Impressive domestic investment inflows into Hai Duong province

Destination for major projects

On January 22, Deputy Prime Minister Tran Hong Ha signed a decision approving a project to build and trade in Kim Thanh 2 industrial park infrastructure (phase 1) in Hai Duong province.

Hung Yen Investment and Development Group JSC. is the investor of the project, covering an area of 234.63 ha across Dai Duc and Tam Ky communes in Kim Thanh district.

Total investment in the project stands at 3.403 trillion VND, of which the investor's equity contribution is 513.85 billion VND.

Once completed and operational, Kim Thanh 2 industrial park is expected to attract major enterprises from Asia and Europe, meet the demand for industrial production investment and development, accelerate industrialization, and generate jobs for the local workforce.

To date, site clearance for the entire agricultural land in phase 1 has been basically completed. The investor is preparing to break ground this July.

In late February, the provincial People’s Committee also approved a logistics center project in Minh Hoa commune, Kinh Mon town.

The project will be carried out on an area of over 36 ha by Duc Duong Co., Ltd., with total investment exceeding 1.687 trillion VND. Construction is scheduled to start in July and be completed by the fourth quarter of 2027.

The project aims to establish a logistics center providing high-quality services such as delivery, warehousing, customs procedures, and support for container ports, imports, exports, agricultural products, and bulk materials.

In April, the provincial People’s Committee approved a new urban area and golf course project in Lien Hong ward, Hai Duong city, with total investment exceeding 11 trillion VND, one of the largest investment projects in the province from the beginning of the year.

The project is expected to create hundreds of direct jobs, contributing to higher income and improved living standards for local residents.

Addressing bottlenecks

According to the Department of Finance, by the end of June, total registered domestic investment in Hai Duong was estimated at over 14 trillion VND, up 85.2% from the same period in 2024.

This included 10 trillion VND from 23 newly approved projects and more than 4 trillion VND added to 117 existing ones.

The new investment projects spanned multiple sectors, notably industry, services, trade, infrastructure of industrial parks and clusters, and processing.

The strong increase in domestic investment reflects extraordinary efforts of Party committees and authorities at all levels in Hai Duong. The province is not only an appealing destination but also a place where investors seek long-term engagement.

Hai Duong is also developing a plan to realize the Politburo’s resolution on private sector development.

Recognizing administrative reform as a major bottleneck in attracting investment, the province has taken specific measures, with special importance attached to improving the quality of administrative procedures, enhancing publicity and transparency in processing business-related paperwork.

By the end of June, Hai Duong had halved the processing times of over 140 administrative procedures related to business and production activities in line with the Prime Minister’s directive.

Thanks to these persistent efforts, Hai Duong’s Provincial Competitiveness Index rose by three places in 2024, ranking 14th nationwide.

The province currently has 18 industrial parks with a total planned area of approximately 2,973.3 ha. Of these, 12 parks are operational, and 6 are under site clearance and expected to start attracting investment projects from the third quarter of 2025.

VY HOA