Vietnam Commercial Real Estate Market Report 2025-2033 | Industry Size, Growth and Latest Insights

Vietnam Commercial Real Estate Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 14.1% (2025-2033)

Market Size in 2024: USD 17.6 Billion

Market Forecast in 2033: USD 63.0 Billion

The Vietnam commercial real estate market is experiencing significant growth, driven by robust economic development, increased foreign investment, and rising demand for various commercial properties. According to the latest report by IMARC Group, the market size reached USD 17.6 billion in 2024 and is projected to reach USD 63.0 billion by 2033, exhibiting a CAGR of 14.1% during 2025-2033.

Vietnam Commercial Real Estate Market Trends and Drivers:

The market in Vietnam is majorly driven by its strong economic growth and rising foreign direct investment (FDI) that have fueled demand for office spaces, retail centers, and industrial properties. Vietnam’s rapid urbanization and infrastructure development, including metro systems and expressways, have enhanced connectivity and accessibility, making commercial spaces more attractive. Also, the expansion of multinational corporations and tech startups has increased demand for modern office spaces in key cities. The boom in e-commerce and logistics has driven the need for high-quality warehouses and distribution centers. Government incentives, including tax breaks and regulatory reforms, have encouraged domestic and international investment in commercial real estate. Further, the growing middle class and changing consumer preferences have led to increased demand for shopping malls, entertainment complexes, and mixed-use developments. In line with this, the rising demand for hospitality and tourism-related infrastructure, such as hotels and resorts, has further strengthened the commercial real estate market, especially in key tourist destinations.

The scope of the market in Vietnam is expanding as new economic trends and technological advancements reshape the industry. Besides this, the increasing demand for co-working spaces and flexible office solutions is transforming the traditional office leasing model, catering to startups, freelancers, and remote workers, thus broadening the market appeal. Additionally, the rising smart buildings equipped with IoT-enabled energy management systems are improving operational efficiency and attracting eco-conscious tenants, thus providing impetus for the market. As per market analysis, the growing interest in mixed-use developments, combining residential, office, retail, and recreational spaces, is redefining urban landscapes and creating vibrant business hubs. Furthermore, the expansion of industrial parks and export-processing zones, driven by Vietnam’s strategic location and trade agreements, is strengthening the industrial real estate sector, thus creating a positive outlook for the market. In addition to this, the rapid evolution of retail trends, with a shift toward experiential shopping and digital integration, is influencing the development of next generation shopping centers, thus enabling market growth. Moreover, the increasing foreign capital inflows from institutional investors and real estate funds are driving competition and innovation in commercial property development, thus creating lucrative opportunities for the market

Vietnam Commercial Real Estate Market Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments:

• By Type:
  • Offices
  • Retail
  • Industrial
  • Logistics
  • Multi-family
  • Hospitality
• By Region:
  • Northern Vietnam
  • Central Vietnam
  • Southern Vietnam

For an in-depth analysis, you can refer to a sample copy of the report: https://www.imarcgroup.com/vietnam-commercial-real-estate-market/requestsample

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Key highlights of the report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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