Business

Property market rebounds despite economic storms

Housing demand is expected to continue recovering, supported by low mortgage rates ranging between 5.5 and 7.9% for the first one to three years. Looking further ahead, urbanisation projected to reach 50% by 2030 suggests significant long-term market potential. ​

Buildings in the central business district in HCM City. (Photo: VNA)
Buildings in the central business district in HCM City. (Photo: VNA)

Hanoi (VNS/VNA) - Vietnam’s property market is showing strong signs of recovery despite wider economic challenges, with sector-wide net profit surging nearly 130% year-on-year in the second quarter of 2025.

According to SSI Research, gains were driven by both housing and industrial park segments, signalling renewed investor confidence and growth potential.

Leading the charge, Vinhomes reported profits of 7.55 trillion VND (288 million USD), although this was down 30% year-on-year as major handovers and bulk sales are expected to materialise in the second half of the year.

Meanwhile, Hoang Huy Investment Service JSC (HHS) posted an extraordinary 3,075% increase in net profit to more than 3.5 trillion VND, following its acquisition of HHS Capital JSC and its position as parent company of CRV Real Estate Group.

Novaland and Vingroup also narrowed losses significantly compared to the previous year, contributing to an overall improved sector outlook. On the industrial property front, Viglacera and Kinh Bac reported profit growth fuelled by robust foreign direct investment (FDI) inflows and better gross margins.

Despite this profit strength, sector revenue dipped by 3.6% in Q2. Larger developers such as Vinhomes, Nam Long, and Khang Dien saw declines on a high base, while smaller players including Hodeco and Dat Xanh recorded growth.

SSI Research highlighted that new supply is benefiting from legal reforms and the restart of previously stalled projects, forecasting over 40,000 new apartments in HCM City and Hanoi in 2025 — a rise of more than 10% from 2024.

Housing demand is expected to continue recovering, supported by low mortgage rates ranging between 5.5 and 7.9% for the first one to three years. Looking further ahead, urbanisation projected to reach 50% by 2030 suggests significant long-term market potential.

In industrial parks, SSI cautioned that late 2025 through 2026 may experience slower contract signings, with memorandum of understanding (MoU) areas down 27% as tenants adopt a more cautious stance amid global uncertainties.

Rental rates are expected to remain stable at 145 USD per square metre in the north of the country and 178 USD per square metre in the south, with occupancy rates at 82% and 89%, respectively.

SSI projects net profit after tax for listed industrial park developers to grow 13% in 2025, although the long-term outlook for some larger players could weaken if new contract momentum fails to improve./.

VNA
#property market #industrial parks #Vinhomes #housing demand #real estate
Follow VietnamPlus

Post-pandemic recovery

Related News

See more

A delegation from the Nghe An provincial People’s Committee inspects production and business activities at the VSIP Nghe An Industrial, Urban and Service Park. (Photo:nhandan.vn)

Nghe An steps up reforms to attract FDI

In 2025, the provincial People’s Committee licensed 25 new FDI projects and approved capital adjustments for 20 others, bringing the total newly registered and additional investment to more than 1 billion USD. Many large-scale projects in the Southeast Nghe An Economic Zone have already become operational, contributing to export growth, state budget revenues and job creation.

Nearly 35,500 enterprises are newly registered nationwide, with total registered capital reaching nearly 313.7 trillion VND and more than 167,500 registered workers. (Photo: VNA)

Nearly 35,500 new businesses set up in first two months

The enterprises registered combined capital of about 313.7 trillion VND and more than 167,500 employees. Compared with the same period last year, the number of new businesses surged by 70.7%, while registered capital rose by 36.1% and registered labour increased by 19.1%.

The yarn factory of Unitex Textile and Dyeing Company Limited applies new technology to optimise operations using an automated model. (Photo: VNA)

Resolution 68: International lessons for private sector development

A common feature in many successful economies is a fundamental shift in the perception of private enterprises. In countries such as Singapore, Germany, Republic of Korea (RoK) and China, private firms are viewed not mainly as entities requiring strict control but as development partners and key forces generating growth, jobs and innovation.

The production line of Regza Electronics Vietnam Co., Ltd. located in Dong Nai province. (Photo: VNA)

Vietnam’s overseas investment rises 2.3-fold in first two months

During the period, 36 new overseas projects were granted investment certificates with total registered capital from Vietnamese investors reaching 532.4 million USD, up 2.3 times compared to the same period last year. In addition, three projects adjusted their capital with an additional 7.8 million USD, 1.5 times higher than a year earlier.

Workers of PTSC Thanh Hoa check the system for crude oil imports. Vietnam saw strong increase in fuel imports in the first two months of this year. (Photo" VNA)

Vietnam records strong increase in fuel imports in two months

Statistics of Vietnam Customs showed that Vietnam spent more than 1.44 billion USD importing 2.18 million tonnes of petroleum products in the first two months of this year, representing a sharp increase of 31.4% and 43%, respectively, over the same period last year.

Prime Minister Pham Minh Chinh visits a macadamia cultivation model in Huoi Tao B village, Pu Nhi commune, Dien Bien province on March 8. (Photo: VNA)

PM requests boosting agricultural development in Northwestern region

PM Chinh encouraged local residents to explore additional crops and livestock suitable for intercropping in order to maximise land use efficiency. Farmers were also urged to strengthen cooperation with one another and with businesses by joining cooperatives, consolidating land resources and working together to expand production and improve incomes.

Farmers in the Mekong Delta province of An Giang harvest rice grown under the project 'Sustainable Development of One Million Hectares of High-Quality, Low-Emission Rice Associated with Green Growth in the Mekong Delta by 2030.' (Photo: VNA)

Promoting high-quality rice exports amid mounting challenges

According to the Ministry of Agriculture and Environment (MAE), an estimated 600,000 tonnes of rice worth 370 million USD was exported in January, up 12.4% in volume and 16.9% in value year-on-year. The average export price reached 616.6 USD per tonne, up 4%.

Fuel supply in Hanoi remains stable. (Photo: VNA)

Fuel prices rise sharply from 3 pm on March 7

Since the beginning of this year, domestic fuel prices have undergone 11 adjustments. During this period, both RON95 and E5 RON92 experienced four decreases and seven increases, while diesel oil two falls and nine hikes.

Customers buy and sell fuel at a Petrolimex petrol station. (Photo: VNA)

Capital’s fuel market remains stable after March 5 price adjustment

Operations at several petrol stations across Hanoi have run normally. Along major routes, petrol stations remained open and continued to serve customers as usual. The number of vehicles refueling showed no major changes compared to the days before the price adjustment. Sales activities continued without interruption, and there were no long queues or supply disruptions.

Thang Long II Industrial Park in Hung Yen province. (Photo: VNA)

Green industrial parks draw FDI to northern Vietnam

From 2026, the industrial real estate market in the northern region is forecast to enter a new growth phase as strategic infrastructure projects near completion, supply expands, and green industrial parks become a decisive factor for foreign direct investment (FDI).

Border guards from Thanh Hai Border Guard Station patrol fishing vessels entering Phu Hai port in Phu Thuy ward, Lam Dong province. (Photo: VNA)

Lam Dong orders swift action to address IUU fishing gaps

Vice Chairman of the provincial People’s Committee Le Trong Yen has directed heads of relevant departments, sectors and localities to strictly implement directives and newly issued regulations on IUU prevention, while strengthening public awareness efforts so fishermen and businesses better understand and comply with the rules.