Hung Yen still has plenty of room to thrive, PM says

Prime Minister Pham Minh Chinh attended a ceremony in Hung Yen on July 7 to announce the master plan for the northern province for the period 2021-2030 with a vision until 2050 and promote investment in the locality.

Hanoi (VNA) – Prime Minister Pham Minh Chinh attended a ceremony in Hung Yen on July 7 to announce the master plan for the northern province for the period 2021-2030 with a vision until 2050 and promote investment in the locality.

In his speech, Chinh highly appreciated the master plan, built with a revolutionary mindset and long-term vision, promoting the advantages of the locality and showing the province’s desire to grow and optimize the value of the ancient Pho Hien culture, achieving a new miracle in the new period.

Highlighting the province’s strengths and limitations, the government leader said there was plenty of room for Hung Yen to prosper further.

He asked the locality to focus on mobilizing and effectively using resources to promote traditional growth drivers and create new ones, while strengthening the development of the strategic infrastructure system and stimulating the growth of industries supporting the manufacturing and processing industry and the supply and production chain.

The Prime Minister outlined eight major tasks and solutions for Hung Yen, including significantly improving the local business and investment environment, simplifying administrative procedures and optimizing resources for infrastructure development.

Hung Yen should promote innovation, digital transformation and startups, and accelerate the transformation of its economic structure and growth model toward higher productivity and competitiveness, the leader stressed.

He also reminded the province to pay more attention to Party and political system building and anti-corruption.

The Prime Minister asked relevant ministries and agencies to support Hung Yen by responding to his requests and proposals in a timely and effective manner.

Congratulating investors for choosing Hung Yen as their destination, PM Chinh said he hoped they would operate sustainably in the province and contribute more to local growth in the spirit of “harmonized interests and shared risks.”

The master plan was approved by the Prime Minister in June, with the overall goal of transforming Hung Yen into a modern industrial province with rapid and sustainable development, entering the group of the country’s top localities in terms of economic scale and growth level.

Specifically, the province’s GDPR is expected to grow by 9% annually, with GDPR per capita reaching VND287 million (USD11,291) by 2030.

According to the master plan, the total social investment during the 2021-2030 period is expected to reach about VND700 trillion, while its export revenue is expected to reach $12-13 billion per year by 2030, with a growth rate of 8.5-9 percent per year during the 2021-2030 period.

By 2050, Hung Yen aims to become a centrally managed city.

At the event, Hung Yen leaders introduced participants to the province’s traditional culture, history, potential, advantages, development potential and directions as well as growth expectations, while calling for investments in various fields including high-tech, education and training, healthcare, renewable energy and logistics.

On this occasion, Hung Yen granted investment licenses and policy approval decisions for 24 projects with a combined capital of more than US$1.15 billion to domestic and foreign investors.