Vietnam Real Estate Market by Property Size (Small (<500 sq. ft.), Medium (500–2000 sq. ft.), Large (2000+ sq. ft.)), by Property Type (Residential, Commercial, Land, Industrial), by Business Type (Buying, Selling, Leasing, Renting and Real Estate Investment), by Ownership (Owner-Occupied Properties, Rental Properties, Co-ownership), and Others – Opportunity Analysis and Industry Forecast, 2025–2030
Industry: Construction & Manufacturing | Publish Date: 23-Jun-2025 | No of Pages: 117 | No. of Tables: 144 | No. of Figures: 89 | Format: PDF | Report Code : CM1220
Market Definition
The Vietnam Real Estate Market size was valued at USD 89.9 million in 2023, and is predicted to reach USD 138.8 million by 2030, at a CAGR of 6.4% from 2024 to 2030.
The real estate industry constitutes a multifaceted market involving the acquisition, development, and management of residential and commercial properties. This expansive sector includes residential real estate, catering to individuals and families, as well as commercial and industrial real estate, focused on business operations and manufacturing. Real estate development involves the creation and enhancement of properties, while real estate investment encompasses acquiring properties for financial gain.
Additionally, a range of professional services, such as those provided by real estate agents and property managers, contributes to the industry's dynamics. Influenced by economic trends, demographic shifts, and regulatory factors, the real estate market is a complex landscape where various stakeholders engage in activities that shape urban environments, support economic growth, and provide investment opportunities.
Rising Urban Population Fuels Vietnam Real Estate Growth
Vietnam real estate market is experiencing robust growth, propelled by rapid urbanization, internal migration, and evolving consumer lifestyles. Major urban centres such as Ho Chi Minh City, Hanoi, and Da Nang are at the forefront of this transformation, witnessing a surge in demand for residential, commercial, and mixed-use developments. The steady influx of people from rural areas to cities is reshaping urban landscapes and intensifying the need for smart city planning, high-density housing, and modern infrastructure.
As urban populations expand, developers are increasingly turning to suburban zones and emerging satellite cities, where land availability and supportive infrastructure projects offer significant development potential. This demographic shift is fostering the rise of integrated townships and self-contained communities that cater to the growing demand for convenience, connectivity, and quality of life.
Urbanization And Infrastructure Development Accelerate Vietnam’s Real Estate Market
Vietnam real estate market is rapidly expanding, driven by ongoing urbanization and major infrastructure upgrades in cities like Ho Chi Minh City, Hanoi, and Binh Duong. The rise in urban migration is fueling demand for modern housing, commercial spaces, and better connectivity. Key projects—such as metro lines, expressways, and ring roads—are unlocking new development zones and boosting property appeal in suburban areas.
Additionally, the growing trend of mixed-use developments is reshaping urban living by integrating residential, office, retail, and leisure spaces. These projects cater to the demand for convenience, walkability, and proximity to workplaces, making them a top choice for both investors and residents.
Environmental Concerns Pose Challenges For Vietnam’s Real Estate Growth
Vietnam’s real estate sector is facing increasing regulatory pressure as environmental sustainability rises to the forefront of national priorities. The country’s rapid urbanization and construction boom have triggered growing concerns over carbon emissions, excessive resource consumption, and urban pollution. In response, Vietnamese authorities are enforcing stricter environmental standards, including mandatory green certifications, energy-efficient designs, water conservation systems, and sustainable waste management protocols. While these measures are vital for promoting ecological balance and aligning with Vietnam’s long-term environmental goals, they also bring added layers of compliance, planning complexity, and upfront investment.
Smart Cities And Sustainable Development Projects Unlock New Opportunities In Vietnam’s Real Estate Sector
Vietnam is witnessing a surge in smart city and sustainable development initiatives, creating significant growth opportunities for the real estate market. These projects aim to build eco-friendly, technologically integrated urban environments that improve living standards while reducing environmental impact. Cities like Ho Chi Minh City, Hanoi, and Da Nang are leading the charge with plans and pilot zones that incorporate smart infrastructure, energy-efficient buildings, digital services, and green public spaces. This transformation is driving demand for new types of properties that align with both digital innovation and environmental stewardship.
Competitive Landscape
The market players operating in the Vietnam real estate market include Van Phú – Invest Real Estate Development JSC, Phú Mỹ Hưng Development Corporation, Gamuda Land Vietnam, Sunshine Group JSC, LC Group JSC, KHANG DIEN HOUSE TRADING AND INVESTMENT JOINT STOCK COMPANY, PHAT DAT REAL ESTATE DEVELOPMENT JOINT STOCK COMPANY, Vinhomes, SkyWorld Vietnam Joint Stock Company, Ecopark Group, Hung Thinh Real Estate Group, Dat Xanh Group, Tien Phuoc Real Estate, Novaland Company, Nam Long Company.
Vietnam Real Estate Market Key Segments
By Property Size
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Small (<500 sq. ft.)
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Medium (500–2000 sq. ft.)
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Large (2000+ sq. ft.)
By Property Type
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Residential
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Apartments/Flats
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Single-Family Homes
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Multi-Family Homes
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Condominiums
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Townhouses
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Vacation Homes
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Commercial
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Office Spaces
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Retail Spaces
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Co-working Spaces
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Warehouses
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Land
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Urban Plots
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Suburban/Rural Plots
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Industrial
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Manufacturing Plants
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Distribution Centers
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Data Centers
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By Business Type
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Buying
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Selling
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Leasing
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Renting
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Real Estate Investment
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Direct Property Investment
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Real Estate Investment Trusts (REITs)
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By Ownership
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Owner-Occupied Properties
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Rental Properties
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Co-ownership
By Property Value
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Affordable Housing
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Luxury Housing
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Ultra-Luxury Housing
By End User
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Individual Buyers
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First-time Homebuyers
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Repeat Buyers
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Luxury Buyers
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Seniors/Retirees
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Business Entities
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Startups
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SMEs
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Large Corporations
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Government
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Civic Projects
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Affordable Housing Initiatives
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Institutional Investors
Key Market Players
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Van Phú – Invest Real Estate Development JSC
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Phú Mỹ Hưng Development Corporatio
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Gamuda Land Vietnam
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Sunshine Group JSC
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FLC Group JSC
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KHANG DIEN HOUSE TRADING AND INVESTMENT JOINT STOCK COMPANY
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PHAT DAT REAL ESTATE DEVELOPMENT JOINT STOCK COMPANY
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Vinhomes
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SkyWorld Vietnam Joint Stock Company
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Ecopark Group
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Hung Thinh Real Estate Group
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Dat Xanh Group
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Tien Phuoc Real Estate
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Novaland Company
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Nam Long Company
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 89.9 Million |
|
Revenue Forecast in 2030 |
USD 138.8 Million |
|
Growth Rate |
CAGR of 6.4% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Companies Profiled |
15 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
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