Hoa Phat to develop the 235-hectare Ly Thuong Kiet Industrial Park in Hung Yen

Hoa Phat Group has recently received investment approval from the Hung Yen Provincial People’s Committee for Phase 1 of the Ly Thuong Kiet Industrial Park Project. With a total investment of over VND 2.8 trillion, the project is expected to start handing over ready-built infrastructure to tenants by the end of 2026.

Phase 1 of Ly Thuong Kiet Industrial Park covers an area of 235 hectares. The project is developed by Ly Thuong Kiet Industrial Park Infrastructure Development JSC, a member company of Hoa Phat Group, and is located in Yen My and Viet Tien communes, Hung Yen province.

Perspective of Ly Thuong Kiet Industrial Park – 235 hectares

The project aims to invest in the construction and operation of industrial park infrastructure under the model of a supporting-industries park. It has a duration of 50 years from the date of land allocation or lease approval.

One of the key advantages of Ly Thuong Kiet Industrial Park is its strategic location in the heart of the Red River Delta, adjacent to major transport routes linking Hanoi, Hai Phong, and neighboring provinces. From this location, goods can be easily transported to major economic centers in the North, with swift access to Hai Phong Port and Noi Bai International Airport.

This convenient location enables the industrial park to optimize supply chains and enhance operational efficiency for tenant enterprises.

In addition, Hung Yen province offers a range of attractive investment incentives and a favorable business environment, particularly for projects in supporting industries and high technology. As the developer, Hoa Phat Group is committed to assisting tenants with legal procedures and providing the most convenient infrastructure-related services.

According to Mr. Tran Kien Cuong, Director of Ly Thuong Kiet Industrial Park Infrastructure Development JSC, the company is currently completing legal procedures and conducting site clearance for the project. Infrastructure construction is scheduled to begin in the second quarter of 2026, with land ready for handover by the end of that year.

Ly Thuong Kiet Industrial Park is Hoa Phat’s latest approved industrial infrastructure project. The Group is also developing the Hoang Dieu Industrial Park (Hai Phong) and Dong Phuc Industrial Park (Bac Ninh). As of October 2025, Hoa Phat’s total industrial park land bank exceeds 2,435 hectares.

Hoa Phat’s existing industrial parks — Pho Noi A, Yen My II (Hung Yen), and Hoa Mac (Ha Nam) — all enjoy prime locations and have become attractive destinations for hundreds of major domestic and foreign enterprises. The occupancy rate across these industrial parks has reached about 95% of the developed land area.

HPG News