Nghe An - new momentum from breakthrough in transport infrastructure
(Baonghean.vn) - Compared to the real estate market in Da Nang, Nha Trang, Ha Long, Phu Quoc..., Nghe An, although developing late, has a fairly fast growth rate and creates its own attraction thanks to investment in synchronous and complete traffic infrastructure.
Breakthrough in transport infrastructure
Nghe AnNghe An is one of the localities with the largest area in the country, ranking 4th in population with more than 3.3 million people, this is also the industrial capital - the economic "locomotive" of the North Central region. In addition, Nghe An is also the "gateway" for international trade with Laos through a border of more than 468 km. In 2020, the province's GDP growth rate reached 4.45%, budget revenue was more than 17.6 trillion VND (the highest ever), the industrial production development index increased by 26.65%.
Not only benefiting from economic and market resiliencereal estateNghe An is also supported by transport infrastructure with North-South traffic axes such as National Highway 1A, Ho Chi Minh Road, North-South Railway; East-West axes with National Highway 7, National Highway 15, National Highway 46, National Highway 46B, National Highway 48A, National Highway 48C; deep-water seaports of Cua Lo, Vissai, Dong Hoi; Vinh International Airport; 5 international border gates along the border.
The province also focuses on promoting key transport infrastructure projects, typically in March 2021, the 5.2 km long Cua Hoi bridge with a total investment of VND 950 billion connecting Nghe An - Ha Tinh was inaugurated; the North - South expressway component project: Dien Chau - Bai Vot started construction in May 2021; Vinh - Cua Lo Boulevard with a total investment of VND 1,411 billion has opened the entire route to traffic; Nghi Son - Cua Lo coastal road project started construction in July 2020 - this is part of the overall coastal route approved by the Prime Minister, of which the road section through Nghe An is 83.584 km long with a total investment of VND 5,172 billion.
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| The North-South high-speed railway from Hanoi to Vinh is given priority for investment and implementation. |
In particular, in the 2021-2030 period, the Ministry of Transport will prioritize investment in the construction of 9 new railway lines with a total estimated capital of VND 191,761 billion, including the first two sections of the North-South high-speed railway, the Hanoi-Vinh and Nha Trang-Ho Chi Minh City sections.
Aviation adds momentum to Nghe An real estate market
Synchronous transport infrastructure and attractive investment attraction policies have helped Nghe An rise to the top of the group of highly competitive provinces. In the first quarter of 2021, Nghe An approved investment policies and granted investment registration certificates to 16 projects with a total registered capital of more than VND 6,314 billion. The number of newly granted projects increased by 33% over the same period in 2020, the total newly registered investment capital increased by 4.65 times, attracting investment in economic zones and industrial parks reaching VND 5,770 billion.
In addition, with the Government's orientation to develop direct international flights, the Civil Aviation Authority of Vietnam has chosen Vinh Airport as one of the key international airports, including flights to and from Vinh in the negotiation program with Southeast Asian countries, China, Hong Kong, Taiwan, etc. It is forecasted that by 2025, the traffic volume at this airport will reach 6 million passengers.
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| Vinh International Airport. Illustration photo |
From planning and investing in the development of a systematic and synchronous transport infrastructure, Nghe An has become a destination for many prestigious brands in the real estate sector. In 2019 - 2020, the province approved investment in 11 large real estate projects with a land use area of over 10,000 hectares, a total investment of more than 4 billion USD from many big names such as Vingroup, FLC, T&T Group, Eurowindow Holding, Tan A Dai Thanh Group, TNR Holdings Vietnam...
According to experts, with the rapid and sustainable economic growth and strong investment in infrastructure, especially the "invasion" of major real estate brands, Nghe An real estate market will change dramatically. This is also an opportunity for investors to seize the opportunity, "take a shortcut" before the bustling wave of the market.