Quang Ninh’s 11%+ Economic Growth Unlocks Industrial Real Estate Opportunities in Northern Vietnam

In the first half of 2025, Quang Ninh Province recorded economic growth of 11.03%, ranking 8th nationwide and placing it among Vietnam’s fastest-growing localities (Nhân Dân). This achievement reflects not only the province’s natural advantages but also its evolving position as a strategic hub for industrial real estate development in Northern Vietnam.

Drivers of Quang Ninh’s Economic Momentum

1. Industrial Expansion
   ndustrial output rose by 8.57%, with manufacturing and processing industries growing 23.81% year-on-year. This demonstrates the rising demand for modern factory and warehouse facilities, particularly from foreign manufacturers shifting production to Vietnam.
2. Robust Tourism and Services
   Quang Ninh welcomed 12.13 million tourists in just six months, including 3.48 million international visitors — an increase of more than 25%. Tourism revenue surged over 30%, further diversifying the province’s economy and strengthening its local consumer base.
3. Investment Growth
   Non-budget capital investment was 13.1 times higher compared to the same period last year, while state budget revenue exceeded 30 trillion VND. These figures highlight Quang Ninh’s attractiveness to both domestic and international investors looking for long-term opportunities.
4. Strong Job Creation
   More than 17,000 new jobs were created, signaling the province’s capacity to support large-scale manufacturing operations with a skilled workforce.
5. Infrastructure and Innovation
   Investment in renewable energy, transport networks, and digital transformation is shaping a future-ready industrial ecosystem that appeals to high-tech manufacturers and sustainable investors alike.

Quang Ninh’s Rising Role in Industrial Real Estate

Quang Ninh’s performance underscores its position as a key gateway for Vietnam’s industrial property market. Investors and manufacturers are increasingly drawn to:

• Ready-built factories that allow fast production setup.
• Strategically located industrial parks offering proximity to Hà Nội, Hải Phòng Port, and the Chinese border.
• Sustainable, ESG-compliant facilities that align with global corporate standards.

As a result, demand for industrial real estate in Quang Ninh is expected to remain strong, with high occupancy levels projected in modern industrial zones.

Strategic Advantages of Quảng Ninh

1. Geographic Location
Quang Ninh is uniquely positioned in Northern Vietnam, connecting the capital Hà Nội with Hải Phòng’s seaport and key trade routes to China. This strategic position reduces logistics costs for manufacturers and enhances export competitiveness.

2. Government Support
Local authorities actively promote investment-friendly policies, cutting red tape and ensuring smooth licensing processes. This provides reassurance for foreign investors seeking a stable entry point into Vietnam’s industrial property market.

3. Comprehensive Infrastructure
A well-developed network of expressways, airports, and deep-water ports makes Quang Ninh an ideal base for logistics and manufacturing companies. Ongoing projects continue to improve connectivity and supply chain efficiency.

4. Sustainable Development Vision
With an emphasis on renewable energy adoption and digital transformation, Quang Ninh is building a resilient industrial base that ensures long-term competitiveness and global integration.

Outlook for Investors and Businesses

For global manufacturers and logistics providers, Quang Ninh industrial real estate offers:

• Access to a growing consumer and labor market.
• Opportunities in ready-built factories and warehouses.
• A platform for sustainable and high-tech industrial operations.

As Vietnam continues to attract supply chain relocations, Quang Ninh’s combination of economic growth, infrastructure investment, and industrial readiness positions it as one of the most promising industrial hubs in the country.

Key Takeaway

With 11.03% economic growth in H1-2025, Quang Ninh is proving itself as a powerhouse in Vietnam’s economy. Its thriving industrial sector, strong investment flows, and strategic location make it a natural magnet for industrial real estate development.

For investors and businesses, the province represents not just a place to set up operations, but a strategic launchpad for long-term growth in Northern Vietnam’s industrial property market. As the province continues to attract new investment, Quang Ninh is well on its way to becoming a model of sustainable, globally connected industrial growth.

For investors seeking to capture Vietnam’s growth potential, Core5 Vietnam is not just a developer — we are your strategic partner in long-term success.

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