Located on the banks of the beautiful Gulf of Tonkin, Hai Phong has long become a destination attracting the attention of both domestic people and international tourists. With natural beauty combined with outstanding development, Hai Phong City is not only a place where “flowers bloom” but is also opening up a top opportunity for the real estate market.
Looking at Hai Phong’s development in recent years, it is not difficult to recognize the significant transformation of this city. Investment in transportation infrastructure and facilities has created favorable conditions for economic and social development, creating many new opportunities for many fields, including the real estate market.
Please review with Sen Vang Group in the article below Development potential of the real estate market Hai Phong city through natural, economic and social factors.
Hai Phong’s nature contributes an important part to the development potential of the real estate industry in this locality.
Hai Phong city is a coastal city located downstream of the Thai Binh river system in the Red River Delta. Possessing an impressive geographical location, 102 km southeast of Hanoi Capital, adjacent to the provinces of Quang Ninh, Hai Duong, Thai Binh, and East Sea (125 km long coastline)
In the socio-economic development strategy of the Red River Delta, Hai Phong is identified as a growth pole of the northern driving economic region (Hanoi – Hai Phong – Quang Ninh); is the Economic – Scientific Center -carefully synthesis of the Northern Coastal Region and one of the development centers of the Northern Key Economic Region and the whole country (Decision 1448 /QD-TTg dated September 16, 2009 of the Prime Minister).
Hai Phong is located at the intersection of important sea and road routes. The city has Lach Huyen international seaport, helping to connect with international markets and promote economic development. Transportation convenience is an important factor promoting the development of the real estate industry.
The land is spacious and diverse: Hai Phong has a large area and diverse terrain, from plains to mountainous areas. This creates many diverse real estate development opportunities, from housing projects, urban areas, industrial parks to resorts.
Coastline and natural landscape: Hai Phong’s coastline is over 125 km2 long, low and quite flat, mainly sand and mud from 5 main river mouths flowing into the sea. Hai Phong also has Cat Ba Island, a world biosphere reserve, and Cat Ba is also the largest island in the Ha Long Bay area.
With climate Temperate and tropical, Hai Phong has four distinct seasons and stable temperatures all year round. This creates favorable conditions for the development of real estate projects such as apartments, villas, and resorts, because of the comfortable and attractive living environment.
It is the synchronous investment in roads, wharves, yards, and completed traffic connections that has created Hai Phong’s space closer to other economic regions. The city also offers solutions to help develop and increase industry and tourism every year. These two activities are growing strongly, contributing to creating more jobs and attracting workers, making real estate investors more interested.
Railway infrastructure
Hai Phong has developed a railway network linking with regions throughout the country, especially with Hanoi and the southern provinces.
According to the City Planning Report. Hai Phong period 2021 – 2030, vision to 2050 – draft for public comments of the City People’s Committee, Hai Phong plans to build 4 new national railway lines; 4 urban railway lines, including an elevated route combined with an underground route through Cat Bi Airport area.
According to the railway network planning for the period 2021 – 2030, with a vision to 2050, there will be 4 railway lines related to the city area. Hai Phong.
Specifically, build a new double-track railway line, gauge 1,435mm Hanoi – Hai Phong. The route runs along the Hanoi – Hai Phong expressway (south of the expressway) to Nam Hai Phong station, connecting Hai Phong international gateway seaport and the port areas of Dinh Vu, Nam Do Son, Lach Huyen, expected to be implemented in 2030. New construction of Nam Dinh railway –peaceful – Hai Phong – Quang Ninh is a route parallel to the coastal road, expected to be implemented in 2030.
Research to build a new railway connecting Yen Vien – Ha Long railway to Lach Huyen port. This will be a route to serve freight transport (through Thuy Nguyen new city) when needed, expected to be implemented in 2030.
At the same time, upgrade and renovate the existing railway line in the future when forming a new high-speed railway line Hanoi – Hai Phong. Research to convert the existing line into an urban railway, connecting with other urban railway lines at Hai Phong transit station area, expected to be implemented in 2030.
Coastal railway Nam Dinh – Thai Binh – Hai Phong – Quang Ninh (including the South Hai Phong – Ha Long section) gradually build railway lines connecting regions and inter-regions to suit the needs of each stage, expected to be implemented in 2050.
Road
Roads in Hai Phong have undergone a process of investment and improvement, creating a reliable and efficient transportation infrastructure. Improvements and expansions to national highways, provincial roads and inner-city roads have contributed significantly to the city’s development. In addition, the implementation of road upgrading projects, construction of underpasses and overpasses has contributed to reducing traffic congestion and optimizing transportation.
Arterial roads connecting Hai Phong with other provinces include: National Highway 5, National Highway 10, National Highway 37, and expressways such as Hanoi – Hai Phong Expressway, Quang Nam coastal highway. Ninh – Hai Phong –Ninh Binh.
Hai Phong is also known as the city of a hundred bridges, with “trillion” bridges. During the period 2021-2025, Hai Phong city plans to build more than 100 bridges.
Some typical bridge projects include: Binh bridge across Cam river connecting Hong Bang district and Thuy Nguyen district, said to be one of the most beautiful bridges in Southeast Asia; Lac Long bridge spans Tam Bac river, in Hong Bang district…
Regarding urban transportation, Hai Phong has about 600 streets, located in 7 inner-city districts. The longest road is Pham Van Dong street, 14.5km long. The shortest is Doi Can street, connecting from Le Loi street to Luong Van Can street in Ngo Quyen district, just over 70 meters long.
Most districts of Hai Phong have bus stations for transporting passengers and goods.
Waterway
Hai Phong has a strategic location, the gateway to the sea connecting the whole North to the world. Therefore, the city’s seaport system was focused on investment and expansion very early. In the early 20th century, Hai Phong port had close relationships with many major ports in Southeast Asia, Asia, Oceania, North America, along the Indian Ocean, Mediterranean, Atlantic, and Northern European seas. …
Hai Phong Port is a national-level general seaport cluster, along with Saigon Port, one of the two largest seaport systems in Vietnam, currently being upgraded by the Government. Hai Phong Port is located on the maritime traffic route, connecting Singapore with Hong Kong and ports of East Asia and Northeast Asia.
In addition to the seaport, in Hai Phong there are more than 20 other ports with different functions, such as transporting liquefied chemicals (gasoline, oil, gas), shipbuilding ports, and ports for small river transport ships. 1-2 tons tonnage such as Vat Cach river port, So Dau river port.
Inland waterways
Inland waterway transport activities are an important link in Hai Phong’s logistics development. However, for many years, this transport route has not operated effectively, only reaching about 2% of the total container cargo output through Hai Phong international gateway port.
With the advantage of having an inland waterway network nearly 2,700km long, accounting for about 40% of the total length of inland waterways in the country, and the newly implemented fee reduction decision, many logistics experts expect Hai Phong to expand revenue. Attracting containerized goods by waterway reduces the load on road transport.
Airline
Hai Phong currently has only one airport for civil service and Cat Bi International Airport is the first airport in the North. Cat Bi Airport is a level III airport, located in Hai Phong city, Northern Vietnam. The airport is located 5 km from the city center. The city has a project to upgrade the airport to build an international airport in Hai Phong expected to be located in Tien Lang district.
This project is likely to be the largest airport in the North with a scale of about 6,000 hectares with a current total estimated investment capital over 3 phases to 2030 of more than 8 billion USD.
Thị trường Bất động sản Hải Phòng 
Growth rate of GDP and GRDP of 5 centrally run cities
first quarter 2023 (%)
Compared to other centrally run cities, Hai Phong has speedGRDP The highest growth rate was 9.94, 2.2 times higher than the national average.
Total (GRDP) The first 6 months of 2023 are estimated to increase by 9.94% over the same period last year (planned increase of 12.7%-13%), ranking 3rd in the country and 1st in the Red River Delta.
On average, in the first 6 months of 2023, CPI increased by 3.64% over the same period last year, higher than the increase of 2.73% in the first 6 months of 2022. Compared to the same period last year, CPI in June 2023 increased by 2.99%. %. Among the 11 main consumer goods groups, there are 09 groups with price increases and 02 groups with price decreases.
Total State budget revenue in the city in the first 6 months of 2023 is estimated at 46,490.8 billion VND, reaching 39.93% of the estimate assigned by the City People’s Council and equal to 84.83% compared to the same period last year. .
From the beginning of 2023 to June 23, 2023, the total foreign investment capital attraction across the city reached 1,811.94 million USD, equal to 164.8% compared to the same period in 2022.
Hai Phong’s competitiveness in 2022 will reach 70.76, ranking 3rd in the country and the highest among the 5 centrally run cities. In general, in the period 2018-2022, Hai Phong’s CPI increased sharply under the correct leadership of the board of directors. Leadership with strict legal regulations and the strength that the coastal province has many economic advantages helps promote dynamism and increase competitiveness with other provinces.
Chart:Comparison of the competitiveness of 5 centrally run cities in 2021 and 2022
According to Resolution No. 10 of 2014 of the City People’s Council, district centers and hospitals are gradually reviewed and invested in upgrading and building new modern ones. Most notably, at the end of 2021, Duong Kinh district started construction of the district Medical Center, with a scale of 7 floors, 700 beds, and a total investment capital of more than 222 billion VND. Previously, An Lao Hospital was also invested in building many new items. In addition, there is also Thuy Nguyen General Hospital, which was completed and put into use
In 2022, Hai Phong tourism will welcome 7 million visitors, exceeding 54.5% of the plan, increasing 94% compared to 2021, demonstrating a strong recovery after the COVID-19 pandemic. With that strategy, a number of tourism products such as Food Tour Hai Phong and City Tour are renewed and repositioned. With a good recovery momentum, the tourism industry aims to welcome 7.3 million visitors by 2023. According to analysis of the number of visitors arriving in 2022, Hai Phong is mainly domestic tourists, accounting for more than 90%.
According toDecision No. 323/QD-TTg(2023) about “General planning of Hai Phong city until 2040, vision to 2050”, Hai Phong is regulated according to the following headings
Spatial development orientation planning map of Hai Phong city
With the goal of developing the Hai Phong city area to become a modern international logistics center, associated with an international seaport connecting with corridors, economic belts, urban construction land of Hai Phong is planned. antstang up when the project develops regional space in the period 2040 with a vision to 2050
Some key plans of Hai Phong include:
Overview of Hai Phong Real Estate market in early 2023. Updated August 2023
Source: Compiled by Golden Lotus
For resettlement land and subdivided landCentral district and some key economic development areas such as Hong Bang, Le Chan, Hai An, Thuy Nguyen, An Duong… land prices decreased by 15-20%, down 20-25% compared to the first quarter /2022. At the present time, prices are more stable, the situation is decreasing more, cutting losses are becoming less, the number of transactions has decreased a lot, mainly selling to consumers to build houses, keep money or invest in the medium and long term.
For residential land among peoplealso decreased in general with the market, transactions decreased a lot because consumers have many choices in subdivisions with reasonable prices, accessible by car, synchronous traffic infrastructure… Real estate prices in the area The center fluctuates around 35-40 million/m2, in the suburban area about 8-15 tr/m2
Industrial real estate is a bright spot and strong development of the Hai Phong real estate market. In addition to 5,000 hectares of 12 industrial parks that Hai Phong is investing in, Hai Phong also develops 15 more industrial parks with an area of 6,200 square meters. ha attracts an additional 12-15 billion USD
Hai Phong orients sustainable development of industrial parks and economic zones in the direction of ecological industry. HP currently has 2 ecological industrial parks: Nam Cau Kien Industrial Park (236.32 hectares) and DEEP C Industrial Park (540 hectares), accounting for 16.5% of the industrial park area.
Currently, the occupancy rate of industrial parks in Hai Phong is very high, reaching over 90%, with the average rental price of industrial real estate reaching up to 100 USD/m2/rental cycle, which is high in the Northern market (higher than Hung Yen). , Bac Ninh,Hai Duong). Industrial parks with high rents in Hai Phong are all industrial parks with convenient logistics locations, good ecological infrastructure and many synchronous amenities to serve investors such as Nam Cau Kien Eco-Industrial Park, Nam Cau Kien Industrial Park, and Industrial Park. Deep C Ecology, Nam Dinh Vu Industrial Park, Trang Due, Vsip…
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Above is general information about “Hai Phong – City of blooming flowers and top opportunities for the real estate market” Provided by Sen Vang Group. In addition, to see more articles about project development consulting, readers can visit the website senvangdata.com. |
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