{"id":3411,"date":"2016-02-02T15:44:10","date_gmt":"2016-02-02T08:44:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-northern-vietnams-hai-phong-is-the-one-area-to-watch-out-for\/"},"modified":"2016-02-02T15:48:27","modified_gmt":"2016-02-02T08:48:27","slug":"why-northern-vietnams-hai-phong-is-the-one-area-to-watch-out-for","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-northern-vietnams-hai-phong-is-the-one-area-to-watch-out-for\/","title":{"rendered":"Why northern Vietnam\u2019s Hai Phong is the one area to watch out for"},"content":{"rendered":"


\nIt\u2019s the country\u2019s new gateway to the world
\nConstruction work in Hai Phong (media.vneec.gov.vn)
\nWhen Lonely Planet called Hai Phong as the most approachable city in northern Vietnam, they referred to its tree-lined boulevards playing \u201chost to a bundle of graceful colonial-era buildings\u201d and a bustling caf\u00e9 culture that attract tourists.
\nHai Phong, however, is becoming more than just a friendly tourist hub; today it\u2019s a fast-growing industrial seaport in Vietnam, alongside Ho Chi Minh City. According to CBRE Vietnam, the city\u2019s seaport capacity is currently only half of HCMC\u2019s, but throughput increases annually, catching up with southern Vietnam.
\nThe industrial boom Local authorities in Hai Phong are actively promoting the city to domestic and foreign investors. Officials have improved the infrastructure system and network connection in the city, per CBRE, which enhanced investor confidence in general.
\nMore: Property experts say 2016 will be a \u201csolid\u201d year
\nAmong the biggest investments in recent memory to entre Hai Phong are two Belgian-backed projects in the construction, processing and manufacturing sectors, reports Vietnamnet.vn. The investments are worth VND6.18 trillion (USD277.23 million).
\nThe said projects have been promoting the city\u2019s socio-economic development, Duong Ngoc Tuan, director of the municipal Department of Planning and Investment, told Vietnam News in January.
\nCBRE notes, however, that administrative procedures and transparency issues need to be ironed out to maintain investor interest.
\nMore: Vietnam was definitely a winner in real estate in 2015
\nGiven the changes in infrastructure, Hai Phong also has some construction projects piling up. Vietnam\u2019s Ministry of Industry and Trade at least 12 ongoing projects, which include office buildings and public works, are applying energy efficiency measures.
\nThe new public works projects are expected to contribute to the investment wave in the city that now has a population of about 2 million, making it the third largest urban area in the country. Per Vietnam News, these include Ha Noi-Hai Phong Expressway, Tan Vu-Lach Huyen Bridge, Hai Phong International Gateway Port and the Cat Bi International Airport.
\n
\nSource : property-report.com
\nRead more…Why northern Vietnam\u2019s Hai Phong is the one area to watch out for<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s the country\u2019s new gateway to the world Construction work in Hai Phong (media.vneec.gov.vn) When...<\/p>\n","protected":false},"author":1,"featured_media":3412,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-3411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Construction-work-in-Hai-Phong_media.vneec_.gov_.vn_.png?fit=925%2C657&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-T1","jetpack-related-posts":[{"id":119213,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hai-phong-billed-as-vietnams-shenzhen-seen-getting-a-boost-from-status-as-manufacturing-hub-of-southeast-asian-nation\/","url_meta":{"origin":3411,"position":0},"title":"Hai Phong, billed as Vietnam\u2019s Shenzhen, seen getting a boost from status as manufacturing hub of Southeast Asian nation","date":"November 11, 2020","format":false,"excerpt":"\r A Hong Kong investment adviser is touting the potential of Hai Phong, the fastest growing city in Vietnam and dubbed as the Shenzhen of the Southeast Asian nation.\u201cHai Phong is often referred to as \u2018the Shenzhen of tomorrow\u2019 because of its transformation into a modern industrial and logistics hub,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/apartments-buildings-in-vietnam-may-soon-follow-3-tier-classifications\/","url_meta":{"origin":3411,"position":1},"title":"Apartments buildings in Vietnam may soon follow 3-tier classifications","date":"February 8, 2016","format":false,"excerpt":"\r The ABCs of Vietnam\u2019s construction ministry proposal that got people talking Hanoi | Image credit: St. Rosenzweig (Wiki Commons) A draft circular proposed by Vietnam\u2019s Ministry of Construction is drawing mixed reaction from industry players and experts in the country, according to Vietnam News, with some developers welcoming the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Hanoi_St.-Rosenzweig.jpg?fit=740%2C518&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":24294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retro-saigonese-design-for-first-vietnamese-oakwood-venture\/","url_meta":{"origin":3411,"position":2},"title":"Retro Saigonese design for first Vietnamese Oakwood venture","date":"August 29, 2016","format":false,"excerpt":"\r Serviced apartments are growing in vogue in the country A glimpse of Vietnam\u2019s first Oakwood-branded serviced apartments Vietnam\u2019s serviced apartment segment is in for a shakeup with the opening of the country\u2019s first units\u00a0under Oakwood Worldwide, a serviced apartment operator with headquarters in Los Angeles, London, Phoenix and Singapore.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3535,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-dragon-a-new-lease-of-life-for-hanoi-real-estate\/","url_meta":{"origin":3411,"position":3},"title":"Rising dragon: a new lease of life for Hanoi real estate","date":"February 3, 2016","format":false,"excerpt":"\r Key macro-economic factors are breathing new life into the property market into the Vietnamese capital\u2019s property market It may seem anomalous given its famously crazy traffic and cacophony of sights, smells and sounds, but things have a tendency to move a little slower in Hanoi than in Ho Chi\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Hanoi-the-rising-dragon.jpg?fit=760%2C470&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":43506,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-luxury-condo-buyers-are-excited-about-ho-chi-minh-city-this-year\/","url_meta":{"origin":3411,"position":4},"title":"Why luxury condo buyers are excited about Ho Chi Minh City this year","date":"February 9, 2017","format":false,"excerpt":"\r A seven percent y-o-y increase in luxury condo prices expected this year View towards the HCMC center and Ben Thanh market. 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