Vietnam’s real estate market has repeatedly proven the rule: “infrastructure comes first, real estate follows.” When Hanoi’s Ring Road 3 was completed, land prices in the My Dinh – Cau Giay area quadrupled within a decade. Now, a similar opportunity is emerging in Hai Phong, prompting the question: Where is the prime spot to ride this infrastructure wave?
Hai Phong’s Ring Road 2 – The New Spine of the Port City
The Ring Road 2 project, spanning 11 km from Tan Vu to Hung Dao to Bui Vien, passes through Kien An, Duong Kinh, and Hai An districts. This 8-lane road includes the Hai Thanh Bridge over the Lach Tray River (1,133.6m) and an overpass at the Bui Vien intersection, slated for completion by 2028.
Beyond easing traffic congestion, Ring Road 2 will serve as a strategic connector linking major industrial zones like Trang Due and VSIP Hai Phong, seaports, and Cat Bi Airport, fostering a dynamic economic corridor. Once operational, container trucks will bypass the city center, slashing transport times from Hai Phong port to northern provinces and beyond.
Hai Phong’s Ring Road 2 – a new backbone unlocking unprecedented growth for local real estate
Its impact on real estate is undeniable. Experts predict a 20-30% price surge along the route within 2-3 years post-completion. Kien An district, strategically positioned on Ring Road 2 with direct access to the city center and key industrial zones, is a standout beneficiary.
The Zenith Hai Phong – Seizing the Opportunity
Located on Bui Vien Boulevard in Kien An, The Zenith Hai Phong occupies a prime position to capitalize on this infrastructure boom. Just minutes from Ring Road 2, residents and investors enjoy proximity to Hai Phong Children’s Hospital, the Institute of Maritime Medicine, AEON Mall, the city center, Cat Bi Airport, and major industrial zones.
This advantage creates a compelling investment proposition. With 280,000 high-skilled workers in nearby industrial zones driving demand for premium housing, The Zenith’s rental potential is exceptional. Two-bedroom units are projected to command VND 10-12 million/month, yielding 4.5-5.6% annually—outperforming current bank deposit rates of 4-5%.
The October 5th launch of The Zenith Master Collection attracted hundreds, securing 85% reservations within hours
The Zenith introduces Hai Phong’s first premium residences embodying the “Green – Smart – Clean” philosophy. “Green” features multi-level greenery with rooftop gardens and balcony vegetation. “Smart” integrates intelligent home systems, parking, and 24/7 security. “Clean” ensures healthy living through advanced air/water filtration and waste management—enhancing both lifestyle and rental appeal, especially for expatriates and young families.
Flexible payment plans through VPBank offer 70% financing, 0% interest for 18 months, and principal grace periods up to 24 months (36 months for under-35 buyers). VietinBank provides similar terms plus a 1.5% discount on VAT-inclusive prices. Early payments earn up to 6.5% discounts, with additional benefits for accelerated schedules.
While Hai Phong’s 2024 supply rose 54% year-over-year, premium offerings near Ring Road 2 remain scarce. This scarcity fueled the October 5th Master Collection launch frenzy, where 85% of units were reserved within hours. This response underscores both the project’s appeal and the acute demand for strategic premium housing. With 508 diverse units, The Zenith caters to professionals, young families, and multi-generational households alike—offering both lifestyle excellence and investment potential in Hai Phong’s most dynamic corridor.
City to Invest Nearly $430 Million in Flood Control, Climate Resilience, and Infrastructure Upgrades
Haiphong City is set to invest nearly VND 10,000 billion in two major initiatives: urban flood control and the construction of Ring Road 3. These projects aim to achieve sustainable infrastructure development and enhance resilience to climate change.
Groundbreaking Ceremony Held for Hanoi’s $32 Million, 6-Lane Underpass at Notorious Traffic-Congested Intersection
The highly anticipated $32 million underpass project has officially broken ground, aiming to alleviate traffic congestion at the Co Linh – Vinh Tuy Bridge interchange. This significant infrastructure development is set to transform the daily commute for thousands of residents.
Over 1,000 Social Housing Units Set to Launch in Locality on Path to Centrally Governed City Status
Unveiling a transformative housing solution, the Social Housing Project No. 01 in Bac Ninh boasts over 1,000 apartments, backed by a substantial investment of nearly 1.6 trillion VND. This ambitious initiative aims to provide affordable housing for 3,600 low-income individuals and workers, addressing the pressing need for quality residences in the region.
Cash Flow Real Estate Sweeps Hai Phong: Limited Opportunities for Investors
With a remarkable GRDP growth rate of 11.2%, ranking second nationwide, Hai Phong has emerged as a highly attractive destination for real estate investors. Among its promising prospects, The Zenith Hai Phong stands out as a beacon of potential in this thriving market segment.
Vietbank Accelerates Sustainable Development Strategy
Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) has announced its plan to acquire Lim II Tower (62A Cach Mang Thang Tam, District 3, now Xuan Hoa Ward, Ho Chi Minh City), the building it has leased as its Ho Chi Minh City Branch headquarters for many years. This strategic move, subject to shareholder approval via written consent, underscores Vietbank’s financial strength, enhances its competitive edge, and aligns with its goal of becoming one of Vietnam’s top 15 commercial joint stock banks, as outlined in its strategic vision.
