Vietnam's industrial sector is experiencing significant transformation, supported by strong foreign direct investment (FDI) flows, large-scale infrastructure projects, and a favourable regulatory environment, thus attracting a new wave of investment from foreign investors, experts have said.

Outstanding real estate developers in Vietnam were honoured for their achievements in 51 categories, including titles awarded for the first time, at the 10th PropertyGuru Vietnam Property Awards, which was organised by PropertyGuru Group, Southeast Asia’s leading property technology company, in Ho Chi Minh City on November 15.

Despite a modest influx of foreign direct investment (FDI) in the real estate sector since early 2024, Savills Vietnam sees a silver lining in the surge of FDI into high-tech manufacturing.

Vietnam’s property sector remains vulnerable to money laundering with the risks high in the sector, according to the latest report by the State Bank of Vietnam (SBV).

The real estate market in Ho Chi Minh City has witnessed positive changes over the past nine months.

The mid-range segment accounts for 98% of the total supply of apartments in Hanoi, while the high-end segment constitutes a mere 2%, CEO of Indochina Capital Michael Paul Piro told a press briefing in Hanoi on September 23.

Foreign investors poured a total of US$2.4 billion into the real estate market of Vietnam in the first eight months of this year, five times the level over the same period last year, according to the latest updates from the General Statistics Office (GSO).

Real estate revenue in Ho Chi Minh City reached VND173 trillion (over US$7 billion) in the first eight months of the year, up 6.1% year-on-year, according to the HCM City Statistics Office.

Demand for industrial land remains high, especially in the southern region, with ready-built warehouses and factories increasingly attracting investors, according to Savills Vietnam.

Vietnam ranked 49th out of 89 economies in term of real estate transparency, according to a recent global real estate transparency index (GRETI) 2024 rankings by global property services firm Jones Lang LaSalle (JLL).