The Vietnam real estate market was valued at USD 30.0 Billion in 2025 and is projected to reach USD 34.8 Billion by 2034, growing at a CAGR of 1.64% during 2026-2034. Key growth drivers include rising urban migration, expanding residential projects, and supportive government policies. Notably, foreign direct investment surged 46% year-on-year in Q1 2025, highlighting strong investor confidence in this Southeast Asian investment hub.

Study Assumption Years

• Base Year: 2025

• Historical Year/Period: 2020-2025

• Forecast Year/Period: 2026-2034

Vietnam Real Estate Market Key Takeaways

• The market size reached USD 30.0 Billion in 2025 with a forecast to grow to USD 34.8 Billion by 2034.

• The market is expected to grow at a CAGR of 1.64% during the forecast period 2026-2034.

• Foreign direct investment in Vietnam surged 46% year-on-year in Q1 2025, boosting the industrial real estate sector.

• Rapid urbanization is increasing demand for mid-range apartments, mixed-use projects, and gated communities, especially in major cities.

• Residential developments benefit from favorable lending policies and government-backed urban planning initiatives.

• The market is gaining attention as a prime investment hub in Southeast Asia, particularly for industrial and commercial real estate segments.

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Market Growth Factors

Industrial real estate is a major part of that, with FDI growing 46% year-on-year in the first quarter of 2025, as global manufacturers move to Vietnam for diversified supply chains, the country's favorable free trade agreements and lower production costs. Demand for industrial parks, logistics centers and factory premises is also high in Bac Ninh, Binh Duong and Long An, thanks to improved infrastructure, liberalized administration and skilled manpower availability.

The trend of rapid urbanization is a major factor impacting Vietnam's residential property market. Many people are migrating to cities to live in urban areas like Ho Chi Minh City, Hanoi and Da Nang, leading to demand for products such as mid-market apartments, mixed-use and gated community developments. The rising demand is being responded to, mainly, by wide-ranging housing projects supplied with easy credit and government urban planning and also with higher household income, an emerging middle class and improved transport infrastructure.

The trend is supported by government policies and changes in laws and regulations, and increasing foreign direct investment (FDI) in commercial and industrial properties. Vietnam is seen as a major manufacturing and export hub in Southeast Asia, indicating a long-term demand for real estate properties. The income available from making property available for rent, its value as a hedge against inflation, and associated tax advantages also fuel real estate investment.

Market Segmentation

Property Type Insights:

• Residential Real Estate: Includes apartments, villas, and other residential properties responding to growing housing demands mainly fueled by urbanization.

• Commercial Real Estate: Comprises offices, retail spaces, hospitality, and other commercial properties, attracting investments due to expanding industrial and business activities.

Regional Insights:

• Northern Vietnam: One of the key regions for real estate developments including industrial parks and residential projects.

• Central Vietnam: Recognized for developing urban real estate markets and infrastructure projects.

• Southern Vietnam: Features significant industrial growth and commercial real estate developments benefiting from FDI surge.

Regional Insights

Southern Vietnam emerges as a dominant region with increased demand for industrial parks, logistics hubs, and factory space, catalyzed by a 46% increase in FDI in Q1 2025. The region benefits from improving infrastructure and skilled labor availability, supporting Vietnam's strengthening position as a manufacturing and export base. These factors boost long-term demand and development activities in this region.

Recent Developments & News

In April 2025, Novaland Group partnered with GreenViet to launch an ESG initiative focused on sustainable development. This collaboration aims to develop an ESG roadmap for 2025–2030, positioning Novaland to meet international sustainability standards and achieve top GRESB rankings by 2030. GreenViet will guide Novaland on integrating ESG principles to enhance competitiveness and attract green investments, supporting Vietnam's environmental goals.

Key Players

• Novaland Group

• GreenViet

Customization Note

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