New realty-related laws enhance investor confidence in Vietnam: Savills
The recent enactment of new real estate-related laws is augmenting investor confidence in Vietnam’s stable and transparent legal environment, with foreign investors showing strong interest in diverse segments, says a Savills Vietnam executive.
Diverse investment appetite
Tran Thi Khanh Linh, associate director of investment advisory at Savills, has reckoned that the Vietnamese market continues to offer high growth opportunities, supported by steady foreign direct investment (FDI) growth and robust infrastructure development.
Those factors lead to a strong demand across all segments such as residential, industrial, and commercial, and have collectively enhanced Vietnam's attractiveness to investors.

Aparment complexes in Thanh Xuan district, Hanoi. Photo by The Investor/Trong Hieu.
“With the recent enactment of real estate-related laws in August, investors are now more confident in a stable and transparent legal environment. The streamlined legal approval process and clear definition of initial investment costs (land use costs) have significantly boosted the appeal of real estate investment projects,” Linh noted.
According to experts, investors have abundant opportunities to engage in M&A activities for promising projects or collaborate with local partners to develop large-scale ventures. The diverse market demand has attracted a wide array of investment preferences.
"Foreign investors continue to exhibit strong interest in residential real estate projects, on par with their demand for industrial parks and office buildings. Foreign investors consistently prioritize projects with clear legal status and readiness for development," Linh explained.
Specifically, most investors require projects that have approved 1/500-scale master plans, and many even demand a notice of land use fee payment. However, project legal approval processes have recently slowed down due to ongoing changes in real estate-related laws.
"As a result, the supply of residential projects has become quite limited. Foreign investors have thus shifted their focus towards industrial parks and office buildings, which are typically operational, have clear legal status, and are more readily available for M&A," Linh said.
Savills recorded that, in Q2/2024, Japan’s Nishi Nippon Railroad acquired a 25% stake in the 45.5-ha Paragon Dai Phuoc project from Nam Long Group (HoSE: NLG) for $26 million. Taiwan’s Tripod Technology Corporation bought a 15-ha industrial land lot in Ba Ria-Vung Tau province from Sonadezi Chau Duc.
According to Savills' Asia Pacific Investment Quarterly (APIQ) report for Q3/2024, Vietnam has shown some bright spots in investment activities amid a stable economic environment.
Stable investment environment
According to the World Bank’s latest report from late August, GDP is forecast to grow by 6.1% in 2024, up from 5% in 2023. Inflation is expected to be controlled at 4.5% in 2024, indicating economic stability.
HSBC and Standard Chartered Bank have raised their respective GDP growth forecasts for Vietnam to 7% from 6.5% and to 6.8% from 6% this year.
FDI continues to play a vital role, with registered FDI reaching $27.26 billion in January-October, an increase of 1.9% year-on-year. Realized FDI is estimated to have risen 8.8% to $19.58 billion.
However, despite these positive developments, Savills Vietnam observed that Vietnam’s economy has not yet returned to its pre-pandemic growth trajectory, with consumer spending remaining subdued.
“Vietnam’s economy is forecast to grow by 6.1% in 2024, with inflation expected to reach 4.5%. Foreign direct investment increased by 7% year-on-year [in Jan-Aug], supporting industrial real estate, while international tourism and the retail sector show promising signs of recovery,” said Troy Griffiths, deputy managing director of Savills Vietnam.
Steady annual growth in FDI is a key driver of industrial real estate in Vietnam. The country currently offers 33,000 hectares of industrial parks for lease, with an occupancy rate of approximately 80%. In September, T&T Group broke ground on a 41.7-ha industrial cluster in Hanoi, and High-tech Infrastructure JSC secured approval for a 105.5-ha park in the northern province of Bac Giang.
Despite a projected slowdown in domestic spending, the retail market remains strong due to limited retail space and a growing middle class. Aeon Mall is expanding, having opened Aeon Mall Hue (8.6 ha) in September, acquiring a 10.5 ha site in Thanh Hoa for its largest mall in the central region, and securing master plan 1/500 approval for the Aeon Mall Bien Hoa project (12 ha). Becamex IDC also broke ground on a seven-ha commercial complex in the Binh Duong New City project.
International visitors are returning to Vietnam, with over 11.4 million arrivals in the first eight months of 2024, up 45.8% year-on-year and already 1% higher than in 2019. The tally for 10 months is 14.1 million, up 41.3%.
By 2028, 191 hospitality projects are expected to add around 49,800 rooms; 75% of this new supply is in the mid-to-high-end segment, with 70% branded by international luxury hotel chains, positioning Vietnam as a key market in the region.
Despite the amended Land Law taking effect in August, the residential market remains quiet. In the same month, Cosmos Initia, TT Capital, and Koterasu Group launched the TT Avio project in Binh Duong, offering nearly 2,000 affordable apartments with tailor-made payment schedules to boost demand.
Vinhomes introduced the 385-hectare Vinhomes Global Gate in Hanoi, featuring over 4,100 low-rise units and 12,600 high-rise units, with an official launch expected by year-end. Skyworld signed an MoU to potentially acquire a 49% stake in a 10.25-hectare project in Binh Duong from GuocoLand.
Around 35,000 square meters of Net Lettable Area (NLA) office space will be added in HCMC in the second half of 2024 from three Grade B and C projects: Thaisquare The Merit, Vinatex Building, and CMC Tower B.
In Hanoi, two Grade A projects, Taisei Hanoi Office Tower and Heritage West Lake, will add 46,000 sq.m by year-end.
- Read More
Indonesia to end incentives for imported CBU BEVs in 2026
The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.
Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7
Aquatic sector advised to navigate challenges, secure exports to EU, US
Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.
Companies - Tue, September 16, 2025 | 9:41 pm GMT+7
Vietnam pledges favorable conditions for UK businesses
Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the UK.
Companies - Tue, September 16, 2025 | 9:29 pm GMT+7
Lotte Shopping plans to open more shopping malls in Vietnam
South Korean retail giant Lotte Shopping has unveiled plans to open an additional two to three large-scale shopping malls in major Vietnamese cities by 2030, underscoring the country’s growing role in the group’s international expansion strategy.
Companies - Tue, September 16, 2025 | 9:25 pm GMT+7
Vietnam ratifies WTO Agreement on Fisheries Subsidies
Vietnam officially deposited its instrument of ratification of the Agreement on Fisheries Subsidies at the WTO General Council’s special session in Switzerland on Monday.
Companies - Tue, September 16, 2025 | 9:21 pm GMT+7
What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?
NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.
Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7
Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026
Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.
Industries - Tue, September 16, 2025 | 3:54 pm GMT+7
Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex
A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.
Industries - Tue, September 16, 2025 | 2:44 pm GMT+7
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7