Viet Reader.

VR.

Premier Newspaper for Vietnamese Worldwide

Pho Yen - 'Bright spot' of Thai Nguyen real estate

Thai Nguyen real estate flourishes

According to the Department of Statistics of Thai Nguyen province, accumulated to March 20, 2023, there are 176 licensed and valid FDI projects with a total registered capital of 10.39 billion USD in Thai Nguyen province. Foreign enterprises investing in Thai Nguyen bring many experts and highly qualified workers to work and simultaneously create a flow of labour movement from other localities to come here, leading to an increased demand for housing, dining, shopping and other essential services.
Thai Nguyen possesses a prime location when it is an intersection point through a system of roads, railways, and fan-shaped riverways connecting with provinces. The province is constantly upgrading its infrastructure network, implementing many key traffic projects, creating motivation and promoting economic development, bringing a modern "appearance".
The above factors have created a "push" for Thai Nguyen real estate, especially urban development and commercial business. In particular, the industry develops in the south, creating conditions for real estate in this area to develop vibrantly, typically in Pho Yen City.

Also read: Thai Nguyen Province Vietnam seeks investors for trillion-dollar urban area projects

The Hanoi - Thai Nguyen Expressway was built and completed, connecting the neighboring regions economically

Opportunity for Pho Yen real estate

Ring Road 5 is important in increasing inter-regional connectivity, creating a driving force for socio-economic development for localities near the capital. Located on the road to deploy the Ring 5 project (passing through the administrative boundaries of 36 districts and cities under 8 provinces), Pho Yen real estate benefits greatly when it has a "golden" connection. 
Not only that, but this locality also holds an important position in attracting FDI investment into Thai Nguyen from 2013 up to now. This is the destination of major projects such as the Samsung Electro-Mechanics factory; Industrial Center Sunny Group; Tan Phu 1 industrial cluster, Tan Phu 2, etc.,



Therefore, when the wave of urbanization spread strongly in Thai Nguyen, attention was focused on Pho Yen. The process of industrialization led Pho Yen to transform from agricultural production to industrial production. People's spending habits have also begun to change. Along with the appearance of various utilities and services, people set higher standards of enjoyment. And it is also a potential market for developing services and commercial activities.
Recently, Thai Nguyen people have noticed a project about to be implemented in the Dong Tien area - the "bright spot" of Pho Yen real estate - named Tan Duc Central Park (Z131 Urban Area).

Tan Duc Central Park project pioneers the European-style "green city" model in Pho Yen. Perspective photo
It is an urban project inspired by a European-style dynamic green city, owning a cluster of parks and lakes with an area of 2.5 hectares, promising to have many utilities that contribute to improving the quality of life of local people facilities such as football fields, basketball court, multi-purpose volleyball, exercise machine, continuous children's play area, reading garden, chess game, BBQ garden, school, medical centre...
Experts say that, with the orientation to become a young and dynamic city, Pho Yen still needs projects of great stature and difference. Tan Duc Central Park promises to be a "new breeze" in the Pho Yen market, bringing modern and comfortable life to future residents. Representative of the investor - Tan Duc Group, is expected to launch the project at the end of June 2023.


Related news: Thai Nguyen: FDI projects bring total investments to over USD 10 billion

About author
You should write because you love the shape of stories and sentences and the creation of different words on a page.
View all posts
More on this story