Hung Yen
Northern Vietnam's emerging FDI hub—$3.5B in Thang Long II, Trump $1.5B resort groundbreaking, PCI top 10 first time (2024), 60km from Hanoi.
Hung Yen emerged as northern Vietnam's newest FDI magnet—top 10 nationally for investment attraction. Thang Long II Industrial Park (Sumitomo Corporation) hosts 110 projects with $3.5 billion registered capital as of August 2024. Japan leads with $3.6 billion across 147 projects; China and South Korea contributed $957 million and $650 million respectively.
The Trump International Hung Yen project broke ground May 2025—Trump Organization's first Vietnam venture, $1.5 billion in golf, villas, and resort development in Khoai Chau District. Hyundai, Canon, Toto, Inax, Dorco, and Sumitomo operate manufacturing plants. Pho Noi B Textile & Garment Industrial Park anchors bonded logistics zones supporting rapid shipping.
Located 60 km from Hanoi with 4,400 hectares of industrial parks (expanding to 30 parks by 2030), Hung Yen cut administrative processing times 30%+ while entering the PCI top 10 for the first time in 2024. The eastern expressway corridor cooperation links to Hai Phong, Quang Ninh, and Hai Duong. By 2026, Hung Yen tests whether Red River Delta proximity can convert into sustained FDI leadership.