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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.
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Binh Duong is Vietnam's fastest-growing province with exceptional population growth and robust property development, positioning itself as an attractive alternative to Ho Chi Minh City with significantly lower property prices.
The province is expected to reach 4.04 million residents by 2030, supported by nearly 30 industrial parks, over 4,300 FDI projects approved in 2024, and more than 100 kilometers of new transportation infrastructure planned through 2030.
Key Metric | Current Status (2025) | Forecast/Target |
---|---|---|
Population | Fastest growth in Vietnam (2.25x regional average) | 4.04 million by 2030 |
Apartment Prices | $1,500-$2,000 per sqm | 25% annual growth trend |
Housing Construction | 15,893 units completed (2024) | 26,552 units planned (2025) |
Industrial Parks | Nearly 30 operational | Additional smart-ecological parks planned |
Rental Yields | 4.7%+ apartments, 6-8% commercial | 0.2-0.5pp annual increase |
Transportation | Major connectivity upgrades ongoing | 100+ km new infrastructure by 2030 |
Market Absorption | 60%+ average, 70%+ central projects | Strong demand continuation expected |

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.
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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.

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.
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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.
Binh Duong's property market presents compelling opportunities for both investors and end-users, with strong fundamentals supporting continued growth through 2030.
The combination of rapid population growth, industrial expansion, infrastructure development, and attractive pricing compared to Ho Chi Minh City positions Binh Duong as one of Vietnam's most promising property markets.
Sources
- International Journal of Multidisciplinary Research and Analysis
- BIC JSC - Binh Duong Urban Development
- Binh Duong Provincial Government
- Phat Dat Real Estate Development Corporation
- VN Economy
- Vietnam Plus
- Bao Binh Duong
- BambooRoutes - Binh Duong Real Estate Market
- BambooRoutes - Binh Duong Property
- BambooRoutes - Ho Chi Minh City House Prices