Malaysian construction group Gamuda Bhd reported a sharp rise in Vietnam project sales, Bloomberg has reported→view source.
Sales were up 165 percent year-on-year over nine months.
Key details:
- Vietnam sales growth: International share of property sales: 60 percent of Gamuda Land’s total
- Total property sales: 2.6 billion ringgit (US$614.7 million), up 10 percent
- Q3 net income: 246.8 million ringgit, up 5 percent
- Group net profit (9 months): 671 million ringgit, driven by Malaysian projects
- Vietnam outlook: Strong residential demand tied to infrastructure and industrial growth
Gamuda’s results highlight a growing gap between foreign and domestic developers.
While local firms are in recovery mode, well-capitalised foreign players like Gamuda are expanding aggressively, gaining market share, and capitalising on pent-up demand.
See also: Real Estate in Vietnam 2025: Trends, Challenges & Outlook