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Where are the best places to invest in Quang Ninh right now? Is Ha Long still the top pick, or are areas like Mong Cai, Cam Pha, and Van Don 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 authorities, real estate agents, 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 Quang Ninh 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.
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1) Bai Chay is booming with its tourism industry driving high rental yields for vacation properties
Bai Chay is a hot spot for real estate, thanks to its booming tourism industry.
In 2023, Quang Ninh province, home to Bai Chay, saw over 12 million tourists flocking in, a big jump from the previous year. This influx of visitors has cranked up the demand for vacation rentals, making the area a magnet for property investors.
Vacation rentals in Bai Chay are seeing higher occupancy rates than ever. With travel restrictions easing in nearby countries, some hotels are even doing better than they did before the pandemic. This means property owners are enjoying high rental yields, which is music to the ears of real estate investors.
The local government is also pulling out all the stops to make Bai Chay a top tourist destination. They've been busy developing infrastructure like international passenger ship ports and entertainment facilities. These efforts are not just about boosting tourism; they're also giving the real estate market a solid push.
All these developments are part of a bigger plan to make tourism a sustainable economic pillar in the region. The focus on infrastructure and entertainment is designed to keep the tourist numbers climbing, which in turn keeps the real estate market buzzing.
For anyone looking to invest in property, Bai Chay offers a promising opportunity with its thriving tourism scene and the potential for lucrative rental returns.
Sources: VietnamPlus, Banyan Group Annual Report 2023, Asemconnect Vietnam
2) Quang Yen is gaining attention as a logistics hub, boosting demand for industrial and commercial properties
Quang Yen is quickly becoming a prime spot for investors, thanks to its growth as a logistics hub.
In recent years, Quang Ninh has poured resources into infrastructure, like the dredging of the Chanh River. This project directly links DEEP C Industrial Zones to Lach Huyen Seaport in Haiphong, cutting down transport costs and boosting logistics in the area. The region is also setting aside over 6,589 hectares for new industrial parks and 1,626 hectares for industrial clusters by 2030, with major complexes like Bac Tien Phong and Nam Tien Phong leading the charge.
Government policies are a big part of the picture. The provincial authorities have a clear vision to turn Quang Ninh into a major import-export gateway by 2030. This vision is backed by infrastructure development and a push to showcase the region's potential. As a result, international logistics giants like BW Industrial and CORE5 are setting up shop here.
The demand for warehouse and distribution facilities is on the rise, driving the need for industrial properties. The real estate market in Quang Ninh is buzzing with activity, showing a strong market for industrial properties. In fact, Quang Ninh's economic growth is evident as it ranked first among Vietnamese provinces in attracting foreign investment in 2023, with over $3.1 billion in foreign investment.
Quang Yen's strategic location and development efforts are making it a focal point for investors. The combination of infrastructure improvements, government support, and rising demand for industrial spaces is creating a perfect storm for growth. Investors are taking note, and the area is poised for even more expansion in the coming years.
Sources: DEEP C's initiatives and long-term vision, Vietnam Industrial Real Estate Market, Quang Ninh spends more than 8,000 hectares of land for 8 industrial parks and 28 new industrial clusters, Vietnam 2024 Outlook Report
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.
3) Mong Cai is booming with its strategic location near the China border, attracting commercial real estate investments
Mong Cai's strategic location near the China border is a game-changer for commercial real estate.
Thanks to this prime spot, the city has seen a boom in cross-border trade. By mid-2021, over 1 million tonnes of goods were imported and exported through its border gate, an impressive 89.2% jump from the previous year. This bustling trade scene is a magnet for investors.
Infrastructure upgrades are a big part of the story. The new Van Don - Mong Cai expressway and other transport projects have made it a breeze to move goods and people across the border. This ease of access has caught the eye of both local and international investors, eager to tap into Mong Cai's strategic advantages.
Government policies are also in play, positioning Mong Cai as a key economic bridge between ASEAN and China. These policies have spurred investment in logistics and warehousing, giving a boost to the city's commercial real estate market. Investors are particularly drawn to the economic zones that promise growth and opportunity.
With these developments, Mong Cai is not just a border city; it's becoming a hub for trade and investment. The city's transformation is evident in the bustling activity and the influx of businesses setting up shop, all thanks to its strategic location and supportive infrastructure.
Sources: Invest in Quang Ninh, Vietnam News, VietnamNet
4) Hoanh Bo is gaining interest for its integration into Ha Long City, boosting property values and development prospects
Hoanh Bo is now part of Ha Long City, and this change is turning heads in the real estate world.
With this integration, Ha Long is on a mission to become a top tourist and service hub, as per the 2023 master plan. By 2025, Hoanh Bo will boast a complete urban infrastructure, featuring green and smart city elements. This is a big deal for anyone eyeing property here.
Ha Long City's population is expected to swell to between 800,000 and 830,000 by 2040. This growth means more people will need homes and commercial spaces, likely pushing property prices up in Hoanh Bo. Plus, the Viet Hung Industrial Zone in Quang Ninh is getting a boost with investments in electricity and water, making it a magnet for businesses and residents.
Transportation links between Hoanh Bo and Ha Long City are set to improve, making the area more accessible. This connectivity is key for attracting new residents and businesses, which can lead to higher property values. The government's backing and incentives for property development in Hoanh Bo also create a welcoming environment for investors.
For those considering a move or investment, Hoanh Bo's integration into Ha Long City is a game-changer. The area's development prospects are looking bright, with enhanced infrastructure and government support paving the way for growth.
As the master plan unfolds, Hoanh Bo is poised to become a hotspot for real estate, thanks to its strategic location and the promise of a vibrant urban lifestyle. Investors and developers are taking note, seeing the potential for significant returns.
Sources: Vietnam Plus, UNFPA Vietnam, Quang Ninh Government
5) Van Don is booming as a special economic zone, driving property values and investment opportunities
Van Don is buzzing with investment opportunities thanks to its status as a special economic zone (SEZ).
This SEZ designation has turned Van Don into a magnet for both local and international investors. With its focus on high-tech industries, ecotourism, and commercial services, the area is ripe for growth. The government is pouring money into infrastructure, making it even more appealing. Take the Van Don International Airport, for example. It's the first privately owned airport in Vietnam, built with a whopping $310 million investment. This airport can handle large aircraft, turning Van Don into a major transportation hub.
Connectivity is another big draw. The Ha Long - Van Don expressway is a game-changer, boosting accessibility and attracting more investors. The government isn't stopping there; they're offering enticing incentives like tax benefits to lure businesses. These perks make Van Don a hot spot for anyone looking to invest.
The media is also playing its part, shining a spotlight on Van Don as a real estate hotspot. This buzz is driving up property prices and increasing real estate transactions. It's no wonder that Van Don is becoming a focal point for investment opportunities.
With all these elements in play, Van Don is not just a place to watch; it's a place to invest. The combination of government support, improved infrastructure, and media attention is creating a perfect storm for growth.
Investors are taking note, and the area is seeing a surge in interest. If you're considering buying property in the country, Van Don should definitely be on your radar.
Sources: Vietnam's Economic Zones: A Practical Guide for Investors, Vietnam inaugurates new Van Don International Airport, Increase Regional Links with Synchronous Transport Infrastructure
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6) Dong Trieu is gaining interest with its expanding transport links, boosting property prices and development
Dong Trieu is becoming a hotspot thanks to its expanding transport links, which are set to boost property prices and development.
Quang Ninh province has been pouring resources into upgrading Provincial Roads 330 and 327, which now offer enhanced connectivity to major cities like Uong Bi and Ha Long. This is part of a grand plan to create a modern transportation network, making Dong Trieu more accessible and attractive for investment.
Beyond roads, a whopping 12,000 billion VND has been funneled into Dong Trieu's new city. This investment is all about linking the city with key highways and logistics systems, cutting down costs and travel time for businesses. It's a strategic move that makes Dong Trieu a magnet for investors eager to tap into its growing infrastructure.
The local government isn't stopping there. They've greenlit major transport projects, with plans to renovate and upgrade key roads from 2024 to 2027. These efforts are set to boost regional connectivity, drawing in more investors and pushing property prices even higher.
All these developments are positioning Dong Trieu as a prime area for growth and investment. The combination of improved transport links and strategic investments is creating a buzz among potential buyers and investors.
With these ongoing projects, Dong Trieu is not just on the map; it's becoming a key player in the region's development. The future looks bright for this area, with its expanding infrastructure paving the way for new opportunities.
Sources: VnEconomy, Vietnam.vn
7) Cam Pha is attracting interest with its industrial growth and increasing demand for worker housing and rentals
Cam Pha is buzzing with industrial growth, sparking a surge in demand for worker housing and rental properties.
Located in Quang Ninh province, Cam Pha is seeing a boom as the area expands its industrial zones. The province is setting aside over 8,000 hectares for new industrial parks and clusters, aiming to draw in more foreign investment and create jobs. This strategic move is turning heads, especially among those eyeing real estate opportunities.
With industrial activities ramping up, employment opportunities are on the rise. Investments in these industrial parks and clusters are growing by 10% each year, leading to the creation of about 22,000 new jobs annually. This influx of workers is naturally driving up the demand for housing and rental properties, making Cam Pha a hot spot for potential buyers.
The local government isn't just sitting back; they're actively improving infrastructure to support this growth. This makes Cam Pha even more appealing to both investors and workers. As more people flock to the area for job opportunities, the need for housing continues to climb, presenting a golden opportunity for real estate investment.
For those considering buying property, Cam Pha offers a promising landscape. The combination of industrial expansion and infrastructure development is creating a vibrant environment for real estate growth. With the ongoing demand for housing, investing here could be a smart move.
8) Ha Long Marina is gaining attention for its luxury waterfront properties and strong appreciation potential
Ha Long Marina is a hotspot for luxury waterfront properties, and there's a good reason for it.
The area has seen a surge in property prices, largely due to the booming tourism industry. In 2024, tourism revenue in Ha Long City hit about 20.300 billion VND, with many visitors coming from abroad. This influx of international tourists has naturally increased the demand for luxury accommodations, including those stunning waterfront properties.
Globally, there's a growing appetite for luxury waterfront homes, and Ha Long Bay is no exception. Its unique charm and the limited number of available waterfront properties make them highly desirable. This isn't just a local trend; similar demand is seen in premium spots like Lake LBJ in Texas, showing a broader market trend that benefits Ha Long Marina.
Real estate experts have flagged Ha Long Marina as a promising investment area. The combination of rising tourism and the allure of Ha Long Bay plays a big role in this. The upcoming opening of luxury resorts, like the InterContinental Residences Halong Bay in early 2025, is expected to further enhance the area's appeal, creating a buzz for property investments.
This new development aims to fill the gap in luxury accommodations, which has been a hurdle in attracting wealthy tourists for extended stays. With more high-end options, the area is set to draw in more affluent visitors, boosting the local real estate market.
Sources: Vietnam.vn, H2H Organizing
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Vietnam. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) Tien Yen is gaining attention for its infrastructure upgrades, boosting property value potential
Tien Yen is on the rise as a promising property market thanks to major infrastructure upgrades.
In Quảng Ninh Province, where Tien Yen is located, there's been a surge in government investments to modernize infrastructure. One standout project is the Vân Đồn-Móng Cái highway, which has significantly improved connectivity within the province and to neighboring areas.
This new highway is a game-changer, linking Tien Yen to major cities and making it more accessible. Better transport links attract property developers who see potential in areas that are easier to reach.
Quảng Ninh's ongoing infrastructure development hints at future commercial and industrial growth in Tien Yen. While specific plans for Tien Yen aren't detailed, the province's push for private investment in urban housing projects creates a favorable environment for growth.
With these improvements, Tien Yen is becoming more appealing to both residents and businesses. The enhanced connectivity is expected to boost property values as interest from developers increases.
As infrastructure continues to evolve, Tien Yen is poised to benefit from the province's broader development strategy, making it a hotspot for future investments.
Sources: Vietnam News, Yoginfra
10) Uong Bi is gaining attention for its proximity to Ha Long Bay, appealing to residential and tourism real estate investors
Uong Bi is catching eyes because it's just a stone's throw from the famous Ha Long Bay.
In 2023 and 2024, Quang Ninh, the province where Uong Bi is located, saw a big jump in tourism. This likely boosted real estate activity in nearby areas like Uong Bi. Tourism in Ha Long Bay has been booming, with a 20% increase in visitors in the first half of 2024 compared to 2023. This surge makes nearby areas like Uong Bi more appealing for both living and tourism-related real estate.
Property prices in Uong Bi are probably rising, similar to trends seen in other places with growing economies. Although we don't have exact numbers for Uong Bi, it's reasonable to think that being near Ha Long Bay makes it more valuable. New residential and commercial projects are popping up in Uong Bi, thanks to Quang Ninh's push for tourism and economic growth.
This includes fancy resorts near Bai Tu Long Bay, which attract more visitors and lead to more development in Uong Bi. The government is also working on better roads and digital infrastructure to connect Uong Bi with Ha Long Bay, making it even more attractive. Quang Ninh's efforts to boost tourism are clearly paying off, drawing more interest to Uong Bi.
With the rise in tourism, Uong Bi is becoming a hotspot for both residential and tourism-related real estate. The proximity to Ha Long Bay is a major draw, offering potential buyers a mix of scenic beauty and investment opportunities. As more people flock to the area, the demand for property is likely to keep climbing.
Investors are eyeing Uong Bi not just for its location but also for the potential growth in property value. The ongoing development projects and improved infrastructure are making it a prime spot for real estate. Uong Bi's real estate market is on the rise, and those looking to invest might want to act sooner rather than later.
Sources: Vietnam.vn, Nhan Dan
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.