Quang Ninh – a magnet to real estate firms

With great strengths in many fields, the northern coastal province of Quang Ninh has become an attractive investment desitnation for domestic and international real estate firms.

Over the last two years, Quang Ninh attracted about 100 real estate projects with total investment of 100 trillion VND (4.4 billion USD). 

In 2015, local authorities granted investment licenses and approved additional capital for 97 private investment projects worth 53 trillion VND (2.33 billion USD).

During the year, it welcomed major projects worth trillions of dong from both domestic and foreign businesses such as the Vincom Centre Ha Long and Vinpearl Ha Long invested by Vingroup, Ha Long Ocean Park invested by Sun Group, and Ha Long Star Tourism Urban and Entertainment Complex Casino invested by real estate developer Nakheel from the United Arab Emirates.

According to the provincial Investment Promotion Agency (IPA), Quang Ninh has so far lured about 5.97 billion USD in foreign direct investment (FDI). The FDI disbursement in the last nine months reached over 155 million USD. 

Local authorities granted investment licenses to ten new FDI projects  worth 520.8 million USD in the first ten months of this year, and accepted additional capital for seven others, lifting total FDI in the period to 523.6 million USD

Meanwhile, 24 new domestic projects with total investment of 15.9 trillion VND (nearly 700 million USD) were licensed in the period, including big projects like the FLC Ha Long resort worth 3.4 trillion VND (149.6 million USD) and a cow breeding project worth over 2.2 trillion VND (96.8 million USD). 

IPA Vice Director Truong Manh Hung attributed the increasing investment inflows to consultation provided by international organisations to build the province’s planning and key transport projects. 

Quang Ninh boasts great potential for industry, tourism and service-based economic development, with 2000 islands stretching along 250km of coast, he added. Its Ha Long Bay was twice recognised as a world natural heritage by UNESCO.

Local authorities have paid heed to building investment support and incentive policies, promoting administrative reform and investment promotion activities, and increasing application of technology, Hung said. 

Quang Ninh is also an attractive tourist site as it draws millions of domestic and foreign tourists each year, especially those from Southeast Asian nations. 

However, the locality’s tourism infrastructure facilities have yet to meet demand of luxury holiday-makers. Therefore investors have poured investment into building luxury accommodation in the province. 

Local authorities aim to accelerate the construction of infrastructure projects such as Ha Long - Hai Phong and Ha Long – Van Don, Van Don – Mong Cai expressways, Quang Ninh Airport, and Hai Ha Industrial Park, among others.  

A series of projects have been implemented under the private-public partnership model since late 2014.  

Quang Ninh has also applied the model to social and working infrastructure, medical and educational establishments and information technology. Local authorities have also asked for approval from the Government to build Quang Ninh Airport and Van Don-Tien Yen-Mong Cai expressway under the model.

VNA

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.