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What will happen in Quang Ninh’s real estate market? Will prices go up or down? Is Ha Long Bay still a hotspot for foreign investors? How is Vietnam’s government impacting real estate policies and taxes in 2025?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with local developers, real estate agents, and clients who buy properties in Quang Ninh, we’ve gained firsthand insights.
That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market predictions and forecasts.
Our goal is simple: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could do better, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll work hard to improve this content for you.

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1) More foreign buyers will invest in Quang Ninh’s residential market because of favorable investment conditions
Foreign buyers are eyeing Quang Ninh's residential market because of favorable investment conditions.
In 2023, Quang Ninh was a standout in Vietnam, attracting over $3 billion in foreign direct investment (FDI), surpassing its annual target. This momentum carried into 2024, with significant investments from major players like China and Japan.
Quang Ninh's reputation as a business-friendly province is well-earned, having been ranked the most business-friendly for seven years straight. The government has rolled out policies that make it easier for foreigners to own property, simplifying the process for international investors.
Infrastructure is a game-changer here. The province has adopted a 'three-in-one' model, integrating industrial parks, urban areas, and service zones. This, along with new expressways and international airports, boosts connectivity and cuts costs, making the area even more appealing.
These developments are not just about convenience; they are strategic moves to enhance the region's attractiveness to foreign investors. The improved infrastructure means better access and lower operational costs, which are key factors for investors.
With these advantages, it's no wonder that Quang Ninh is becoming a hotspot for foreign buyers looking to invest in Vietnam's real estate market.
Sources: VnEconomy, The Investor, MOC
2) Quang Ninh’s property prices will rise moderately because of steady economic growth
Quang Ninh's real estate market is poised for a moderate price increase due to its steady economic growth.
In 2023, Quang Ninh's economy showed impressive strength with a GRDP growth of 11.02%, driven by exports, manufacturing, and tourism. This momentum is expected to continue into 2024, making the region an attractive spot for property investment.
Foreign investors are taking notice, with Quang Ninh attracting $3.24 billion in FDI in 2023, ranking third nationwide. The focus on high-tech and green technology sectors is not only boosting the local economy but also enhancing the appeal of the real estate market.
Infrastructure development is another key player. The government is investing in industrial parks and economic zones, which are improving connectivity and drawing in more businesses. This, along with a rise in tourism, is creating a dynamic economic environment that supports real estate growth.
The expansion of industrial zones is bringing in a new workforce and residents, while locals are enjoying rising disposable incomes. This increase in purchasing power is driving demand for both residential and commercial properties, contributing to the market's upward trend.
With these factors in play, Quang Ninh's real estate market is set for a steady climb, making it a promising area for potential buyers looking to invest in a growing region.
Sources: VietnamPlus, The Investor, DEEP C

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) Demand for luxury real estate in Quang Ninh will grow as it becomes a high-end tourist destination
Quang Ninh is quickly becoming a hotspot for luxury tourism.
In 2023, the area welcomed over 12 million tourists, marking a significant increase from the previous year. This surge shows that more people are discovering Quang Ninh's charm and are eager to explore its offerings. The local scene is buzzing with new attractions, making it a must-visit destination.
By 2024, Quang Ninh introduced 67 new tourism products, including luxury yacht services and exclusive tours like the "Heritage Journey." These are tailored for high-end tourists seeking unique experiences. The addition of luxury hotels, such as the Wyndham Garden Sonasea Resort and the Angsana Quan Lan Ha Long Bay Hotel, underscores the region's dedication to upscale tourism.
The local government is actively transforming the area by focusing on sustainable tourism and promoting iconic spots like Ha Long Bay. They're working on establishing direct flights from major countries and forming partnerships with international cruise operators, making Quang Ninh more accessible to travelers worldwide.
Quang Ninh's luxury real estate market is set to benefit from this tourism boom. As more high-end tourists flock to the area, the demand for luxury properties is expected to rise. This trend is likely to attract investors looking to capitalize on the region's growing popularity.
With its emerging status as a high-end tourist destination, Quang Ninh is poised to become a major player in the luxury real estate market. The combination of new attractions, improved accessibility, and government support is creating a perfect storm for growth.
Sources: Vietnam Plus, Dang Cong San
4) Demand for eco-friendly homes in Quang Ninh will grow significantly as people become more environmentally conscious
In Quang Ninh, the demand for eco-friendly homes is on the rise as people become more environmentally conscious.
By the end of 2023, Vietnam saw a 30% boost in green building certifications, showing a national shift towards sustainable construction. In Quang Ninh, over 90% of consumers are willing to pay extra for sustainable materials, highlighting a strong preference for eco-friendly living.
The Vietnamese government is a key player in this green transition, enforcing policies that mandate green measures in new constructions and offering incentives for eco-friendly product manufacturers. This is crucial for coastal areas like Quang Ninh, which face threats from sea-level rise and other environmental issues.
Locally, Quang Ninh's government is pushing for sustainability with initiatives aimed at improving housing through eco-friendly methods. Eco-friendly housing is now a part of regional urban planning, ensuring future developments focus on sustainability.
As more people recognize the benefits of sustainable living, the demand for eco-friendly homes in Quang Ninh is expected to keep growing. This trend is supported by both government policies and consumer preferences.
Sources: VnEconomy, FazWaz, IFC
5) Rental yields in Quang Ninh will rise as tourism recovers and grows
Quang Ninh is buzzing with tourists, drawing in over 12 million visitors in just the first eight months of 2023.
With this influx, accommodation demand is skyrocketing. Hotels are seeing more guests, especially from abroad, and nearby Hanoi's 5-star hotels hit a 60% occupancy rate in 2023.
The local government is pouring resources into upgrading tourism infrastructure, like better transport and aviation links, making Quang Ninh even more accessible and attractive to visitors.
Quang Ninh isn't just resting on its laurels; it's expanding its tourist attractions. With stunning spots like Ha Long Bay, the region is diversifying its tourism offerings to draw even more visitors.
All these efforts are paying off, as tourism revenue in the region saw a big boost in 2023. This is great news for anyone considering investing in rental properties here.
With more tourists, higher hotel occupancy, and government backing, rental property yields in Quang Ninh are set to rise, making it a promising market for investors.
Sources: Quang Ninh Government, Vietnam Plus, VnEconomy
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6) Rental prices in Quang Ninh will increase as more expatriates move to the area
Rental prices in Quang Ninh are on the rise as the area becomes a hotspot for expatriates.
In 2023, Quang Ninh saw a 54% jump in tourism during the first seven months compared to the previous year. This boom is a clear sign that more expatriates are eyeing the region for work or retirement. The local government is pushing hard to make Quang Ninh a top choice for foreign investment, especially in sustainable tourism.
With new infrastructure and amenities popping up, the area is not just for tourists anymore; it's becoming a magnet for expatriates. As international companies set up shop in Quang Ninh, the demand for rental properties is climbing, which means prices are likely to go up.
High-end residential properties are sprouting up, showing a clear demand for luxury living spaces among expatriates. This trend is a strong indicator that rental prices will continue to rise. The addition of cultural and recreational facilities is making Quang Ninh even more attractive, adding to the upward pressure on rental costs.
As the region gears up for more international attention, the real estate market is responding. The combination of rising property prices and increased demand is a recipe for higher rental prices. Quang Ninh is quickly becoming a desirable location for those seeking a blend of work and leisure.
With all these developments, it's no wonder that rental prices are expected to climb. The region's transformation into a vibrant hub for expatriates is well underway, and the real estate market is keeping pace.
Sources: Quang Ninh Government, Vietnam News Agency, CBRE Vietnam, TMS Consultancy
7) Properties near natural attractions in Quang Ninh will become more appealing due to a focus on sustainable tourism
Quang Ninh is becoming a hotspot for property buyers thanks to its focus on sustainable tourism.
In 2023, the province experienced a 54% surge in visitors compared to the previous year, reflecting a growing interest in eco-friendly tourism. This trend is set to continue as Quang Ninh aims to welcome 20 million tourists by 2025, with sustainability at the forefront.
The government is backing this vision with projects like the Mong Cai Tourism Development Project, which plans to transform the area into a green and smart tourist city by 2025. Such initiatives not only enhance the visitor experience but also make nearby properties more attractive.
Local businesses are also getting on board with eco-certifications. For instance, Bhaya Cruises received the Blue Sail eco-label, underscoring the province's dedication to environmental protection. This commitment is likely to attract more eco-conscious travelers, boosting demand for properties near these attractions.
Imagine owning a property where the natural beauty is preserved and enhanced by sustainable practices. Quang Ninh's approach is not just about tourism; it's about creating a lifestyle that values nature and sustainability.
With these developments, properties near Quang Ninh's natural attractions are becoming increasingly appealing to buyers who value both investment potential and environmental responsibility.
Sources: Nhandan, Vietnam News, Bhaya Cruises
8) Demand for homes with outdoor recreational access in Quang Ninh will grow
Quang Ninh is buzzing with excitement, attracting 15.5 million tourists in 2023 who are captivated by its stunning natural beauty.
Imagine living near the breathtaking Ha Long Bay, a UNESCO World Heritage Site, which is a major draw for those considering a move to the area. The region's charm is undeniable, and it's not just about the views; there's a growing interest in eco-friendly residential projects like the Green Bay Garden by BIM Group, which offers modern amenities and lush green spaces.
People are increasingly drawn to homes that promote a healthier lifestyle, with easy access to parks and recreational areas. In Quang Ninh, there's a noticeable trend of residents preferring to live close to nature, supported by the province's investment in infrastructure that encourages outdoor activities like hiking and cycling.
Properties near recreational spaces are in high demand, often fetching higher prices. This trend is driven by younger, more active populations who value the benefits of living near nature. Social media also plays a role, showcasing the perks of such locations and influencing consumer preferences.
Government initiatives are in full swing, emphasizing sustainable urban planning and the creation of green spaces, making these properties even more appealing. The focus on eco-friendly living aligns with a broader shift towards sustainability, which is becoming increasingly important to potential buyers.
As Quang Ninh continues to develop, the residential market is set to see increased interest in properties with access to outdoor recreational spaces, reflecting a broader lifestyle shift towards health and sustainability.
Sources: Vietnam News, FazWaz, Vietnam.vn

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) Urban property prices in Quang Ninh will rise more slowly than in suburban areas
In Quang Ninh, suburban property prices are rising faster than those in urban centers.
One big reason for this shift is the government's focus on improving infrastructure in suburban areas. They're building roads and transport links that connect these areas to major economic zones, making them more appealing for both living and investment. This means that while urban areas used to be the go-to spots for property investment, the suburbs are now catching up.
The government is also pushing for growth in these suburban regions by developing industrial parks and seaport complexes. This move is designed to cut down on transportation costs and boost logistics, which naturally draws more businesses and residents to these areas. As a result, the population and investment are spreading out more evenly, which helps keep urban property prices from skyrocketing.
People's lifestyle choices are changing too. Many are now looking for the perks of suburban living, like family-friendly environments and lower living costs. This isn't just happening in Quang Ninh; it's a trend seen in many places where the suburbs offer a better quality of life. Because of this, suburban properties are becoming more popular, and their prices are climbing faster than those in the city.
In essence, the combination of government policies and changing lifestyle preferences is making suburban areas more attractive. This shift is leading to a more balanced distribution of population and investment, which in turn slows down the price increases in urban centers.
So, if you're thinking about buying property in Quang Ninh, it might be worth considering the suburbs. With all the development and lifestyle benefits, suburban areas are becoming the new hotspots for property investment.
Sources: MOC.gov.vn, Baochinhphu.vn, World Bank
10) Quang Ninh will attract more buyers as air quality improves
Quang Ninh's real estate market is becoming more attractive due to improved air quality initiatives.
In 2023, Ha Long in Quang Ninh saw a noticeable drop in pollution, with PM2.5 and PM10 levels decreasing. This is thanks to the Quang Ninh Provincial People's Committee, which has been proactive in tackling air pollution. They've installed an automatic environmental monitoring system and achieved impressive waste and wastewater treatment rates.
Quang Ninh is also investing in green infrastructure and public transport, like the Van Don Airport and Ha Long International Passenger Port. These projects help cut down pollution. The province is moving towards a green economy, focusing on wind and solar power, which not only cleans the air but also makes the area more appealing to homebuyers.
Looking at other places like Hanoi, we see that better air quality can boost real estate demand. This trend is expected to happen in Quang Ninh too, as more buyers look for cleaner environments. When air quality improves, property values often rise, attracting more buyers and pushing prices up.
Quang Ninh's efforts to improve air quality are making it a more desirable place to live. As the environment gets cleaner, the region becomes more attractive to those looking to buy property, potentially leading to a surge in demand.
Sources: AQI Vietnam, UNESCO, Nhan Dan
11) Eco-friendly homes in Quang Ninh will become more appealing due to government incentives for green building practices
The Vietnamese government is making eco-friendly homes in Quang Ninh more appealing by actively promoting green building practices.
In 2023, the Prime Minister approved a scheme to support energy transition projects, including those related to green building. This kind of government backing is crucial for encouraging the development of eco-friendly homes in the region.
There's been a noticeable rise in eco-friendly construction permits across Vietnam, hinting at a growing trend towards sustainable development. This trend is likely to influence Quang Ninh, making it a more appealing location for green building projects. The province's strategic goals to become an energy center by 2030 further support this shift towards eco-friendly housing.
Moreover, consumer interest in sustainable living is on the rise, as shown by surveys in Vietnam. This growing awareness among consumers about the benefits of eco-friendly homes, such as reduced utility costs, is likely to drive demand for such properties in Quang Ninh. The government's potential tax incentives or rebates for green home construction could also play a significant role in making these homes more attractive to both builders and buyers.
Consumer interest in sustainable living is growing, as surveys in Vietnam show. This awareness about the benefits of eco-friendly homes, like reduced utility costs, is likely to drive demand for such properties in Quang Ninh. The government's potential tax incentives or rebates for green home construction could also play a significant role in making these homes more attractive to both builders and buyers.
Sources: VietnamNet, The Green Insight, IFC, Climate EU, KBKG
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12) Residential property values near new industrial zones in Quang Ninh will rise
The new industrial zones in Quang Ninh are expected to create a significant number of jobs, leading to a higher demand for housing nearby.
By 2025, the processing and manufacturing industry in Quang Ninh aims to contribute 15% to the region's GDP, with a target of 20% by 2030. This job creation is a major factor in boosting residential property values as workers seek homes close to their jobs.
Looking at similar regions, industrial growth often results in property value appreciation. For instance, in Bac Ninh and Hung Yen, new industrial parks have driven up rental rates and property values due to demand from sectors like electronics and automobiles.
The government is investing heavily in infrastructure to support these industrial zones, making nearby residential areas more attractive. The establishment of the Quang Yen Coastal Economic Zone in 2020 has already enhanced economic, trade, and services connections, paving the way for further growth.
This infrastructure development is crucial for supporting both industrial and residential expansion. As Quang Ninh's industrial zones develop, we can expect a similar pattern of increased property values as seen in other regions.
With these developments, Quang Ninh is set to become a hotspot for both industrial and residential growth, offering promising opportunities for property investors.
Sources: Blue Ocean Realty, CBRE Vietnam, Deep C
13) Property prices in Quang Ninh will rise as improved transport makes previously hard-to-reach areas more accessible
Quang Ninh's transportation infrastructure has seen a major upgrade, thanks to government and private investments.
The new Hạ Long – Vân Đồn – Móng Cai expressway, stretching 176 km, is a game-changer. Travel times have been slashed, making once remote areas more appealing to both locals and investors. This has already sparked a rise in property transactions.
When new roads and highways pop up, property prices usually follow suit. Quang Ninh is no exception, with more projects on the horizon promising to boost the area's charm even further.
Experts say this infrastructure boom will lure more investments, fueling long-term growth. Expect property prices to climb in areas that were once off the beaten path.
Real estate developers are eyeing these newly accessible spots, which means property values are likely to rise as they pour money into the region. Media buzz is drawing attention from both local and international investors.
Surveys show potential homebuyers are increasingly interested in these areas. Property prices are set to rise as more people look to move in. Other provinces with similar upgrades have seen property values soar over time.
Sources: Invest in Quang Ninh, Vietnam News, Nhan Dan
14) Property values with sustainable features in Quang Ninh will rise due to stricter environmental regulations
Quang Ninh is making waves with its push for sustainability, especially in tourism and real estate.
Back in 2023, the province took a big step by conducting its first carrying capacity assessment for Ha Long Bay, which underscored the need for sustainable tourism. This move is likely to boost property values as more people are drawn to eco-friendly living.
The government is all in on green growth, with plans from 2021 to 2030 aimed at preventing pollution and environmental degradation. This means developers might find incentives to build eco-friendly properties, making these homes more appealing and valuable.
People are getting the hang of sustainability in real estate, with a growing awareness and education on the topic. This shift suggests a rising interest in sustainable living environments, which could drive up demand for properties with green features.
Stricter environmental regulations are another key factor. These rules are expected to boost demand for sustainable properties, similar to trends seen in places like Hai Phong. Quang Ninh's shift from a brown to a green economy, backed by strict regulations and investments in green infrastructure, is a big part of this.
Sources: UNESCO, Vietnam Briefing, Nhan Dan

We made this infographic to show you how property prices in Vietnam compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
15) Demand for modern apartments in Quang Ninh will rise as more young professionals move in
Quang Ninh is quickly becoming a magnet for young professionals due to its dynamic growth and opportunities.
In 2024, the province welcomed 19 million visitors, marking a 20% increase from the previous year, hinting at its rising appeal. This surge in interest suggests that young professionals are eyeing Quang Ninh for its promising prospects.
The local economy is thriving, driven by cross-border trade, sea trade, and commercial services. The government is actively enhancing the business climate, drawing in foreign direct investment, and bolstering industries like computer electronics and textiles, creating a fertile ground for job seekers.
Infrastructure is getting a major boost with projects like the Van Don International Airport and the Van Don Special Economic Zone. These initiatives not only improve connectivity but also offer the modern amenities that young professionals crave, such as high-quality housing and commercial spaces.
Urban development is a priority, with the local government focusing on housing projects that cater to the needs of young professionals seeking modern living spaces. This aligns with the province's push for sustainable tourism, which aims to enhance service quality and diversify tourism offerings.
Sources: Deep C, Dang Cong San
16) Interest in rural properties in Quang Ninh will grow as remote work becomes more common
Quang Ninh's countryside is becoming a hot spot for property buyers, thanks to the rise of remote work.
With the push for better digital infrastructure, high-speed internet is now widely available in these rural areas. This upgrade has been a game-changer, attracting both investors and new residents who can now work from anywhere.
In Vietnam, the remote work trend is booming. By 2023, nearly half of employers had embraced some form of remote work, and many are sticking with hybrid models. This shift is making rural properties more appealing, offering a peaceful lifestyle without losing touch with work.
Many remote workers, especially in IT, are drawn to less crowded places. They value the better work-life balance and relaxed environment that rural living offers. This trend is often highlighted in media, showing how rural Quang Ninh is becoming a top choice for remote workers.
Quang Ninh's rural charm, combined with modern connectivity, is a winning formula. As more people seek a quieter life, interest in these areas is set to rise, making them a smart investment.
With these factors in play, it's clear that rural Quang Ninh is on the radar for those looking to embrace remote work in a serene setting.
Sources: Nhandan, Hireforce Blog, MOC
17) Interest in homes with office spaces in Quang Ninh will grow as remote work becomes more popular
Remote work is booming in Vietnam, and it's changing how people think about where they live.
In 2023 and 2024, 80% of people in Vietnam wanted to keep working remotely, according to a survey by Q&Me Vietnam Market Research. This shift is not just a passing trend; it's becoming a new way of life for many. With more people working from home, the need for spaces that can double as home offices is growing.
Vietnam is climbing the ranks as a top spot for remote work, thanks to better internet and digital infrastructure. This has led to a big jump in remote IT job listings, which went up by over 50% in just a year. As companies continue to offer remote work options, with 81% keeping some form of it by 2024, the demand for homes with office spaces is expected to rise.
In Quang Ninh, while we don't have specific numbers, the trend is clear: people want homes that offer flexible living spaces. This is especially true for Vietnamese IT professionals who value the balance between work and personal life that remote work offers. The younger generation is particularly keen on this balance, and it's influencing both job markets and property choices.
As remote work becomes more common, properties with dedicated office spaces are becoming more desirable. This is not just about having a desk in the corner; it's about creating a space where work and life can coexist comfortably. The younger workforce is driving this change, seeking homes that support their new work-life balance.
Quang Ninh is poised to benefit from this shift, as more people look for homes that can accommodate their remote work needs. The growing popularity of remote work is reshaping how people think about their living spaces, making properties with home office spaces more attractive.
Sources: Hireforce Blog, Viettonkin Consulting
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18) Demand for flexible living spaces in Quang Ninh will grow as more digital nomads move in
The rise of digital nomads is reshaping how people live and work, with over 35 million digital nomads worldwide contributing significantly to the global economy.
Thanks to the pandemic, remote work has become the norm, and the number of digital nomads in the US alone jumped from 7.3 million in 2019 to 17.3 million in 2023. This shift means more people are looking for places where they can live flexibly while working remotely.
Quang Ninh is catching the eye of digital nomads, largely because of its increasing availability of high-speed internet. Reliable connectivity is a must for remote work, making this region a hot spot for those seeking flexible living arrangements.
Digital nomads often prefer short-term rentals, which offer the flexibility they crave. This trend is likely to take hold in Quang Ninh, given its appeal to remote workers. Vietnam, as a whole, is already a favorite among digital nomads, and Quang Ninh could follow suit.
With its stunning landscapes and growing infrastructure, Quang Ninh is poised to become a top choice for digital nomads. The region's potential is bolstered by case studies from other parts of Vietnam, showcasing its attractiveness to this new wave of workers.
As more digital nomads flock to places like Quang Ninh, the demand for flexible living arrangements will only grow. This trend is not just a passing phase but a significant shift in how people choose to live and work.
Sources: Pumble, A Brother Abroad, VietnamPlus
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.