Hai Phong has recently taken steps to attract real estate investment, promising to bring a new urban appearance and economic growth momentum to the city.
The Hai Phong City People’s Committee has officially approved allowing five major investors to conduct research and propose investments in seven urban area projects, with a total area exceeding 576 hectares.
This decision was made following a key meeting chaired by the Chairman of Hai Phong City People’s Committee, focusing on the implementation progress of BT projects, key transportation projects, and resettlement for the 2026–2030 period. In addition to firmly addressing delays in transportation and resettlement projects, the city also showed flexibility by deciding to convert the investment form of the 359C urban trunk road project to public funding.
The most notable highlight in this decision is the selection of five reputable investors to research urban projects across seven different sites in the city. Each project holds its own potential and unique characteristics, promising to diversify Hai Phong's real estate market. The selected companies are all well-known and reputable names in the real estate sector.
Specifically, the giant Masterise Lumiere Office has been given the green light to research a 45-hectare plot in Quan Toan Ward (Hong Bang District). This location, previously home to old steel factories and nearby areas, is expected to be transformed into a dynamic, modern urban area harmoniously combining living and working spaces.
Next, Doji Land Real Estate Investment Co., Ltd. has been assigned to research a large area of 265 hectares stretching from the south of Lach Tray River through Dong Hoa Ward (Kien An District) to Hung Dao and Da Phuc Wards (Duong Kinh District). With this impressive scale, Doji Land has the opportunity to create a riverside mega-urban area with green living spaces and top-tier amenities.
Equally important, Viconship Industrial Infrastructure and Real Estate Co., Ltd. has been entrusted to simultaneously research two plots. The first area, about 46.1 hectares, located in Hoa Dong and Lam Dong Wards (Thuy Nguyen City), is expected to become a modern urban area aligned with the development of nearby industrial zones. The second plot, approximately 37 hectares, located in Quan Trữ, Dong Hoa, and Nam Son Wards (Kien An District), offers the opportunity to develop a civilized residential area conveniently connected to the city center.
Meanwhile, Hoang Huy Financial Services Investment JSC has also been selected for two potential projects. The first plot, about 57.5 hectares in Thuy Duong Ward, is expected to deliver high-quality real estate products. The second plot, approximately 90 hectares in Lam Dong and Hoa Dong Wards (both in Thuy Nguyen City), promises to be a newly planned urban area with ideal living spaces.
Vingroup JSC continues to affirm its position as Hai Phong People’s Committee assigns it to research a 31-hectare plot in Thuong Ly Ward (Hong Bang District), located near the successfully developed Vinhomes Imperia project. With proven experience and capacity, Vingroup is expected to deliver a high-class project that will transform the area's appearance.
The Chairman of Hai Phong City People’s Committee has also instructed the investors to urgently carry out research, develop detailed planning and investment proposals, and report to the City People’s Committee through the Department of Finance. The Chairman emphasized the importance of ensuring project progress and quality, warning that accountability will be reviewed for units that delay their assigned tasks.
The approval for researching a series of large-scale urban projects, combined with strong measures to tighten the progress of public investment, demonstrates that Hai Phong is carefully preparing for a new growth cycle. This is not simply a story of real estate investment but also reflects the city's strategic vision in restructuring urban space, meeting housing and infrastructure demands as it strives to become a major growth hub in northern Vietnam.
Attracting reputable investors with well-planned projects will comprehensively transform Hai Phong’s urban appearance. The new urban areas will not only provide high-quality living spaces but also come with synchronized technical and social infrastructure, including transportation, education, healthcare, and cultural and entertainment facilities. Notably, Hai Phong's focus on developing urban areas in potential locations, such as along the Lach Tray River or near industrial zones, reflects careful urban planning. This approach efficiently utilizes land resources while creating harmonious connections between living, working, and economic-social activities.
Furthermore, the development of large-scale real estate projects will generate positive economic impacts, creating thousands of new jobs during construction and operation, attracting significant investment capital, boosting the growth of supporting industries, and contributing to state budget revenue. This is not only an opportunity for businesses to develop but also a crucial foundation for Hai Phong to realize its goal of becoming a smart, green, clean, beautiful, and livable city in the future.