Vinhomes Royal Island Set to Capitalize on Hai Phong's Northward Growth

Vinhomes Royal Island, a large-scale development on Vu Yen Island, is strategically positioned to benefit from a significant urban expansion in the northern port city of Hai Phong, which is shifting its center of gravity north of the Cam River.

Hai Phong has initiated a new phase of urban growth, extending development from the established southern bank of the Cam River into the northern region. This strategic shift is codified in the city's master plan for 2021-2030, with a vision extending to 2050, which mandates urban development on both sides of the river. A key catalyst for this expansion is the construction of a new political and administrative center in Thuy Nguyen Town, which has spurred investment and development activity across the area, including on Vu Yen Island.

This northward push is supported by a robust and expanding transportation network. Currently, five bridges—Kien Bridge, Binh Bridge, Hoang Van Thu Bridge, Hoang Gia Bridge, and Bach Dang Bridge—cross the Cam River, enhancing connectivity between the traditional city center, the Thuy Nguyen district, and Vu Yen Island. The improved infrastructure has already begun to attract new businesses, residents, and investment projects, fueling demand for housing, commercial real estate, and related services.

The real estate market has responded positively to these developments. According to the Vietnam Association of Realtors, property prices in Thuy Nguyen experienced a significant increase following the 2021 announcement of the city's plans. This upward trend continued into 2024, according to data from OneHousing. Market observers note that land prices in the northern expansion zone remain below those in many of Hai Phong’s established urban districts, suggesting potential for further appreciation as infrastructure projects reach completion.

Vinhomes Royal Island is a prime beneficiary of this regional transformation. The project's location provides direct connections to both the existing city center via the Hoang Gia Bridge and the new administrative hub in Thuy Nguyen, which is a short drive away.

The development is already operational, having welcomed its first residents and commercial tenants. Its retail, entertainment, and hospitality facilities are active, serving a steady stream of visitors throughout the year. The project regularly hosts large-scale events that attract millions of visitors annually, creating a vibrant commercial environment.

"In commercial real estate, the ability to attract visitors is an important factor," said Dinh Trong Thinh, a property owner at the development. "The project's ecosystem and ongoing activities are helping to build that advantage."

The project's outlook is further bolstered by several major infrastructure projects planned or under construction. The future Nguyen Trai Bridge and Ring Road 2 are set to enhance regional connectivity. Furthermore, the proposed Hanoi-Hai Phong-Lao Cai high-speed railway, scheduled for completion by 2030, is expected to significantly improve transportation links between Vu Yen Island, Hai Phong, Hanoi, and other northern provinces.

Investors are taking note of the shifting price dynamics. Tran Van Nam, a Hanoi-based investor, observed that land prices in central Hai Phong have risen since the city implemented its updated land price framework in 2026. He noted that prices in Thuy Nguyen and on Vu Yen Island, while rising, remain lower than in some established urban cores, reflecting the area's status as an emerging development zone.

According to Nam, property values in such areas are typically driven by a confluence of factors, including infrastructure investment, commercial activity, and overarching urban expansion trends.