A total of VND2.75 quadrillion (US$41 billion) went into the property market in 2023, according to the State Bank of Vietnam (SBV), an increase of 6.75% in comparison to last year.

The Intellectual Property Office of Vietnam (IP Vietnam) under the Ministry of Science and Technology (MoST) reported that it has received more than 156,000 applications to establish industrial property rights of all kinds last year, a year-on-year increase of 11%.

Real estate has emerged as the biggest recipient of foreign direct investment (FDI) in January while foreigners now also have great demand for property in Vietnam, statistics show.

Government policies and market forces are expected to propel the real estate sector for continued growth in 2024, with demand in industrial and office leasing segments expected to increase, according to experts from Savills Vietnam.

VOV.VN - A number of policies introduced by the Government to remove obstacles faced by business operations and promote social housing projects have recently exerted a positive impact on the real estate market, according to industry insiders.

Foreign investors are expected to plough large amounts of money into the Vietnamese property market in 2024-26.

As many as 21 Vietnamese rubber enterprises have been branded with the trademark “Vietnam Rubber”, which was registered for the protection of intellectual property in China, India, Taiwan (China), Laos, and Cambodia.

Applying information technology in the real estate sector is a major trend, helping to easily connect parties in need with product and service providers, and changing the path of the Vietnamese property market, according to experts.

VOV.VN - Experts have warned that the real estate market will continue to struggle with limited access to capital, legal bottlenecks, and a general inability among companies to redeem bonds.

A total of 59,559 businesses entered and re-entered the real estate market in the third quarter of 2023, a record number for the period, which represented a rise of 18% year on year, according to head of the Ministry of Construction (MoC)’s Office Dau Minh Thanh.