Hung Yen: Opening a new door to attract investment from seaport infrastructure

Ba Lat liquid cargo port starts coastal logistics chain

In the context that Hung Yen is accelerating the completion of its strategic transport infrastructure network - from Ninh Binh - Hai Phong Expressway (CT.08), coastal routes, Thai Binh - Ha Nam Expressway (CT.16) to Hanoi Ring Road 5 (CT.39) along with a synchronously connected national and provincial highway system, the need to form a modern coastal logistics center has become urgent. This interconnected transport infrastructure is the foundation for the province to develop multimodal transport, reduce logistics costs and expand its ability to attract investment.

Seizing that opportunity, at the end of June, in Hung Phu commune, Hung Yen province, the Ba Lat liquid cargo port project officially started construction. The project has a total area of over 68,500 m², capable of receiving ships with a tonnage of up to 3,000 tons, a customs clearance capacity of 150,000 tons/year, along with a warehouse system of nearly 5,000 m² and synchronous technical infrastructure, meeting the requirements of safe, large-scale fuel transportation and storage.

A representative of Phu Thanh Group - the project investor said: Ba Lat Port is not only a specialized port for gasoline and oil, but also a "highly competitive coastal logistics corridor, effectively connecting the delta region with the midlands and mountainous areas of the North". The project is considered the starting link of the energy logistics chain associated with industrial parks and factories in the Thai Binh Economic Zone, opening up the opportunity to form a large-scale cargo transit center, serving both domestic and international markets.

Thai Binh Economic Zone - destination of strategic capital flows

In recent years, Hung Yen has emerged as an investment attraction center in the Red River Delta region. In 2024 alone, Thai Binh province (before the merger) received more than 180 new projects, an increase of over 80% compared to 2023, with a large proportion in the processing, manufacturing and logistics sectors.

Many big names such as VSIP, Green i-Park, Geleximco, Bao Minh,... have contributed to shaping the model of green, high-tech industrial parks, connecting modern logistics services. In the first 7 months of 2025, Hung Yen province recorded a total investment capital of more than 840 million USD, reaching 84% of the yearly plan, including 64 new projects, including 35 FDI projects with 352 million USD of registered capital and 29 domestic projects with more than 9,000 billion VND.

Ba Lat liquid cargo port area has a total area of more than 68,500 m², receiving ships with a capacity of up to 3,000 tons.

These results stem from the outstanding advantages of Thai Binh Economic Zone - established under Decision No. 36/2017/QD-TTg of the Prime Minister, with a scale of over 30,000 hectares, stretching over 30 km of coastline. The economic zone is oriented to develop into a modern industrial - service - urban center, associated with the marine economy, creating a foundation to welcome strategic capital flows from multinational corporations.

According to Mr. Vu Kim Cu, Head of the Economic Zone Management Board of Hung Yen province, the locality is promoting the planning and synchronous investment of key infrastructure: seaports, dry ports, coastal roads and after 2030, a dedicated coastal airport will be considered. He emphasized: "Infrastructure going one step ahead will help Hung Yen proactively welcome high-quality capital flows."

Along with infrastructure, Hung Yen continues to focus on improving the investment environment: shortening the time for administrative procedures, proactively preparing clean land funds, speeding up site clearance and accompanying businesses throughout the project life cycle. The combination of strategic vision, modern infrastructure and flexible support mechanisms has created a new attraction for Thai Binh Economic Zone on the investment map of Vietnam.

Strategic vision, reaching out to the ocean

The Ba Lat liquid cargo port, which has just started construction in Hung Phu commune, is not only an infrastructure project serving the transportation and storage of liquid goods. It is also the "opening shot" for the strategy of upgrading the Thai Binh Economic Zone, expanding the marine economic space, aiming at the position of the logistics - industry - service center of the Northern coastal region. As Chairman of the Provincial People's Committee Nguyen Khac Than emphasized: "The groundbreaking of the Ba Lat liquid cargo port is a clear message about the determination to break through the marine economy and affirm the role of Thai Binh in the regional logistics network".

According to the Master Plan for the development of Vietnam's seaport system to 2030, with a vision to 2050, Hung Yen province will play the role of a hub for inter-regional and inter-provincial logistics connections. Ba Lat seaport, where the liquid cargo port project is located, is one of the three main wharf areas of Hung Yen province in the group of national seaports No. 1. This strategic location opens up opportunities for the locality to become an important transit point for goods, especially in the fields of energy, liquid cargo and processed industrial goods for export.

On that basis, Thai Binh Economic Zone is oriented to develop into a large-scale multi-industry economic cluster, closely connected with leading industrial - service centers such as Hai Phong, Quang Ninh, Hanoi and Ninh Binh. The goal is not only to increase local economic growth, but also to directly contribute to the national production - export value chain.

Experts and investors believe that when the infrastructure system of seaports, dry ports and highways is completed, combined with a large clean land fund and open investment policies, Hung Yen can completely attract strategic capital flows into high-tech industries, clean energy, supporting industries and modern logistics - gradually becoming a new growth pole of the Red River Delta.

Source: https://baodautu.vn/hung-yen-mo-canh-cua-moi-thu-hut-dau-tu-tu-ha-tang-cang-bien-d378577.html