In recent years, Hung Yen has stepped up administrative reforms, developed e-government and digital governance, and improved competitiveness and the local business environment.
These efforts have created favourable conditions for new enterprises and boosted investment inflows. Between 2021 and 2025, 14,186 new businesses were established in the province, with registered capital surpassing 200 trillion VND (7.6 billion USD).
The strong flow of investment has been a driving force behind Hung Yen’s economic growth. During 2021–2025, the province’s gross regional domestic product (GRDP) grew at an average annual rate of 9.17%, ranking 4th among 34 provinces and cities nationwide. Local budget revenue stood 8th, while average labour productivity growth ranked 6th.
By 2025, Hung Yen’s GRDP is projected to reach more than 328 trillion VND (12.4 billion USD), 1.73 times higher than in 2020. Meanwhile, state budget revenue in the province is expected to exceed 74 trillion VND (2.8 billion USD).
