Hung Yen rises in a new era

Hung Yen has been demonstrating positive momentum by continuously improving governance quality, listening to businesses, and addressing their challenges. At the same time, the implementation of the Politburo’s strategic resolutions, particularly Resolution No. 68-NQ/TW on private sector development, is creating significant opportunities for the province to achieve stronger breakthroughs in the years ahead.

Amid this new phase of development, Hung Yen is focused on enhancing governance quality while reinforcing the confidence of businesses and investors. The local government's commitment to partnership, responsiveness, and decisive action, especially the leadership role of senior officials, has become a crucial foundation for enterprises to invest with confidence and expand their operations.

Mr. Pham Gia Tuc, Member of the Politburo and Standing Deputy Prime Minister (fifth from the left), and Tran Hong Minh, Minister of Construction (fourth from the right), joined the Standing Committee of the Hung Yen Provincial Party Committee and representatives of the project projects in the groundbreaking ceremony for a rental housing project in Pho Hien Ward, Hung Yen Province, on June 28, 2026.

Trust built through action

According to Mr. Nguyen Manh Quyen, Deputy Secretary of the Hung Yen Provincial Party Committee and Chairman of the Hung Yen Provincial People's Committee, the confidence of businesses and investors cannot be built on promises alone; it must be earned through concrete and consistent actions in governance.

This message reflects the core of Hung Yen's development vision: the local government should not merely act as a regulator, but as a facilitator, service provider, and trusted partner of the business community.

A truly attractive investment environment is measured not only by the number of projects or the scale of capital inflows, but also by businesses' day-to-day experience in dealing with public administration.

With this in mind, Hung Yen is building a service-oriented government that places the satisfaction of citizens and businesses at the heart of its governance. Administrative procedures are being reviewed and streamlined, while digital technologies are being widely adopted to enhance transparency, shorten processing times, and reduce compliance costs for businesses.

A notable feature of Hung Yen's governance approach is the province's commitment to maintaining regular and direct dialogue with the business community, enabling local leaders to stay informed about production and business activities while promptly addressing emerging challenges.

According to Mr. Nguyen Manh Quyen, Chairman of the Hung Yen Provincial People's Committee, the province is committed to ensuring that businesses' difficulties are not left unresolved, thereby preventing disruptions to investment and business operations.

The No. 02 Hung Yen Industrial Park project, developed by Hoa Phat Group, officially broke ground on June 2, 2026. The project is expected to create new momentum and strengthen Hung Yen's industrial development.

This commitment is particularly significant at a time when businesses are facing mounting market pressures. An investment proposal that is acknowledged but not acted upon promptly can result in missed opportunities. Likewise, prolonged administrative procedures may delay project implementation, increase financing costs, and undermine investor confidence. Ultimately, administrative reform delivers real value only when it translates into faster processing times, greater transparency, and clear accountability across government agencies.

Unlocking the potential of the private sector

Alongside administrative reform, the implementation of Resolution No. 68-NQ/TW on private sector development is creating a new policy framework for Hung Yen to unlock and mobilize the country's social and economic resources.

The Resolution clearly affirms the role and importance of the private sector as a key driver of the national economy. For Hung Yen, it provides a strategic direction that calls for a renewed approach to supporting and engaging with the business community.

Mr. Nguyen Manh Quyen, Deputy Secretary of the Hung Yen Provincial Party Committee, and Mr. Nguyen Le Huy, Standing Vice Chairman of the Hung Yen Provincial People's Committee, present Certificates of Merit from the Hung Yen Provincial People's Committee to businesses that have made outstanding contributions to the province's socio-economic development, on March 20, 2026.

According to Mr. Nguyen Le Huy, Standing Vice Chairman of the Hung Yen Provincial People's Committee, the province is focusing on removing the bottlenecks that businesses commonly encounter throughout the investment and production process, particularly in accessing land, financing, administrative services, and market entry.

These are issues that directly affect the vitality of the private sector. Businesses may have innovative ideas, advanced technologies, and market opportunities, but without access to production sites, they cannot scale up their operations. Likewise, companies with strong order books but inadequate financing are unable to translate opportunities into sustainable growth. Excessive administrative procedures and high compliance costs also weaken incentives for long-term investment.

At the same time, removing barriers must go hand in hand with strengthening the internal capabilities of businesses.

Hung Yen is promoting programs that help enterprises enhance corporate governance, adopt new technologies, accelerate digital transformation, and pursue green and sustainable development. This is a necessary shift, as business competitiveness in the new era depends not only on product pricing but also on the quality of governance, capacity for innovation, regulatory compliance, and the ability to meet international standards.

Leaders of the Hung Yen Provincial Party Committee and the Hung Yen Provincial People's Committee, together with H.E. Ito Naoki, Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam, visit exhibition booths at the Hung Yen–Japan Business Connectivity Program on June 3, 2026.

The province is also placing greater emphasis on fostering entrepreneurship and innovation, creating favorable conditions for startups and young enterprises to thrive. A dynamic economy cannot rely solely on established businesses; it also requires a new generation of enterprises willing to experiment with innovative business models, technologies, and ways of operating.

At the same time, while continuing to support small and medium-sized enterprises (SMEs), Hung Yen is seeking to attract leading corporations with the capacity to drive growth and generate broader economic spillover effects. The objective is not merely to increase the number of large-scale investment projects, but also to strengthen linkages between major investors and local businesses, gradually developing integrated supply chains and increasing the value created within the province.

When large enterprises create market opportunities, small and medium-sized businesses are better positioned to become suppliers. As companies participate in integrated value chains, technology, management expertise, and production standards are shared more widely across the local economy.

This is how investment attraction can be transformed into endogenous growth capacity, turning short-term economic gains into a solid foundation for long-term, sustainable development.