According to the General Statistics Office, Hau Giang province's economic growth rate in the first 9 months of 2023 is estimated at 13.30%. In 2022, Hau Giang's economic growth rate will reach 13.94%, ranking first in the Mekong Delta region and fourth in the country; in the first 9 months of 2023, the province will still maintain the highest growth rate in the country.
Obviously, at a time when the global economy in general and Vietnam in particular are facing many challenges, Hau Giang still maintains an impressive growth rate. The economic structure is shifting in the right direction, gradually reducing the proportion of agriculture, increasing the proportion of industrial production, construction, trade and services. The province is oriented to take industry as the center, successfully attracting more than 140 trillion VND of domestic investment capital and more than 617 million USD of FDI capital.
Infrastructure breakthrough and public investment of thousands of billions of dong
According to the history of socio-economic development, transportation plays a role in paving the way for socio-economic development. Hau Giang can be said to be a locality that will quickly make a breakthrough in the future when directly benefiting from nearly 100km of highway.
Of these, the two important expressways, Can Tho - Ca Mau and An Giang - Can Tho - Hau Giang - Soc Trang, are expected to be completed in 2025 and 2026, respectively. The projects, once completed, will play an important role in creating momentum for local socio-economic development and growth.
Transport infrastructure is the driving force for strong real estate development in Hau Giang.
In 2023, Hau Giang was allocated 5,000 billion VND of public investment capital, focusing on building infrastructure and planning clean land funds, meeting the needs of industrial and urban development. By the end of July 2023, Hau Giang province had disbursed more than 2,700/5,800 billion VND of public investment capital, reaching over 45% of the plan.
The Provincial People's Committee requested investors and People's Committees of districts, towns and cities to speed up disbursement, aiming to reach 95% by the end of 2023.
Market sentiment is stable, maintaining interest levels
The general market is difficult, investors are more "defensive" than "offensive", but Hau Giang real estate still records a stable level of interest. Statistics show that the level of interest in all segments increased in the third quarter. Specifically, the level of interest in townhouses increased by 25%, individual houses increased by 10%, and land increased by 15% (according to batdongsan.com.vn).
Large-scale projects with well-planned and completed infrastructure contribute to the healthy and sustainable development of Hau Giang real estate market.
In fact, at the Cat Tuong Western Pearl project (Vi Thanh City, Hau Giang), every week, hundreds of customers and investors still visit and learn about the project. Most of them are long-term investors, looking for potential products with reasonable financial levels, to anticipate the market's upward cycle.
Cat Tuong Western Pearl has been continuously successfully opened for sale with an absorption rate of over 80%.
Currently, Cat Tuong Western Pearl project is supporting customers with many flexible payment methods. Just pay 30% in advance to receive the product immediately, the rest can be paid in installments from 48 - 60 months, completely interest-free.
Or borrow up to 70% of the product value from the bank with a principal grace period and interest support program for 30 months. On average, you only need to pay installments of 5 million per month to own real estate in the center of Vi Thanh City (Hau Giang).
The above evidence shows that real estate in the Southwest in general and Hau Giang in particular has been building a solid foundation, creating momentum for sustainable growth in the future.
Khanh Vy
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