Investment Capital Creates New Demand
The driving force behind the emergence of a new resident class stems from two core resources: intrinsic economic strength and foreign direct investment (FDI).
According to the latest report from the Hai Phong Statistics Bureau, the total state budget revenue for the first 8 months of the year is estimated at 131.253 trillion VND, a 28.5% increase compared to the same period last year. Public investment capital has also seen robust growth, reaching 17.782 trillion VND, up 34.8%, demonstrating a strong commitment to infrastructure upgrades.
Hai Phong invests 1.5 trillion VND to create a pedestrian street for the port city’s residents (Image: Hai Phong City News Portal).
In the first 8 months, total FDI attracted is estimated at 1.92 billion USD, bringing the total effective FDI in the area to a staggering 50.11 billion USD. A remarkable 93.44% of this capital is concentrated in industrial zones and economic zones.
This massive investment not only creates factories and ports but also generates tens of thousands of high-quality jobs. The number of workers in industrial enterprises in the first 8 months increased by 5.47% compared to the same period last year.
The emergence of an international expert community and a high-income intellectual class is fundamentally changing housing demands—a private, amenity-rich, and stylish living space.
“This is a market gap. While Hai Phong’s housing supply is abundant, most properties are not designed to meet these specific requirements. There’s a pressing need for high-end apartment projects, meticulously planned and professionally managed, which is now growing strongly in Hai Phong,” shared Mr. Jeong Cheol, a board member of N.H.O, the developer of the Gem Park luxury apartment complex in Hai Phong.
Long-Term, Sustainable Development Strategy
Hai Phong’s appeal isn’t just internal; it also stems from its increasingly strategic role in the global supply chain. The city’s development plan by 2050 aims to establish it as a major regional and global port hub, ensuring sustainable growth.
Additionally, the port city is a critical link in the Hanoi – Hai Phong Economic Corridor initiative, part of the Two Corridors – One Belt strategic economic framework between Vietnam, China, and the Belt and Road Initiative within the China-ASEAN Free Trade Cooperation Framework. This role is set to be further enhanced with the Prime Minister’s recent push to commence the Lao Cai – Hanoi – Hai Phong railway project on December 19, 2025. The railway promises to create an international multimodal transport corridor, facilitating seamless cargo flow and solidifying Hai Phong’s position as a logistics hub.
Deployment plan for the Lao Cai – Hanoi – Hai Phong railway project across 6 provinces and cities (Image: Railway Project Management Board).
Cargo throughput at the port in the first 8 months reached 120.1 million tons, a 12.25% increase year-on-year. A globally connected city will be a magnet for global citizens.
Tailored Solutions for New Demands
Gem Park, a luxury apartment project, arrives at the perfect time as Hai Phong transforms, offering a bespoke solution for the port city’s new demographic.
Strategically located, the project is just a 15-minute drive from both the new administrative center of Thuy Nguyen and the bustling old center. This ideal distance allows professionals easy access to major industrial zones while still enjoying the vibrant cultural and entertainment life of the city without excessive commuting.
Gem Park sets international standards. Beyond mere apartments, it offers a resort-style ecosystem with 15,000m² dedicated to indoor and outdoor amenities. Highlights include a 500m² salt-electrolysis swimming pool, sauna-jacuzzi, modern gym-yoga facilities, and a vast 10,000m² internal park. Every detail is designed not just for living, but for thriving and rejuvenating.
Developed by the international investor N.H.O from South Korea, Gem Park understands the needs and lifestyles of the Korean expert community—one of the largest expatriate groups in Hai Phong.
Gem Park dedicates 15,000m² to indoor and outdoor amenities, catering to professionals seeking an elite, civilized community with international standards (Image: N.H.O).
The Gem Park apartment project is designed and constructed to Korean standards, with 1.5 hectares allocated for indoor and outdoor amenities. The developer, N.H.O (South Korea), has been present in Vietnam for over 12 years, delivering more than 30,000 housing units across the North, Central, and Southern regions, with ongoing projects in the pipeline.
Address: New Urban Area 2A, Hong Bang Ward, Hai Phong City
Website: gempark.vn
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