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 Commercial Real Estate in Vietnam is Segmented by Type (Offices, Retail, Industrial, Logistics, Multi-family, and Hospitality) and Key Cities (Ho Chi Minh City, Hanoi, Quang Ninh, Da Nang, and Rest of Vietnam). The report offers market size and forecast for Vietnam's commercial real estate market in value (USD billion) for the above segments.

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.

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 market is valued at USD 4100 billion, driven primarily by increasing foreign direct investment (FDI) and rapid urbanization in major cities like Ho Chi Minh City and Hanoi. The robust growth of the manufacturing and industrial sectors has led to a significant demand for industrial and commercial real estate spaces, further supported by favorable government policies. Additionally, infrastructure development projects like metro systems and expressways have played a crucial role in boosting the real estate market

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.

For the period from 2016 to 2019, Vinhomes had the largest market share in the residential real estate sector in Vietnam, accounting for 22 percent of the whole market. Vinhomes is a subsidiary of Vingroup, which is one of the leading conglomerate in Vietnam.

The ASEAN Office Real Estate Market Report is Segmented by Geography (Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines, and Rest of ASEAN). The Report Offers Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

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.

In 2023, Vinhomes's net revenue amounted to approximately 103.57 trillion Vietnamese dong. Vinhomes was founded by Vingroup and is one of the largest commercial real estate developers in Vietnam.

In the financial year 2023, Saigon Co.op Investment Development JSC (SCID) generated a net revenue of over 87.2 billion Vietnamese dong from sales of goods and services, indicating an increase compared to the previous year. Established in 2007, SCID is a member of the Ho Chi Minh City Commercial Cooperatives Union (Saigon Co.op), well-known for the country's leading supermarket chain Co.opmart, and other commercial real estate businesses.

The Vietnam Ceramic Tiles market is valued at USD 3 billion, primarily driven by the booming real estate and construction sectors. Demand for ceramic tiles has seen a sharp rise due to rapid urbanization, increased disposable income, and government initiatives aimed at expanding affordable housing. The construction of high-rise residential buildings and commercial complexes has been pivotal in the growth of the ceramic tiles market, with manufacturers focusing on innovative, eco-friendly, and durable products to meet consumer preferences.