Transform and improve

It is not difficult to see that, in the three common forms of urbanization (Rural Urbanization; Peripheral Urbanization and Spontaneous Urbanization), the story in Hung Yen has a general color. Over the past years, Hung Yen has had clear changes in transforming the economic structure towards increasing the proportion of trade and services. Along with that is the increase in population in the main growth poles with more and more living spaces with an urban atmosphere. That is the story of Hung Yen.

In more detail, let's take Van Lam as an example, a locomotive in the economic, cultural and social development of this province. The urbanization story in Van Lam has many similarities with the home province, but the colors are somewhat clearer, especially in the form of peripheral urbanization.

Van Lam is a locality that benefits greatly from the Eastward trend in urbanization of Hanoi. Along with fundamental factors such as: owning many industrial parks, clusters, craft villages, with an average income per capita of about 6,000 USD, the highest in Hung Yen province and among the highest in the country,...

All of these have brought about tremendous changes to the district, the most obvious of which is peripheral urbanization.

It must also be affirmed that, for a district that is both rich and strong like Van Lam, the transformation and upgrading to a satellite city does not only come from "external forces" as mentioned, but is also an inherent requirement of a land rich in potential.

Large room for investment cash flow

Realizing that great potential, in just a short time, Van Lam has become a magnet attracting large investment capital. And one of the potential fields is real estate.

If in 2021, the total budget revenue of Van Lam district reached more than 3,224 billion VND, then in 2022, the district collected 9,359 billion VND, reaching 411% of the plan, including a large contribution from land use tax. The above statistics show that real estate has truly been an important sector in "leading" the economic development of the district. On the other hand, with an emerging market like Van Lam, there is a lot of room for investment capital.

According to the assessment of the Vietnam Real Estate Brokers Association, urban areas such as the East of Hanoi can ensure price and profit growth of 10-15%. This can be considered a reliable indicator for investors looking for opportunities to "find a basket, put rice" like the present time.

Up to now, Van Lam has initially formed a professional real estate market with the appearance of the first large-scale, well-planned, modern urban area project.

According to experts, with emerging markets, there will be more opportunities for pioneering investors, because this is the stage of creation with the most impressive room for price increases.

Emerging markets always have the characteristics of attracting exciting and strong cash flows. Along with that, the completion of infrastructure will inevitably come with the consequence of increasing real estate prices.

As for Van Lam, the orientation to 2030 is to build and recognize Van Lam district to meet the standards of a type IV urban area, the central area of ​​the district to basically meet the standards of a type III urban area before 2025; Van Lam district to meet the standards of a type III urban area before 2030 (building Van Lam district into a city).

Economy City project is located in the center of Nhu Quynh town, Van Lam (Photo: Economy City).

Thus, one of the projects that will benefit from the urban development orientation of Van Lam district is the Economy City project - the first urban area project complex in the center of Van Lam district about to launch.

Reference information: https://economycity.com.vn/