Potential investment destination

Solid motivation from internal factors

Among the provinces with a radius of 50 – 70km from Hanoi capital, Thai Nguyen is the locality with a percentage of investors interested in real estate at a high level in recent years. Experts said that the attractiveness of Thai Nguyen real estate market comes from internal factors.

The first factor to mention is the speed of urbanization. The urbanization rate in Thai Nguyen will reach 36%, with 01 grade-I city, 02 grade-III urban centers, 01 grade-IV urban centers, and nine grade-V cities. In addition to the 13 existing urban centers, Thai Nguyen will have an additional $6. new urban areas by 2025. The goal is to achieve an urbanization rate of 45% by 2030 and 50% by 2035.

Thai Nguyen is also known as a “low-lying area” attracting strong FDI in recent years. As one of the industrial development capitals of the North, the locality has successfully attracted investment to develop many industrial parks (IZs) of such scale as: Yen Binh Industrial Park (400ha); Diem Thuy Industrial Park (350ha), Song Cong I, II Industrial Park (195 and 250ha), Nam Pho Yen Industrial Park (120ha)…

Besides, Thai Nguyen is one of the few northern provinces with strong investment in traffic. Major national highways and internal road systems are invested and developed: Hanoi – Thai Nguyen expressway, Thai Nguyen – Cho Moi road, extended Bac Son road, Viet Bac road… A series of highways The road connecting the city to the districts has been newly built and upgraded, contributing to creating a smooth connection, paving the way for investors to come to Thai Nguyen.

Pho Yen – The focal point of industrial real estate investment and surrounding areas

Industrial and suburban real estate is being evaluated as the investment bright spots of the market.

“In 2022, industrial park real estate will continue to shine when the pandemic is basically under control. The shift of production from China as well as a series of Free Trade Agreements (FTAs) signed increase demand. demand for industrial land across the country, attracting not only domestic demand but also a magnet for foreign manufacturers’ capital, besides, with the strong growth momentum of e-commerce, service segment logistics also holds great potential,” said Chi Vu, Head of Industrial Park Brokerage Service, Collier Vietnam Company. Thai Nguyen with the advantage of industrial development is becoming an investment attraction center.

Before the potential of Thai Nguyen real estate investment, Pho Yen became the focus of attracting the attention of investors. Especially, after there was information about upgrading Pho Yen Town to a provincial city at the beginning of this year, Pho Yen real estate prices increased day by day. According to the survey, residential land previously had an average price of 8-10 million VND/m2, but now it has increased to 25-40 million VND/m2 depending on the location and is continuing to increase.

This proves that many investors are interested in this land, but this is not a high price compared to the available potential for urban planning and investment attraction in Pho Yen. Accordingly, land prices in Pho Yen, Thai Nguyen, especially in areas adjacent to highways and large industrial zones such as Yen Binh, Diem Thuy… still have room to increase prices compared to the common ground.

Assessing the advantages of real estate in industrial zones and the vicinity of Pho Yen, real estate experts said there are many reasons for Pho Yen real estate to have great appeal.

Firstly, the development of industrial zones and industrial clusters quickly led to a wave of migration, housing and service needs of a large number of engineers, experts, and workers who flocked to Pho Yen to live and work. job. Especially in the context that Samsung Group has just added nearly 1 billion USD of capital in Yen Binh Industrial Park, one of the largest industrial zones in Pho Yen.

Secondly, land resources and land fund in Pho Yen still have a lot of room for development for investors to find, especially in the segment of land plots near large industrial zones. The price level here is still cheap, which is an opportunity for investors to buy property or invest in building commercial shops and housing areas to welcome the growth wave.

Third, Pho Yen town is very close to Hanoi capital. From Pho Yen Town to the center of Hanoi, it only takes about 45 minutes to move, so investors can completely think of owning a second property of great value in the suburbs of Hanoi.

In the context that Vietnam’s economy is forecasted to have the strongest growth in the region in 2022, reaching 7.5% (according to the ASEAN + 3 Macroeconomic Research Office (AMRO), Vietnam’s super-rich people increase sharply along with the demand for goods and services. demand for real estate with 1,551 super-rich (net worth over $30 million) and 114,807 rich (net-worth over $1 million) by 2026 with nearly two-thirds of the super-rich’s wealth allocated to Real estate (Knight Frank’s latest Prosperity report), this is considered a potential market in the sights of investors.

Phu Luong