In recent years, Hung Yen province has consistently caught the attention of real estate giants, attracting billions of dollars in investment from leading domestic and foreign corporations.
Taking advantage of its proximity to the capital city of Hanoi, improved transportation infrastructure, and ample land availability, Hung Yen is becoming one of the most vibrant investment destinations in Northern Vietnam.
Leading the pack is Ecopark, one of the largest urban projects in Northern Vietnam and Hung Yen province, with a total investment of up to USD 10 billion and a land area of approximately 500 hectares.
In Hung Yen, the “giant” Vinhomes has also made its mark with two mega-projects: Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3. Vinhomes Ocean Park 2, launched in 2021, boasts an investment of up to USD 1.6 billion and covers an area of 460 hectares, while Vinhomes Ocean Park 3 has a total investment of USD 1.4 billion and spans over 290 hectares.
In addition to the remarkable presence of Ecopark and Vinhomes, the Hung Yen market has witnessed the development of other massive projects, underscoring the province’s particular appeal to investors.
Kicking off the wave of construction in 2025 is the eastern Van Giang district project (branded as Centerville) by DCI Joint Stock Company for Development Investment – Construction. This project, which broke ground in late February 2025, covers an area of about 50 hectares and has a total investment of nearly VND 17,000 billion (around USD 650 million).
The project’s uniqueness lies in its location between the large urban areas of Ecopark and Ocean Park, adjacent to the Hanoi – Hai Phong highway.
In early March, also in Van Giang district, Hung Yen, Xuan Cau Holdings Joint Stock Company inaugurated the Alluvia City eco-garden urban area. This project spans nearly 200 hectares and carries a total investment of over VND 31,000 billion (approximately USD 1.2 billion).
Subsequently, in May, the Khoai Chau eco-tourism and urban complex – commercially known as Trump International Hung Yen – was launched with an investment of over VND 39,000 billion (equivalent to over USD 1.5 billion).
This project is a collaboration between the Trump Organization – a group owned by the family of US President Donald Trump – and Hung Yen Company, a member of Kinh Bac City Development Holding Corporation (KBC).
A project in Hung Yen.
In parallel with the inaugurated projects, Hung Yen has also expedited procedures for upcoming developments. In late June, the People’s Committee of Hung Yen province approved the selection of investors for the construction of Subdivision A – Northern Urban Area of National Highway 5 in Pho Noi Town.
The winning bidder is the Green Urban Development Joint Stock Company, established on March 18, 2025. As of now, the company has been in operation for four months.
The urban area is expected to span approximately 262 hectares, with a total investment of nearly VND 35,000 billion. The project is planned to offer a diverse range of products, including approximately 11,800 apartments, 8,666 social housing units, 3,800 adjacent houses, and nearly 400 villas… The projected population is around 45,000 people.
The former Thai Binh province also boasts three large-scale projects, all of which are in the preparatory stages. The most significant among them is the Kien Giang New Urban Area, covering nearly 100 hectares and requiring an investment of nearly VND 9,700 billion (around USD 370 million). The project’s investors are a consortium of DECV-THT-GIP LAND-ZUP, including Daewoo Engineering & Construction Vietnam Co., Ltd., THT Development Co., Ltd., GIP Land Co., Ltd., and ZUP Invest Co., Ltd.
Eurowindow has also quickly established its presence in the region with the Tan Binh and Tien Phong New Urban Area project, with a total investment of over VND 8,000 billion. Spanning 125 hectares, the project is expected to feature over 1,500 low-rise houses, along with social housing apartments and mixed-use buildings, catering to a population of approximately 11,500 people.
Lastly, the “mega-urban” project in Song An and Trung An communes (Vu Thu district, former Thai Binh province) covers an area of over 122 hectares and entails an investment of over VND 4,200 billion (approximately USD 160 million). Developed by DragonGroup Joint Stock Company, this project is expected to comprise over 2,000 adjacent lots and hundreds of villas…
Notably, 5 out of 10 of the largest real estate projects in Hung Yen, including Ecopark, Vinhomes Ocean Park 2 & 3, Alluvia City, and Centerville, are concentrated in the former Van Giang district – an area bordering Hanoi and benefiting from well-developed infrastructure and rapid urbanization. Additionally, this region captures demand spilling over from the Hanoi market.
The former Van Giang district has long been prominent on the real estate map, attracting numerous large-scale urban development projects. According to statistics, there are eight urban development projects in this area alone, covering a total planned area of approximately 2,200 hectares.
Meanwhile, 3 out of 10 projects are located in the former Thai Binh province, mainly in the urban area, which boasts well-developed urban infrastructure, a large population, and high demand for housing and services.
A road in Hung Yen.
The influx of investment from prominent developers into Hung Yen not only highlights the region’s appeal but also reflects the remarkable transformation of its transportation infrastructure.
In recent years, several key transportation projects have been implemented in Hung Yen province, including the Hanoi – Hai Phong expressway and the connecting road between the two expressways…
Additionally, the Ring Road 4 – Capital Region, with a length of 19.3 km and a total investment of VND 5,244 billion, is under active construction, and the Tan Phuc – Vong Phan road, with a total investment of nearly VND 3,000 billion, is being expedited.
In the upcoming period, Hung Yen province is expected to witness the development of more large-scale transportation projects with investments in the thousands of billions of VND, such as the Ring Road 3.5 (VND 1,500 billion), the project to build a cultural heritage tourism and economic development route along the Red River (VND 9,300 billion), and the Ngoc Hoi bridge project (nearly VND 11,800 billion)…
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