Before the merger according to the Resolution of the National Assembly Standing Committee, the two former provinces of Hung Yen and Thai Binh had achieved many positive results in socio-economic development. The report of the Hung Yen Department of Finance shows that in the first 6 months of 2025, the economic situation of both localities will grow quite well, many targets exceeding the set plan, creating a favorable foundation for the transformation after the merger.
In Hung Yen, the province's gross regional domestic product (GRDP) increased by 9%. Of which, industry and construction increased by 10.67%; trade - services increased by 6.61%; agriculture, forestry and fishery increased by 2.39%. Export turnover reached 4.2 billion USD, up 29.23% over the same period in 2024; import is estimated at 3.56 billion USD, up 19.13%. Total social investment capital reached VND37,782 billion, up nearly 18.5%.
In particular, investment attraction has made a breakthrough, achieving the highest result ever, with the total newly granted and adjusted investment capital in the period reaching more than 103,000 billion VND and 593.8 million USD. State budget revenue as of the end of June reached more than VND 44,963 billion, completing 100.1% of the estimate for the whole year.
In the old Thai Binh, GRDP in the first 6 months of the year is estimated at VND 36,154 billion, up 9% over the same period. The production value of the whole province reached nearly VND106,000 billion, up 14.01%, of which the industrial sector increased sharply by 22.28%. Budget revenue reached more than VND 28,900 billion, exceeding the estimate by 127%, up more than 113% over the same period last year - the highest level ever.
Not only the economy, the fields of culture, society, health and education of both localities also recorded positive changes. The quality of comprehensive education continues to be improved. The health sector has received synchronous investment attention to meet the requirements of people's health care.
In administrative reform and digital transformation, both provinces have had clear breakthroughs. Hung Yen is in the group of 10 localities with the best quality of economic management in the country according to the PCI 2024 ranking, up 2 places compared to the previous year. Thai Binh also increased by a factor, entering the group of 30 leading localities.
These results show the strong direction of the Party committees and authorities of the two provinces in the period before the merger, and at the same time reflect the efforts to overcome difficulties of the business community and people. This is an important premise for the new Hung Yen province to continue to promote its strengths, accelerating the socio-economic development process in the coming period.
