Real estate investment cash flow quietly flows to emerging industrial centers like Phu Tho to catch opportunities for high and sustainable profits.

Where eagles flock to nest

Phu Tho used to be the industrial center of the North with famous factories such as Bai Bang paper and Lam Thao fertilizer. Now, Phu Tho is asserting its “leading” position by attracting “industrial eagles” from all over the world to nest.

In order to promote the advantage of location with a distance of about 1 hour’s drive to Noi Bai airport, and located on two economic corridors along the Noi Bai – Lao Cai expressway and the North – South expressway in the West, Phu Tho has been forming large-scale industrial parks to create a breakthrough in the province’s development until 2030, with a vision to 2050.

Phu Tho has and will develop 12 industrial parks with a total area of ​​nearly 5,095 hectares, focusing on investing in 7 industrial parks: Thuy Van, Phu Ha, Trung Ha, Cam Khe, Tam Nong, Ha Hoa, Phu Ninh, Dong Nai. time to form 5 new industrial parks. This strategy aims to catch the flow of foreign investment capital flowing strongly into the industrial production sector in Vietnam and the provinces and cities with large land, cheap land rent, abundant human resources as well as increasingly convenient transportation. Information such as Phu Tho, Nghe An, and Thai Binh are “caught the eye” of “industrial eagles”.

Among them, the BYD “eagle” has officially returned to nest in Phu Tho. Starting to set foot in Phu Tho two years ago with a project to produce tablets and electronic components with a total investment of 269 million USD, this group has continuously increased its investment capital in recent times and has become the largest foreign investor in the locality with a total registered investment capital of up to 600 million USD. Not to mention, BYD is the tablet assembly partner for Apple Corporation, while Apple has just announced that it will continue to shift the development of new tablet products to Vietnam, and at the same time, BYD also has plans to invest. 250 million USD to produce electric cars in Vietnam, so we cannot rule out the possibility that this group will continue to invest heavily in Phu Tho in the near future.

Phu Tho is also actively promoting to attract investment from large corporations from China, Korea, Japan, and Australia such as Sojitz, Wingtec, Foxconn, Blackstone Minerals. Besides, just like when Samsung invested in Bac Ninh and Thai Nguyen, “eagles” like BYD investing in Phu Tho will have a huge spillover effect, attracting many satellite businesses as well as creating goodwill. news for other foreign investors to invest capital here. This prospect is increasingly clear when the rental price of industrial park land in Phu Tho is less than 50 USD/m2 for a rental cycle, half cheaper than other industrial centers such as Bac Ninh, Vinh Phuc, Hai Phong. Meanwhile, the developed road network has strengthened the connection of Phu Tho with Noi Bai airport and Hai Phong port, helping to create convenient links to international markets such as Korea, China, and Japan. , ASEAN.

Phu Tho currently has 4 industrial parks in operation, attracting 202 projects with a total registered investment capital of nearly 26,000 billion VND and 2.3 billion USD, including 98 foreign investment projects. Previously, projects were mainly in the fields of textiles, packaging, beverages, and food, but recently, Phu Tho has attracted large-scale, high-tech projects with high production value. and large exports with typical projects such as Hanyang Digitech Vina, Namuga, Innochip Vina, JNTC Vina, thereby promoting economic restructuring and increasing per capita income.

In the first 9 months of 2023, businesses operating in industrial parks in Phu Tho are estimated to achieve revenue of 25,500 billion VND, an increase of 10% over the same period last year, creating jobs for 29,870 workers with average income. more than 7.1 million VND/person/month.

According to the planning of Phu Tho province recently approved by the Prime Minister, the growth rate of total product in the province in the period 2021 – 2030 will reach 10.5%/year or more and the average income per capita in the year 2030 reaches 6,000 – 6,200 USD. Vision to 2050, Phu Tho is a developed province in the Northern region, in the group of developed provinces in the country and one of the leading industrial, service and tourism centers of the midland and central regions. Northern mountainous areas; is a place worth living, worth visiting, safe and prosperous.

Activate the real estate “trigger”.

Industry is booming with the emergence of high-tech, large-scale projects and new industries that have and will attract a large number of domestic and foreign workers, experts and senior personnel to work. , creating huge demand for housing. Experience from new industrial centers such as Bac Ninh, Bac Giang or Thai Nguyen shows that not only do local people need to improve their quality of life with modern housing and more amenities, but The demand for renting houses from foreign experts and senior personnel in Phu Tho is increasing. Furthermore, real estate prices in Phu Tho are currently quite low compared to other industrial centers in the North, so there is still a lot of room for price increases.

Currently, Phu Tho is “thirsty” for a supply of high-quality housing projects with self-contained amenities to meet the rental needs of foreign experts and business leaders while the number of foreigners coming to work increasingly crowded with increasingly diverse nationalities.

In that context, the appearance of the Vic Grand Square commercial, financial and multi-functional apartment tower in the center of Viet Tri city providing more than 1,500 5-star standard apartments will contribute to “quenching thirst”. ” high-end housing for local people and foreign experts in the context of industrial production investment capital flowing strongly to Phu Tho. At the same time, Vic Grand Square’s high-end finishes with world-famous brands such as Bravat, Grohe, Kone,… and a chain of 68 exclusive amenities will be Phu Tho’s new destination to meet living needs, colorful entertainment and fun.