pho Hien, a land of spiritual and talented people - and Thai Binh "the homeland of rice and craft villages" will contribute to successfully achieving the goal: By 2030, Vietnam will become a developing country with a modern industrial foundation and upper-middle income; by 2045, become a developed country with high income.

According to Associate Professor Dr Tran Dinh Thien, former Director of the Vietnam Institute of Economics, besides the goal of streamlining the administrative organizational apparatus, provincial mergers also create new momentum. A new administrative entity with better competitiveness, stronger investment attraction, and a more effective regional development organisation. The Thai Binh-Hung Yen merger is a decision that brings long-term benefits in all three aspects: economic growth, governance efficiency, and regional leadership position.

Following the merger, the new Hung Yen province will encompass a natural area of over 2,514 km² and a population exceeding 3.56 million people.

The combination of Hung Yen's industrial and service strengths with Thai Binh's marine economy and agricultural potential will create a multi-sector, sustainable, and flexible economy.

Thai Binh has advantages in coastal land reserves, which are favourable for developing economic zones and coastal tourism. In contrast, Hung Yen has the potential to create industrial parks and modern urban areas. The merger will also optimise resources, from human resources to natural resources, while expanding development space for urban, industrial, and tourism projects.

Particularly, the new Hung Yen province will have conditions for more systematic overall planning, developing key economic sectors, thereby improving the material and spiritual lives of the people. This is a genuine merger, delivering long-term value and efficiency.

The attractiveness of the new Hung Yen

Data from the Hung Yen Provincial People's Committee shows that in the first six months of 2025, the new Hung Yen province, following its merger with Thai Binh, has attracted up to 205 new investment projects, with a total registered capital of over $ 5.9 billion. Of these, there are 123 domestic projects with a total capital of over $ 4.5 billion and 82 FDI projects with an investment of over $ 1.4 billion.

Following the merger, the new Hung Yen province will encompass a natural area of over 2,514 km² and a population exceeding 3.56 million people.

The investment scale has increased not only in quantity but also in quality, with many large projects that have momentum and a long-term vision.

Notable is the urban complex, eco-tourism, golf course project in the (former) Khoai Chau district with investment capital of over 1.5 billion USD, and the Sub-area A project - North of National Highway 5 urban area with a scale of nearly 1.3 billion USD. These projects not only enhance infrastructural urbanisation, but also create jobs and improve the quality of life for residents.

As of the end of June 2025, Hung Yen currently has 3,880 valid investment projects, with a total registered capital exceeding $ 40.8 billion. Of these, industrial parks and economic zones are attracting nearly 1,100 projects, with over $ 18.6 billion in investment capital. Outside industrial parks, there are approximately 2,800 projects, corresponding to over $22.2 billion.

These large-scale projects reflect the attractiveness of the locality following the implementation of the administrative merger. Successfully attracting a series of large-scale investment projects while restructuring the administrative unit is a clear indication of the provincial leadership's flexible operational capacity and strategic development vision.

Commenting on the potential of the new Hung Yen, Mr Dang Van Bac, Deputy Director of the Management Board of the Economic Zone and Industrial Parks of Thai Binh, said that the merger is not only an administrative and organisational equation, but an opportunity to reposition the role in the Northern key economic region. Thai Binh has advantages in coastal industrial space and clean land reserves, while Hung Yen is close to Hanoi and strong in high-tech services.

"When connecting these two development poles in a unified administrative structure, we will have conditions to formulate long-term policies, attract strategic investors, and form linked value chains from the coast to the inland," Mr Dang Van emphasised.

With a long-term vision and high consensus among the Party, government, and people, the formation of the new Hung Yen province will be a symbol of a dynamic, sustainable land with a distinct identity and influence in the Red River Delta region.

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