Foreign direct investment (FDI) in the real estate sector for 2024 reached US$3.72 billion, making up 18.8% of the total FDI that Vietnam attracted in the year, second only to the manufacturing sector, reported the General Statistics Office (GSO).

Foreign investors injected more than US$2.87 billion into the Vietnamese realty market during January-July, a year-on-year surge of 78%, according to the Ministry of Planning and Investment (MPI)’s Foreign Investment Agency.

The real estate markets in Vietnam’s two largest cities, Hanoi and Ho Chi Minh City, indicated signs of recovery amid protracted woes in the final months of last year, according to a Savills report.

Hanoi real estate market in 2023 saw the lowest sales in the villa and townhouse segment in the past 10 years, but selling prices of the villa and townhouse segment in Hanoi continued to increase strongly.

Vietnam saw positive performance in the office market in its largest cities, Hanoi and HCM City, during the past nine months of this year, according to foreign real estate research firms based in Vietnam.

Real estate attracted US$1.94 billion in foreign direct investment (FDI) in the first nine months of this year, accounting for about 9.6% of total FDI to Vietnam in the period.

Industrial real estate has been a bright spot in the market thanks to a large amount of foreign investment inflows, great potential and high absorption capacity, according to experts.

Vietnam’s office market will continue to see an uptick in 2023 with quality supplies, according to real estate agency Savills Vietnam.

Vietnam is among the four markets with potential growth in branded residences segment, according to a global Savills report.

As workplaces have drawn greater attention of enterprises and employees, investors have focused more on the development of green office in their projects.