Northern Thai Binh province has emerged as a new industrial market in Vietnam’s north. It ranked 15th out of Vietnam’s 63 cities and provinces in FDI attraction in 2021, in large part due to the contribution of the Lien Ha Thai Industrial Park. In its two years, the industrial park has attracted a huge volume of FDI capital and become a spotlight for investment in the whole country, with the local real estate market expected to welcome a strong wave of investment.
Northern Thai Binh province is expected to build four social housing projects for low-income earners this year, three social housing projects for workers at industrial parks, and 40 new project zones and residential areas on a total area of more than 730 ha, or 52.5 per cent of the plan for the 2021-2025 period. The province will also build many commercial housing projects on a total area of nearly 2,400 ha.