Processing, manufacturing industries; electricity production and distribution; water supply, waste management and treatment activities, wastewater... recorded high growth.
In the first quarter of 2025, the province's trade promotion and investment cooperation activities have had many positive changes with many business groups and economic groups from many countries and territories coming to learn about the investment environment.
In the first 3 months of the year, the whole province of Hung Yen had nearly 300 newly registered enterprises with a total registered investment capital of more than VND 8.2 trillion, an increase of 108 businesses and an increase of more than VND 7 trillion compared to the same period last year. In addition, the province's industrial parks (Industrial Zones) have received 23 new investment projects with a total investment of nearly 130 million USD and more than 1.5 trillion VND. Up to now, the total number of valid investment projects in the province's industrial zones is 658 projects with a total registered investment capital of more than 7.1 billion USD and more than 46.6 trillion dong.
According to the authorities, despite maintaining positive growth momentum, the industry still faces many difficulties and challenges, such as: The military conflict situation in some countries is still complicated; strategic competition between major countries and trade wars are getting fiercer; import-export and foreign investment recovery is still slow, inflation and the trend of tightening monetary and consumer policies along with risks...
Faced with this situation, Hung Yen province has proactively reviewed and grasped the difficulties and problems of enterprises in the province to have appropriate solutions and support; at the same time, urged and created favorable conditions for accelerating the implementation of key industrial projects; paid attention to solving labor problems. Focus on improving the investment and business environment, promoting administrative procedure reform, creating the most favorable conditions for businesses.
In particular, thanks to the effective implementation of the policy of supporting the reduction of value added tax from 10% to 8% for many groups of goods and services; the extension of value added tax, corporate income tax, special consumption tax, personal income tax; reduction of fees and land rents... have created conditions to help many businesses develop production in the new situation.
