Yen My II Industrial Park - Hung Yen
- Investor: HOA PHAT URBAN DEVELOPMENT AND CONSTRUCTION JOINT STOCK COMPANY
- Price: 50 USD/m2
- Area: 313.5 Ha
Hung Yen Province is located in the Red River Delta region of Vietnam, known for its rich historical and cultural heritage. The province covers an area of approximately 923 square kilometers and is home to a population of over 1.2 million people.
With its favorable geographic location, Hưng Yên has a strategic position for economic development. The province is well-connected to major transportation routes, including highways, railways, and waterways, facilitating trade and commerce. It is also close to Hanoi, the capital city of Vietnam, which further enhances its economic potential.
Hưng Yên is renowned for its traditional craft villages, which have been thriving for centuries. These villages specialize in various handicrafts such as silk weaving, pottery, and carpentry. Visitors can immerse themselves in the traditional craftsmanship and witness the skillful hands of the artisans.
The province is also proud of its historical sites and landmarks. The Hưng Temple, dedicated to the legendary national hero Hưng Kings, attracts numerous pilgrims and tourists every year. The temple is a symbol of national pride and serves as a reminder of Vietnam’s rich history.
The administrative center of Hưng Yên Province is the city of Hưng Yên, located approximately 54 km southeast of the capital city, Hanoi. It is 50 km southwest of Hải Dương city and around 93 km from the center of Hải Phòng city.
To the east, Hưng Yên borders Hải Dương Province. To the west, it shares boundaries with the capital city, Hanoi, and Hà Nam Province. The southern border is adjacent to Thái Bình Province, while the northern border is connected to Bắc Ninh Province.
The extreme points of Hưng Yên Province are as follows:
– The northernmost point is in Phả Lê hamlet, Việt Hưng commune, Văn Lâm district.
– The easternmost point is in Hạ Đồng hamlet, Nguyên Hòa commune, Phù Cừ district.
– The southernmost point is in An Châu hamlet, Hoàng Hanh commune, Hưng Yên city.
– The westernmost point is in Xâm Hồng hamlet, Thắng Lợi commune, Văn Giang district.
Hưng Yên Province is situated in the heart of the North Delta region and is part of the key economic zone in northern Vietnam. It is one of the two provinces in the region that is completely flat without any forests or mountains. Hưng Yên does not have a coastline but benefits from its uniformly leveled terrain, which is favorable for transportation and production.
The central point of the North Delta region is located in Dung hamlet (Thiên Xuân), Hưng Đạo commune, Tiên Lữ district.
Hưng Yên falls within a subtropical humid climate zone, characterized by four distinct seasons: spring, summer, autumn, and winter. The rainy season lasts from late April to October each year, accounting for over 80% of the total annual rainfall.
The province spans an area of 930 square kilometers, larger than Hà Nam and Bắc Ninh provinces. The average annual rainfall ranges from 1,450 to 1,652 mm. The average temperature is 23.2 °C, and the number of sunlight hours per year ranges from 1,550 to 1,650 hours, gradually increasing from south to north. And the average relative humidity is between 85% and 87%.
These details provide an overview of Hưng Yên Province’s geographical and climatic characteristics, showcasing its flat terrain, distinct seasons, and climatic conditions.
In 2022, Hưng Yên Province experienced a growth rate of 13.4% in Gross Regional Domestic Product (GRDP), with industrial production increasing by 10.5%, construction by 41.52%, trade and services by 19.32%, and agriculture and aquaculture by 2.5%.
The labor structure consists of 21% in agriculture, forestry, and fisheries, 47% in industry and construction, and 32% in trade and services.
The economic structure comprises 7.49% in agriculture, forestry, and fisheries, 63.91% in industry and construction, and 28.6% in services. Product taxes excluding subsidies account for 6.7%.
Per capita GRDP reached 102.3 million VND, showing a 16% increase compared to 2021.
The export turnover amounted to 6.3 billion USD.
The province has 104 markets, 24 supermarkets, and two commercial centers under construction.
The budget revenue in 2022 reached 50.85 trillion VND, surpassing the estimated target by 260% and marking a 2.67-fold increase compared to 2021. The total development investment capital amounted to 57.6 trillion VND, representing a 46% growth.
Hưng Yên Province ranks 39 out of 63 provinces in the Consumer Price Index (CPI), 5 out of 63 in the Provincial Governance and Public Administration Performance Index (PAPI), 12 out of 63 in the Provincial Administration Reform Index (PARINDEX), and 3 out of 63 in the Satisfaction Index of Public Administration Services (SIPAS).
The province successfully completed the program for building new rural areas in 2020. Currently, there are five recognized model new rural residential areas.
The urbanization rate reached 41.5%. The poverty rate stands at 1.3% according to the multidimensional poverty line for the 2016-2020 period and is projected to be 1.8% for the 2021-2025 period. Among the impoverished households, 94.4% have solid housing, while 5.5% have semi-solid housing.
The average housing area per person is 28 square meters.
Hung Yen, a rapidly growing industrial province in the North, has a wide range of industries. It has 18 planned industrial zones, covering nearly 5,000 hectares. Seven of these zones are already operational: Pho Noi A IZ, Thang Long 2 IZ, Pho Noi B Textile IZ, Minh Quang IZ, Minh Duc IZ, Viglacera Yen My IZ, and Yen My 2 IZ. Several other zones are currently under construction, such as Ly Thuong Kiet IZ, Tan Dan IZ, Kim Dong IZ, Clean Industrial Zone, IZ No. 3, and IZ No. 5. The province also has planned 40 industrial clusters across 1,700 hectares.
Hung Yen’s industrial products span textiles, leather shoes, automobiles, motorcycles, electronics, consumer goods, food industry, precision engineering, and construction steel. The focus is on developing the industrial and service sectors.
As of June 2022, there were over 211 foreign direct investment (FDI) enterprises with 515 registered investment projects totaling $6,099.5 million. This includes 268 second-tier investment projects with a registered capital of $5,067 million and two infrastructure investment projects in IZs with a capital of $298 million. The leased land area for second-tier FDI projects is 545 hectares. Currently, 20 countries and territories have investment projects in the province’s IZs. Japan leads with 142 projects and a registered capital of $3,526.3 million, followed by South Korea with 48 projects and a capital of $618.4 million. China ranks third with 28 projects and a capital of $356.2 million. Hong Kong and Singapore also have significant investments. The total employment in FDI enterprises is approximately 60,000.
Hung Yen province currently hosts over 8,324 active enterprises with a registered capital of around 156,199 billion VND [3], generating revenue exceeding 400,000 billion VND. On average, there are 6.5 enterprises per 1,000 people, employing a total of 221,557 workers. The average monthly income of employees in these enterprises is over 8.7 million VND.
The province faces economic disparity, hindering investment and development. However, improvements are underway. Highway 5B, an advanced 8-lane road, connects Thanh Tri Bridge to Hai Phong, benefiting Van Giang, Yen My, and An Thi districts. Key routes like Tan Phuc-Vong Phan and Hanoi-Hung Yen interprovincial roads are being upgraded. The Heritage River connection road, Provincial Road 376, and National Highway 38B also contribute. Moreover, connecting the Hanoi-Hai Phong Highway to the Cau Gie-Ninh Binh Expressway will promote balanced economic development.
The province boasts numerous modern urban areas like Ecopark, Vinhomes Ocean Park 2 The Empire, and V-GreenCity Pho Noi. Additionally, there are ongoing projects such as Xuan Cau Urban Area and Sen Ho 1&2 Ecological Urban Area. These developments are transforming the province’s urban landscape.
In the northern part of the province, dynamic industrial and emerging urban areas are emerging. Future modern urban zones will include My Hao Town, Van Giang, Van Lam, and Yen My, housing major industrial and urban centers. Urbanization is rapidly progressing, with a rate of 41.5% by the end of 2021.
As of December 31, 2021, the province has an area of 930.20 km² and a population of 1,284,600 people. The urban population is 213,600 (16.63%), while the rural population is 1,071,000 (83.37%). The male population is 644,100, and the female population is 640,400. The population density is 1,381 people/km², ranking fourth in the country after Ho Chi Minh City, Hanoi, and Bac Ninh.
Khoai Chau district has the largest population with 189,070 people, while Van Lam district has the highest population density of 1,805 people/km².
When the province was reestablished in 1997, the proportion of the population engaged in agriculture was high, estimated at 50-55%. However, this proportion has been rapidly changing due to the faster development of industry and services. The estimated proportion of the population engaged in agriculture in 2008 was around 40-45%, industry 45%, and services 13%. In 2010, industry accounted for 48.12%, and by 2015, it increased to 48.98%. In 2018, industry and construction accounted for 51.56%, while trade and services accounted for 37.86% of the province’s economic structure. And in 2018, the proportion of the population engaged in agriculture was only 10.58%. The urban population accounts for 44%, while the rural population accounts for 56%. The literacy rate is 99%, and the proportion of laborers aged 15 and above who have undergone training is 26.7%. The unemployment rate is 2.67%.
The natural population growth rate is 10.8%. The birth rate is 2.43 children per woman, and the average population growth rate is 1.11%. The average immigration rate is 4.74%, and the emigration rate is 3.94%, resulting in a net migration rate of 0.78%.
Over 98% of the population aged 15 and above is literate. The labor force aged 15 and above is 680,500, accounting for 52% of the population.
As of April 1, 2019, the province had 40,858 people practicing five different religions. The largest religious group is Catholicism with 26,226 followers, followed by Buddhism with 4,556 followers. The other religions include Protestantism with 72 followers, Islam with 3 followers, and Hoa Hao Buddhism with 1 follower.
