The attraction of Tien Hai real estate: The highlight of Thai Binh economic zone planning and transportation infrastructure
Tien Hai - the industrial center of Thai Binh, is forecasted to be an eventful real estate market in the North thanks to the advantage of the central planning of Thai Binh Economic Zone and the Quang Ninh - Hai Phong coastal highway - Thai Binh - Nam Dinh - Ninh Binh - Thanh Hoa.
Adjacent to many large economic regions, with great potential for industrial development and marine tourism, in recent years, Thai Binh has continuously promoted investment in economic infrastructure and transportation connecting the region. Proportional to the strong investment speed is the clear change in Thai Binh urban area in general and Tien Hai key area in particular.
According to Mr. Nguyen Van Dinh, Deputy General Secretary of the Vietnam Real Estate Association, Vice President and General Secretary of the Vietnam Real Estate Brokerage Association, said: “Thai Binh is located in the northern coastal region, bordering the north of Vietnam, potential economic regions such as Quang Ninh, Hai Phong, the South bordering on Thanh Hoa and Nam Dinh - the provinces are experiencing a very strong development phenomenon, this helps Thai Binh have a great advantage in trade and industrial development. Karma."
Regarding the Thai Binh real estate market, VNRea Deputy General Secretary emphasized that, "The rapid investment speed, especially the attraction of large investment enterprises, will create exciting growth potential for Thai Binh real estate in general and Tien Hai in particular".
It can be affirmed that the real estate market of Thai Binh in general and Tien Hai in particular has all the factors to soon make a "breakthrough" in the near future.
Expectations from Thai Binh Economic Zone
In October 2019, the Prime Minister approved the master plan on construction of Thai Binh economic zone with a total area of 30,583 hectares with 12 subdivisions, with the goal of becoming a center of marine economy, multi-sectoral and multi-field of the North Coastal region and the whole country.
Located in 2 districts of Tien Hai and Thai Thuy, Thai Binh Economic Zone is clearly demarcated for each development zone, of which Tien Hai district has 12,214.8 ha, planning to become an industrial and sea tourist center.
Tien Hai currently has 9 industrial parks and 1 industrial cluster with an area of 3,970ha, of which Tien Hai Industrial Park with an area of 795ha in Tay Son, Tay Giang, Dong Lam, Dong Co communes is considered the first industrial park and the largest scale in Thai Binh. Particularly, Tien Hai Industrial Park has attracted 45 investment enterprises and 70 projects with a total registered capital of nearly 13,200 billion VND.
Tien Hai Industrial Park is currently the largest industrial park operating in Thai Binh.
In particular, many investors have invested in Tien Hai Industrial Park with large-scale projects and advanced technologies such as Viglacera, Hong River Petroleum, Vina Kangaroo, Nicotex, Toyoda Gosei...
At the same time, Tien Hai owns more than 23km of seaway with a diverse marine ecosystem, bringing great tourism potential. In which, Dong Chau beach town has an area of 118.4 ha and Con Vanh eco-tourism area with a scale of 1,621 ha, including high-quality resorts; tourism conferences and seminars; amusement parks, water sports; golf course sports area; natural forest ecological zone ... is a tourist attraction attracting, exploiting the available advantages to develop the marine economy of Tien Hai in the coming years.
VNRea Deputy Secretary General affirmed that the economic development, infrastructure of industrial parks and tourist areas will strongly attract the labor force to move to Tien Hai. Therefore, the demand for industrial, coastal and residential cities will increase, leading to a very active real estate market.
Completed Quang Ninh - Thai Binh - Thanh Hoa coastal highway segment
Besides economic infrastructure, Thai Binh real estate also benefits from the coastal highway connecting 6 northern coastal provinces (Quang Ninh - Hai Phong - Thai Binh - Nam Dinh - Ninh Binh - Thanh Hoa). The entire expressway has a length of about 160km located at the bottom edge of the triangle of the Red River Delta, belonging to the program of two corridors - one economic belt, which started construction on September 13, 2014.
The Hai Phong - Thai Binh and Thai Binh - Ninh Binh expressways are expected to be through in 2022.
With a special connection location, Quang Ninh - Thanh Hoa expressway is considered as one of the most important highways promoting Thai Binh trade in the economic development triangle of Hanoi - Hai Phong - Quang Ninh. In particular, Tien Hai enjoys many advantages of regional linkage, creating special opportunities to accelerate industry and promote advantages of sea tourism.
Currently, the Ha Long - Hai Phong expressway segment, the first part of the entire expressway with a total length of more than 25km, has officially come into operation. The Hai Phong - Thai Binh and Thai Binh - Ninh Binh expressway segments were both started construction in 2017 with a scale of 4 lanes expected to be officially opened to traffic in early 2022.
When the expressway is officially put into operation, it will make traveling and connecting between key economic zones more convenient, shortening the distance and time compared to previous time. At the same time, the development of transport infrastructure is also a premise for the economic and urban resilience and worthy development potential of the provinces and cities through which the route passes.
Facing a new opportunity, Tien Hai in the coming time will definitely be a land of great potential with the expectation that real estate values will increase. It is forecast that Tien Hai will be an attractive destination for investors and contribute significantly to the overall growth of Thai Binh province.