The Vietnam real estate market size reached USD 30.0 Billion in 2025 and is expected to grow to USD 34.8 Billion by 2034, with a CAGR of 1.64% during the forecast period 2026-2034. Key growth drivers include rising urban migration, expanding residential projects, and supportive government policies. The market is a prime investment hub in Southeast Asia, particularly in commercial and industrial real estate.
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 was valued at USD 30.0 Billion in 2025.
The market is expected to grow at a CAGR of 1.64% during 2026-2034.
The forecast period is from 2026 to 2034.
Foreign direct investment (FDI) surged 46% year-on-year in Q1 2025, fueling industrial real estate growth.
Rapid urbanization in cities like Ho Chi Minh City, Hanoi, and Da Nang is driving residential development.
Increased household incomes and rising middle-class aspirations are accelerating housing demand.
The market attracts investment in commercial and industrial real estate segments due to favorable policies.
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Market Growth Factors
Vietnam currently experiences rapid urban migration. This migration expands the demand for residential projects. This is most prominent in the high-population cities of Ho Chi Minh City, Hanoi, and Da Nang. Beyond high-rise apartments, the urban migration trend is also focused on mixed-use and gated communities. Favorable lending policies and urban planning policies from local government are regarded as having driven the market in this area.
Vietnam's industrial property market has been increased by a 46% year-on-year rise of foreign direct investment (FDI) in Q1 2025, as global manufacturers relocate and expand in the country to diversify their supply chains and take advantage of trade pacts. Bac Ninh, Binh Duong and Long An have seen growing demand in relation to industrial parks and logistics centers, drawing upon improvements in infrastructure and an abundant labor force.
Growth in the middle class causes household income levels to rise in Vietnam, and young professionals cause demand for compact housing in central urban areas with access to employment centers. These factors also drive the demand for affordable housing and new residential buildings, and increase investment in Vietnam's infrastructure and real estate sector, which will also aid the growth of the Vietnam real estate market during the forecast period.
Market Segmentation
Property Type:
Residential Real Estate: This segment includes apartments, villas, and other types of residential properties, catering to increasing urban housing demand.
Commercial Real Estate: Encompasses offices, retail spaces, hospitality, and others, reflecting growing investment interest in business and commercial hubs.
Regional Insights
Northern Vietnam, Central Vietnam, and Southern Vietnam are the major regional markets analyzed. The report does not provide specific market share or CAGR data for regions, but highlights the importance of major urban centers like Ho Chi Minh City, Hanoi, and Da Nang, reflecting regional demand patterns shaped by migration, industrial growth, and infrastructure development.
Recent Developments & News
In April 2025, Novaland Group partnered with GreenViet to launch an ESG initiative aimed at sustainable development and creating an ESG roadmap for 2025–2030. This partnership aims to meet international sustainability standards and enhance Novaland's competitiveness by attracting green investments. GreenViet will assist in integrating ESG principles and achieving top GRESB rankings by 2030.
In Q3 2024, Hanoi apartment prices surged 22.3% year-on-year to USD 2,547 per square meter, with sales rising 226%. In contrast, Ho Chi Minh City experienced a 2.5% price drop and a 4% decline in sales. Vietnam recorded over 47,000 property transactions in 2024, with a 72% absorption rate. New housing laws and 7.09% GDP growth supported market recovery, while foreign investment in real estate rose 19% to USD 6.31 Billion and total FDI disbursed hit a record USD 25.35 Billion, boosting investor confidence.
Key Players
Novaland Group
GreenViet
Customization Note
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