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| Housing projects contribute to creating a clean and modern appearance for urban areas |
Many large-scale projects are under implementation
Many new construction projects have been launched, with towering cranes becoming increasingly common throughout the city, creating a dynamic and modern space for Hue. This achievement is the result of the city’s ongoing focus on attracting investment in recent times.
Although it is just the beginning, the initiation of many projects and the acceleration of their implementation in recent times are expected to contribute to transforming the urban landscape and creating more job opportunities. At the same time, it will boost the development of services and supporting industries, particularly in areas such as tourism, commerce, and construction.
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| The structure of development investment capital in the area during the first quarter of 2025 (according to data from the city's Statistics Bureau) |
Among the ongoing projects, notable ones include urban development projects and social housing initiatives that have been launched and are expected to be completed in 2025. A prime example is the project to renovate and construct the Dong Da apartment complex, with a total investment of over 1,300 billion VND, covering an area of 8,664m². The project will include 3 basement levels, 25 floors, and 669 apartments. Once completed, it will be a modern building replacing the old, deteriorating apartment blocks.
Mr. Ngo Thanh Nam, a resident of Thuan Hoa district, Hue City expressed his excitement: “The Dong Da apartment complex has deteriorated and has become out of place in the midst of the new development area. Therefore, the demolition and the start of the Dong Da apartment project will give this area a “new coat”, eliminating the “dark spots” in Hue’s urban space. Once completed, the project will not only enhance the city's urban appearance but also bring a better life to the people living here”.
In addition to the established projects, many new projects that started construction in the early months of the year have also created a dynamic investment environment for Hue. One such project is the Osaka Park House Hue housing project in the New Urban Area of An Van Duong, Xuan Phu Ward, which was recently granted investment approval. The project is being developed on an area of 4.33 hectares, with 86 land plots ranging in size from 87.5 to 206m². In Phase 1, the project will develop the full technical infrastructure, a park, and 71 row houses ranging from 87.5m² to 110m², with each house having a 4-story design. In Phase 2, the developer will continue with 15 additional row houses and a kindergarten and primary school. Currently, the project is rushing to complete the technical infrastructure, landscaping, and construction of the first row houses.
Mr. Chu Tien Dung, Director of Osaka Hue Project Co., Ltd., the developer of the Osaka Park House Hue housing project, stated that the company is focusing on accelerating the progress of Phase 1 and aims to complete it by the end of 2025. As for Phase 2, if the land clearance process goes smoothly, the company will begin construction in the third quarter of 2025. Additionally, the company will invest in three roads surrounding the Aranya apartment complex (Xuan Phu Ward) and the entire project to create a convenient and modern living space for the residents in the area.
Along with that, many housing projects have also been gradually completed, such as the B1-A commercial and service apartment complex, the An Cuu City shophouses; and the Pham Van Dong service, commerce, and tourism complex with various components like row houses and villas.
Data from the city’s Statistics Bureau shows that in the first quarter of 2025, development investment capital in the area increased by 7% compared to last year, reaching 6,751 billion VND. Of this, state capital is estimated at 1,104 billion VND; foreign direct investment is estimated at 982 billion VND; and private capital is estimated at 4,665 billion VND, accounting for 69.1% of the total capital, a 25.1% increase compared to the same period last year. The significant increase in private capital is primarily due to key projects that investors are focusing on accelerating, such as: the construction of multi-purpose berth, including container terminals No. 4 and No. 5 at Vsico Chan May Port; the Kim Long Motor Hue production and assembly complex; the Royal Park Hue project; the B1-A commercial and service apartment complex, An Cuu City shophouses; and the reconstruction of apartment blocks A, B, and C in Dong Da apartment complex.
In addition, during the 50th anniversary of the city’s Liberation Day on March 26, many other major projects were also launched, creating new momentum and strength in investment promotion activities in the area.
Creating momentum for investment activities
It is undeniable that the business community is making good use of Hue’s advantage, a centrally governed municipality, to make breakthroughs during this period. At the same time, the local government has been more supportive of businesses, from project implementation to when they are operational. As a result, the projects have not only been launched and ground-breaking ceremonies held on schedule, but have also made significant contributions to the overall growth of the city. With a GRDP growth rate of 9.9% in the first quarter, Hue is among the leaders in growth rates in the North Central and Central Coast regions.
It can be said that accompanying the projects has also opened up many more opportunities for cooperation between the government and both domestic and foreign partners. This, in turn, promotes the comprehensive development of the city.
This has also been affirmed and highly appreciated by many businesses. Mr. Chu Tien Dung stated that during the implementation of the project, the company has received support and cooperation from the government and various departments in completing legal procedures, speeding up the land clearance process, and laying the foundation for the project to proceed according to the planned schedule.
An example is the FPT Education Complex project in Hue (An Van Duong New Urban Area, Thuy Thanh Commune, Huong Thuy Town). Thanks to smooth coordination and strong support and connection between the government and businesses, immediately after the topping-out ceremony, FPT Group held a meeting with the city's leaders and relevant departments to explore further development directions in science, technology, innovation, and digital transformation. According to this, FPT Group will accompany Hue in building the digital transformation plan/program for the period 2026-2030, as well as improving data infrastructure and digital platforms. This collaboration is expected to make Hue one of the leading localities in science, technology, and innovation, meeting the development demands of the digital era.
Sharing about some key tasks for the upcoming period at the regular press conference for the first quarter of 2025 held by the City People’s Committee, Mr. Phan Quoc Son, Deputy Director of the Department of Finance, stated that the city will continue to promote administrative reforms, improve the investment and business environment, and further innovate to enhance the capacity, quality, and effectiveness of investment promotion activities. This includes accompanying and supporting investors in addressing challenges related to planning, investment procedures, land, and land clearance, ensuring proactivity and readiness in investment attraction efforts. Additionally, the city will strengthen monitoring of off-budget investment projects according to regulations, focusing on resolving delayed projects to create a healthier and more transparent investment environment.