Report | Creating Resilience

Two Decades of Vietnam's Urban Development

CBRE Vietnam: 20 Years of Trust and Success

March 8, 2024 30 Minute Read

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  • Vietnam’s economy has experienced remarkable growth over the past 20 years. The real estate market has been a major beneficiary, with the country’s urban environment having undergone a significant transformation. This has spurred the development of iconic skylines in Hanoi and Ho Chi Minh City; supported increasing professionalism and expertise among developers; led to more sophisticated and wealthier homebuyers; prompted an evolution in locational preferences; and underpinned the establishment of a comprehensive legal framework covering the real estate sector.
  • As CBRE celebrates its 20th anniversary in Vietnam, this special report reflects on the trends and developments we have observed within the residential property market during this period. The report also looks to the future and identifies key challenges and opportunities we expect to emerge in the Vietnam residential property market over the coming two decades.