The Vietnam Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail and More), by Business Model (Rental and Sales), by End User (Individuals / Households and More) and by Region (Ho Chi Minh City, Hanoi and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Vietnam commercial real estate market size reached USD 17.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 63.0 Billion by 2033, exhibiting a growth rate (CAGR) of 14.1% during 2025-2033. The growing demand for modern warehousing and distribution centers, increasing focus on eco-friendly building practices and green certifications, and rising demand for commercial properties, such as hotels, resorts, and retail spaces in tourist hubs, represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type.

The Vietnam commercial real estate market reached approximately USD 16.61 Billion in 2024. The market is projected to grow at a CAGR of 13.80% between 2025 and 2034, reaching a value of around USD 60.51 Billion by 2034.

Vietnam Commercial Real Estate Market was valued at USD 19.83 Billion in 2024 and is projected to reach USD 59.04 Billion by 2032, growing at a CAGR of 14.61% during the forecast period from 2026-2032.

Commercial real estate (CRE) refers to properties used for business purposes, primarily for revenue generation through leasing or rental activities. This category includes a wide variety of property types, such as office buildings, retail spaces, industrial facilities, and multifamily dwelling units.

Commercial real estate has a wide range of purposes; it can be used to house businesses, offer important services to communities, or as an investment vehicle to generate capital gains and consistent cash flow.

In 2023, the Vietnam Real Estate Market reached a value of USD 89.9 million, and it is projected to surge to USD 138.8 million by 2030.

The Vietnam real estate and mortgage market presents a compelling investment opportunity, exhibiting robust growth and significant potential. With a 2025 market size of $47.59 billion and a Compound Annual Growth Rate (CAGR) of 12.94% projected through 2033, the sector is poised for substantial expansion. Key drivers include a burgeoning population, rapid urbanization, increasing disposable incomes, and government initiatives promoting infrastructure development and foreign investment. Strong demand across residential, retail, logistics/industrial, hospitality, and office segments fuels this growth. The market is segmented by property value (premium, luxury, affordable), reflecting diverse consumer preferences and affordability levels. Major cities like Ho Chi Minh City and Hanoi are key growth centers, attracting significant investment and development. While challenges such as land scarcity and regulatory hurdles exist, the overall outlook remains positive, supported by the sustained economic growth and increasing middle class in Vietnam. Prominent developers like Vingroup, Dat Xanh Group, and Novaland Group are shaping the market landscape, contributing significantly to the ongoing construction and development activities across various property types. The mortgage market complements this real estate boom, providing crucial financing for both individual homebuyers and large-scale development projects. The long-term forecast anticipates continued expansion across all segments, although the growth rate may moderate slightly in later years as the market matures. The segmentation within the market offers further insights into its dynamics. The residential sector, driven by a young and growing population, represents a significant portion of the market. The increasing demand for modern and efficient logistics facilities contributes to the growth of the industrial sector. The hospitality and office segments are benefiting from the rising tourism sector and increasing foreign investment. The premium and luxury segments cater to a growing affluent population, while the affordable segment serves the vast majority of the population, indicating a diverse and robust market structure that caters to varying income levels and preferences. Analyzing the market performance across key cities such as Ho Chi Minh City and Hanoi will provide detailed understanding of geographical variations in demand and supply within the Vietnam real estate market. Further, understanding the role of mortgage finance and the various lending institutions involved is crucial to a complete market analysis. Recent developments include: November 2023: Phat Dat Real Estate Development Joint Stock Company and Military Commercial Joint Stock Bank (MB Bank) signed a comprehensive cooperation agreement with the purpose of financial sponsorship for investors and customers. The sponsored project is the Thuan An 1 and 2 high-rise housing complex with a scale of 4.47 hectares, located in a prime location right in the central area of Thuan An City, connected to many large industrial clusters in Binh Duong. The project completed its legality with an investment of more than VND 10,800 billion, including apartment products, shophouses, and townhouses.June 2023: The world's largest contract electronics maker and assembler, Foxconn, received approval from Vietnam to invest USD 246 million in two new projects in the northern province of Quang Ninh.. Key drivers for this market are: Ho Chi Minh City and Hanoi Experiencing Rapid Urban Expansion, Streamlined Real Estate Lending Services. Potential restraints include: Ho Chi Minh City and Hanoi Experiencing Rapid Urban Expansion, Streamlined Real Estate Lending Services. Notable trends are: Residential Segment Experiencing Rapid Growth in the Market.

The Vietnam residential real estate industry is a rapidly growing market, with a market size of $25.26 million in 2025 and a projected CAGR of 12.55% from 2025 to 2033. The market is driven by a number of factors, including rising incomes, urbanization, and a growing middle class. The market is also supported by a stable political environment and a strong banking system. Key trends in the Vietnam residential real estate market include a shift towards high-rise developments, an increasing demand for luxury properties, and a growing interest in green buildings. The market is also seeing a rise in the number of foreign investors, who are attracted by the country's strong economic growth and its relatively low property prices. Major cities such as Ho Chi Minh City, Hanoi, and Danang are experiencing the highest demand for residential property, with prices in these areas rising rapidly. Developers are responding to this demand by building more high-rise projects and luxury apartments. Recent developments include: November 2023: Phat Dat Real Estate Development Joint Stock Company and Military Commercial Joint Stock Bank (MB Bank) signed a comprehensive cooperation agreement with the purpose of financial sponsorship for investors and customers. Products at Phat Dat projects. The sponsored project is the Thuan An 1&2 high-rise housing complex with a scale of 4.47 hectares, located in a prime location right in the central area of ​​Thuan An City, connected to many large industrial clusters in Binh Duong. The project has completed its legality with an investment of more than 10,800 billion VND, including apartment products, shophouses, and townhouses., October 2023: Phat Dat's investment project of more than 10,000 billion in Binh Duong has been approved for planning. Phat Dat's investment project of more than 10,000 billion in Binh Duong has been approved for planning.. Key drivers for this market are: 4., Rapid Urbanization and Rising Disposable Income4.; Government Initiatives and Expanding Economy. Potential restraints include: 4., Limited Land Availability4.; Economic Uncertainties. Notable trends are: Rising Government Initiatives and Social Housing Development Policies.

Vietnam Real Estate & Mortgage Market size was valued at USD 46.30 Billion in 2024 and is projected to reach USD 107.6 Billion by 2032, growing at a CAGR of 11.2% from 2026 to 2032.

Vietnam Real Estate & Mortgage Market: Definition/Overview

Real estate refers to land and any permanent structures or improvements attached to it, encompassing a wide range of properties including residential homes, commercial buildings, and industrial sites. It is considered a tangible asset that holds intrinsic value and can be used for various purposes such as living, working, or investment.

Real estate also includes natural resources found on the land, such as water, minerals, and crops. In contrast to personal property, which consists of movable items not permanently affixed to land, real estate is characterized by its immobility and the legal rights associated with ownership, which can include the ability to lease, sell, or develop the property.

Vietnam real estate and mortgage market size is projected to exhibit a growth rate (CAGR) of 6.21% during 2025-2033. The growing adoption of digital solutions in the mortgage sector to streamline the application and approval processes, increasing demand for residential and commercial properties, and rising popularity of transparency in real estate transactions represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type and value.

The ASEAN office real estate market, valued at approximately $100 million in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 9% from 2025 to 2033. This expansion is fueled by several key factors. The region's burgeoning economies, particularly in Vietnam, Indonesia, and the Philippines, are attracting significant foreign direct investment, driving demand for modern office spaces. Technological advancements and the rise of the digital economy are also contributing to increased office space needs, particularly in tech hubs across the ASEAN nations. Furthermore, a growing middle class and a young, increasingly skilled workforce are bolstering the demand for high-quality office accommodations in major cities like Singapore, Bangkok, Ho Chi Minh City, and Jakarta. However, challenges remain. Supply chain disruptions and global economic uncertainties could impact the market's trajectory. Additionally, varying regulatory frameworks across different ASEAN countries may pose obstacles for seamless market integration and development. Despite potential challenges, the long-term outlook remains positive. Strategic investments in infrastructure development, coupled with government initiatives to enhance business environments, are expected to sustain market growth. The increasing adoption of flexible workspaces and sustainable building practices will also shape future market dynamics. Competition among established players like Savills, CBRE, Hines, and local developers is expected to intensify, leading to innovations in design, technology integration, and tenant service offerings. This competitive landscape, along with the underlying economic strength of the region, promises continued expansion for the ASEAN office real estate market in the coming years. While precise regional breakdowns are unavailable, Singapore and Thailand are likely to dominate in terms of market share given their established economies and mature real estate markets. Vietnam, Indonesia, and the Philippines represent high-growth areas with significant potential. Recent developments include: October 2023: The Instant Group (a leading global platform for flexible workspaces) secured a three-year managed office agreement with Arvato Systems Malaysia. The existing office space of Arvato Systems Malaysia in Kuala Lumpur, a pivotal development center for the Arvato Systems Group, is expected to undergo renovation and expansion. Expected to be finished in 2024, the total office space of Arvato Systems Malaysia will be 26,720 sq. ft, with 15,963 sq. ft undergoing refurbishment and an additional 10,757 sq. ft being custom-fit for the company's needs.January 2023: TAM Group, a GSSA (general sales and service agent) based in Hong Kong, expanded its presence in Southeast Asia by opening three new offices. Responding to the increased demand in the region, TAM Group partnered with Thailand’s GP Group and Vietnam’s TP Cargo Transport Services to establish offices in key strategic areas, including Bangkok, Ho Chi Minh City, and Hanoi.. Key drivers for this market are: 4., Increasing Demand for Co-Working Spaces. Potential restraints include: 4., Increasing Demand for Co-Working Spaces. Notable trends are: Demand for Co-Working Spaces is Driving the Market.

Vietnam Facility Management Market size was valued at USD 2.7 Billion in 2024 and is projected to reach USD 5.4 Billion by 2032, growing at a CAGR of 9% from 2025 to 2032.

Key Market Drivers:

Rapid Urbanization and Infrastructure Development: Rapid urbanization and infrastructural development will propel the Vietnam Facility Management Market. With Vietnam’s urbanization rate expected to expand from 37.3% in 2021 to 45% by 2030, and the government investing $120 billion in infrastructure between 2021 and 2025, there will be an increase in demand for professional facility management services.

Growing Real Estate Market: The growing real estate market in Vietnam will propel the Facility Management sector. According to the Vietnam Real Estate Association, commercial real estate area in Ho Chi Minh City would rise by 18% in 2023, with more than 2.1 million square meters of new office space built.

The Vietnam residential real estate market, valued at $25.26 billion in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 12.55% from 2025 to 2033. This expansion is driven by several key factors. Rapid urbanization, particularly in major cities like Ho Chi Minh City, Hanoi, and Da Nang, fuels strong demand for housing. A burgeoning middle class with increasing disposable income is a significant driver, coupled with favorable government policies aimed at stimulating the construction and real estate sectors. The market is segmented by property type (apartments and condominiums, villas and landed houses) and location, reflecting diverse consumer preferences and investment opportunities. Leading developers like Novaland Group, Vinhomes, and others are shaping the market with large-scale projects catering to various price points. While challenges exist, such as land scarcity in prime urban areas and potential regulatory changes, the overall outlook for Vietnam's residential real estate sector remains positive due to sustained economic growth and a growing population. The forecast period (2025-2033) anticipates a considerable market expansion, with the CAGR of 12.55% suggesting significant investment potential. The market segments show varying growth trajectories. Apartments and condominiums, favored for affordability and accessibility, are expected to maintain a dominant share. Villas and landed houses, appealing to higher-income segments, will experience growth, albeit potentially at a slower pace than apartments. Regional variations are also anticipated, with Ho Chi Minh City likely to continue leading in terms of market share due to its economic importance and concentration of businesses. However, Hanoi and Da Nang are also experiencing significant growth as secondary hubs, benefiting from investments in infrastructure and tourism. Sustained economic growth, population increase, and improved infrastructure will remain key catalysts for market expansion throughout the forecast period. However, careful monitoring of macroeconomic factors and regulatory changes will be crucial for effective market navigation. Recent developments include: November 2023: Phat Dat Real Estate Development Joint Stock Company and Military Commercial Joint Stock Bank (MB Bank) signed a comprehensive cooperation agreement with the purpose of financial sponsorship for investors and customers. Products at Phat Dat projects. The sponsored project is the Thuan An 1&2 high-rise housing complex with a scale of 4.47 hectares, located in a prime location right in the central area of ​​Thuan An City, connected to many large industrial clusters in Binh Duong. The project has completed its legality with an investment of more than 10,800 billion VND, including apartment products, shophouses, and townhouses., October 2023: Phat Dat's investment project of more than 10,000 billion in Binh Duong has been approved for planning. Phat Dat's investment project of more than 10,000 billion in Binh Duong has been approved for planning.. Key drivers for this market are: 4., Rapid Urbanization and Rising Disposable Income4.; Government Initiatives and Expanding Economy. Potential restraints include: 4., Rapid Urbanization and Rising Disposable Income4.; Government Initiatives and Expanding Economy. Notable trends are: Rising Government Initiatives and Social Housing Development Policies.

The ASEAN Office Real Estate Market Report is Segmented by by Building Grade (Grade A, Grade B, and Grade C), by Transaction Type (Rental and Sales), by End Use (Information Technology (IT & ITES), BFSI (Banking, Financial Services and Insurance), and More) and by Country (Indonesia, Vietnam and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

베트남 상업용 부동산 시장 보고서는 부동산 유형(사무실, 소매점 등), 사업 모델(임대 및 매매), 최종 사용자(개인/가구 등), 지역(호치민시, 하노이 등)별로 세분화되어 있습니다. 본 보고서는 상기 모든 부문의 시장 규모와 가치(USD) 예측을 제공합니다.

Market Overview The commercial real estate industry in Malaysia has experienced steady growth, with a market size valued at 8.88 million in 2025 and projected to reach 22.77 million by 2033. Driven by urbanization, economic growth, and a shift towards remote working, the industry has witnessed a surge in demand for office, retail, and industrial spaces. The CAGR of 7.65% indicates a promising growth trajectory over the forecast period. Key cities such as Kuala Lumpur, Seberang Perai, Kajang, and Klang serve as major hubs for commercial real estate development. Market Drivers and Trends The growth of the industry is primarily attributed to several key drivers:

Economic expansion, leading to increased business activity and demand for office space. The rise of e-commerce and online retailing, driving demand for logistics and warehouse space. The increasing adoption of hybrid and flexible work arrangements, creating a need for flexible and shared office spaces. Government initiatives and incentives aimed at supporting the development of the commercial real estate sector. Recent developments include: July 2023: Skyworld Development Bhd plans to launch new commercial projects in Kuala Lumpur with total estimated gross development values exceeding RM 1 Billion in the current financial year ending March 31, 2024. Skyworld will explore new growth opportunities by expanding its presence from Kuala Lumpur to the state of Selangor., January 2023: Gamuda Bhd’s unit is acquiring eight parcels of freehold lands in Rawang, collectively spanning 532 acres for RM360 million. Gamuda Land (Botanic) Sdn Bhd purchased these lands from Kundang Properties Sdn Bhd for a mixed development with a gross development value of RM3.3 billion over ten years. The group said these new lands are targeted for a 2026 launch and will contribute to the group’s earnings over the following six years as Gamuda Land continues to focus on high-value opportunities both in Malaysia and overseas, where it has established its presence, namely Vietnam, Australia, Singapore and the UK.. Key drivers for this market are: Growth trajectory with a steady pipeline of distribution and warehouse projects, Increasing investment in Greater Kuala Lumpur for Office Space. Potential restraints include: Rising commodity prices. Notable trends are: Rise in growth in retail sector.

Comprehensive dataset of 2 Commercial real estate agencies in District 4, Ho Chi Minh City, Vietnam as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 1 Commercial real estate agencies in Hương Thủy, Thua Thien Hue, Vietnam as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Vietnam PropTech Market was valued at USD 512.4 million in 2023 and is predicted to experience robust growth in the forecast period with a CAGR of 18.7% through 2029F.

Vietnam has emerged as one of the world's leading furniture exporters, particularly after manufacturing shifted from China due to trade tensions and rising labor costs. The country has strategically positioned itself in the global supply chain by offering competitive pricing, improving production quality, and expanding manufacturing capacity to meet international demand, especially from markets like the US, EU, and Japan. The market size is projected to surpass USD 3.53 Billion in 2024 and reach a valuation of USD 6.53 Billion by 2032.Vietnam's growing middle class, rapid urbanization, and booming real estate sector are driving significant growth in domestic furniture consumption. Urban Vietnamese consumers are increasingly seeking modern, functional, and aesthetically pleasing furniture for smaller living spaces. The Vietnam furniture market is expected to grow at a CAGR of 8.0% from 2026 to 2032.

Comprehensive dataset of 18 Commercial real estate agencies in Bình Thạnh, Ho Chi Minh City, Vietnam as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.