Central Retail Vietnam has officially launched its VND429 billion ($16.4 million) "GO! Hung Yen" shopping and service center in the northern province of Hung Yen, after the merger between the two former provinces of Hung Yen and Thai Binh in early this month. 

Located in Pho Hien Ward, the new facility is the 43rd in Central Retail's  shopping centers in Vietnam, which spans a total area of 16,000 sq.m.

At the grand opening on July 16, Mr. Nguyen Huu Nghia, Secretary of the Provincial Party Committee, stated that the project not only carries importance for economic diplomacy but will also be a key driver for the province's trade, services, and overall socio-economic development.

"GO! Hung Yen demonstrates our dedication to providing the people of Hung Yen and neighboring areas with a top-quality experience, centered on our ‘Eat - Play - Shop - Learn - Sustainable Development’ model," Mr. Olivier Langlet, CEO of Central Retail Vietnam, said.

A recent report from the Provincial Department of Finance highlighted that both former Hung Yen and Thai Binh provinces had achieved strong economic results in the first half of 2025, just before their consolidation.

Prior to the merger, former Hung Yen province’s Gross Regional Domestic Product (GRDP) grew by 9%. It also attracted its highest-ever level of investment, securing over VND103 trillion ($3.95 billion) and $593.8 million in new and adjusted capital during the first half.

Similarly, former Thai Binh provnce's GRDP was estimated at over VND36 trillion (over $1.38 billion) in the first 6 months of this year, also a 9% increase compared to the same period in 2024, while its total production value reached over VND105.9 trillion ($4 billion), up more than 14% year-on-year.

Source: Vneconomy