Business News

Việt Nam’s real estate market is undergoing a pivotal transition, shaped by three major structural changes – the administrative boundary mergers, the rollout of large-scale infrastructure projects, and the implementation of the amended Land Law 2025, which will take effect in early next year. The Government’s decision to merge certain provinces and cities is expected to necessitate adjustments to all existing master plans while streamlining project approval procedures.

The third quarter of 2025 marked a remarkable resurgence for several prominent real estate companies, as they reported substantial increases in both revenue and profit. This wave of financial success is seen as a positive indicator of the market's recovery after an extended period of stagnation. Key players such as Becamex IJC, Sunshine Group, and Hodeco have all shown impressive financial results.

Since early this year, a growing number of investors from Europe, the US and Japan have been touring southern Việt Nam to seek potential investment locations. While land costs and location were once the main concerns, sustainability has now become a decisive factor, including renewable energy use, integrated services, and environmentally friendly living spaces.

Việt Nam’s property market continues to show resilience amid economic volatility, with major cities remaining bright spots. According to property technology platform Batdongsan.com.vn, Hà Nội, HCM City, Hải Phòng, and Đà Nẵng have demonstrated strong appeal, recording strong price growth throughout the 2021–25 cycle.

In the first six months of 2025, the region’s GDP saw a robust growth rate of 11.2 per cent, with the industrial sector surging over 12.8 per cent and services by 9.9 per cent. Cumulative FDI in post-merger Haiphong has now exceeded $50 billion, coming from 1,724 active projects, primarily in key sectors such as processing, manufacturing, and logistics.

The Vietnamese real estate market is experiencing an unprecedented surge in mergers and acquisitions (M&A), with both domestic and foreign companies actively driving growth in this vibrant sector. According to a recent report by Grant Thornton Vietnam, the total value of M&A transactions in the country reached approximately US$4.8 billion in the first eight months of 2025, representing a 21 per cent increase from the same period last year.

Total registered investment, including new and adjusted capital across the three areas of HCM City, Bình Dương and Bà Rịa – Vũng Tàu (former administrative units), reached US$4.4 billion. This represented 96.4 per cent of the same period last year and 117.96 per cent of the 2025 annual target. As many as 197.43 hectares of land and more than 63,000 square metres of factory space were leased.

Vietnam has set an ambitious GDP growth target of 8.3–8.5% for 2025, expected to drive strong momentum across the green economy, digital economy, and digital transformation, particularly in mergers and acquisitions (M&A). The “Emerging Real Estate Trends in Vietnam 2025” report, recently released by Indochina Strategic—the real estate advisory arm of Indochina Capital (ICC)—highlights 10 emerging trends shaping Vietnam’s real estate M&A market.