Vietnam's resort real estate sector is set to see a fresh recovery as many foreign funds and investors are seeking suitable investment products, said experts from the real estate agency Savills Vietnam.

Investors from Taiwan (China) are particularly keen on Vietnam’s industrial, office and retail real estate, motivated by the country’s progress in improving the legal framework and substantial investment in key infrastructure, property consultancy Savills Vietnam said.

Vietnam’s retail market has seen positive signs of recovery, especially domestic demand, after COVID-19.

The recovery of tourism, especially its international segment, is seen to be the driving force for the hotel market to prosper, with improvements in both occupancy and room rates, said experts from the real estate agency Savills Vietnam.

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

Vietnam’s real estate sector last year attracted an additional US$1.85 billion in foreign direct investment (FDI), retaining its second place among industries drawing FDI with combined investment of US$4.45 billion, accounting for 16.1% of the total FDI poured into the country, according to the Ministry of Construction.

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.

Investors have paid greater attention to sustainable construction in real estate, especially green office, to satisfy the new requirements of tenants, according to experts from Savills Vietnam.

The Savills Hanoi's report on the capital's property market in the third quarter of 2022 was released last week.