Authored by the expert who managed and guided the team behind the Vietnam Property Pack
Everything you need to know before buying real estate is included in our Vietnam Property Pack
Where are the best places to invest in Hai Phong right now? Is the city center still the top pick, or are areas like Cat Ba Island, Do Son, and Thuy Nguyen gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with local real estate agents, developers, and clients who invest across the region. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Hai Phong and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
How this content was created 🔎📝
1) Hong Bang District is gaining interest for its central location and urban renewal projects
Hong Bang District is becoming a hot spot for property buyers thanks to its central location and urban renewal projects.
Imagine living in a place that's not just the heart of culture and administration but also a buzzing economic hub. That's Hong Bang for you. Its strategic position has drawn in significant investment, making it a magnet for both businesses and residents.
Property transactions here have been on the rise, with real estate values jumping by 20-30% along major routes like Hung Vuong Street and National Highway 5. This isn't just happening by chance. The boost is largely due to the acceleration of key transportation projects and urban development efforts that have made getting around much easier.
The local government in Hai Phong City is pouring resources into urban renewal, focusing on projects like the renovation of the Tam Bac River and expanding the district itself. These efforts are all about enhancing transport links and infrastructure, which only adds to the district's charm for potential buyers and investors.
With these changes, Hong Bang is not just a place to live; it's a place to thrive. The district's transformation is making it a prime spot for those looking to invest in property, thanks to its improved connectivity and infrastructure.
Sources: Weland, Vietnam.vn, Vietnam.vn
2) Lach Tray is gaining interest for its bustling commercial activities and rising property prices
Lach Tray is a hot spot for property buyers, thanks to its bustling commercial activities and rising property prices.
In 2023, the average price for landed properties in Hai Phong was VND 49 million per square meter, reflecting a strong real estate market. This trend is expected to continue into 2024, especially with significant urban development in An Duong district, which includes Lach Tray. This development is likely to attract more investment and push property prices even higher.
The area is buzzing with new businesses and commercial establishments. In 2023, the value of industrial and handicraft production in An Duong district hit 136.9 billion VND, a 12.56% increase from the previous year. Plans to build multi-functional commercial service centers and logistics hubs are set to further boost these commercial activities.
Lach Tray is also benefiting from increased foot traffic and consumer spending. Although retail projects are limited, Hai Phong's modern retail density was 0.08 square meters per person in 2023, showing a growing demand for retail spaces. The area is close to popular tourist attractions, and with 3.4 million visitors in the first half of 2023, consumer spending is likely to rise.
With its strategic location and ongoing developments, Lach Tray is becoming a prime spot for both investors and businesses. The combination of rising property prices and bustling commercial activities makes it an attractive market.
Sources: Savills, Vietnam.vn, VCCI News
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.
3) Trang Cat is gaining attention for its strategic location near major transport routes and industrial development potential
Trang Cat is becoming a hotspot thanks to its prime location near key transport routes and its industrial potential.
Part of the Dinh Vu – Cat Hai Economic Zone, Trang Cat is well-connected to global markets through major ports and an international airport. This makes it a perfect hub for logistics and transportation, which are essential for industrial expansion.
Hai Phong is on a mission to develop new industrial parks, like the South Trang Cat Industrial Park, to attract both local and international investors. These parks boast modern infrastructure and strategic locations, aligning with Hai Phong's plan to significantly boost industrial growth.
The government is also planning to invest in logistics service zones, which will make the area even more attractive. By 2025, Hai Phong aims to be a modern international logistics service center, likely drawing more businesses to Trang Cat and driving up property values.
Investors are already taking notice, with increased investments flowing into the region. This focus on logistics and industrial development is pushing property values higher, making it a promising area for potential buyers.
Trang Cat's strategic position and development plans are turning it into a key player in the industrial sector, offering exciting opportunities for those looking to invest in property.
Sources: HEZA, Tetra Consultants, Vietnam.vn
4) Vinh Niem is gaining interest for its rapid infrastructure growth and closeness to the city center, boosting property appreciation potential
Vinh Niem is quickly becoming a favorite spot for investors thanks to its booming infrastructure and closeness to the city center.
In recent years, major projects like the Hai Phong International Gateway Port and the Ben Rung Bridge have been completed, boosting the area's connectivity and making it more appealing. These developments are turning Vinh Niem into a key transit hub in the North, drawing in both businesses and new residents.
But that's not all. Ongoing projects like the Administrative-Political Center and the Convention and Performance Center, which kicked off in 2023, are set to give Vinh Niem a modern facelift. These upgrades are expected to transform the area into a lively urban center, making it even more attractive to investors.
Vinh Niem's strategic location near the city center, along with its improved transportation links, makes it a prime spot for real estate investment. The government's plans for new coastal roads and expanded airport facilities show a strong commitment to further development, hinting at significant property appreciation potential.
As Vinh Niem continues to grow, the demand for real estate is likely to rise, driven by both residential and commercial interests. Experts are forecasting continued growth and investment opportunities in the area, making it a promising choice for those looking to invest.
Sources: HEZA, Source of Asia
5) Kien An District is attracting interest with its expanding industrial zones driving up real estate prices
Kien An District is catching eyes due to its booming industrial zones, which are pushing up real estate prices.
In Hai Phong, the real estate market is on the rise, with the city's GRDP growing by 9.9% year-over-year in the first half of 2023. This economic boost, alongside FDI reaching $1.98 billion, is fueling a surge in residential demand.
The city isn't just sitting back; it's investing heavily in infrastructure. In 2023, public investment surpassed VND 22 trillion, funding expressways, ring roads, ports, and bridges. These improvements are making industrial zones more accessible, drawing in both investors and new residents.
Looking ahead, Hai Phong plans to expand with 15 new industrial zones by 2025. Six of these zones will cover 2,758 hectares, a move expected to attract even more investment. This expansion is a major reason why real estate prices are climbing in areas like Kien An District.
Sources: Vietdata, Savills, HEZA
Get fresh and reliable information about the market in Hai Phong
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
6) Le Chan District is booming with vibrant commercial activities and rising rental yields
Le Chan District is buzzing with activity thanks to its lively commercial scene and rising rental returns.
Since the opening of AEON MALL Hai Phong Le Chan in 2020, the district has seen a major economic boost, creating over 3,000 jobs. This mall is a magnet for both businesses and shoppers, highlighting the district's growing commercial appeal.
Le Chan is also home to impressive projects like the Minato luxury apartment complex, Lach Tray riverside urban area, and the Nikko 5-star hotel. These developments are drawing significant commercial investment, making the district even more attractive. In 2022, retail sales soared to 110.6% of the plan, a 15.9% increase from the previous year, with AEON MALL being a hotspot for consumer spending.
Infrastructure improvements are also in the works, with a new expressway and the expansion of the Lach Huyen port area. These projects are set to enhance connectivity, making Le Chan District a prime spot for investors. The government's efforts to create a business-friendly environment are likely boosting rental yields and demand for properties.
With these developments, Le Chan District is becoming a sought-after location for both businesses and residents. The combination of commercial growth and improved infrastructure is creating a vibrant community with plenty of opportunities.
Investors are taking note of the district's potential, as the area continues to evolve and attract more interest. The dynamic changes in Le Chan are paving the way for a promising future.
Sources: Vietnam.vn, AEON MALL Vietnam, APEDA
7) Ngo Quyen District is gaining interest with rising property values from its strategic location and improved transport links
Ngo Quyen District is seeing a rise in property values thanks to its strategic location and improved transportation links.
Over the past couple of years, significant investments in transportation infrastructure have transformed the area. The Nguyen Trai Bridge, a major project across the Cam River, now connects Ngo Quyen District with key industrial zones. This has made commuting easier and boosted business operations. Plus, the expansion of Nguyen Trai Street and a new road along the Cam River have further enhanced accessibility.
These changes have not only made the district more accessible but also more appealing to buyers and investors. The government's focus on urban development and social housing projects highlights the strategic importance of Ngo Quyen District. This development push has led to a noticeable increase in property transactions as more housing options become available.
With these improvements, Ngo Quyen District is becoming a hotspot for real estate. The area is drawing attention from those looking to invest in a promising location. The district's transformation is a testament to the power of infrastructure in driving property value growth.
As the district continues to evolve, it's clear that transportation upgrades are a key factor in its rising appeal. The ease of travel and enhanced connectivity are making it a desirable place to live and work.
For potential buyers, Ngo Quyen District offers a unique opportunity to invest in a rapidly developing area. The combination of strategic location and improved infrastructure makes it a compelling choice for those looking to capitalize on the district's growth.
Sources: Vietnam.vn, Bao Da Nang, VCCI News
8) Thuy Nguyen is booming with new urban projects and anticipated property value growth
Thuy Nguyen is quickly becoming a hot spot for property buyers due to new urban development projects and anticipated growth in property values.
In 2023, property prices in Thuy Nguyen were already climbing, with apartments averaging VND 45 million per square meter and landed properties at VND 49 million per square meter. This upward trend is expected to continue as the area transforms into a modern urban space by 2045.
Infrastructure investments are a big part of this boom. Projects like expressways, ring roads, and the upcoming Cat Bi International Airport Terminal 2 have made Thuy Nguyen more accessible and appealing. These improvements are key to driving up property values and enhancing the area's charm.
Major urban development projects are in the pipeline, with plans to upgrade Thuy Nguyen to a city by 2025. Prestigious real estate developers are stepping in, offering modern housing options and creating a more upscale living environment. This has attracted both domestic and foreign investors, further boosting the area's growth potential.
Thuy Nguyen's transformation is not just about infrastructure; it's about creating a vibrant community. The influx of developers and investors is turning the area into a desirable place to live, with amenities and lifestyle options that cater to a higher-class market.
As Thuy Nguyen continues to evolve, its property market is set to become even more competitive, making it a prime location for those looking to invest in a promising future.
Sources: Vietnam.vn, Vietnam.vn, Savills
We have made this infographic to give you a quick and clear snapshot of the property market in Vietnam. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) An Duong District is gaining interest for its affordable land and development potential
An Duong District is gaining popularity for its affordable land prices and development potential.
In 2023, land prices in An Duong were much lower than in central Hai Phong, ranging from 12 to 40 million VND per square meter. This affordability makes it a hot spot for investors, especially when compared to the 40 to 100 million VND per square meter in central areas.
The district is set to benefit from new infrastructure projects like expressways and ring roads, which will boost connectivity and accessibility. These projects are part of a larger plan to improve Hai Phong's transportation network, making An Duong even more attractive.
The local government is also offering incentives such as tax breaks and subsidies to encourage property development. This proactive approach is drawing more attention to the area.
Real estate developments are on the rise, driven by An Duong's growth potential and affordable land prices. Real estate agents have noticed a significant increase in demand, fueled by both local residents and investors eager to capitalize on the district's potential.
Media reports highlight An Duong's strategic location and its potential for both residential and commercial development, making it a promising area for future growth.
Sources: Savills, Doanh Nghiep Hoi Nhap
10) Cat Bi is gaining interest for its airport proximity and high rental return potential
Cat Bi is quickly becoming a prime spot for property buyers thanks to its proximity to Cat Bi International Airport.
The airport is not just any airport; it's on the rise. By 2025, it will accommodate up to 8 million passengers, a significant increase from previous years. This influx means the area will be bustling with activity, attracting more people and businesses.
For property owners, this is a golden opportunity. More passengers translate to more business travelers and tourists needing places to stay. Short-term rentals are becoming increasingly popular, and with Hai Phong's history of attracting millions of tourists, the demand for rentals is only set to grow.
But the appeal of Cat Bi isn't just about the airport. The entire area is undergoing a transformation with new infrastructure projects like expressways and bridges. This makes getting around much easier and adds to the area's attractiveness for both residents and businesses.
These developments are backed by the government, signaling a commitment to the region's growth. Such support ensures that the area is poised for significant development, making it an even more attractive investment.
With all these factors in play, Cat Bi offers a unique blend of convenience and potential for high rental returns, making it a compelling choice for property buyers.
Sources: Savills, Hanoi Times
11) Du Hang Kenh is gaining attention for its affordable homes and potential for long-term capital gains
Du Hang Kenh is gaining attention for its affordable housing options and potential for long-term capital gains.
In Hai Phong, the buzz is real with 11 new apartment projects popping up, showing a clear interest in the area. This makes Du Hang Kenh a hot spot for both buyers and investors. Compared to other districts, Du Hang Kenh offers more budget-friendly choices, with apartment prices in Hai Phong averaging VND 45 million per square meter.
The Vietnamese government is pouring money into infrastructure, like expressways and ports, which boosts connectivity and amenities. This makes Du Hang Kenh even more appealing. Young families and professionals are flocking to Hai Phong, drawn by its strong economy and industrial growth. This demographic shift favors areas like Du Hang Kenh, which likely offer affordable housing options perfect for these groups.
Experts are optimistic about the area's growth. A survey by Walker & Dunlop points to a rise in debt and equity investments in affordable housing, hinting at a favorable investment climate for 2025. This supports the potential for long-term capital gains in Du Hang Kenh.
Sources: Savills, GlobeSt, Wikipedia
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.