Vinh City - Highlights that attract investors

Night view of Vinh city. Photo: Archive

Thanh Vinh synchronizes infrastructure, creating premise for real estate breakthrough

According to the Prime Minister's approval decision, Vinh city will be built as a civilized and modern city and become one of the core urban areas of the North Central region. Located on the important North-South traffic axis, the developed transportation system in all types is considered a driving force for economic development.Vinh city- Nghe An breakthrough.

In particular, the first-class railway station and Vinh airport will be expanded into an international airport, and Cua Lo port will be planned with 4 large ports for transporting goods from the North Central provinces, Laos and the Northeast region of Thailand, along with a deep-water port that is expected to attract attractive investment. By 2030, experts estimate that Nghe An will be able to accommodate large-capacity international cruise ships with an outstanding number of international tourists, turning Vinh into a center for accommodation and distribution of tourists in the region along with other cities such as Da Nang, Quang Ninh and Khanh Hoa.

Vinh City has been approved by the Prime Minister for planning to become the center of the North Central region. Photo source: Tin Tuc newspaper

In addition, the planning orientation of key streets, the backbone of the province's economic corridor has been creating an impression on the urban landscape and infrastructure, becoming a solid foundation for the Vinh real estate market. With a long tradition of a land of talented people, and the orientation to become a key urban model of the modern North Central region, Vinh city possesses attractive potential to attract investment waves in the North Central region.

Vinh real estate along major roads attracts investors

With the motto of infrastructure first, real estate follows, developed infrastructure will be the foundation for the real estate market to become vibrant. In recent years, experts have commented that Nghe An has had an effective development direction when focusing on investing in the synchronous construction of urban infrastructure and traffic projects throughout the province, especially in Vinh city, contributing to improving the urban appearance.

The focus on building inner-city traffic routes such as Vinh - Cua Lo Boulevard, Le Mao extended road, Tran Hung Dao extended road, Western ring road, Eastern ring road, etc. helps Vinh city quickly attract investment from large companies and corporations such as: Mipec, VinGroup, T&T Group, FLC Group, Vinaconex, Bao Son Group or foreign investors such as VSIP - Singapore, Hemaraj Group - Thailand, Kovinet Group - Korea, etc.

Experts say that when completed, the above traffic axes will be the focal point connecting the region, forming bustling neighborhoods, where the elite of Vinh City gather. Up to now, the implementation of the routes has entered an important stage. In particular, the extended Le Mao route has entered phase 2 of the project, which is being actively focused on by the Provincial People's Committee and Vinh City to soon put into operation.

The extended Le Mao route is planned to connect Vinh city with National Highway 1A, Vinh bypass section.(Perspective illustration)

Considered the "Vinh street of desire" road,Le Mao extended line1,200m long, starting from the intersection adjacent to Tran Phu Street, through Vinh Tan New Urban Area, across Vinh River, through Tan Phuong, Yen Cu residential areas, Vinh Tan Ward to connect to National Highway 1A Vinh bypass... creating a prosperous southern axis with a spacious, complete and balanced urban appearance.

According to market records, since the start of construction and completion of phase 1 of Le Mao Street, the value of real estate in the surrounding area has increased significantly. In the near future, projects along the Le Mao Street extension, when completed, are expected to continue to create a fever with modern and synchronous urban areas gathering elite communities and superior living standards.

In the period when the market gradually stabilizes and grows after the Covid-19 pandemic, especially when land resources are gradually limited in the city center, the scarcity of large-scale projects licensed for new sales has caused the real estate market in Vinh city to be in serious shortage of supply. Therefore, urban areas with synchronous scale and planning on the extended Le Mao road and other key routes after completion are considered to relieve the "thirst" in the Vinh market after a long time.

Therefore, many experts believe that this is the most appropriate time to choose projects along major roads in general and Le Mao extended road in particular, because of the potential for solid increase in real estate value based on investment orientations of infrastructure./.