Hung Yen is not a city but a province immediately south-east of Hanoi, and people buy here for one reason: the same kind of projects as in the capital, for less money. Its western part, Van Giang, has effectively grown together with Hanoi's Gia Lam.
Since 1 July 2025 Hung Yen has been merged with Thai Binh province: 2,500 km², the smallest province in the country by area, with a population of about 3.57 million. The administrative centre is Pho Hien.
Almost everything of interest to a foreign buyer sits in Van Giang, in two large township projects: Ecopark, the mature one, with grown-in landscaping and an established rental market, and Ocean Park next door, where supply is newer and more varied. The rest of the province is industrial parks and low-rise building with no meaningful market for a foreigner.
The value of these addresses rests on connectivity to the capital. Ring Road 4 runs 113 km through Hanoi, Hung Yen and Bac Ninh: land clearance is fully complete, the parallel carriageways open during 2026, and the expressway itself is planned for 2027. Until then, check travel time yourself, in rush hour, rather than on a map.
Most of the supply here is townhouses, shophouses and villas on land, and land is not available to foreigners: they may buy apartments and houses inside commercial housing projects, and the number of landed houses foreigners may hold within one ward-equivalent area is capped. In practice that narrows the Hung Yen choice down to apartments in high-rise blocks — worth knowing before you start.
The limits are set out in our reference on ownership rights for foreigners.