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In late 2023, the Haiphong Master Plan for the 2021-2030 period, with a vision to 2050, was approved. Accordingly, by 2025, the city will adjust the administrative boundaries of Hong Bang district and establish the districts of An Duong and Thuy Nguyen.
In this context, Thuy Nguyen, located just 12 kilometers north of Haiphong’s center, has become an attractive destination for many large investors.
Thuy Nguyen Party Committee Headquarters. Photo: Bich Thuy
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According to Ms. Nguyen Le Dung, Head of Brokerage and Investment, Savills Hanoi, with the upgrade from a district to a city, Thuy Nguyen has the potential to become a destination for high-end projects thanks to investments in infrastructure, especially transportation and social utilities. In the future, it will house the new headquarters of all Party, government, Fatherland Front, and socio-political organizations of Haiphong. Thuy Nguyen is considered the new administrative center and plays an important role in the economy, culture, and services in the Red River Delta region, aiming to become a smart, eco-friendly, and sustainable city.
Located to the north of Haiphong, with Quang Ninh to the east and north, Hai Duong to the west, and Haiphong’s inner districts to the south, Thuy Nguyen enjoys convenient transportation connections to surrounding provinces and cities. Its area of 26,910 hectares, including Vu Yen Island, provides opportunities for diverse urban development, serving multiple purposes such as industry, commerce, tourism, and fisheries, taking advantage of its coastal location.
Hoang Van Thu Bridge connecting Thuy Nguyen to Haiphong’s center. Photo: Bich Thuy
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During the 2022-2025 period, Haiphong is focusing its efforts and resources on developing Thuy Nguyen into a modern and civilized urban area to meet the standards for becoming a city by 2025.
This provides a boost for large-scale real estate project developers. According to Savills Hanoi, the Thuy Nguyen real estate market is witnessing a strong shift towards diverse and sustainable products. Developers can seize this opportunity to build smart cities that harmoniously integrate living, working, and entertainment spaces. Investing in green solutions not only meets customer demands but also enhances the company’s position in the new market of Thuy Nguyen.
Moreover, the presence of reputable domestic and foreign investors, such as Van Phu – Invest with the Vlasta – Thuy Nguyen project, Masterise Homes with The Centric, and Vingroup with Vinhomes Vu Yen, has contributed to raising standards and improving product quality in the area.
Infrastructure development in Thuy Nguyen is gaining traction. Photo: Bich Thuy
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However, Ms. Dung suggested that project developers should take advantage of Thuy Nguyen’s favorable factors, such as exploiting natural landscape and geographical location advantages, and promoting cooperation with local authorities and industry partners to ensure smooth and efficient project implementation.
In addition, businesses can further leverage the cultural, historical, and tourism aspects of the district. Thuy Nguyen’s Nui Deo town is home to numerous relics, including the Cao Quy stake field, Bach Dang Giang relic, Song Lo Navy relic, and Le Son Pagoda.
This calls for developers of urban projects in the area to devote time and effort to studying the cultural and historical characteristics of the port city to create a iconic project that evokes a sense of pride for the people of Haiphong.
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