Ho Chi Minh City Real Estate Market Brief (2019H2EN)

In 2019, Vietnam’s impressive macroeconomic indicators supported the strong performance of the real estate market.

GDP growth was 7.02%, above the 2019 government target of 6.6% to 6.8% and similar to 2018 (7.08%). CPI was well controlled at 2.79%, under the 2019 target and the lowest in the last three years. Retail sales were US$163 billion, up 13% YoY – the highest in five years.

Total registered FDI capital was US$38 billion, up 7% YoY; in which, newly registered FDI provided capital of US$16.7 billion from 3,883 projects. By country, Korea led newly registered FDI (22%), followed by Hong Kong (17%) and China (14%). FDI disbursement was over US$20 billion, up 7% YoY.

International arrivals to Vietnam increased 16% YoY to 18 million.

This report was provided by Savills Vietnam. Savills plc is a global real estate services provider listed on the London Stock Exchange. We have an international network of over 700 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world. For more information on Savills Vietnam visit their website at: https://www.savills.com.vn/