In October 2024, Vietnam’s real estate sector recorded a significant increase in foreign direct invested projects, with nine new projects compared to just two in September, according to Ministry of Planning and Investment data. However, the sector’s registered capital in October saw a decline of 16.91 percent from the previous month, totalling US$846.43 million compared to September’s US$1.02 billion.
Year-to-date, the real estate industry has attracted 64 projects, with cumulative capital reaching approximately US$5.23 billion, reflecting strong interest from foreign investors despite fluctuations in monthly capital inflows. The sector’s attractiveness is largely driven by Vietnam’s rapid urbanisation and demand for both residential and commercial properties.
As Vietnam’s property market continues to grow, the sector remains a crucial component of the country’s FDI landscape, contributing to ongoing urban development and economic expansion.