Project

Hung Yen develops industrial parks to attract investment

Published

21 hours ago

March 16, 2025

In 2024, Hung Yen Province attracted a record of nearly 4 billion USD in domestic and foreign investment, significantly contributing to the province’s industrial development efforts. The province aims for economic growth targets of 8% or higher in 2025 and beyond.

Hung Yen borders Hanoi and has an advantageous transport infrastructure with connections to seaports, airports and major urban centres. To leverage these strengths, the province is focusing resources on building industrial park infrastructure to attract investment.

Building technical infrastructure for industrial parks

At the Industrial Park No. 3 construction site, workers are rushing to complete the technical infrastructure. Nguyen Cong Hong, General Director of TDH Ecoland, said, “To overcome difficulties, Hung Yen established a steering committee for site clearance of key projects, making this process smoother. Within a short time, all 160 hectares of Industrial Park No. 3 was handed over to the investor.”

Immediately after the land was cleared, TDH Ecoland and its partners focused on building technical infrastructure. In less than a year, Industrial Park No. 3 has essentially completed its technical infrastructure and begun operations. With its advantageous location adjacent to the Hanoi-Hai Phong Expressway, and particularly the policy of one-time land rental payments, it has drawn many FDI investment projects.

Hung Yen Province occupies a strategic position in the Northern Key Economic Region, bordering Hanoi, with convenient transport infrastructure, including the Hanoi-Hai Phong Expressway, National Highways 5, 38, 39, and Hanoi’s Ring Road 4, connecting to seaports, airports and major northern urban centres. To capitalise on these advantages and create breakthrough economic development, the province has consistently focused on industrial park infrastructure development to attract investment.

Vu Quoc Nghi, Head of the Hung Yen Industrial Parks Management Board, shared that to create favourable conditions for industrial park infrastructure construction, since 2021, the Provincial Party Committee Standing Board issued a directive on site clearance for infrastructure projects and a decision on establishing a steering committee for key projects during the 2021-2025 period, led by the Provincial Party Secretary. The province has mobilised the entire political system to persuade residents to agree to hand over land for socio-economic development projects.

The steering committee for key projects meets monthly to review site clearance progress and issues directives to promptly resolve difficulties and obstacles. Consequently, between 2021 and 2024, the province cleared nearly 1,300 hectares of land for industrial park infrastructure development, almost triple the total area from 2015 to 2020.

Industrial park developers have accelerated construction and invested in comprehensive technical infrastructure. In 2024, approximately 620 hectares of land were developed, nearly double from 2023, which brings the total area of industrial parks with technical infrastructure to about 2,500 hectares, representing 89% of the total area, with approximately 540 hectares remaining available for lease. Many industrial parks have become operational and attracted investment, notably the Thang Long II Industrial Park expansion, Industrial Park No. 3, Industrial Park No. 5, and the Clean Industrial Park.

Integrated industrial park infrastructure has facilitated effective investment attraction. In 2024, Hung Yen Province received 86 projects, a 33% increase from 2023, with a total registered capital of 772 million USD and 11.6 trillion VND.

The industrial parks have attracted many large high-tech projects. Notable examples include Nitto Vietnam’s 132 million USD project to manufacture LCD polarising films for smartphones and automobiles, Molex Vietnam’s 128 million USD project to produce optical cables and high-speed connection cables, and Arizon Vietnam’s 67.5 million USD project manufacturing RFID labels.

Creating momentum for breakthrough growth

According to the Prime Minister’s decision on industrial park development planning to 2030 with a vision for 2050, Hung Yen Province will have 35 industrial parks with a total area exceeding 12,000 hectares. Currently, the province has 12 industrial parks covering more than 3,123 hectares. Of these, 10 industrial parks (approximately 2,773 hectares) are operational and accepting secondary investment projects.

Hung Yen Party Secretary Nguyen Huu Nghia shared that 2024 was a record year for the province’s investment attraction, with 180 projects totalling over 61 trillion VND and more than 1.5 billion USD. To date, the province has 2,371 active projects (1,755 domestic and 616 foreign) with total registered capital exceeding 370 trillion VND and over 8.5 billion USD.

This achievement is significantly owed to the industrial parks’ contribution to attracting investment and helping drive high and stable economic growth for the province. In 2024, the province’s economy grew by 7.7% to 159.8 trillion VND and GDP per capita reached 121.3 million VND, up 8.8 million VND compared to 2023.

To achieve breakthrough development strategic goals, Nghia stated that the province is determined to pursue a new growth model based on pillars, including the enabling role of government, focusing on promoting strong digital transformation, continuously improving institutions, investment environment, business climate and competitiveness, and strengthening the leading role of public investment.

Simultaneously, the province will establish an ecosystem for clean, high-tech industrial development with selective new investment attraction policies that prioritise scale, modern technology, and environmental protection.

Hung Yen is also accelerating urbanisation, developing large, smart, ecological urban areas linked with modern trade and services development, improving provincial competitiveness, and creating favourable conditions for businesses and investors to have equal access to information, business opportunities, investment and land.

Hung Yen leaders regularly maintain contact and dialogue with businesses to promptly identify and address difficulties and obstacles facing them, strengthen investment and trade promotion activities, promote potential and business opportunities, and build the province’s brand and image domestically and internationally.

In the coming period, the province will focus on reviewing and updating land use plans for industrial parks to be developed according to the master plan and adding newly established industrial parks to the list of provincial key projects.

Provincial functional agencies have been directed to accelerate compensation, site clearance and land handover to industrial park investors for technical infrastructure construction and project reception.

They are also increasing the implementation pace of approved industrial park infrastructure investment projects, striving to have approximately 2,000 hectares of cleared land ready for lease by the end of 2025.

The province aims to have 30 industrial parks (9,588 hectares) by 2030 and 35 (over 12,000 hectares) by 2050, transforming Hung Yen into one of Vietnam’s strongest industrially developed provinces.

Project

Taiwan’s electronics firm Good Way Technology to invest $15 mln more in Vietnam

Published

25 minutes ago

March 17, 2025

Industrialzone.net

Good Way Technology, a Taiwan-based original design manufacturer (ODM) specialized in computing and mobile peripherals, will invest $15 million more in Vietnam.

In a recent filing with the Taipei Exchange (TPEx), Good Way Technology said it would invest $15 million in Good Way Cayman and then reinvest the entire amount in its sub-subsidiary Good Way Technology Vietnam.

The construction site of Good Way Technology factory in Thai Binh province, northern Vietnam. Photo courtesy of Lao Dong (Labor) newspaper.

The purpose of the move is “long-term investment,” according to the filing.

Good Way Technology Vietnam received an investment certificate for the project in October 2023. In February 2024, it kicked off the construction of a $45 million factory in the northern province of Thai Binh.

The factory, located in the Lien Ha Thai Industrial Park, will manufacture peripheral devices like USB connectors for computers. It will have an annual capacity of 3.7 million items.

Construction of the project’s first phase is scheduled for completion in Q3/2024, enter trial production the next quarter and start official production in Q1/2025.

Corresponding times for the second phase will be Q4/2026, Q1/2027 and Q2/2027.

Project

Winner Medical Sells Over 12.9 Billion 100% Cotton Face Towels in 2024

Published

1 hour ago

March 17, 2025

Industrialzone.net

In an extraordinary achievement, Winner Medical has reached a significant milestone by selling over 12.9 billion pieces of its innovative Winner 100% cotton face towels globally in 2024.

NEW YORK, March 15, 2025 /PRNewswire/ — In an extraordinary achievement, Winner Medical has reached a significant milestone by selling over 12.9 billion pieces of its innovative Winner 100% cotton face towels globally in 2024. These ultra soft face towels are designed to improve skin health and have proven effective in reducing allergies and redness within just four weeks of use. This solidifies the company’s position as the pioneer of 100% cotton face towels globally.

Part of this sales growth stems from a shift in consumer habits. A study found that 71% of people experience sensitive skin to some extent. Increasing awareness of sensitive skin issues in many countries, including the US, has boosted demand for products designed for sensitive skin. This trend includes a shift towards using gentle cleansing products and supplies. As a result, traditional towels, now often perceived as breeding grounds for millions of microbes even when they appear clean, are being replaced by softer cotton towels that are gentler on sensitive skin.

100% Cotton Disposable Face Towel, Ultra Clean, Ultra Soft.

Winner Medical’s patented cotton spun-lace nonwoven technology, derived from advanced medical innovations, is the key to creating the Winner 100% cotton face towels. The exclusive use of natural cotton fibers further enhances the quality of the face towels, delivering a gentle and refreshing face-cleansing experience to users.

Renowned for their exceptional moisture, softness and absorption, natural cotton-made face towels serve as an eco-friendly alternative to synthetic materials and paper products, which often contribute to deforestation. This sustainable choice ensures that quality remains uncompromised, offering superior skincare benefits while being biodegradable and environmentally friendly.

Each Winner 100% cotton face towel provides an ultra-soft experience. The indulgence of pure cotton gently caresses the skin, ensuring a refreshing and gentle cleanse with every use, which has garnered acclaim for its effectiveness in improving skin conditions such as dryness and irritation.

Professional Assessments and Customer Feedback Validate Performance

Professional evaluations have underscored the efficacy of the Winner 100% cotton face towels. Clinical report from PULYN Research institute reveals substantial enhancements following the use of the product. Notably, after four weeks (or 28 days) of use, there is a reduction in skin damage, exceeding 33%, alongside a decrease in irritation scores by around 30%. The improvement rate for redness is particularly impressive, standing at 84%, while dryness scores show an enhancement of over 72%. These statistics underscore the product’s potential to enhance skincare routines, offering a more effective approach to addressing common concerns during skin cleansing.

In addition to professional evaluations, consumer feedback reflects high satisfaction levels.

Users have praised the performance of these disposable face towels, noting their thickness and ease of use, which help prevent bacterial contamination post-wash—crucial for acne-prone skin types. Another long-term user commended that the extra-large size ensures comprehensive coverage for cleansing while highlighting the towel’s soft texture that efficiently removes impurities without harshness.

As Winner Medical continues to innovate within the healthcare sector, its focus remains on providing products that combine sustainability with high efficiency. The company anticipates maintaining growth trends as more consumers become aware of the benefits offered by using all-natural, single-use cotton face towels.

Project

The trend of green industrial parks in Vietnam

Published

2 hours ago

March 17, 2025

Industrialzone.net

After nearly 30 years, industrial parks in Vietnam have made a major contribution to the country’s economic development. However, industrial parks have not paid much attention to green and sustainable development to reduce the negative impacts on the environment.

Green and sustainable development requires industrial parks to take measures to encourage the enterprises that they host to switch to clean, environmentally friendly and resource-efficient manufacturing.

But industrial parks across the country are still struggling with how to reach a balance between economic benefits and the environment due to numerous obstacles.

Identifying bottlenecks

Industrial parks are playing an important role in diversifying investment in infrastructure development, manufacturing, and business, and are attractive destinations for both domestic and foreign investors.

Green, clean and ecological industrial parks are an inevitable trend around the globe. The development of sustainable industrial parks commences from industrial ecology and the transition from the linear economic model to the circular economy, in which the waste and byproducts of an enterprise become the inputs for another one’s production process.

These are urgent and mandatory requirements for the manufacturing sector to develop sustainably, helping to realise Vietnam’s goal of net zero emissions by 2050. To meet these requirements, the government and enterprises need to join hands since financial resources and regulations are the current bottlenecks to the transition.

Tran Thi To Loan, Deputy Director of Sao Do Investment Group, owner of Hai Phong-based Nam Dinh Vu Industrial Park, said cost is the biggest hurdle to the transition from conventional industrial parks to sustainable ones. She noted that the two models are fundamentally different in terms of approach, goal, and environmental and social impacts; one only focuses on maximising profits and economic growth with a low spending on the environment, while the other is designed and managed with the combined goals of economic development, environmental protection, and social responsibility.

A green, ecological and sustainable industrial park requires synchronous investment from the start with a huge cost. But most industrial parks in Vietnam are developed in a rolling process, so they are not truly environmentally friendly and resource-saving.

Legal bottlenecks and unclear regulations also make it difficult for changing the model of industrial parks in Vietnam. Loan stated that if regulations are not specified, it is difficult to encourage enterprises to change.

Associate Professor Nguyen Quang Tuyen from the Hanoi Law University shared the same view that the current legal network lacks specific regulations on developing sustainable industrial parks. In addition, there are too many laws governing the operation of industrial parks, which also discourages many enterprises.

Prioritising green and ecological industrial parks

Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Nguyen Quang Vinh said building sustainable industrial parks will bring many substantial benefits, not only economic, but also environmental and social.

Specifically, it will reduce the environmental impact, save energy and resources, increase innovation and cooperation, enhance reputation and brand image, create a better working environment in industrial parks, and offer many benefits to the community.

However, enterprises’ awareness about this matter remains weak, with up to 50% of surveyed enterprises in industrial parks having responded that they have not heard about the idea of sustainable and ecological industrial parks. Therefore, the government should soon introduce measures to address obstacles and facilitate industrial parks in their transition.

For enterprises, investing in sustainable development requires huge financial resources but it should not be the reason for them to stay outside the trend. With about 418 established industrial parks, 298 of which have been put into operation covering a total of 92,200 hectares, Vietnam is assessed to have much room for developing green, ecological, and sustainable industrial parks.

The transition to the green and ecological industrial park model also helps attract a new wave of investment, especially high-quality foreign direct investment. Therefore, first of all, investors of industrial parks need to get updated on the government’s orientation to understand the benefits of changing the model in order to proactively build a roadmap for green and ecological industrial parks.

Enterprises in industrial parks need to focus on changing their production methods to maximise resources and make their production cleaner, apply technology solutions that use less carbon and chemicals, and use renewable and environmentally friendly energy to reduce operating costs and enhance competitiveness.

Afterwards, enterprises need to step up mobilising resources from international organisations, trade associations, climate finance funds, energy transition partners as well as commercial banks and green finance organisations to develop green industrial parks. They should also work together to share production infrastructure and reuse production materials, or work with third-party enterprises outside industrial parks in realising industrial symbiosis connections.

Associate Professor Nguyen Dinh Tho from the Institute of Strategy and Policy on Natural Resources and Environment shared that it is necessary to plug the legal loopholes and remove the bottlenecks to the industrial park transition process, in which specific institutions should be introduced as the basis for enterprises to implement and operate. More importantly, the government needs to supplement preferential policies on land, finance, corporate income tax, land rents, and credit access in the process of changing the production model from “brown” to “green”.