In December 2024, Vietnam’s real estate business activities sector registered 9 new projects with US$683.32 million in newly registered capital, according to data from Vietnam’s Ministry of Planning and Investment. This represents a 12.5 percent increase in the number of new projects compared to November, which saw 8 new projects with US$399.69 million in newly registered capital.
In 2024, the sector attracted a total of 81 new projects with US$6.31 billion in newly registered capital.
Vietnam’s real estate business activities sector has experienced significant growth in recent years, driven by rapid urbanisation, economic development, and rising demand for residential, commercial, and industrial properties. The sector encompasses a wide range of activities, including real estate development, property management, brokerage services, and investment. Key areas of growth include urban housing projects, luxury apartments, office spaces, industrial parks, and resort properties catering to the booming tourism industry.
Foreign direct investment (FDI) plays a vital role in the sector’s development, with major investors from South Korea, Japan, Singapore, and Hong Kong contributing to large-scale projects. Prominent international companies, such as CapitaLand, Keppel Land, and Lotte, have established a strong presence in Vietnam, focusing on urban developments and mixed-use properties in cities like Ho Chi Minh City, Hanoi, and Da Nang. The industrial real estate segment, including warehouses and logistics hubs, has also gained momentum, fueled by Vietnam’s position as a regional manufacturing hub.
As Vietnam continues its economic transformation and urbanisation, the real estate sector is expected to grow, with increasing emphasis on sustainable development and smart city initiatives to meet evolving market demands.
See also: Real Estate Industry in Vietnam