This is an annual activity of significant importance, reflecting the province’s strong commitment to the business community – a core driver of local economic growth.

The meeting with businesses and investors, held on March 20, 2026, brought together representatives from the Ministry of Finance, the Ministry of Industry and Trade, the Ministry of Agriculture and Environment; the Vietnam Chamber of Commerce and Industry; the Vietnam Association of Small and Medium Enterprises, along with more than 400 outstanding enterprises representing businesses, entrepreneurs, and investors in the province.

The meeting attracted strong interest from the business community in Hung Yen Province.

Development orientation for the new phase

Speaking at the event, Nguyen Huu Nghia, Secretary of the Hung Yen Provincial Party Committee, said that in 2025, the province’s GRDP growth reached an estimated 8.78% compared to 2024, ranking 10th among 34 provinces and cities. GRDP per capita reached VND 99 million, up 11.23%.

The province mobilized substantial resources for development investment and attracted large-scale FDI projects with modern technologies, thanks to administrative reforms, improvements in the business environment, and enhanced provincial competitiveness. Efforts were also made to identify and remove bottlenecks across sectors and localities while promoting investment attraction.

A memorandum of understanding (MoU) signing ceremony between Hung Yen Province and foreign investors, with a total registered capital of nearly USD 5 billion.

Socio-economic infrastructure, especially transport, industrial, and urban systems, has been developed in a synchronized manner with many large-scale, driving projects. Local governance has operated smoothly, while policies have been introduced to encourage investment in science, technology, innovation, and digital transformation. Social welfare has been ensured, and people’s living standards have continued to improve.

The province has also successfully held its first Party Congress for the 2025–2030 term, setting a vision to become a leading modern industrial province, a strong northern coastal economic hub, and a centrally governed smart and eco-friendly city in the coming decades, with a target GRDP growth rate of 10–11% annually during 2026–2030. The province aims for its GRDP to reach approximately VND 600 trillion by 2030.

Nghia emphasized that achieving these goals requires strong efforts from all levels and sectors, with businesses playing an increasingly critical role. He encouraged enterprises to enhance self-reliance, innovation, digital transformation, and sustainable development, while also fulfilling environmental and social responsibilities.

He reaffirmed that provincial authorities will continue to accompany businesses by improving policies, reforming administrative procedures, and maintaining a transparent and favorable investment environment, while proactively addressing difficulties faced by enterprises.

Removing obstacles, accompanying development

At the conference, Nguyen Duc Tai, Director of the provincial Department of Finance, noted that five enterprises had submitted 10 recommendations, all of which were addressed by relevant departments, with official responses sent directly to businesses.

By March 15, 2026, the department had received an additional 16 recommendations from 16 enterprises through the provincial business association. Due to time constraints, these will be addressed after the conference. Issues beyond provincial authority will be escalated to central ministries and agencies for resolution.

The vital role of the business community

Representing the business community, Do Van Ve, Chairman of the Hung Yen Business Association, expressed sincere appreciation for the province’s consistent support and engagement with enterprises.

Leaders of the provincial Party Committee and People’s Committee present Pho Hien Cup awards to outstanding enterprises.

He noted that the association had compiled 19 recommendations, many of which have already been addressed, while others are under review. This demonstrates the province’s responsiveness and commitment, strengthening business confidence.

The province currently has around 35,000 operating enterprises, contributing approximately 55% of GRDP, 45% of domestic budget revenue, and creating jobs for over 700,000 workers—clear evidence of the business sector’s critical role.

Many local enterprises have grown significantly, expanded into regional and global markets, and built reputable brands, contributing to global supply chains. The province targets around 45,000 enterprises by 2030 and 100,000 by 2045.

However, businesses continue to face challenges such as overlapping administrative procedures, particularly in land, investment, and construction; limited access to land and production space; high logistics costs; and difficulties for SMEs in accessing capital. There is also a shortage of high-quality human resources amid increasing technological and managerial demands.

Do Van Ve, Chairman of the Hung Yen Business Association, proposes solutions to address business challenges.

Additionally, some enterprises in industrial zones are nearing the expiration of their land leases without alternative arrangements, affecting production stability and expansion.

The association proposed solutions including improving policies for private sector development in line with Resolution 68, accelerating transport and logistics infrastructure, expanding industrial zones, and creating clean land funds.

It also called for enhanced trade promotion, support for export expansion, and policy measures such as tax and fee reductions, interest rate support, and debt restructuring for businesses affected by global energy disruptions.

Notably, the association recommended implementing the DDCI index to improve governance quality, promote administrative reform, and enhance the business environment. The business community pledged compliance, innovation, digital and green transformation, and sustainable development.

Government accompanying businesses

In his closing remarks, Pham Quang Ngoc, Chairman of the Hung Yen People’s Committee, stated that in 2025, the province attracted 363 new investment projects and 270 capital expansion projects, totaling approximately VND 207 trillion and over USD 2.38 billion.

To date, Hung Yen has nearly 3,100 domestic projects with total registered capital of about VND 780 trillion and 941 FDI projects with total capital of nearly USD 17.26 billion.

Investment commitments from major investors in 2026 exceed VND 201 trillion, with nearly VND 30 trillion expected to be disbursed.

These results, he emphasized, are due not only to the efforts of the political system but also to the significant contributions of the business community, which has overcome economic challenges and continued to drive growth.

He reaffirmed that enterprises are at the center and a key driving force of socio-economic development. The province is committed to accompanying businesses, addressing their difficulties in a practical and timely manner, and considering business success as the province’s success.

Honoring outstanding enterprises

A highlight of the conference was the recognition of outstanding enterprises and entrepreneurs for their contributions to the province’s development. Many were awarded the Pho Hien Cup, certificates of merit, and commemorative medals in recognition of their achievements.

The 2026 business meeting clearly demonstrates the spirit of “government accompanying businesses,” serving as a strong impetus for Hung Yen to continue its breakthrough development and contribute to the country’s overall growth.