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How is the property market forecast in Binh Duong?

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Authored by the expert who managed and guided the team behind the Vietnam Property Pack

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Binh Duong's property market is experiencing exceptional growth with a 2.25 times higher population growth rate than the Southeast region average. The province completed 15,893 new housing units in 2024 and has 26,552 units planned for 2025, with apartment prices ranging from $1,500-$2,000 per sqm - significantly lower than Ho Chi Minh City's $3,000-$7,000 range.

If you want to go deeper, you can check our pack of documents related to the real estate market in Vietnam, based on reliable facts and data, not opinions or rumors.

How this content was created ๐Ÿ”Ž๐Ÿ“

At BambooRoutes, we explore the Vietnamese real estate market every day. Our team doesn't just analyze data from a distanceโ€”we're actively engaging with local realtors, investors, and property managers in cities like Ho Chi Minh City, Hanoi, and Binh Duong. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

What has been the population growth rate in Binh Duong over the past five years, and how many new residents are expected by 2030?

Binh Duong has recorded the fastest population growth rate in Vietnam over the past five years.

The province's annual population growth rate has been 2.25 times higher than the Southeast region's average, making it the most rapidly growing province in the country. This exceptional growth is driven by industrial expansion, job creation, and improved infrastructure that attracts both domestic and international workers.

By 2030, Binh Duong's population is projected to reach 4.04 million people. This projection includes 3.48 million official residents and 0.56 million "converted" population, which refers to non-permanent residents and migrant workers who contribute to the local economy but may not have permanent registration status.

The rapid population growth directly supports the property market by creating sustained demand for both residential and commercial real estate. As of September 2025, this demographic expansion continues to drive new housing developments and infrastructure projects across the province.

How many housing units were completed in Binh Duong last year, and how many are currently planned for construction?

Binh Duong completed 15,893 new housing units in the 12 months ending August 2024.

For 2025, the province has planned the construction of 26,552 housing units to meet government and provincial development targets. This represents a significant 67% increase compared to the previous year's completions, indicating accelerated development to match population growth.

The broader vision extends beyond 2025, with plans to add 170,000 houses from 2021 to 2030 as part of a comprehensive urban development strategy. These construction targets align with industrial expansion and the projected population increase to 4.04 million by 2030.

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The housing construction pipeline demonstrates strong government commitment to infrastructure development and suggests continued opportunities for property investment as supply expansion keeps pace with demand growth.

What are the current property prices per square meter in Binh Duong compared to Ho Chi Minh City?

Property Type Binh Duong (2025) Ho Chi Minh City (2025)
Apartments $1,500โ€“$2,000 per sqm $3,000โ€“$7,000 per sqm (prime areas)
Villas $1,765โ€“$2,500 per sqm $6,683 per sqm (median)
Price Difference 40-60% lower than HCMC Premium pricing
Investment Appeal High value for money Established but expensive
Growth Potential Strong upward trajectory Mature market
Target Buyers Middle-income, investors High-income, luxury segment
Rental Yields 4.7%+ for apartments 3-4% typical range

What has been the year-on-year property price growth in Binh Duong over the past three years?

Property prices in Binh Duong have experienced substantial growth with apartments showing approximately 25% year-on-year price increases from 2022 to 2025.

This growth rate significantly exceeds national averages and reflects the province's rapid economic development, population influx, and infrastructure improvements. The price appreciation has been consistent across different property types, with both apartments and villas benefiting from increased demand.

The 25% annual growth rate positions Binh Duong among Vietnam's top-performing property markets. This growth is supported by industrial expansion, foreign direct investment inflows, and improved transportation connectivity with Ho Chi Minh City.

For investors, this trend indicates strong capital appreciation potential, though buyers should consider that such high growth rates may moderate as the market matures and supply increases to meet demand.

How many industrial parks operate in Binh Duong today, and what expansion is planned?

As of early 2025, Binh Duong operates nearly 30 fully functional industrial parks.

The province continues to expand its industrial capacity with several new smart-ecological park projects in development. These upcoming projects aim to transition existing parks to more sustainable models while adding new industrial land banks over the next five years.

Binh Duong's industrial park network represents one of Vietnam's most concentrated manufacturing hubs, hosting major international companies and supporting the province's position as the country's second-highest recipient of foreign direct investment.

The planned industrial expansion directly impacts the property market by creating sustained demand for worker housing, commercial facilities, and supporting services. This industrial foundation provides long-term stability for property investment in the region.

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How many foreign investment projects were approved in Binh Duong last year, and what capital did they represent?

In 2024, Binh Duong approved nearly 4,300 foreign direct investment projects.

This substantial number of FDI projects positions Binh Duong as Vietnam's second-highest recipient of foreign direct investment, trailing only Ho Chi Minh City. The aggregate capital represented by these projects reaches several billion USD annually, though specific totals vary by project type and industry sector.

The high volume of FDI approvals reflects the province's attractive business environment, strategic location, developed infrastructure, and skilled workforce. Major international corporations continue to establish manufacturing and service operations in Binh Duong's industrial parks.

This FDI influx creates direct demand for commercial real estate, worker housing, and supporting infrastructure. For property investors, the consistent flow of foreign investment provides confidence in long-term market stability and growth potential.

What percentage of new housing projects target middle-income buyers versus other segments?

Approximately 60-70% of newly launched housing projects in Binh Duong target middle-income buyers.

This focus on middle-income housing reflects the province's demographic profile, with a large population of industrial workers, professionals, and middle-management employees working in the numerous factories and business centers. The remaining 30-40% of projects are split between luxury developments and affordable housing segments.

The middle-income focus creates opportunities for property investors seeking rental income from stable tenant pools. These projects typically offer good value for money and steady demand from the growing working population.

It's something we develop in our Vietnam property pack.

Developers have expanded options across all segments, but the middle-income emphasis ensures consistent market absorption and reduces investment risk compared to luxury-only developments.

What are the rental yields in Binh Duong for apartments and commercial spaces?

Rental yields for apartments in Binh Duong average 4.7% or higher, while commercial spaces generate 6-8% yields.

These yields have increased consistently by 0.2-0.5 percentage points per year over the past three years, reflecting rising rents and maintained strong demand for accommodation from workers and expatriates. The apartment yields exceed many other Vietnamese markets and compare favorably with regional investment destinations.

Commercial space yields are particularly attractive due to demand from businesses serving the industrial parks and growing population. Office, retail, and service facilities benefit from the province's economic expansion and increasing consumer spending power.

The upward trend in rental yields indicates a healthy balance between supply and demand, with rental income growth keeping pace with or exceeding property price appreciation in many segments.

How much new transportation infrastructure is planned for Binh Duong in the next five years?

More than 100 kilometers of new transportation infrastructure are under construction or planned for completion by 2030 in Binh Duong.

This extensive infrastructure program includes highways, ring roads, metro lines, and improved connections with Ho Chi Minh City and neighboring provinces. The transportation upgrades are designed to support the growing population and facilitate easier commuting between residential areas and industrial zones.

Key projects focus on reducing travel time to Ho Chi Minh City, improving internal connectivity within Binh Duong, and creating better access to industrial parks. These improvements make Binh Duong increasingly attractive for residents who work in either province.

Enhanced transportation infrastructure directly benefits property values by improving accessibility and reducing commute times. Areas near new transportation nodes typically experience above-average price appreciation and rental demand.

infographics rental yields citiesBinh Duong

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Vietnam versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

What has been the absorption rate for new housing units in Binh Duong over the past two years?

The average absorption rate for new housing units in Binh Duong has exceeded 60% over the past two years, with some centrally located projects achieving over 70%.

These high absorption rates indicate strong market demand and successful pricing strategies by developers. The rates vary by location, with projects closer to industrial parks and transportation hubs typically achieving faster sales or leasing.

Central Binh Duong projects benefit from proximity to business districts, shopping centers, and transportation links, explaining their superior 70%+ absorption rates. Even suburban developments maintain healthy 60%+ rates due to overall population growth and housing demand.

For investors, these absorption rates suggest low vacancy risk and strong resale potential. The consistent performance across different areas indicates broad-based market strength rather than localized speculation.

What percentage of property buyers are investors versus end-users, and how is this changing?

Approximately 55% of property buyers in Binh Duong are investors, with the remaining 45% being end-users.

This investor-to-end-user ratio is gradually shifting toward more end-users as new urban areas and industrial zones attract increasing numbers of workers and expatriates purchasing homes for personal use. The trend reflects Binh Duong's evolution from a purely investment-driven market to a more balanced residential market.

The declining investor proportion indicates market maturation and growing confidence among end-users in Binh Duong's long-term prospects. Rising employment opportunities and improved living standards encourage more people to purchase rather than rent properties.

It's something we develop in our Vietnam property pack.

This shift toward end-user ownership provides market stability and reduces speculation risk, making Binh Duong attractive for both investment and personal residence purposes.

How do office and retail vacancy rates in Binh Duong compare with Ho Chi Minh City, and what are the forecasts?

Space Type Binh Duong (2025) Ho Chi Minh City (2025)
Office Vacancy Rate 15-20% 7-12%
Retail Vacancy Rate 18-22% 10-15%
3-Year Forecast Declining vacancy rates Stable, slight increase
Key Driver Population & commercial growth Market maturity
Investment Opportunity High potential, emerging market Stable but limited upside
Risk Level Moderate, improving fundamentals Low, established market
Future Outlook Rapid improvement expected Steady performance

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

  1. International Journal of Multidisciplinary Research and Analysis
  2. BIC JSC - Binh Duong Urban Development
  3. Binh Duong Provincial Government
  4. Phat Dat Real Estate Development Corporation
  5. VN Economy
  6. Vietnam Plus
  7. Bao Binh Duong
  8. BambooRoutes - Binh Duong Real Estate Market
  9. BambooRoutes - Binh Duong Property
  10. BambooRoutes - Ho Chi Minh City House Prices