David Jackson

The Avison Young Quarterly Knowledge Report for Q2 2024 provides a comprehensive overview of Vietnam’s real estate market. Here are some key highlights:

Commercial Real Estate: The market saw steady performance with significant improvements in both the office and industrial segments. New Grade A office supplies in Hanoi and Ho Chi Minh City have intensified competition, leading to some rental adjustments.

Foreign Investment: There was a notable increase in foreign investment, with $1 billion in disbursed capital, almost doubling year-on-year.

New Developments: Several new Grade A office buildings were introduced, including VinaComin Tower, Taisei Square, and Grand Terra 36 Cat Linh in Hanoi, and e.town 6 in Ho Chi Minh City.

Future Outlook: The market is expected to become more active towards the end of 2024, especially with new real estate laws coming into effect in August.