Vietnam Property Market Brief 2Q22

A special quarterly property publication provides insights on the HCMC and Hanoi markets

July 07, 2022
  • Trang Le

Market Highlights:

  • Vietnam’s Gross Domestic Product (GDP) in 2Q22 increased by 7.72% y-o-y.
  • In 2Q22, total retail sales of consumer goods and services were estimated at VND 1,395.1 trillion, increased 19.5% y-o-y.
  • Total FDI registered in Vietnam in the first six months reached USD 14.03 billion, down 8.1% y-o-y.
  • The average CPI in 2Q22 increased by 2.96% y-o-y.
  • Export turnover in 2Q22 was estimated at USD 96.8 billion, up 21% y-o-y.

Ho Chi Minh City and Southern provinces

  • Office: Strong demand recovers, particularly in the Grade B segment.
  • Retail: Rents recovered to pre-pandemic levels.
  • RBL: Primary selling prices continued to grow rapidly.
  • Industrial: Land prices continued to rise, whilst RBF rents remained stable.

Hanoi and Northern provinces

  • Office: Net effective rent increased sharply in the Grade A segment.
  • Retail: Rents increased slightly in the non-CBD area and stabilised in the CBD area
  • RBL: Demand concentrated on the neighbouring provinces. Primary prices continued to increase strongly.
  • Industrial: The occupancy rate remained high. Land rental prices increased slightly.

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