Breakthrough and growth opportunities for Hai Phong real estate market
After nearly six months of merger with Hai Duong province, an expanded urban spatial structure, economic growth and continued synchronized infrastructure investment have created a strong impetus to turn Hai Phong’s real estate into a new investment hotspot.
Significant development potential
According to Nguyen Hoai Long, Deputy Director of the Department of Construction, Hai Phong’s real estate market is facing major development opportunities, aligned with the city’s strategy for green, rapid and sustainable growth.
In the national growth picture for 2025, Hai Phong has emerged as a dynamic growth pole, with an estimated growth rate of 11.8%, 1.47 times higher than the national average, maintaining double-digit growth for many consecutive years. The number of newly established enterprises reached 7,200, exceeding the year’s target by 1,200 companies. These factors have contributed to stimulating the city’s real estate and housing development market
Alongside economic growth, Hai Phong’s transport and urban infrastructure continues to receive strong investment, with synchronized development across transport modes, expanded regional connectivity, and a series of key projects being accelerated.
At the same time, foreign direct investment flows into Hai Phong are showing strong growth momentum, driven by the city’s attractiveness and competitive advantages from a free trade zone and high-tech industrial parks.
According to Nguyen Quang Van, Chairman of the Hai Phong Real Estate Association, the city has 43 industrial parks and plans to increase the total to 69. The demand for high-quality labor to serve these industrial parks is short by more than 100,000 workers, directly impacting the real estate market as housing demand for workers is expected to rise sharply.
At the forum “Hai Phong: A focal point for real estate investment,” co-organized by the Vietnam Chamber of Commerce and Industry, the Department of Construction and the Vietnam Real Estate Association, experts noted that Hai Phong is a standout bright spot in the nationwide real estate market recovery. The 2025 – 2030 period is forecast to be a prosperous phase for the port city’s real estate sector.
Clear growth
Hai Phong’s commercial housing market has shown clear growth in 2025. Since the beginning of the year, nearly 16,000 commercial housing units have met conditions for market launch. Transactions have improved compared to the same period last year. Land and product prices have trended upward in several key areas, including Thuy Nguyen, Vu Yen, Duong Kinh and port-adjacent zones. Many new urban area and commercial housing projects are being urgently implemented.
Amid the identified opportunities and risks, Deputy Director of the Department of Construction Nguyen Hoai Long said the city has determined that housing development must be closely linked with urban renewal and real demand. Hai Phong continues to pursue the strategy of “infrastructure first, economic breakthrough,” creating new development space for real estate and establishing a solid foundation for strong growth across segments, particularly housing projects.
According to Nguyen Hoai Long, to capitalize on investment inflows, the city is creating favorable conditions for real estate enterprises to invest in and develop projects in Hai Phong. Measures include administrative procedure reform, cutting project approval time by 50%, and ensuring synchronized infrastructure for transport, electricity, water supply and telecommunications. Under the master plan for Hai Phong through 2050, with a vision to 2075, the planned construction land area by 2050 is estimated at around 175,000 - 195,000 hectares.
NGOC LAN