Vietnam Property Market Brief 3Q22

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

November 17, 2022
  • Trang Le
Market Highlights:​ 
  • Vietnam’s Gross Domestic Product (GDP) in 3Q22 increased by 13.67% y-o-y.​

  • In 3Q22, total retail sales of consumer goods and services were estimated at VND 4,170.2 trillion, increased 21% y-o-y.​

  • Total FDI registered in Vietnam in the first nine months reached USD 18.75 billion, down 15.3% y-o-y.​

  • The average CPI in 3Q22 increased by 2.73% y-o-y.​

  • Export turnover in 3Q22 was estimated at USD 96.5 billion, up 17.2% y-o-y.​
Ho Chi Minh City and Southern provinces​

  • Office: Demand recovers across both Grade A and Grade B segments​

  • Retail: Net effective rent recovers to a higher than pre-pandemic level​

  • RBL: Record-high price projects drive up the average primary market prices​

  • Industrial: Demand maintains strong momentum​
Hanoi and Northern provinces​

  • Office: Average rent increases, mainly from new buildings​

  • Retail: Demand continues to surge in City Fringe​

  • RBL: New supply shows signs of slowing down. Strong demand is seen in projects with a good selling price​

  • Industrial: The occupancy rate remained high. Rents continue to grow modestly

Fill out this form to download report

There was an error submitting the form. Please try again. 


Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally, the personal information we collect from you are for the purposes of downloading materials you have requested.

We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.