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Vietnam Commercial Real Estate Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024:USD 17.6 Billion

Market Forecast in 2033:USD 63.0 Billion

Market Growth Rate (2025-33): 14.1%

Vietnam commercial real estate market size reached USD 17.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 63.0 Billion by 2033, exhibiting a growth rate (CAGR) of 14.1% during 2025-2033. The growing demand for modern warehousing and distribution centers, increasing focus on eco-friendly building practices and green certifications, and rising demand for commercial properties, such as hotels, resorts, and retail spaces in tourist hubs, represent some of the key factors driving the market.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/vietnam-commercial-real-estate-market/requestsample

Vietnam Commercial Real Estate Market Trends and Drivers:

Market Drivers and Sectoral Growth

• Robust economic growth and rising FDI are catalyzing commercial real estate development, especially in Ho Chi Minh City and Hanoi.

• Urbanization, a growing middle class, and favorable demographics are boosting demand across asset classes.

• Mixed-use and premium-grade projects are being actively developed by both local and international players.

• Retail sector demand is rising due to:

  • Entry of international and luxury brands

  • Rising consumer spending

  • Expansion into suburban and secondary cities

• Industrial and logistics real estate is booming, supported by:

  • Export-driven manufacturing

  • Growing e-commerce sector

  • Government-backed infrastructure upgrades (e.g., ports, highways)

Subsector Trends and Innovation

• Office leasing is resilient and growing, especially:

  • For green-certified, high-spec buildings in CBDs

  • Among MNCs and scaling domestic enterprises

• Retail properties are evolving, focusing on:

  • Shopping malls in suburban areas

  • Experiential and omnichannel retail strategies

• Industrial/logistics remains a growth leader, with:

  • Increased development of cold storage, ready-built warehouses, and smart logistics hubs

  • Strong demand from 3PLs and e-commerce players

• Developers are embracing sustainability and smart technologies to boost:

  • Asset valuation

  • Operational efficiency

  • Tenant satisfaction

Future Outlook and Investment Opportunities

• Long-term prospects remain strong, driven by:

  • Ongoing urban migration

  • Expanding infrastructure

  • Economic stability

• Tier-2 cities are becoming hotspots for:

  • Office decentralization

  • Retail expansion

  • New logistics hubs

• Growth in tech and digital services is spurring demand for:

  • Flexible workspaces

  • Tech parks

• The hospitality and tourism rebound is reigniting interest in related commercial assets.

• Investor focus is shifting towards:

  • High-quality, sustainable assets

  • Yield-generating projects in emerging corridors

  • Smart integration of design, efficiency, and customer experience

Vietnam Commercial Real Estate Market Industry Segmentation:

Type Insights:

• Offices
• Retail
• Industrial
• Logistics
• Multi-family
• Hospitality

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=14309&flag=C

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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