Market Size of Commercial Real Estate Industry in Vietnam
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 19.07 Billion |
| Market Size (2029) | USD 39.05 Billion |
| CAGR (2024 - 2029) | 15.42 % |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Vietnam Commercial Real Estate Market Analysis
The Commercial Real Estate Market in Vietnam Market size is estimated at USD 19.07 billion in 2024, and is expected to reach USD 39.05 billion by 2029, growing at a CAGR of 15.42% during the forecast period (2024-2029).
The COVID-19 pandemic caused a slowdown in the Vietnamese property market. However, many companies believe this is only temporary and hoping for a rebound once the virus is under control. Meanwhile, the government has identified public investment as a key solution to boost growth. A better infrastructure system could be seen as welcoming news for the real estate market for further development in the coming years.
Despite the signs of cyclical moderation in growth, Vietnam's economic outlook remains positive. Vietnam's economy saw strong growth, with laws that made foreigners invest in its development. As a result, there has been a surge in high-end real estate developments in the country.
The improvement in infrastructure supporting the tourism industry, which has always been one of the prioritized investment areas by Vietnam, has boosted the growth of many tourist cities in recent years. Local demand in Vietnam is also rising as Vietnamese entrepreneurs are looking for investment opportunities.
