According to Savills Viet Nam, the period 2025–2035 will mark a new phase in Viet Nam’s economic landscape as investment and production flows move towards high-tech sectors, generating greater added value and strengthening Viet Nam’s position in the regional value chain.
Viet Nam currently enjoys a rare combination of strong growth, a young population, active policy reforms, and large-scale infrastructure investment. These will form the foundation for a decade of sustainable development in which real estate continues to play a pivotal role in the economy.
A strong economic foundation and domestic market momentum
Savills’ report on Viet Nam’s real estate market for Q3 2025 shows that Viet Nam’s GDP grew by 7.5–8%, leading the region, with the government having set a target of 10% for next year, reflecting strong confidence in recovery prospects. Despite fluctuations in exchange rates, this factor helps maintain export competitiveness, while the Purchasing Managers’ Index (PMI) remains above the 50-point threshold, indicating positive industrial recovery. At the same time, retail sales of goods and services continue to rise, clearly signalling strong momentum in domestic consumption.
Viet Nam’s growth drivers stem not only from exports but also from a dynamic domestic market with a rapidly expanding middle class. In terms of policy, inflation is well controlled and interest rates remain low, creating favourable conditions for investment and consumption.
In the context of global uncertainty, Viet Nam’s stable financial environment is a key factor enabling real estate to maintain its position as a safe investment and inflation hedge.
FDI inflow, infrastructure, and the shift in investment structure
Foreign direct investment (FDI) into Viet Nam continues to increase steadily and with greater quality. Although total disbursements have not reached their highest levels, excluding large-scale energy projects, investment into industrial, technological and real estate sectors remains highly positive.
Notably, Ha Noi attracted 3.5 billion USD in FDI in the past quarter, more than 3.1 billion USD of which flowed directly into real estate, providing clear evidence of strong confidence from international investors. At the same time, 49 billion USD in infrastructure investment has been committed, including the North–South Expressway, Long Thanh Airport, ring-road systems, and liquefied natural gas (LNG) projects. Once completed, this network will reshape Viet Nam’s urban map, connect emerging growth poles and expand development space for second-tier cities such as Dong Nai, Hai Phong, and Quang Ninh.
Policy reforms, urbanisation and opportunities for sustainable development
According to Savills, by 2035 Viet Nam’s GDP is expected to reach 480–500 billion USD, roughly three times its current level, with an average growth rate of 7–8% per year. The urbanisation rate is projected to reach 50%, equivalent to 51 million urban residents. The middle class will expand to 75% of the population, driving strong demand for housing, commercial facilities, tourism, and healthcare.
This will also be the period when Viet Nam transitions from a “land-banking economy” to a “value-creating economy”. The market will witness the rising role of institutional investors and international capital flows, moving towards sustainable and long-term project development.
The government is strengthening legal reforms and developing new capital-mobilisation mechanisms, including infrastructure bonds and digital transformation in market governance, towards a transparent and modern environment that attracts long-term capital.
At the same time, climate change presents both challenges and new opportunities for green investment. Viet Nam is among the countries most affected by sea-level rise and salinity intrusion, but it is also a regional leader in Net Zero commitments and green infrastructure investment. As a result, sustainable, energy-efficient, and climate-resilient real estate projects will become new market standards.
A multi-criteria analysis comparing Viet Nam with regional countries such as Indonesia, Malaysia, the Philippines, and Thailand shows that Viet Nam scores 3.2, reflecting a resilient investment environment with positive prospects.
Of course, risks remain — such as exchange-rate volatility, global inflation, and implementation capacity for major plans — but with a strong economic foundation, reform policies and the momentum of an increasingly urban population, Viet Nam continues to be an attractive investment destination in the Asian region.
