3 Cities under the Province are grade 1 urban centers in the Southeast region | Thu Dau Mot, Bien Hoa, Vung Tau

Thu Dau Mot, Bien Hoa and Vung Tau are three industrial and service centers of the Southeast region. In particular, Thu Dau Mot and Bien Hoa are strong in industries, while Vung Tau, in addition to the oil and gas sector, is home to the top services and tourism in Vietnam. Therefore, these three places are all focused and well-invested by the State in all areas… In which, the most important are still large-scale and methodical infrastructure works.. Thuan Hung Real Estate will share will specifically overview these 3 big cities, so that everyone has a basic view of the surrounding real estate market…

What is a class 1 city?

Grade 1 cities, in the classification of urban areas in Vietnam, are those that play the role of national centers or inter-provincial territorial centers. Criteria to define a city as a grade 1 urban center include:

Position, function and role as a national, regional or provincial general center for economy, finance, culture, education, training, tourism, health, science and technology, a traffic hub, domestic and international exchange, has the role of promoting the socio-economic development of an inter-provincial region or the whole country; The structure and level of socio-economic development meet the standards specified in Appendix 1 issued together with this Resolution.

Population scale: Urban is a city directly under the central government: the population size of the whole urban area reaches from 1,000,000 people or more, the inner city reaches from 500,000 people or more; urban area is a city under a province or a city under a city directly under the central government: the population of the whole urban area reaches from 500,000 people or more, the inner city area reaches 200,000 people or more.

The population density of the whole urban area reaches from 2,000 people/km2 or more; the inner city area calculated on the urban construction land area reaches 10,000 people/km2 or more.

The proportion of non-agricultural workers in the whole urban area reaches 65% or more; Inner city areas reach 85% or more.

The level of infrastructure development and urban architecture and landscape development meets the prescribed standards.

3 centrally run cities that are grade 1 cities in Vietnam include:

1. Hai Phong is the center of the Northern Coast region
2. Da Nang is the center of Central Vietnam
3. Can Tho is the center of the Mekong Delta region

The 18 cities directly under the province are grade 1 cities in Vietnam, including:

• Thu Dau Mot, Bien Hoa and Vung Tau are three industrial and service centers of the Southeast region
• Thai Nguyen is the center of the Northern Midlands and Mountains region
• Viet Tri is a tourist city with Vietnamese ethnic roots and is the center of the northern inter-province
• Bac Ninh is a high-tech industrial city of the Red River Delta.
• Ha Long is an international sea tourism and service city; Ha Long Bay is home to the natural wonder of the world.
• Nam Dinh is the center of the Southern Red River Delta region
• Hai Duong is a manufacturing, manufacturing and assembling industrial city, playing an important role in promoting socio-economic development in the Hanoi Capital region, the Northern key economic region and the Mekong Delta region. by the Red River.
• Thanh Hoa and Vinh are two centers of the North Central region.
• Hue is a national heritage tourism center, home to two world cultural heritages, Hue Ancient Capital and Hue Royal Court Music.
• Quy Nhon and Nha Trang are two industrial, service and tourist centers of the South Central region
• Pleiku is the center and the most important urban area of the North Central Highlands sub-region
• Buon Ma Thuot and Da Lat are two centers of industry, service, education, science, technology and tourism of the Central Highlands.
• My Tho is the center of the North River Tien region.

Hanoi and Ho Chi Minh City are classified as special cities by the Government of Vietnam. In order to support the governments of these two cities to fulfill the functions of special urban areas, the Government allows the capital Hanoi and Ho Chi Minh City to enjoy a number of specific financial-budgetary mechanisms.

In which, Thu Dau Mot, Bien Hoa and Vung Tau are three industrial and service centers of the Southeast region

#1 First, Vung Tau City – Ba Ria Vung Tau Province

Vung Tau city is famous for many beautiful landscapes along with the oil and gas industry. This is one of the provinces with the highest per capita income in the country, attracting foreign investment is always in the top.

#2 Next, Bien Hoa City – Dong Nai Province 

Bien Hoa belongs to Dong Nai province, in the Southeast region. It is an important and largest industrial center of the country. In the economic structure, industry accounts for more than 60% and this number is expected to continue to increase in the coming years.

#3 Finally, Thu Dau Mot City – Binh Duong Province

Thu Dau Mot is also an independent satellite town of a regional nuclear city, including the following functions: High-tech park, clean industry with high technical content; national - international tourist routes and attractions; regional training center; service center at national and regional level and is the key in the growth triangle of HCMC - Thu Dau Mot city - Vung Tau city with the role of development engine in the North of the region.

The real estate segments are mainly in 3 cities. This first class city,

The specificity of each real estate segment will depend on what areas the region is strong in, typically Vung Tau City was promoted to Grade 1 Urban at the earliest in 2012, but it is unlikely that the general apartment segment More residents to Thu Dau Mot City, from the number of projects to the potential.

1 – Real estate segment in Ho Chi Minh City. Vung Tau

The tourism sector is the main, so Vung Tau real estate focuses mainly on condotel-standard resort apartment projects, after 2019 there will be about 5 more projects. Vung Tau apartment Secondary (no high-end) and self-contained townhouses and villas spread along the 3/2 route to the Martyrs' roundabout, along Vung Tau are wards 11 and 12 with several land plot projects, but the very small tissue.

If investing here, people can choose the segment of condotel resort apartments or commercial apartments with long floors for sublease or long-term as a family travel resort.

Famous investors present in Vung Tau real estate market include: DIC Corp (a very famous real estate enterprise here, with a long visit in Vung Tau), Hung Thinh, An Gia….

Typical project – The Wave 

Located in front of Thuy Van street, back beach of Vung Tau

2 – Real estate segment in Ho Chi Minh City. Bien Hoa

As a city specializing in industry, Bien Hoa real estate mainly focuses on the segments of commercial housing or townhouse plots, it is not obvious that from 2015 to here, the real estate fever in Bien Hoa will return. located in the land segment. With a relatively low input land fund, plus the legal mechanism for dividing plots and plots, it is quite simple and fast… The investors mainly focus on the segment of land plots and townhouses. About the segment Bien Hoa apartment, is still quite limited…It may be due to the habits of people in the area, as well as the "apartment oil stains" of HCMC that have not yet reached Bien Hoa..

If investing here, people can choose the segment of land plots or townhouses which is the most realistic

Famous investors present in Bien Hoa real estate market include: Himlam, Hung Thinh, Gotec Land, PN Hodings, Nam Long, Phu Dong....

Typical project – Bien Hoa Universe Complex

The project is about 10 minutes by car from Vung Tau 4 intersection (intersection with Highway 51 - National Highway 1A).

See more Bien Hoa Universe Complex at: https://thuanhunggroup.com/bien-hoa-universe-complex/

3 – Real estate segment in Ho Chi Minh City. Thu Dau Mot

Born later than the two urban cities of grade 1 above, but Thu Dau Mot City is a center of investment and comprehensive development including: High-tech park, clean industry with high technical content; national - international tourist routes and attractions; regional training center; service center at national and regional level and is the key in the growth triangle of HCMC - Thu Dau Mot city - Vung Tau city with the role of development engine in the North of the region.

So it's not obvious, the demand for commercial housing here is highest in the Southeast region, just behind Ho Chi Minh City. The main focus segment in this area is secondary to high-end apartment projects. Particularly in the land plot segment, there are no projects left, after the State tightened the law on dividing plots here, if there are land plot projects, it is mainly handing over land to build townhouses or villas. then completed the book.

If you invest here, you can choose the segment Thu Dau Mot apartment from mid to high end is the safest and most profitable.

Famous investors participating in Thu Dau Mot real estate market include: Vsip Joint Venture, Becamex - Tokyu Joint Venture, Dat Xanh Group, Quoc Cuong Group, Van Xuan Group, Cen Group...

Typical project – Opal CityView

Opal CityView is located right in front of Binh Duong Boulevard (National Highway 13) next to Go Dau Stadium and 5 minutes by car from AEON Binh Duong..

See more Opal CityView at: https://thuanhunggroup.com/can-ho-opal-cityview/

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