The Vietnam commercial real estate market reached approximately USD 16.61 Billion in 2024. The market is projected to grow at a CAGR of 13.80% between 2025 and 2034, reaching a value of around USD 60.51 Billion by 2034.
Base Year
Historical Year
Forecast Year
As per the Asia-Pacific Investor Intentions Survey, Vietnam’s real estate market ranks second in the emerging destinations in the region right behind India.
According to the industry reports, in 2024, the majority of investors in Vietnam are interested in industrial and office properties, which provides opportunities for the commercial real estate sector.
The construction of the Lang Son to Cao Bang Expressway to reduce traffic congestion which is expected to be finished by 2027 is one of the biggest commercial projects in Vietnam.
Value in USD Billion
2025-2034
Vietnam Commercial Real Estate Market Outlook
*this image is indicative*
The growing demand for Grade A office space, the rise of the logistics real estate sector due to the expansion of warehouses and distribution centres, and the burgeoning tourism sector are some of the crucial drivers supporting the commercial real estate industry in Vietnam. JLL anticipated a notable rise in Grade A office vacancy in Hanoi by the end of 2023, by the completion of construction of 43,462 sqm from Diamond Park Plaza and 36 Cat Linh.
The increasing awareness of environmental sustainability is influencing construction practices in the country, with developers incorporating green building certifications and energy-efficient designs to attract tenants and investors. Builders are also making use of Building Automation Systems (BAS) that integrate various elements in the building such as HVAC, security and lighting to optimize energy consumption. Moreover, smart building technologies such as IoT (Internet of Things) for energy management, security systems, and enhancing tenant comfort, are increasingly being adopted in modern commercial real estate projects. These technologies use data insights to assist in analysis and informed decision-making about building management and services.
The introduction of co-working spaces, infrastructural development and growing foreign direct investments are likely to influence the Vietnam commercial real estate market revenue.
The number of co-working spaces in Vietnam is experiencing significant growth, especially in cities like Ho Chi Minh City and Hanoi which are adopting modernisation and urbanisation at a faster rate, due to the rising number of startups and small businesses in the country. These are flexible working spaces and are significantly more affordable than traditional workspaces. Adding to this, as cities are moving towards urbanisation and developing their infrastructure, multinational corporations and companies are increasingly venturing into the Vietnam market to establish a presence, which fuels the need for such co-working spaces, thereby aiding the commercial real estate demand growth.
The country is largely focusing on its infrastructural development, especially in the urban areas. In December 2023, the Climate-Resilient Urban Infrastructure in North-Centre Vietnam (CRUIV) project commenced which aims to develop urban infrastructure that will promote adaptation and resilience to climate change effects. It constitutes an enhanced safety in residential areas, upgradation of roads and strengthening of urban service administrations, among other objectives. An evolved ecosystem fuels the demand for real estate in surrounding areas.
A large amount of foreign direct investment (FDI) continues to grow in Vietnam. In 2023, the total registered FDI capital in Vietnam reached approximately 36.61 billion USD witnessing an increase of 32.1% as compared to the previous year. In January 2024 alone, the total FDI capital registered in Vietnam reached about 2.4 billion USD. In the current landscape, Vietnamese real estate businesses are actively restructuring their products and investment portfolios, leading to Vietnam commercial real estate market development.
Market players are increasingly utilizing technology to improve their projects in order to widen the consumer base and stand out in the market. The integration of Artificial Intelligence (AI) and Machine Learning (ML) are gaining popularity. Projects are equipped with smart security systems such as door locking systems, facial recognition, biometric sensors, among numerous others, for enhanced safety.
“Vietnam Commercial Real Estate Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Market Breakup by Region:
Based on type, the market is divided into offices, retail, industrial/logistics, multi-family, and hospitality, among others. Offices account for a substantial market share owing to the growth of the economy which continues to grow and attract foreign investment. Additionally, multinational corporations are expanding their operations in Vietnam, and they demand high-end office spaces to accommodate their growing workforce as well as to establish their presence in the country, which aids the segment growth.
The market players are investing heavily in the industrial and logistics sectors to gain a competitive edge in the market.
Vietnam Commercial Real Estate Market Size
Vietnam Commercial Real Estate Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2024, the market reached an approximate value of USD 16.61 Billion.
The Vietnam commercial real estate market is estimated to grow at a CAGR of 13.80% between 2025 and 2034.
The market is estimated to witness a healthy growth during 2025-2034 to reach around USD 60.51 Billion by 2034.
The market is being driven due to growing demand for Grade A office space, the rise of the logistics real estate sector due to the expansion of warehouses and distribution centres, and the burgeoning tourism sector.
The key trends aiding the commercial real estate market in Vietnam include increasing awareness of environmental sustainability, the rise of smart building technologies, and expansion of the retail sector.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on type, market segmentations include offices, retail, industrial/logistics, multi-family, and hospitality, among others.
The major players in the market are Jones Lang LaSalle Inc., CBRE Group Inc., Savills Plc, Colliers International Group Inc., Vingroup Joint Stock Company, WeWork Companies LLC, Song Chau Group, Ricons Construction Investment JSC, Coteccons Construction Joint Stock Company, and Elite Real Estate Corporation, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share