In 9M2025, Viet Nam’s economy continued its positive expansion, with the following highlights: 

• +7.9% GDP  
• US$28.5 billion in total registered FDI 
• +3.3% YoY in CPI 

HO CHI MINH OVERVIEW

HCMC’s real estate market maintained a positive trajectory in Q3/2025, supported by economic recovery, resilient domestic consumption, and stable foreign investment inflows.  

Retail and office sectors recorded healthy occupancy levels, driven by the expansion of entertainment, fashion, F&B brands, and strong leasing demand from IT and communications companies. 

The return of international visitors and business travellers continued to support hotel and serviced apartment performance. In the residential market, new supply is expected to remain limited in the short term, with prices forecast to rise. Many homebuyers are shifting to satellite provinces in search of more affordable options. 

Download Savills Market Brief Q3/2025 for insights into
Ho Chi Minh City’s property sector. 

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HA NOI OVERVIEW

In Q3/2025, Ha Noi’s retail market in Q3/2025 showed positive performance with rising rents, improving occupancy. Amid a growing pipeline, developers must balance delivery timing with market demand, sustaining competitive rents through clear product differentiation. 

Ha Noi’s office market remained resilient, with stable rents, improved occupancy, and strong tenant retention in Secondary areas. 

Hotel performance has remained sound, fuelled by strong international tourist inflows, MICE potential, and a growing supply of high-quality developments. The serviced apartment market recorded robust demand, driven by strong FDI inflows, improved infrastructure, and limited supply in neighbouring provinces.  

Download Savills Market Brief Q3/2025 for insights into
Ha Noi’s property sector. 

DOWNLOAD NOW