Secretary of the Hung Yen Party Committee Nguyen Huu Nghia speaks at the conference.

The province recently held an investment promotion conference in San Francisco city, which saw the attendance of Vietnamese Minister of Foreign Affairs Bui Thanh Son and representatives from Ho Chi Minh City, Hai Phong and Bac Giang, and nearly 70 US firms.

Secretary of the Hung Yen Party Committee Nguyen Huu Nghia, who accompanied President Vo Van Thuong on his trip there for the APEC Leaders’ Week and bilateral activities in the US, briefed the participants on the potential and advantages of Hung Yen, including favorable location, rich cultural and historical values, dynamic economic development, strong infrastructure system, smooth transportation systems, and abundant and young human resources.

Hung Yen's growth strategy is based on three key pillars - industrial development with high, clean, low-carbon and resource-efficient technologies; trade-service development with high added values; and urban economic development based on speeding up urbanization and infrastructure completion, Nghia said.

Chairman of the provincial People's Committee Tran Quoc Van also introduced Hung Yen's strengths in investment attraction, stressing the locality wants to cooperate with US partners in the sale and export of major agricultural products and in the organization of trade promotion events.

The official noted his hope that the US side will help Hung Yen build and roll out projects to improve the province’s capacity of agricultural production and processing.

During the trip, Hung Yen signed cooperation agreements with four US partners in the fields of semiconductors, high-tech industry, farm produce sale and waste treatment.

At a roundtable connecting Vietnamese and US businesses and localities held in San Francisco on November 15, President Thuong and participants witnessed the exchange of cooperation agreement among the People’s Committee of Hung Yen, SaigonTel, and Allotrope Parts on supporting Hung Yen in emission reduction.

Hung Yen has focused on creating a safe, effective and competitive investment environment to turn the locality into a “promising land” for enterprises, particularly foreign investors.

The province has set a goal of becoming an industrial hub and an attractive, safe, competitive investment destination in its development strategy from now to 2023 with a vision to 2045.

It currently counts 17 industrial parks with a total area of nearly 4,395 hectares and will continue to invest in building modern, standard, and harmonious technical infrastructure for the IPs to meet the demand of foreign investors and high-tech industrial projects.

The number of industrial parks in the province is expected to increase in the coming time, reaching 30 industrial parks with 9,540 hectares by 2030.

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