Phu Binh "promised land" for real estate investors

"Incubator" to attract FDI

In 2022, Thai Nguyen will reach over 1.5 billion USD, becoming one of the top provinces in attracting foreign direct investment (FDI). Phu Binh is considered one of the "incubators" of enterprises attracting FDI for the whole province, because it owns large industrial parks (IPs), industrial clusters (ICs) and preferential policies.

Currently, many typical industrial parks of Phu Binh, possessing favorable trading locations due to being close to the old National Highway 3, Hanoi - Thai Nguyen expressway connecting to Bac Ninh, Vinh Phuc provinces, Noi Bai International Airport (Hanoi), Hai Phong port. Typical examples are Diem Thuy Industrial Park 350ha; Thuong Dinh 130ha; Phu Binh Urban - Service; Yen Binh Industrial Park; Tan Duc Industrial Park; Diem Thuy; Kha Son; Ha Chau 1, Ha Chau 2; Tan Duc - Luong Phu;... In particular, Diem Thuy Industrial Park with a scale of 44ha, Bao Ly - Xuan Phuong Industrial Park 27ha, Hanh Phuc - Xuan Phuong Industrial Park 74ha... are being accelerated in site clearance to ensure high project occupancy rates in the industrial parks.

1(1).jpg — Diem Thuy Industrial Park (Phu Binh District, Thai Nguyen Province)

With the formation of dense industrial parks and industrial clusters in the area, Phu Binh has attracted more than 40 FDI enterprises and hundreds of small and medium enterprises. In addition, the infrastructure in the industrial parks is invested synchronously and modernly; there is a centralized wastewater treatment system, so Phu Binh is increasingly becoming an "incubator" to attract FDI enterprises as well as the choice of many investors.

Attraction from improving investment environment

In the integration trend, Phu Binh is determined to increase investment attraction in a sustainable direction through open policies, creating a transparent and open environment.

Accordingly, with the viewpoint of accompanying businesses, Phu Binh district annually organizes dialogues with businesses implementing projects in the area, to promptly remove difficulties and obstacles in the implementation process, contributing to improving the business environment in the area.

A representative of Phu Binh district said that the district is committed to creating all favorable conditions, especially in administrative procedures and site clearance, and always accompanying businesses for common development.

In addition, from the beginning of March 2023, the Government issued Resolution 33/NQ-CP with a number of solutions to remove obstacles and promote the safe, healthy and sustainable development of the real estate market. This contributes to opening up the real estate market of the whole country in general and Phu Binh in particular to enter a new development cycle.

It is these positive "leverages" that have made Phu Binh an ideal destination for domestic and foreign investors.

Luxury real estate leads the trend

The strong growth of FDI capital and the concentration of a series of large industrial parks and industrial clusters in the area have attracted a huge number of workers to live and work in Phu Binh, leading to a demand for housing, opening up great opportunities for the real estate market.

In particular, the needs of the “elite” are thousands of experts, engineers, and senior officials from Korea, Japan, China, Singapore, etc., which entail strict demands and standards for quality of life. Therefore, seizing the advantages of Phu Binh land, while meeting the needs of customers for a luxurious and classy life, many real estate tycoons have chosen this land to develop high-end, modern projects.

Danko River Urban Area in Phu Binh was newly started at the end of July 2023.

Recently, Phu Binh has attracted 15 projects, mainly residential and new urban area projects with a total area of nearly 130 hectares and a total investment of more than 4,700 billion VND. Among them, the Danko River project of Suntimes Group has just started construction in July 2023.

Danko River with luxurious European style, along with a system of high-class utilities will become a new living symbol, a high-class urban area, meeting the needs of local residents. This project is considered a "bright spot" in the real estate market, contributing to changing the urban appearance, affirming the attractiveness of Phu Binh land.

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