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Vietnam Real Estate and Mortgage Market Share, Analysis: By Type: Residential, Retail, Logistics/Industrial, Hospitality, Office; By Value: Premium, Luxury, Affordable; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators of Demand, Key Indicators of Price; Competitive Landscape; 2024-2032
Vietnam Real Estate and Mortgage Market Size
The Vietnam real estate and mortgage market reached approximately USD 46.30 billion in 2023. The market is projected to grow at a CAGR of 11.2% between 2024 and 2032, reaching a value of around USD 120.37 billion by 2032.
| Vietnam Real Estate and Mortgage Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 46.30 |
| Market Size 2032 | USD Billion | 120.37 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 11.2% |
| CAGR 2024-2032 - Market by Region | Mekong River Delta | 10.9% |
| CAGR 2024-2032 - Market by Region | South Central Coast | 10.6% |
| CAGR 2024-2032 - Market by Type | Logistics/Industrial | 12.1% |
| CAGR 2024-2032 - Market by Value | Premium | 11.4% |
| Market Share by Region | Southeast | 26.4% |
Vietnam Real Estate and Mortgage Market Outlook
- The Law on Real Estate Business was officially passed by the National Assembly of Vietnam on 28 November 2023, replacing the 2014 Law on Real Estate Business to stimulate the market.
- The General Statistics Office (GSO) reported that the real estate sector in Vietnam received a total of USD 607.6 million in FDI disbursement during the first four months of 2024, representing 9.7% of the overall FDI inflow.
- Approximately 30 cities and provinces across the country have initiated smart urban development initiatives, with notable examples being Ho Chi Minh City and Hanoi, resulting in the expansion of the market.
Vietnam Real Estate and Mortgage Market Growth
Vietnam's swift economic growth and urbanisation have played a crucial role in propelling the country’s real estate sector growth. The number of real estate companies set up in Q2 reached 6000, witnessing 23.7% y-o-y growth. Moreover, the State Bank of Vietnam (SBV), at the end of June 2022, revealed that the total outstanding loans in the property market stood at VND2,360 trillion, a 14% y-o-y growth.
As the urban population continues to rise, the need for residential, commercial, and industrial properties has significantly increased. In 2022, 37.4 million Vietnamese individuals resided in urban areas. Additionally, the government's ongoing infrastructure development initiatives, including the development of new transportation systems and urban utilities, have contributed to making real estate investments even more appealing.
The rise of smart cities in Vietnam is fuelling the growth of the market. To adapt to the fourth industrial revolution (Industry 4.0), various cities and provinces in Vietnam are implementing smart city initiatives that leverage technology and internet-connected devices to improve urban management and boost the economy. By utilising cutting-edge technologies and data analysis from sensors, smart cities are anticipated to bring economic, environmental, and social advantages. These benefits include optimising traffic flow in real time, reducing energy consumption, and automating waste management processes.
The development of smart cities has been a top priority in key urban areas across Vietnam, such as Ho Chi Minh City, Hanoi, Da Nang, and Can Tho. Ho Chi Minh City, for instance, has outlined four main objectives to achieve smart city status by 2025, including establishing a shared database, creating a simulation research and forecasting centre for socioeconomic policies, setting up a smart administration centre, and establishing an information security centre. Hence, improved liveability, sustainability, and workability of smart cities are boosting investments in real estate and mortgages in Vietnam.
Vietnam Real Estate and Mortgage Industry Segmentation
“Vietnam Real Estate and Mortgage Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| CAGR 2024-2032 - Market by | Type |
| Logistics/Industrial | 12.1% |
| Residential | 11.7% |
| Retail | 10.6% |
| Hospitality | XX% |
| Office | XX% |
Market Breakup by Type
- Residential
- Retail
- Logistics/Industrial
- Hospitality
- Office
| CAGR 2024-2032 - Market by | Value |
| Premium | 11.4% |
| Luxury | 10.6% |
| Affordable | XX% |
Market Breakup by Value
- Premium
- Luxury
- Affordable
| CAGR 2024-2032 - Market by | Region |
| Mekong River Delta | 10.9% |
| South Central Coast | 10.6% |
| Southeast | XX% |
| Red River Delta | XX% |
| Others | XX% |
Market Breakup by Region
- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others
Vietnam Real Estate and Mortgage Market Share
Based on type, the market is segmented into residential, retail, logistics/industrial, hospitality, and office. The logistics/industrial segment is projected to grow at a CAGR of 12.1% between 2024 and 2032. In order to facilitate effective distribution and save transportation costs, logistics real estate facilities are frequently situated close to ports, key transportation hubs, and roads. Logistics and warehouse space are also high in demand due to the growth of e-commerce.
| Market Share by | Region |
| Southeast | 26.4% |
| Red River Delta | XX% |
| Mekong River Delta | XX% |
| South Central Coast | XX% |
| Others | XX% |
Leading Companies in the Vietnam Real Estate and Mortgage market
Major players are focusing on complying with the legal regulations and adopting green certification to gain a competitive edge in the market.
- Tata Consumer Products Limited
- DAT XANH GROUP
- Vingroup Joint Stock Company
- FLC Group
- Nam Long Investment Corporation
- Sun Group
- Novaland Group
- Phat Dat Real Estate Development Corporation
- Savills plc
- Avison Young (Canada) Inc.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Value |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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Vietnam Real Estate and Mortgage Market Report Snapshots
Vietnam Real Estate and Mortgage Market Size
Vietnam Real Estate and Mortgage Market Growth
Vietnam Real Estate and Mortgage Market Share
Vietnam Real Estate and Mortgage Companies
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Real Estate and Mortgage Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Real Estate and Mortgage Historical Market (2018-2023)
8.3 Asia Pacific Real Estate and Mortgage Market Forecast (2024-2032)
9 Vietnam Real Estate and Mortgage Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Real Estate and Mortgage Historical Market (2018-2023)
9.3 Vietnam Real Estate and Mortgage Market Forecast (2024-2032)
10 Vietnam Real Estate and Mortgage Market by Type
10.1 Residential
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Retail
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Logistics/Industrial
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Hospitality
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Office
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
11 Vietnam Real Estate and Mortgage Market by Value
11.1 Premium
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Luxury
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Affordable
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Vietnam Real Estate and Mortgage Market by Region
12.1 Southeast
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Red River Delta
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mekong River Delta
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 South Central Coast
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Tata Consumer Products Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 DAT XANH GROUP
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Vingroup Joint Stock Company
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 FLC Group
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Nam Long Investment Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Sun Group
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Novaland Group
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Phat Dat Real Estate Development Corporation
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Savills plc
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Avison Young (Canada) Inc.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Real Estate and Mortgage Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Real Estate and Mortgage Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Real Estate and Mortgage Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Vietnam Real Estate and Mortgage Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Vietnam Real Estate and Mortgage Historical Market: Breakup by Value (USD Billion), 2018-2023
6. Vietnam Real Estate and Mortgage Market Forecast: Breakup by Value (USD Billion), 2024-2032
7. Vietnam Real Estate and Mortgage Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Vietnam Real Estate and Mortgage Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Vietnam Real Estate and Mortgage Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 46.30 billion.
The market is estimated to grow at a CAGR of 11.2% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 120.37 billion by 2032.
The market is being driven by the rapid urbanisation, rapid economic growth, and development of smart cities.
The key trends aiding the real estate and mortgage market in Vietnam include the rising FDIs in the country and the development of luxury and high-end properties.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different types of real estate and mortgage include residential, retail, logistics/industrial, hospitality, and office.
The major players in the market are Tata Consumer Products Limited, DAT XANH GROUP, Vingroup Joint Stock Company, FLC Group, Nam Long Investment Corporation, Sun Group, Novaland Group, Phat Dat Real Estate Development Corporation, Savills plc, and Avison Young (Canada) Inc., among others.
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