According to the April 2025 report on the real estate market by Batdongsan.com.vn, Hai Phong and Hung Yen are the two northernmost provinces that have attracted the most attention. Districts and counties in these two provinces take turns occupying the top spots in terms of interest, respectively, from high to low: Van Giang (Hung Yen), Le Chan, and Thuy Nguyen (Hai Phong).
Commenting on this, a representative from Batdongsan.com.vn stated that Hai Phong, with its deep-water port and the advantage of industrial real estate, is a market that attracts the attention of many investors. Meanwhile, Hung Yen, bordering Hanoi and experiencing an explosion of new urban areas, has seen a surge in real estate searches.
Source: Batdongsan.com.vn
Specifically, in Hai Phong, the wave of primary projects with the entry of many large real estate companies has stimulated the price level and transactions of the land plot segment. In addition to investors with a preference for projects, the market has also formed a wave of investment in land plots adjacent to these projects.
On the other hand, the merger of Hai Phong and Hai Duong, now called Hai Phong City, with the administrative-political center in Hai Phong, has also caused a stir in the land plot market. In addition, the driving force behind the Hai Phong land plot market comes from factors such as well-developed transport infrastructure and positive economic growth indicators.
In Hung Yen, in terms of geographical location, the province borders Hanoi. In recent years, completed transport infrastructure projects have facilitated connections between Hung Yen and neighboring areas. In addition, the locality has also benefited from a series of key transport projects such as Ring Road 4, Thai Binh – Hung Yen Expressway, and Kenh Dong Road, which connects residential clusters and industrial parks.
Notably, the Ngoc Hoi Bridge, with a total investment of nearly VND 12,000 billion, is expected to start construction in September 2025, and will be a “lever” for direct connection between southern Hanoi and central Hung Yen.
Illustrative image of the complex project of urban, ecological tourism and golf course in Khoai Chau district.
Notably, the complex project of urban, ecological tourism, and golf course in Khoai Chau district, invested by Trump Organization Group, has officially started. The project has a scale of nearly 1,000 ha, with a total investment of over 1.5 billion USD, including a 54-hole VIP golf course, resorts, high-class villas, modern urban areas, and international-standard utilities. This project is one of the “levers” that has heated up the Hung Yen real estate market.
Commenting on the development potential of Hung Yen real estate, Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association (VARS), said that the common characteristic of provinces and cities that attract strong investment is that transport infrastructure is focused on investment, creating a premise for economic growth. As a result, real estate has also developed. Hung Yen is one of those markets. The liquidity of this market has been quite good recently, opening up many opportunities for investors. With many advantages in location, economic growth, FDI attraction, and real estate investment attraction, Hung Yen is listed as one of the outstanding markets of Northern real estate.
Mr. Dinh also noted that in the bustling Hung Yen market, buyers and real estate investors need to be sober-minded, choosing products that suit their financial capacity and legal security to ensure safety in investment.
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