Cost of living & property in Hai Phong
Vietnam's third city and its main northern port: deepwater terminals, the LG cluster and VinFast's plant. Hai Phong is a working city rather than a postcard one — and it is where a large share of European manufacturing actually lands.
Key numbers
- Single, comfortable / month
- $1,030
- Rent 1BR / month
- $330
- Condo price
- $1,500/m²
- Gross rental yield
- 5.2 %
- Demand
- Medium
- Price trend
- ↑ rising
Who it suits
Engineers and managers posted by an employer, and investors who would rather have tenants with payslips than holidaymakers.
Insider tip
Rental demand follows the industrial parks, not the city centre. Check the commute to the specific park your tenants would work in before you buy anything.
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Frequently asked questions
＋ How much does it cost to live in Hai Phong?
A single person living comfortably — modern one-bedroom, mixed local and Western food, health insurance included — should budget around $1,030 per month. A local-style budget runs meaningfully lower, a premium expat lifestyle higher. Our free calculator personalises this for your household.
＋ What do apartments cost in Hai Phong?
A furnished one-bedroom rents from roughly $330 per month, and modern condos sell around $1,500 per m². Gross rental yields are in the region of 5.2% before costs.
＋ Can foreigners buy property in Hai Phong?
Foreigners can buy condos in licensed projects (up to 30% of a building's units), normally on a renewable 50-year ownership certificate. Land and landed houses are far more restricted. Our investor guides explain the rules — and we check foreign-quota availability before you commit to anything.
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Prices shown are indicative 2025/2026 benchmarks in USD and are not a substitute for an individual assessment.
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