From July 1, 2025, Phu Tho ward was established on the basis of merging the entire natural area and population of Hung Vuong ward, Van Lung commune and Ha Loc commune of the old Phu Tho town. The new commune-level administrative unit has an area of over 23km2 and a population of nearly 28,000 people.
It is noteworthy that the old Hung Vuong ward was the central ward of Phu Tho town, which was formerly the headquarters of the Phu Tho Town Party Committee with many agencies, units, schools, public places... the transport infrastructure system has been built synchronously and modernly.
Meanwhile, the old Ha Loc commune area almost covers the entire Phu Ha industrial park - an industrial park that has attracted more than 1 billion USD in investment, a place with tens of thousands of domestic and foreign workers and many domestic and foreign experts... In recent years, the "industrial park effect" has caused Ha Loc commune to strongly develop in trade, services, and small-scale industry.
Not only that, in Phu Tho ward, there are many important traffic routes such as: Noi Bai - Lao Cai Expressway (IC9 Intersection), Tuyen Quang - Phu Tho Expressway (end point), Ho Chi Minh Road, Provincial Road 315, Provincial Road 311, Hung Vuong Road...
With the above conditions and strengths, along with the special feature of the ward name being the same as the province, real estate prices in Phu Tho ward after the merger have increased rapidly, especially in the area around Phu Ha industrial park.
Mr. Tran Van Hung - a resident of Phu Tho ward (old Ha Loc commune) - shared: "After the merger, the land price in my home area has increased rapidly. For example, a piece of land on village roads and alleys that was previously only about 1.1 - 1.2 billion VND is now about 1.6 billion VND. Prices have increased but there is no land to buy, it can be said that when opened, it is lost, the name of Phu Tho ward, Phu Tho province is really attractive".
According to Mr. Han Duc Manh - a real estate trader in the old Phu Tho town area (CMT Real Estate Company) - real estate prices in all places in the new Phu Tho ward have increased. However, the strongest increase was in the area around Phu Ha Industrial Park.
"In auction areas and resettlement areas around Phu Ha Industrial Park, even land plots on Border 2 and Border 3 have increased by more than 1 billion VND/plot after only a few months. For example, a plot of land previously merged for about 2.3 billion VND now has 3.6 - 3.7 billion VND that cannot be bought. Not only real estate traders, but also real estate needs, many people who contact me buy land simply because they like the name Phu Tho ward, Phu Tho province" - Mr. Manh shared.
