Market Report Q2 | 2025

Vietnam’s economy maintained solid momentum in Q2/2025 with GDP growth of 6.85% YoY, FDI inflows exceeding USD 4.5 billion, and retail sales up 9.9%. The country continued to attract investors, supported by strong domestic demand, infrastructure upgrades, and major legal reforms including the Land Law 2024 and new Enterprise Law 2025.

Apartment: Prices in Ho Chi Minh City exceeded USD 3,000/sqm (+7.1% YoY), driven by limited new supply and infrastructure expansion such as Metro Line 1 and Ring Road 3. Hanoi’s prices stayed high at USD 2,815/sqm (+29.5%), while Binh Duong reached USD 1,192/sqm (+4.5%), reflecting growing integration with HCMC through new expressways.

Office: Over 258,000 sqm of new office space was added nationwide, including LEED-certified projects in HCMC. Average rents remained stable — USD 46.6/sqm/month for Grade A in HCMC and USD 33.8/sqm/month in Hanoi — as tenants prioritized modern, flexible workspaces.

Retail: Retail sales growth and strong domestic consumption kept the sector vibrant. Prime retail rents averaged USD 80–130/sqm/month in HCMC and USD 60–110/sqm/month in Hanoi, with occupancy above 95%. Major players like Vincom and AEON continue expanding into satellite provinces amid regional mergers.

Hotel: Vietnam welcomed 4.65 million international arrivals (+11% YoY), boosted by visa expansion and new flight routes. Average room rates rose across all key cities, led by Da Nang (+19.3% QoQ) and Hanoi (+9.1% QoQ). High-end hotel projects under brands such as Marriott, Wyndham, and Dusit highlighted investor confidence.

Learn more by clicking our Vietnam Market Report | Q2 2025