Once known only as an industrial hub, Bac Ninh is now a prominent investment destination, attracting prominent real estate investors. The real estate market in Bac Ninh has been developing over the last decade, with a notable surge in land fever during 2020-2021, making it one of the hottest markets in Northern Vietnam.
In April 2025, Phu My Hung introduced the Hong Hac City urban area project in Thuan Thanh ward, with a total investment of VND 27,000 billion. This project covers an area of nearly 198 hectares and offers a range of commercial houses, townhouses, and twin villas.
In recent times, Bac Ninh has witnessed a wave of large-scale real estate projects from prominent developers, with investments totaling tens of thousands of billions of VND. One notable example is Vingroup’s new urban area project in the northwest of Bac Ninh city, with a total investment of over VND 41,270 billion.
Sun Group has also successfully bid for two new urban, tourism, ecological, cultural, and resort projects in the former Tien Du district and Tu Son city, with a total investment of nearly VND 31,000 billion and a scale of 498 hectares.
Additionally, Hanoi Tay Investment Joint Stock Company, a subsidiary of the T&T Group, has invested in a new urban, tourism, ecological, cultural, resort, and entertainment project in the former Tien Du district, covering an area of 299 hectares and totaling over VND 19,700 billion in investment.
| Investor / Consortium | Project Name | Location | Scale (ha) | Total Investment (billion VND) |
|---|---|---|---|---|
| Phu My Hung | Hong Hac City Urban Area | Thuan Thanh Ward | ~198 | 27,000 (~1.1 billion USD) |
| Vingroup + Thanh Binh + New Life + Phu Tho Land Consortium | New Urban Area in the Northwest of Bac Ninh City (Zone 1) | Hoa Long Ward (now Kinh Bac Ward), Bac Ninh City | ~270 | 41,270 |
| Sun Group | 2 New Urban, Tourism, Ecological, Resort Projects (Sub-zone 112.1 & 112.3) | Former Tien Du District & Tu Son City | ~498 | ~31,000 |
| Hanoi Tay Investment JSC (affiliated with T&T Group) | New Urban, Tourism, Ecological, Cultural, Resort, and Entertainment Project (Sub-zone 112.1) | Tien Du District | ~299 | 19,700 |
| Kings Land Investment JSC | New Urban Area in the Northwest of Bac Ninh City (Zone 3 – Sub-zone 3.2) | Vu Ninh and Hoa Long Wards, Bac Ninh City | ~49 | 17,300 |
| Hoa An – Xuan Dinh Consortium (related to Sunshine Homes) | New Urban Area in the Northwest of Bac Ninh City (Zone 3 – Sub-zone 3.1) | Vu Ninh Ward, Bac Ninh City | ~48 | 10,120 |
| Halong Anh Duong Construction and Investment JSC | New Urban Area | Dinh Bang Ward, Tu Son City | 20.5 | 2,900 |
| Taseco Land (TAL) – HNG Holdings Consortium | New Urban Area | Huong Mac and Phu Khe Wards, Tu Son City | 30.4 | 2,500 |
| TasecoLand – Taseco Group – ICON4 Consortium | New Urban Area in Tu Son City | Tu Son City | 62.27 | 3,964 |
Other well-known enterprises, such as Vingroup, T&T Group, and Vinaconex, have also proposed or are developing large-scale projects in Bac Ninh, further enhancing the province’s appeal to investors.
The key factor in Bac Ninh’s appeal to major investors is the substantial and synchronized investment in transportation infrastructure. Large-scale transportation projects worth tens of thousands of billions of VND are reshaping the province’s landscape and position within the key economic region of Northern Vietnam.
One notable project is the Hanoi Capital Region Ring Road 4, in which Bac Ninh plays a crucial role. This road will connect satellite towns, industrial parks, and major economic centers, reducing traffic congestion in Hanoi’s inner city and opening up new development opportunities for neighboring provinces. The total investment for the entire Ring Road 4 project is nearly VND 86,000 billion, with the PPP section in Hanoi alone costing more than VND 56,000 billion.
The section of Ring Road 4 passing through Bac Ninh is approximately 35.3 km long and has a total investment of over VND 5,200 billion. Recognizing the importance of this project, Bac Ninh province is striving to complete the section by December 31, 2025, a year ahead of schedule.
Additionally, the Gia Binh Airport project, with a scale of 4E and a total area of approximately 1,960 hectares, is also being expedited. The airport is expected to break ground on August 19, 2025, and will serve as an efficient support for Noi Bai International Airport, while also boosting economic development, logistics, and satellite urban areas in the Hanoi Capital Region.
On August 6, the road connecting Gia Binh Airport (Bac Ninh) to Hanoi was added to the list of key national traffic projects. With a total length of 35 km and a width of 120m, the project is expected to cost VND 71,150 billion. The section passing through Bac Ninh, with a length of 27.7 km, is proposed by a consortium including a subsidiary of Sun Group, with a total investment of VND 47,607 billion, under a build-transfer contract.
Other significant transportation projects include the Hanoi-Lao Cai-Haiphong railway section passing through Bac Ninh (3.76 km long), the Noi Bai-Bac Ninh-Ha Long expressway (National Highway 18), the Hanoi-Lang Son expressway (new National Highway 1A), the Van Ha bridge connecting Bac Giang, and the Kenh Vang bridge connecting to Hai Duong (now Hai Phong). These transportation links will significantly reduce travel time between regions and increase property values along the routes.
The final factor contributing to Bac Ninh’s real estate market boom is the merger with Bac Giang. Following the merger, the new Bac Ninh will become the largest industrial hub in Northern Vietnam.
The synchronized and robust development of transportation infrastructure has solidified Bac Ninh’s position as a leading industrial and logistics center in the region. This has not only attracted more prominent enterprises but also drawn a large number of workers and experts to live and work in the area. As a result, the demand for housing, from apartments to land plots, has remained consistently high, supporting the steady growth of real estate prices in Bac Ninh.
After the land fever of 2020-2021, the Bac Ninh market entered a period of stagnation, in line with the overall trend in the country. However, transactions in the area remained steady, avoiding a complete freeze. While prices dropped compared to the fever period, the market began to show signs of recovery in early 2024, with some project prices inching up. The number of potential buyers and investors also increased during this time.
Bac Ninh’s real estate market continues to attract investors.
In late 2024 and the first quarter of 2025, the news of Bac Giang’s merger with Bac Ninh further boosted the real estate market. Prices in the former Bac Ninh area increased by an average of 10-20% compared to the beginning of 2024, while the former Bac Giang area also witnessed a significant influx of investors.
According to Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, after the official merger on July 1, the real estate market saw a surge in interest in many potential areas, including Bac Ninh and Bac Giang.
Mr. Le Dinh Chung, General Director of SGO Homes, shared that Bac Ninh is an attractive market for investors, especially in the industrial sector. The thriving export processing zones and industrial parks have drawn both domestic and foreign investors.
Currently, after the completion of the merger, the Bac Ninh real estate market has cooled down compared to the beginning of the year. However, the market remains active, and prices are still on an upward trend. Thus, Bac Ninh continues to be a market of interest for investors due to its vast potential for development.
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