Hung Nguyen Industrial Real Estate (Nghe An) - a potential market for investors

VSIP Nghe An Industrial Park - an attractive destination for investors.

Industrial real estate appeared late in Nghe An, that is why this market is still quite new. Nghe An possesses many outstanding advantages such as large land fund, favorable geographical location, cheap land price, abundant human resources plus a series of expanded industrial parks, synchronously invested infrastructure. Along with the boom of e-commerce, increased inventory requirements and diversification of supply chains, Nghe An industrial real estate has many opportunities to develop.

Especially when Vietnam plans to resume international commercial flights, this will create favorable conditions for investors to return and expand production in Nghe An. In addition, foreign and domestic enterprises are actively expanding production thanks to a solid production foundation such as LG Electronics, Intel, Mitsubishi Motors, etc.

The strong attraction of Nghe An industrial real estate market is also fueled by policies to restore, boost the economy, and develop transport infrastructure such as the Ninh Binh - Bai Vot Expressway Project, Cua Hoi Bridge Project, etc. With a huge amount of money pumped into the market, inflation makes real estate prices tend to increase.

In particular, in early January 2022, the National Assembly approved the investment policy for a series of North-South expressway projects in the East for the period 2021-2025. Construction of the North-South expressway has great political significance because this route is known as the "North-South unification road", the national "backbone" transport route in the new era.

Nghe An has 87.84km of North-South expressway running through it, of which Hung Nguyen district alone has a total length of 25.88km. This is an important project aimed at connecting regions and spreading strongly in terms of socio-economic aspects, promising to be the "red carpet" to bring Nghe An's economy to develop strongly and prosperously.

Plan to build North-South high-speed railway.

Nghe An is also a notable bright spot in the national market with remittances sent to the locality in 2021 estimated at about 450 million USD (about 10,000 billion VND). This is considered a huge growth driver, contributing to "fanning" the fire of real estate investment in the locality.

Recently, the People's Committee of Nghe An province has issued Plan No. 812 to implement the "Project to develop the Southeast Economic Zone into an economic growth engine of Nghe An province in the period of 2021 - 2025, with a vision to 2030". Specifically, the boundary of the Southeast Economic Zone will be adjusted to 80,000 hectares (including 70,000 hectares of land and 10,000 hectares of sea surface). Of which, the industrial park area is about 15,000 hectares and renamed Nghe An Economic Zone.

Anticipating the trend, a series of famous enterprises have quickly landed in Nghe An with many large-scale projects, making the market more vibrant than ever. As of February 22, 2022, the province has newly issued investment registration certificates for 16 projects, adjusted 12 projects, bringing the total newly granted and increased capital to VND 10,246.91 billion.

Most notably, since Decree 82/2018/ND-CP regulating the management of industrial parks and economic zones officially took effect, the Industrial - Urban - Service real estate model has developed strongly across the country, becoming the dominant trend in the market. Notably, VSIP Group has chosenHung Nguyen - Nghe Anis a "fertile land" to spread beautiful prosperous values.

VSIP Group is considered the leading pioneer in Vietnam in the Industrial - Urban - Service model with 11 projects that have been and are being developed in many provinces and cities across the country such as: Binh Duong, Bac Ninh, Nghe An... with a total land fund of more than 10,000 hectares. Urban areas such as: Belhomes Bac Ninh, Sun Casa Central in Binh Duong... are planned according to international standards, high-quality living environment, meeting the housing needs of many domestic and foreign experts and engineers.

Sun Casa Central (Binh Duong) high quality residential area adjacent to industrial park.

Nghe An alone has a scale of up to 750 hectares, of which the land fund for industrial parks is 370 hectares. VSIP is the first and only unit in Nghe An to dedicate more than 50% of its area to urban development. Rapidly developing industrial parks with large scale will attract a large workforce and experts to work in Nghe An. As an inevitable consequence, abundant labor resources will create a large demand for the real estate market and accompanying social utility services. Real estate adjacent to industrial parks, or in other words, Hung Nguyen - Nghe An, is a fertile land for investors, when converging outstanding growth factors, especially safety factors and potential for double profits.

Overall perspective of VSIP Nghe An Industrial, Urban and Service Park project 750 ha.

The above factors are the necessary and sufficient conditions to "resonate" for the development of residential real estate adjacent to industrial parks in Nghe An.

With available potentials, development plans, methodical investments of large enterprises, along with effective operations of local authorities, Hung Nguyen Nghe An industrial real estate continues to be a "golden goose", a "fertile" land of potential, an ideal stop on the investment map./.