Real estate: Global Minimum Tax, US reciprocal tariffs could threaten Vietnam margins and sentiment, says Knight Frank

Vietnam’s property market faces headwinds from the coming Global Minimum Tax and uncertainty over US reciprocal tariffs, both of which could weigh on developer margins and investor sentiment, Global property advisory firm Knight Frank has said in an analysis published by The Investorview source.

The analysis repeats familiar themes: long-term GDP growth, Vietnam’s role in China+1 supply chains, and major infrastructure such as Long Thanh Airport, as key drivers for the sector, but also offers a few points of interest including:

  • Apartments: Primary market prices in Hanoi and HCMC now US $3,000–4,000/m², with reported 80 percent absorption at launches.
  • Industrial: 40 percent of major 2024 industrial property deals driven by electronics manufacturers, showing Vietnam’s rising position in high-value supply chains.
  • Green buildings: Developers now pursuing green certification (EDGE, LEED, WELL) in response to investor and tenant demand — even though it is not yet legally required.
  • Risks acknowledged: Knight Frank flags Global Minimum Tax and US reciprocal tariffs as real threats to margins and sentiment.

See also: Real Estate in Vietnam 2025: Trends, Challenges & Outlook

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