Hai Phong real estate expected to benefit from FDI wave

Hai Phong is one of the largest economic centers in the country, maintaining a double-digit GRDP growth rate for more than a decade. In the first month of the year, the city attracted nearly 4 billion USD in investment capital, of which 5/11 projects were from foreign investors in the fields of household appliance manufacturing, welding industry, real estate, etc.

According to the Ministry of Planning and Investment, in 2024, Hai Phong will rank second in attracting foreign investment with more than 4.94 billion USD, accounting for 12.9% of total registered investment capital, an increase of 42.4% compared to 2023.

The Hai Phong Economic Zone Management Board commented that the locality scored points with foreign investors thanks to its strategic geographical location, being the gateway to trade in the Northern region, converging 5 types of multimodal transport. To date, the city has attracted over 1,000 FDI projects from 42 countries and territories, with a capital of 33.6 billion USD, contributing up to 86% of the city's total export value.

Many big corporations chose Hai Phong to invest such as LG, Pegatron, USI, Bridgestone... Among these, many large-scale projects continued to invest and expand such as LG Group's project adjusted to increase by 1 billion USD; Heesung investor's project increased by 125 million USD; DEEP C industrial park infrastructure business project increased by 169 million USD...

This locality also attracts investment from domestic and foreign real estate corporations such as NHO, Van Phu Invest, Masterise Homes, Vinhomes, and most recently Gamuda Land...

In addition to foreign investment capital, the port city has the advantage of increasingly complete transport infrastructure. At the end of November 2024, the news that Hai Phong was implementing the project to build a second cross-sea bridge brought many expectations for new development momentum.

Architect and planner Le Tan Ky said that Hai Phong is one of the most attractive cities for investment because it converges various economic sectors, from heavy industry, high-tech industry, to tourism and logistics. This diversity creates a foundation for sustainable development, allowing the locality to build a master plan with a long-term vision.

Hai Phong’s economic growth has also created significant changes in the population structure and living and investment habits of the people. A representative of real estate developer NHO said that instead of looking for opportunities in big cities, people choose to return, stay and develop in the city.

Accordingly, young people, high-income earners and modern lifestyles tend to choose luxury apartments to meet their work and personal development needs. This is one of the factors that motivates businesses to develop the Gem Park project targeting residents with a long-term vision.

Developed by a team of Korean experts, Gem Park possesses modern architecture and more than 50 high-end amenities. Of which, 5,000 m2 of indoor amenities provide a relaxing space, meeting the needs of shopping, entertainment and physical training activities. The 10,000 m2 park with a variety of green trees providing shade all four seasons, located next to two large rivers, Cam River and Re River, creates a fresh, airy atmosphere for residents to immerse themselves in nature.

In addition, the project also has a central location, about 5-10 minutes drive from administrative agencies, adjacent to large industrial parks, shortening travel time for residents.