As one of the largest industrial parks in Phu Tho province, Phu Ha Industrial Park has attracted investment of more than 1.3 billion USD, creating jobs for more than 36,000 workers inside and outside the province.
The "industrial park effect" has caused the surrounding areas of Phu Tho ward and Phong Chau ward to develop rapidly in terms of transportation infrastructure and socio-economics.
In particular, along Hung Vuong road (also known as 35m road) - which is a road running through Phu Ha industrial park, has developed rapidly in terms of trade and services in recent years.
According to records of Lao Dong Newspaper reporters in mid-May 2026, along Hung Vuong street, there are currently restaurants, hotels, business stores...
With high buying and selling demand, even sidewalks or a small space along the road become points of sale, with all kinds of goods such as clothes, fruits, drinks, fast food...
Mr. Quan - owner of a household appliance store in Phong Chau ward - shared: "Previously, I intended to rent a premise on Hung Vuong street to sell goods, but the price was too high to rent. A land plot 5m wide on the street costs more than 6 million VND/month, and you have to rent 2 to 3 plots to be wide enough for business.
Ms. Thuong - a resident living in Phu Tho ward - said: "The high rental price is because the land is of high value, the most expensive section belongs to Phu Tho ward, from the gate of Long An village to Phu Loi urban area. The land price is high but it is very easy to sell, as soon as there is a seller, there will be a buyer very quickly.
According to Mr. Han Duc Manh - a real estate businessman in Phu Tho town and former Tam Nong district (CMT Real Estate Company) - said that land prices on Hung Vuong street have increased by 20 - 40% in the past 2 years.
According to Mr. Manh, about 2 years ago, the price of a 5m land plot on Hung Vuong street ranged from 3 - 4 billion VND, some beautiful locations could be up to 5 billion VND.
After that, when Phu Ha industrial park became increasingly crowded with workers, experts, and foreigners; in the area, infrastructure, urban areas, commerce, and services were constantly developing... which caused land prices to skyrocket.
Furthermore, there are rumors about a large corporation investing in Phu Ha Industrial Park also contributing to the rapid increase in land prices. Up to now, the price of a 5m land plot on Hung Vuong street ranges from 6 - 8 billion VND" - Mr. Manh shared.
One of the real estate "sources" on Hung Vuong street that is being noticed is land plots belonging to the project: Building Phu Ha market infrastructure and auctioning land use rights in 2 communes Phu Ho, Ha Thach, Phu Tho town (old, now Phong Chau ward).
According to a leader of the Phong Chau Ward Project Management Board (under the Ward People's Committee), the technical infrastructure of the auction area in the above-mentioned project has been basically completed. It is expected that the land plots in the project will be auctioned in June 2026.
