Hai Phong is a city directly under the central government, a national grade 1 urban area. The city is increasingly revealing its strengths as well as developing in accordance with the roadmap outlined by the City People’s Committee. At the same time, the real estate market in Port City is also demonstrating the admirable potential for real estate price appreciation. It is a great opportunity for future investors. With 5 outstanding advantages, Hai Phong will turn investors’ opportunities into reality.

Geographical advantage

• Hai Phong city is 102km from Hanoi capital.
• The North and the Northeast are bordered by Quang Ninh province.
• The Northwest borders Hai Duong province.
• To the southwest, it borders Thai Binh province.
• To the east of Hai Phong city is a 125km long coastline.
• Bordering the vast East Sea.
• It is the convergence of 5 large estuaries, namely Bach Dang, Cua Cam, Lach Tray, Van Uc and Thai Binh river.

The ship docked at Tan Cang (Hai Phong) – A rare beauty

Hai Phong has long been known as the largest seaport in the North of Vietnam. This place is also the main seaport of the northern provinces. The port city is also an important trade gateway of the key economic region of the North. Its favorable geographical location is one of the reasons for Hai Phong to become the largest industrial, service, economic, scientific and commercial center in the country.

Advantages of technical infrastructure system

Looking from the map of Vietnam, it is easy to see that Hai Phong is the only locality in the North that converges all 5 important modes of transportation: Road – Sea – Railway – Waterway – Air. This advantage not only helps “Hai Phong” become the economic center of the Red River Delta region and the North Coast region, but also a trade bridge with regions across the country. Moreover, the synchronous transport infrastructure has attracted people to live and contributed to the bustle of the Hai Phong real estate market.

Sea route

Currently, Hai Phong city owns more than 38 large and small seaport systems with a busy volume of goods. By the end of April 2018, Hai Phong has achieved many admirable achievements:

• Contributing 18% of Vietnam’s total port throughput.
• Achieved a remarkable growth rate of 17% over the same period.
• Reached 41.7 million tons (according to data from Hai Phong Statistics Department).

Especially on May 13, 2018, the seaport industry in Hai Phong has prospered more clearly. That was the time when Hai Phong International Container Terminal (HITC) was officially opened. This is also the first deep-water port in the Northern key economic region capable of receiving container ships with a capacity of 14,000 TEUs, tonnage of up to 160,000 DWT, transporting import and export goods by mother ships. Directly to Europe, America code does not have to transit through a 3rd country.

Traffic infrastructure is one of the great  advantages of Hai Phong

Road

In recent years, Hai Phong city is gradually re-synchronizing transportation routes. Speeding up the construction of expressways helps to reduce traffic pressure and save travel time between areas. Some typical routes are as follows:

• Since being put into use, the Hanoi – Hai Phong expressway has shortened the travel time from 3 hours to 1 hour 45 minutes.
• Bridge, Tan Vu – Lach Huyen road – the longest sea-crossing bridge in Southeast Asia today, connecting Deep-water Port – Hanoi highway, Hai Phong – National Highway 5 – National Highway 18 – Noi Bai highway, Ha Long.
• Ha Long – Hai Phong Expressway, opened to traffic on September 1, 2018 has shortened the travel time from Hai Phong to Quang Ninh to only 30 minutes.
• Expanding the National Highway 10 by 2 times, increasing the vehicle traffic connecting Hai Phong and the coastal provinces.
• The coastal road project connecting Quang Ninh – Hai Phong – Thai Binh – Nam Dinh – Ninh Binh – Thanh Hoa helps to increase traffic connectivity in the city to the provinces.

Besides, functional roads, urban, city and rural roads are also being upgraded and gradually completed. makes commuting easier.

Rail road

The railway line Hai Phong – Hanoi, 102km long, connects the provinces of Hai Phong – Hai Duong – Hung Yen – Hanoi. This railway line has a length parallel to National Highway 5A, connecting with North – South railway, Hanoi – Lao Cai – Kunming (China) and Hanoi – Beijing railway (China).

Air

Cat Bi International Airport is 8km from the city center, 6km from Hai Phong port. Cat Bi Airport meets 4E standards of ICAO International Civil Aviation Organization. With a convenient location, Cat Bi International Airport is growing stronger every day. If before, there was only 1 flight/week to Ho Chi Minh City, now there are more than 36 domestic and international flights every day.

Waterway

Not only famous as the “City of red phoenix flowers”, Hai Phong is also known as a seaport land. With more than 400km of inland waterways, 50 inland waterways, 6 ferry terminals, 3 pontoon bridges and many large estuaries, it has made transporting goods from Hai Phong to other provinces in the country more convenient, reducing traffic. transportation for other modes of transport.

Human resource advantage

In addition to the geographical location, convenient transportation system, and labor resources are also an advantage that “City of red phoenix flowers” has. With 1.2 million employees, of which 75% have been trained, Hai Phong has confirmed that Hai Phong has high-quality human resources, ready to respond and keep pace with the modern and high-tech era.

Advantages of culture, tourism, entertainment

Not only converging “geographical advantages – human harmony”, Hai Phong city also possesses traditional cultural features and many unique landscapes and landscapes of the Northern coastal region. The most prominent is Cat Ba archipelago – a world nature reserve. This place is known for its unique ecosystem.

For example, tropical rainforests on limestone mountains, mangroves, coral reefs, seaweed carpets, etc. It is also thanks to possessing a valuable biological “asset” in 2004, Cat Ba archipelago was recognized by UNESCO by UNESCO. recognized as a Biosphere Reserve and is being considered for recognition as a World Natural Heritage.

In addition, Do Son resort – 20km from the city center, with beautiful beaches and romantic pine forests also contributes a lot in attracting tourists to Hai Phong.

Besides, Hai Phong city also owns many high-class entertainment areas such as:

• Do Son Golf Course Song Gia Golf Course
• Song Gia Golf Course
• Vu Yen Golf Course
• Do Son Casino
• Hon Dau international tourist area
• Many high-class tourism infrastructure development projects of large corporations. Typical giants: Geleximco Group: Dragon Hill International Tourist Area in Do Son, Sungroup in Cat Ba, FLC in Do Son…

It will certainly bring Hai Phong up, worthy of becoming the economic, tourism and entertainment center of the whole North.

Advantages of development policies and investment incentives

In addition to the available advantages, the port city also receives support from state policy. The Government of Vietnam and Hai Phong city issued preferential policies to promote real estate development. At the same time, policies will help attract large domestic and foreign investment.

Development policy incentives

Dinh Vu – Cat Hai economic zone Located in the list of 16 key economic zones of Vietnam. This is also one of the zones that enjoys a lot of investment incentives under the current law. For projects that start business, enterprises are only subject to the income tax rate of 10% for 15 years.

At the same time, they are exempted from corporate income tax for 04 years from the date of taxable income and reduce 50% of the payable tax amount for the next 9 years. Moreover, employees working in Dinh Vu – Cat Hai economic zone will receive a 50% reduction in personal income tax. There are also incentives for import and export tax, value added tax, excise tax, land rent, water surface rent, etc.

Hai Phong real estate is growing stronger and more vibrant

Investment incentives

In addition, the city’s administrative reform has created opportunities for Hai Phong to develop. That is the establishment of the Center for Investment, Trade and Tourism Promotion in the port city. The Center will help the City People’s Committee handle procedures for investment, land, environment, planning, construction, and finance for projects that do not use public investment capital in accordance with the Law on Public Investment. and located outside industrial zones.

Operating with the function of “city-level one-stop shop”, the Center quickly handles investment, construction, planning, finance, land and environment procedures. Since then, incentives create the most favorable conditions for investors to implement projects.

Hai Phong real estate heating up is an inevitable trend

Before those signals, Hai Phong real estate is not an exception. The city’s real estate market is gradually showing signs of “heating up”. The survey results show that the areas of Hai An, North Song Cam and Hong Bang have changed markedly. Land prices show signs of increasing by 20-30%. Many projects of townhouses and villas are about to open for sale.

With inherent advantages, real estate in the port city is reaching new milestones. HP affirms its potential and deserves to become an ideal profitable investment place in the future.

Vietnhanhaiphong.vn