The First Target of N.H.O’s Transformation Journey Since 2024

**The Road to a Spectacular Transformation**

According to the latest statistics, Hai Phong city has attracted over $1.7 billion in foreign direct investment (FDI) in the first eight months of the year, maintaining its position as one of the leading FDI destinations in the country.

South Korea has been the strongest investor in Hai Phong, with investments totaling $12 billion as of Q1 2024, accounting for 40% of the city’s total FDI and 14% of South Korea’s total FDI into Vietnam. Hai Phong is also a key investment hub for LG, one of South Korea’s leading technology groups. This multinational corporation has invested over $8 billion in the city across various large and small projects. Other conglomerates such as Heesung, Ohsung, and Woosung are following LG’s lead, firmly establishing their presence in this vibrant port city.

In the same period, the city’s credit growth reached nearly 21%, indicating a strong demand for credit and a swift disbursement pace, which are positive signs for Hai Phong’s economy.

The retail sector, a reflection of the city’s dynamism, also achieved encouraging results with an 8-month growth rate of 13.35%, outpacing the national average of 8.5%.

**Attracting Investments and Developing a Modern, Smart, and Sustainable City**

Parallel to attracting investments, Hai Phong is committed to urban development with a focus on modernity, smart technologies, and sustainability. The city’s urban development program, with a vision towards 2040 and 2050, aims for an urbanization rate of 74-76% by 2030, showcasing the local government’s determination to transform Hai Phong into a modern, civilized, and livable city.

The robust economic, social, and infrastructure development has provided a significant boost to Hai Phong’s real estate market. The strong investment wave from large domestic and foreign economic groups has led to a surge in demand for housing, offices, and commercial properties. Notably, the high-end real estate segment is experiencing robust growth, catering to the increasing demands of the international community and foreign experts living and working in the city.

The emergence of large-scale, internationally-standard real estate projects developed by reputable domestic and foreign investors is a testament to the city’s real estate market potential.

**N.H.O’s Unique Strategy for Capturing the Million-Dollar Market**

N.H.O, a South Korean real estate developer with a vision to conquer the million-dollar market, has recognized the immense potential of Hai Phong’s real estate landscape. With 12 years of experience in Vietnam, N.H.O has delivered over 10,000 products across 8 provinces and cities. Holding a land fund of 200ha in prime locations in key cities such as Ho Chi Minh City, Thu Duc, Binh Duong, Hai Phong, Quang Ninh, and An Giang, N.H.O aims to create 20,000 high-quality residences and prosperous communities in the next 12 years.

N.H.O’s quality products have attracted the attention of business agents who are keen to collaborate, with offerings spanning from North to South Vietnam. Source: N.H.O

Hai Phong, chosen as the first destination in the company’s transformative journey in 2024, was announced at the “OPENING A NEW ERA” event. Mr. Jeong Cheol, a member of the N.H.O Board of Directors, shared:

> “As one of the three strongest economic triangles in Northern Vietnam, Hai Phong is a beautiful and vibrant city with immense long-term potential. We selected Hai Phong with the desire to accompany the city in elevating its people’s living standards and illuminating its real estate market. For N.H.O, Hai Phong represents a million-dollar market full of opportunities.”

N.H.O is not just about delivering quality products; they are committed to creating a comprehensive real estate ecosystem that maximizes customer satisfaction. Gem Park, N.H.O’s inaugural project in Hai Phong, is a testament to this developer’s promise of delivering unique and differentiated values.

**Gem Park: A Symbol of N.H.O’s Commitment to Creating Differentiated Values**

Gem Park (a project for the construction and sale of high-rise apartments and rental office buildings) is a project meticulously researched and developed by N.H.O, reflecting their deep understanding of the local culture, lifestyle, and needs of Hai Phong’s residents. Located on the vibrant Hong Bang street, Gem Park offers an ideal living space with convenient connections to the city center and social amenities.

Gem Park brings a standard Korean living space to the dynamic port city. Source: N.H.O

Inspired by the refined beauty and sustainable values of a standard Korean apartment complex, Gem Park is designed as a green, modern urban area where life harmonizes with nature. The project offers two product types: apartments and shophouses, catering to the residential and investment needs of its customers.

“We have thoroughly studied the needs of a typical young family, including couples, children, independent individuals, and three-generation families with different habits and schedules, to ensure that residents can access amenities within a 15-minute reach,” said an N.H.O representative.

With its meticulous planning, integrated design, and thoughtful investment, Gem Park is poised to become a new icon of the port city, offering its residents a sophisticated, convenient, and fulfilling lifestyle, catering to the global living standards of its residents.

Understanding the importance of collaborative growth, N.H.O is building strategic and sustainable partnerships with reputable real estate partners, including design consultants, construction contractors, and leading distribution agents in Vietnam.

These strategic collaborations not only optimize N.H.O’s business efficiency but also ensure that customers receive the best products and services.

With a well-thought-out strategy, quality offerings, and a win-win cooperation policy, N.H.O is set to achieve great success in the Vietnamese real estate market, contributing to the creation of civilized, modern, and prosperous communities.