Why Invest in Viet Tri, Phu Tho?

The Ancestral Land’s Innate Power: A Region Rich in Heritage and History

Phú Thọ is not just the ancestral land of the Vietnamese people, but also a place where historical values and ancient relics converge, offering a unique experience that is hard to find elsewhere.

The region boasts a favorable geographical location with its back leaning on the Tam Dao mountain range and its face towards the Red River, bringing good feng shui. This special position also makes Phú Thọ a “promised land” for investors as it brings wealth and luck to its owners.

Việt Trì, the capital of Phú Thọ province, is also the administrative center of the region, housing key institutions such as the State Bank of Vietnam – Region 4, which covers six provinces, the Tax Department – Region 8, the State Treasury – Region 8, and the Social Insurance – Region 18. This administrative advantage not only provides a convenient and secure living environment but also opens up great potential for real estate development. In fact, administrative centers are known to have high potential for real estate growth and often command the highest property prices, which also increase rapidly.

Việt Trì – The Strategic Administrative Center of the Region

In addition to its prime location, Việt Trì also benefits from significant infrastructure developments that attract investors. Major transportation routes, such as the Hanoi-Lao Cai expressway, have reduced travel time between Hanoi and Việt Trì to just over an hour. The Capital Region’s Ring Road 5 has transformed Phú Thọ into a major cargo transshipment center between Hanoi and the northern provinces. Other projects, including the expansion of National Highways 32C, 2, and 70, further enhance cargo circulation and logistics efficiency.

These transportation networks serve as the lifeblood of the region’s development, connecting it to most economic, tourism, industrial, and urban centers within the province and the country. The improved connectivity shortens distances and travel time while expanding the region’s development potential.

Việt Trì is also at the heart of the new industrial hub of Phú Thọ province, with seven industrial parks and 28 industrial clusters hosting large-scale projects. The region has attracted multinational corporations such as Honda (Japan), Foxconn (Taiwan, China), Sumitomo (Japan), and Goertek (China). Along with the growth of the industrial sector, Phú Thọ has seen an influx of domestic and foreign experts, leading to a significant increase in the demand for high-quality living environments.

Currently, there are almost 14,000 high-level experts and engineers residing and working long-term in the province, a number that is expected to grow rapidly in the future. This has resulted in a proportional increase in the demand for premium apartments and modern living spaces that meet the stringent criteria of this discerning clientele.

Phú Thọ – The Future Industrial Hub

In recent years, Phú Thọ province has implemented numerous investment attraction policies, especially in the fields of real estate, industry, and tourism. Notable examples include tax incentives for real estate projects in priority development areas, land rent and use fee exemptions or reductions for projects in new urban areas, industrial parks, and tourism-related real estate. The province has also streamlined investment procedures and shortened approval times for real estate projects, providing transparency in planning and land-use policies to build trust among businesses and homebuyers.

Profitable and Sustainable Investment Opportunities in Phú Thọ’s Real Estate Market

Following the infrastructure development and investment attraction policies, investors in Northern Vietnam have started to shift their focus. Areas on the outskirts of major cities and provinces adjacent to them have become attractive destinations for investment capital. This shift is a natural consequence of the limited opportunities in large markets like Hanoi, coupled with the rapid urbanization of peripheral provinces, making their real estate markets increasingly vibrant.

According to a report by the Vietnam Real Estate Research Institute (VARSIRE), apartment prices in Hanoi had increased by 64% as of Q3 2024 compared to the base period (Q2 2019). Following this wave, apartment prices in neighboring provinces like Phú Thọ, Vĩnh Phúc, Bắc Ninh, and Bắc Giang have also seen significant increases. Research by the VIC Grand Square project developers indicates that real estate prices in Việt Trì, Phú Thọ, rose from VND 15-35 million/m2 in 2020 to VND 37-60 million/m2 in 2025.

Phú Thọ’s Real Estate Market: Significant Growth Potential

However, these prices are still not commensurate with the region’s potential. Therefore, Phú Thọ’s real estate market, particularly in Việt Trì, has ample room for growth, presenting a golden opportunity for forward-thinking investors to capitalize on long-term price appreciation.

With numerous development drivers, the ancestral land of Vietnam is poised to become an attractive investment destination and a dynamic economic hub in the North. Thus, when choosing investment products, in addition to factors such as prime locations, competitive price levels, and infrastructure connectivity, long-term growth potential should also be considered. Well-planned real estate projects with strong business potential are the preferred choice for investors with a strategic vision, making Phú Thọ an ideal destination for their capital.