Transforming Transport: Unlocking Thai Binh’s Potential
Thai Binh, once landlocked with its three rivers and coastal border, is now unlocking its potential by prioritizing transport infrastructure development. The province recognizes the importance of “transport leading the way” and is determined to build a comprehensive transport network to enhance regional connectivity and establish itself as a distribution hub for the southern Red River Delta and North Central regions.
A notable project is the Ninh Binh – Hai Phong expressway (CT.08), with the section passing through Nam Dinh and Thai Binh provinces. The province is expediting investment procedures with the highest commitment and effort, as per the Prime Minister’s directive to “only discuss doing, not retreating.” This expressway is expected to offer new opportunities and development space for Thai Binh by fostering stronger regional links, promoting industrial growth, and reducing logistics costs.
Additionally, to bridge the geographical gap with the capital, Thai Binh is collaborating with Hung Yen province to invest in a cross-provincial road connecting Hanoi and Thai Binh. The province also plans to construct the Sa Cao Bridge to Nam Dinh and the An Dong Bridge to Hai Duong, overcoming the challenges posed by the region’s rivers.
Another key project that is being expedited is the 43km-long coastal road passing through Thai Binh province. Part of the North-South coastal road master plan, this project spans six provinces from Quang Ninh to Thanh Hoa and is a strategic transport corridor, vital for the economic development of northern Vietnam’s coastal regions.
According to the Director of the Thai Binh Department of Transport, this coastal road is crucial as it connects the Thai Binh Economic Zone with neighboring key economic regions. It facilitates the smooth and rapid transport of goods from Thai Binh to other provinces and for export, enhancing the province’s industrial potential.
Intraregional transport is also being modernized with projects like the southern ring road and the provincial road 469 (Thai Binh – Con Vanh), connecting the city center with economic zones.
Experts agree that these transport infrastructure projects are not only breaking Thai Binh’s landlocked status but also creating a foundation to unlock its social and economic development potential. This includes enhancing its competitiveness and attracting investors with a compelling value proposition.
Attracting and Retaining Investors: Thai Binh’s Emerging Strength
Thai Binh’s vision to become a leading industrial hub in the Red River Delta brings with it the crucial task of creating an attractive and conducive environment for investors.
In recent years, the province’s efforts have borne fruit, putting Thai Binh on the map for investment, particularly foreign direct investment (FDI). The Thai Binh Economic Zone, a key project, is expected to become a magnet for investors when operational, offering a strategic location and a range of incentives.
Thai Binh: A Hub for Major FDI Investors
To further enhance its investment appeal, Thai Binh is developing a strategy for land resources, social housing, and modern urban areas to attract workers and experts to live and work in the province long-term.
With the involvement of leading developers, Thai Binh’s urbanization is accelerating, with the city of Thai Binh taking the lead as the core urban area.
Aiming for both quantitative and qualitative growth, the city’s planning is expanding southward, where existing infrastructure and ample land can accommodate large-scale, green, and modern projects with a unique character.
Glory Downtown: A Vibrant Commercial and Residential Hub
Glory Downtown, one of the first modern urban projects in southern Thai Binh City, is a pioneering commercial and park-life development. It offers a unique blend of vibrant commercial spaces and sustainable green living for its residents.
Strategically located on the central Le Quy Don axis, Glory Downtown provides convenient access to a range of city amenities, including over ten large hospitals, educational institutions, and entertainment options, all within a five-minute reach.
With 128 shophouses built over four floors and delivered with exterior finishes, homeowners at Glory Downtown benefit from optimized functionality and the flexibility to combine residence and business. Additionally, a planned seven-story commercial center within the project is expected to become a new landmark for the area.
Thai Binh’s transformative infrastructure developments and innovative investment policies have made it an increasingly attractive destination. Well-planned projects like Glory Downtown are contributing to the province’s success in attracting and retaining investment, paving the way for a sustainable future.
Prime Minister Pushes for Faster Progress on the 17-Trillion VND Highway Project in South-East Region
On the morning of September 26, during his working visit to Binh Duong, Prime Minister Pham Minh Chinh conducted a site survey to inspect the progress of the Ho Chi Minh City – Thu Dau Mot – Chon Thanh expressway project, specifically the section passing through Binh Duong province.
High-Speed North-South Railway: A Careful Choice of Technology and Management Model
On the morning of September 25, at a meeting on the implementation of the high-speed railway project on the North-South axis, Deputy Prime Minister Tran Hong Ha emphasized the careful selection of technology, management models, and operations towards the development of a complete and autonomous railway industry and service.
The Ultimate Road Expansion: Unveiling the $1,000 Billion Vision for a High-Speed Connection
The 3km-long highway stretch from An Phu Intersection to Ring Road 2 in Thu Duc City will be expanded to double its capacity, resulting in a complete eight-lane roadway.
The Ultimate Investment: Tay Ninh’s Multi-Billion Dong Project
The Tay Ninh Provincial People’s Committee has just approved a resolution on investment policies for key projects in the region, with a substantial budget of hundreds of billions of dongs. This decisive move underscores the province’s commitment to fostering economic growth and developing key infrastructure projects.
“Prior to 2022, businesses paid approximately VND 100 billion in land use fees for a 10-hectare project, but this has now surged to VND 350 billion, and even up to VND 500 billion.”
Mr. Pham Duc Toan, CEO of EZ Property – a prominent real estate investment and development company, expresses his concern about certain localities’ land valuation methods. He believes that some areas base their land prices on data from real estate transactions that occurred during a heated market, resulting in significantly higher taxes for businesses.
