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Where are the best places to invest in Vietnam right now? Is Ho Chi Minh City still the top pick, or are cities like Da Nang, Nha Trang, and Hanoi gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the country. 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 Vietnam 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) Binh Duong Province is gaining interest for its rapid industrial growth and affordable housing compared to Ho Chi Minh City
Binh Duong Province is drawing in investors thanks to its booming industrial sector and budget-friendly housing.
In early 2024, the province attracted $525 million in foreign direct investment, marking a 75% jump from the previous year. This surge underscores the region's growing allure for international investors.
New industrial parks are a major driver of this growth. By 2025, Binh Duong will add two more parks, with plans for eight additional ones by 2030. These parks offer ample space for manufacturing, attracting big names like Tokyu and Sembcorp.
Besides industrial expansion, Binh Duong's housing market is a big draw. Compared to Ho Chi Minh City, housing here is much more affordable. Projects like TT AVIO and Phu Dong Sky One offer units at lower prices, appealing to both local and foreign buyers.
The cost of living in Binh Duong is another plus. Apartment prices are significantly lower than in Ho Chi Minh City, making it a smart choice for real estate investment.
With its rapid industrial growth and affordable living, Binh Duong is becoming a hotspot for investors looking for value and opportunity.
Sources: VnExpress, VnExpress, Vietdata
2) Thanh Hoa's Sam Son Beach is gaining interest with its growing popularity as a domestic tourist hotspot driving property development
Sam Son Beach in Thanh Hoa is quickly becoming a favorite getaway for domestic tourists.
In 2023, 5.3 million tourists flocked to the beach in just the first half of the year, marking a nearly 30% jump from the previous year. This influx of visitors generated over VND9.1 trillion in revenue, more than doubling the previous year's earnings. With such a boom, it's no wonder the area is seeing a surge in property development.
To cater to the growing number of tourists, new hotels and resorts are popping up. One of the most anticipated is the Lasong Hotel & Villas Sam Son, set to open in 2025, offering luxurious rooms and villas. Meanwhile, the Sun World Sam Son Water Park is under construction, aiming to be the largest entertainment complex in the region, complete with a theme park and water park.
The local government is also stepping up by investing in infrastructure to support this tourism wave. They're enhancing roads and other projects to make it easier for tourists to navigate and enjoy their stay. This includes a new road linking Tho Xuan airport with the Nghi Son Economic Zone, along with other key routes connecting various tourist hotspots.
With these developments, Sam Son Beach is not just a place to relax by the sea; it's becoming a vibrant hub of activity and growth. The combination of natural beauty and new attractions is making it a must-visit destination for many.
Sources: Vietnam News, Vietnam Plus, Amusement Today, Travel and Tour World
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) Phu Quoc Island is gaining interest for its special economic zone status and booming tourism, boosting property values
Phu Quoc Island is a magnet for investors due to its special economic zone status and thriving tourism sector.
Property values on the island are climbing, with the median sales price hitting around 16.6 billion VND. This surge reflects the growing demand and interest from investors eager to capitalize on the island's potential.
Phu Quoc's transformation into Vietnam's first island city has set the stage for real estate development. This new city status allows for strategic growth planning, focusing on boosting tourism, which is expected to triple the population by 2030, further fueling real estate demand.
Tourism is a key growth driver, with Phu Quoc welcoming an estimated 5.9 million visitors in 2024, a 7.1% increase from the previous year. The island's appeal is evident as international flights have surged, with over 4,000 flights recorded by November 2024, marking a growth of more than 175% year-on-year.
Investors are drawn to Phu Quoc not just for its economic incentives but also for its stunning natural beauty and vibrant culture. The island offers a unique blend of pristine beaches, lush landscapes, and a rich cultural heritage, making it an attractive destination for both tourists and property buyers.
With its strategic location and government support, Phu Quoc is poised to become a major hub for tourism and investment in Southeast Asia. The island's rapid development and increasing popularity among international visitors highlight its potential as a lucrative investment opportunity.
Sources: FazWaz, Hanoi Times, The Investor
4) Bac Ninh City is gaining interest for its rapid urbanization and closeness to Hanoi, ideal for residential developments
Bac Ninh City is turning heads with its rapid urban growth and strategic spot near Hanoi.
In recent years, Bac Ninh has poured resources into its transportation network, boosting connections to Hanoi and other nearby provinces. This has not only improved life for locals but also attracted more investments, pushing up the value of homes in the area.
Being close to Hanoi means easy travel options, like trains and buses, making Bac Ninh a hot spot for commuters. The bus ride to Hanoi takes about 2 hours and 10 minutes, offering a dependable link between the cities. This convenience makes Bac Ninh a top choice for those working in Hanoi but looking for cheaper living.
Bac Ninh's population has been on the rise, jumping from 942,106 in 1999 to 1,582,264 by 2024. This surge has fueled a demand for housing, sparking the creation of new residential areas and social housing projects.
The city is rolling out 54 social housing projects to meet the need for nearly 20,000 apartments by 2030, targeting low-income residents and workers in industrial zones.
Sources: Urbanized Bac Ninh: An attractive destination for investors, Bac Ninh to Hanoi | Bus times & tickets, Bac Ninh, Vietnam Population 2024
5) Can Tho's Ninh Kieu District is gaining attention for its strategic Mekong Delta location and increasing urban housing demand
Ninh Kieu District in Can Tho is turning heads thanks to its prime spot in the Mekong Delta and a booming demand for city living.
With the Can Tho Development and Urban Resilience Project in full swing, the district is seeing new roads and bridges pop up, making it a magnet for both residents and investors. This project is not just about infrastructure; it's about transforming the area into a more connected and appealing place to live.
The Vietnamese government is all in on urbanizing the Mekong Delta, and Can Tho is reaping the benefits. By boosting infrastructure and creating a business-friendly environment, the city is becoming a key player in industry, trade, and services, which is drawing more people to settle and work there.
Can Tho's population is on the rise, thanks to a mix of urban migration and a surge in tourism and economic activities. This influx is driving up the demand for housing, as more people look to make the city their home.
The city's economy is thriving, with tourism revenue and industrial production on the upswing. This economic vitality is a strong backbone for the real estate market, making it an attractive option for potential buyers.
Sources: Vietnam Briefing, Vietnam Plus, Can Tho Government, Can Tho Government
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6) Nha Trang’s Vinh Hoa neighborhood is in demand for its beachfront properties and high rental yields from tourists
Vinh Hoa in Nha Trang is a hotspot for beachfront properties, and it's easy to see why.
During the Lunar New Year of 2024, Nha Trang experienced a surge in tourism, with 206,000 visitors flocking to the city. This influx led to a remarkable occupancy rate, with over 90% of rooms filled in areas like Vinh Hoa. Tourists clearly love staying here, which is fantastic news for property owners looking to rent out their places.
There's also a strong demand for housing in Nha Trang. For instance, a 2-bedroom apartment in a high-rise can cost nearly $40,000, showing that people are willing to invest in quality properties. This demand translates into high rental yields, making Vinh Hoa a lucrative spot for property investors.
In the first two months of 2024, Nha Trang welcomed more than 1.5 million visitors, a 2.7 times increase from the same period in 2023. This surge in tourist arrivals supports the high rental yields in beachfront properties like those in Vinh Hoa. The city's popularity as a tourist destination, with events like the Nha Trang Sea Tourism Festival 2024, further boosts the area's appeal.
Vinh Hoa's beachfront properties are not just about the view; they offer high rental yields from tourists who flock to the area. The combination of natural beauty and strong tourist interest makes it a prime location for property investment.
Sources: Baokhanhhoa News, Vietnam Real Estate, VCCI News
7) Sa Pa in Lao Cai is gaining attention for its unique mountainous landscape and rising demand for vacation homes
Sa Pa's stunning mountain views have turned it into a real estate hotspot recently.
With more than 2.5 million tourists visiting in 2022 and over 1.5 million by mid-2023, Sa Pa's popularity is soaring. This influx of visitors naturally boosts the demand for vacation homes. The area is buzzing with new infrastructure projects, including luxury resorts and hotels, making it a prime spot for real estate investment.
Government initiatives are also in play, promoting sustainable tourism and real estate development in places like Sa Pa. These efforts, along with positive media coverage and travel blogs, highlight Sa Pa's unique charm. The expansion of luxury hospitality options is a testament to Sa Pa's transformation into a sought-after destination for tourists and investors alike.
Sa Pa's appeal isn't just about its natural beauty; it's also about the lifestyle it offers. The area is becoming a favorite for those looking to escape the hustle and bustle of city life. The growing interest in vacation homes here is a clear indicator of this trend.
Investors are keen on Sa Pa not just for its scenic views but also for its potential returns. The combination of increasing tourist numbers and new developments makes it a lucrative opportunity for real estate buyers.
As Sa Pa continues to evolve, its real estate market is expected to grow even more. The area's unique attractions and the government's supportive stance make it a compelling choice for property investment.
Sources: Green, Smart, and Different Tourism, Sa Pa Masterplan, Vietnam Residential Real Estate Market Size
8) Long Hai in Ba Ria-Vung Tau is gaining interest for its proximity to Ho Chi Minh City and stunning beaches
Long Hai in Ba Ria-Vung Tau is becoming a hot spot for property buyers.
One big reason is its close proximity to Ho Chi Minh City, making it a perfect quick escape for city folks. The new Bien Hoa - Vung Tau expressway has made the journey even smoother, which is a huge bonus for both tourists and potential investors. This improved access is a game-changer, turning Long Hai into a more attractive destination.
Long Hai's stunning beaches are another major draw. In 2024, the area saw a surge in visitors, with nearly 13.5 million people flocking to its shores in just the first nine months. The wild beauty of Long Hai Beach, with its soft white sand and activities like windsurfing and kite flying, offers a perfect retreat for those looking to unwind.
The real estate scene in Long Hai is also buzzing. In 2024, there was a significant increase in real estate transactions, with over 9,000 land plots available, thanks to new regulations like the 2024 Land Law. This has caught the eye of investors who see the potential in this growing area.
New resorts and hotels are popping up, and media outlets are highlighting Long Hai as a rising property hotspot. This buzz is attracting even more interest from those looking to invest in a promising location.
With its beautiful beaches and easy access from Ho Chi Minh City, Long Hai is quickly becoming a favorite for both tourists and investors. The combination of natural beauty and improved infrastructure is making it a top choice for those seeking a slice of paradise close to the city.
Sources: The Investor, 63s Travel, Vietnam Plus
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) Da Nang's Son Tra Peninsula is thriving with its stunning coastal views and rising demand for luxury resorts and villas
Da Nang's Son Tra Peninsula is booming thanks to its stunning coastal views and the rising demand for luxury resorts and villas.
In recent years, the area has seen a surge in property sales, with nearly half of new apartments sold in just one quarter. This highlights the strong demand for real estate in the region. The allure of Son Tra is not just its natural beauty but also the promise of a luxurious lifestyle, attracting both local and international buyers.
Adding to the appeal, major infrastructure projects like the deep-sea port in Lien Chieu District have drawn substantial foreign investment. This has paved the way for the development of high-end resorts, such as the Làng Vân Integrated Resort, which is enticing both residents and investors to the peninsula.
Tourism is another driving force behind this boom. In 2023, Da Nang welcomed over 7.4 million visitors, doubling the previous year's numbers. This influx, especially of international tourists, has fueled the demand for upscale accommodations, making Son Tra Peninsula a hotspot for luxury real estate.
With its breathtaking views and growing infrastructure, Son Tra is becoming a magnet for those seeking a slice of paradise. The combination of natural beauty and modern amenities is hard to resist, and the numbers speak for themselves.
As the area continues to develop, the demand for luxury properties is expected to rise, making it a prime investment opportunity. The blend of scenic landscapes and high-end living is turning Son Tra into a coveted destination for property buyers.
Sources: Central Vietnam Real Estate News Summary, VietnamPlus, Vietnam.vn
12) Quy Nhon in Binh Dinh Province is gaining attention for its pristine coastline and government-backed infrastructure projects
Quy Nhon in Binh Dinh Province is quickly becoming a real estate hotspot.
One major reason is the government's heavy investment in infrastructure. The Binh Dinh Provincial Planning includes significant projects like Phu Cat Airport and new coastal roads, all designed to boost the area's competitiveness. These developments are not just about improving connectivity; they also enhance local amenities, making Quy Nhon more appealing to both tourists and investors.
In 2024, Vietnam launched 13 major transport infrastructure projects worth $1.2 billion, including airports and seaports. This kind of development is expected to significantly boost economic activity in the region. As a result, Quy Nhon is becoming more attractive for investors looking for promising opportunities.
The local government is actively promoting Quy Nhon as a prime real estate investment opportunity. They are focused on attracting investment by completing infrastructure projects and improving the efficiency of existing ones. This government support signals Quy Nhon's rise as a real estate gem.
Quy Nhon's pristine coastline is another draw for potential buyers. The area offers stunning natural beauty, which is increasingly rare in rapidly developing regions. This makes it a unique spot for those looking to invest in property with both aesthetic and economic value.
With government-backed projects and a beautiful coastline, Quy Nhon is poised to become a key player in Vietnam's real estate market. Investors are taking note, and the area is set to see continued growth in the coming years.
Sources: Phat Dat, Trade.gov, Senvangdata
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.