Booming Economy and Infrastructure
Investment incentives and industrial development orientations have transformed Thai Nguyen into a leading industrial hub and growth center in the Mid-Northern Mountainous region. The province’s economic scale has continuously expanded, solidifying its position in the region. Thai Nguyen’s economic growth rate in recent years has been high compared to the national average, reaching 6.5% in 2024. The province’s export value index ranks 5th in the country, with nearly US$27.6 billion.
Thai Nguyen’s economic resilience stems from its investment inflows, particularly FDI, which leads the region. Major investors include Samsung and Masan. As of January 2025, Thai Nguyen had 223 effective FDI projects with a total registered capital of approximately US$11.3 billion. Samsung, with over US$7.5 billion in investment, has turned the province into a global smartphone and component manufacturing hub. Other FDI projects in the fields of auxiliary industries and high technology continue to be implemented.
The development of industries, particularly electronics, has propelled Thai Nguyen into one of the leading export provinces in the country. In 2024, the province’s exports reached US$27.34 billion, ranking 6th nationwide. In the first two months of 2025, Thai Nguyen’s exports were among the top 3 in the country.
Thai Nguyen maintains a high Provincial Competitiveness Index (PCI) ranking, reflecting its efforts in administrative procedure reform and the creation of a favorable investment environment. The province also focuses on planning and investing in industrial infrastructure in large industrial parks such as Song Cong I, Song Cong II, Yen Binh, and Diem Thuy, which have high occupancy rates.
In tandem with industrial development, Thai Nguyen’s transportation infrastructure has been invested in, expanded, and upgraded to enhance intra-provincial and inter-regional connectivity, providing a boost to socio-economic development. The Hanoi-Thai Nguyen Expressway, National Highways 3, 37, and 1B connect the region with the provinces of Bac Kan, Cao Bang, Bac Giang, Tuyen Quang, Lang Son, and Hanoi. The Ring Road 5 project is currently in the planning stage, and upon completion, it will directly link Thai Nguyen with the provinces of Vinh Phuc, Bac Giang, Hai Duong, Hung Yen, Ha Nam, and Hoa Binh, forming a comprehensive transportation network that reduces logistics costs and fosters regional economic integration.
Provincial and intra-city road systems have also been constructed and upgraded to connect districts, cities, industrial parks, and raw material areas. Thai Nguyen city, Song Cong, and Pho Yen have been invested in building new roads, ring roads (Ring Road 1 in Thai Nguyen city), overpasses, and modern intersections to alleviate traffic congestion and enhance the urban landscape. Roads directly connecting large industrial parks to national highways and expressways are prioritized to ensure smooth production and goods transportation.
Impetus for the Real Estate Market
Thai Nguyen’s economic growth and infrastructure boost provide an impetus for the real estate market. The high-end apartment segment stands out as a promising prospect, according to industry experts. This type of real estate anticipates the influx of FDI into industrial parks, generating demand for high-quality housing for experts and engineers. These individuals have good incomes and seek green living spaces, modern amenities, and central locations with convenient transportation.
The province has also introduced policies to create an attractive investment environment, luring investors and large economic groups, both domestic and foreign. Thai Nguyen aims for projects with a substantial spillover effect, environmental friendliness, and high added value, fostering socio-economic development toward sustainability.
Recently, the local real estate market has attracted attention with a series of projects developed by renowned investors. One of the projects expected to transform the city’s landscape is the Diamond Hill Thai Nguyen luxury apartment project, located in an advantageous position on Bac Son Street, Hoang Van Thu Ward, in the heart of Thai Nguyen city. This area is considered a “golden location” due to its dynamism and vibrant lifestyle. The project is built on a land fund of approximately 1 ha, comprising two 38-story towers, currently the tallest structures in the province, with a total investment of over VND 1,500 billion.
A new symbol of Thai Nguyen is about to emerge
With the combination of a reputable investor, a professional real estate developer, and a world-leading architectural design unit, Diamond Hill Thai Nguyen is poised to become a new symbol of prosperity in Thai Nguyen city.
“The Case for Holistic Leadership: Vice Premier Ho Duc Phoc on Why Leadership Excellence Extends Beyond Provincial Wealth”
“The notion of ‘I spend what I earn’ is shortsighted. Who will tend to our border provinces and care for those in less fortunate regions? These are the concerns voiced by Deputy Prime Minister Ho Duc Phoc during his conversation with reporters at the National Assembly on May 26th.”
The Birth of a New Province: Introducing the Management Board for the Merged Territories of Quảng Trị and Quảng Bình
The proposal for the establishment of a regional Project Management Unit in Quang Tri is a strategic move to ensure efficient management of public investment projects post-merger with Quang Binh. This initiative aims to maintain the momentum of key infrastructure developments in the area, guaranteeing seamless progress, superior quality, and timely execution.
In 2025, Viglacera Aims for a Consolidated Profit of 1,743 Billion VND
With a successful track record in 2024, and leveraging the positive impact of economic governance policies and the government’s efforts to alleviate challenges in the real estate market, Viglacera Corporation – Joint Stock Company has charted an ambitious course for 2025. The company has set its sights on surpassing VND 14,000 billion in consolidated revenue.
“Vietnam’s North-South High-Speed Rail: Catalyzing the Nation’s Industrial Renaissance”
High-speed rail networks in Japan, South Korea, and China have done more than just bridge geographical gaps and connect regions; they have catalyzed the formation of high-tech industries worth hundreds of billions of dollars. With the proposed North-South high-speed rail project, Vietnam stands at a “once-in-a-century” opportunity to forge a new industrial springboard for the nation on the threshold of its aspirational ascent.
The Abandoned Property Conundrum: A Case for Higher Taxes
“It’s time to tax vacant properties, say experts, to curb property speculation and prevent waste. This measure would ensure that resources are not squandered and could help alleviate the issue of vacant properties, which is a growing concern in many cities.”
