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Vietnam Real Estate Industry Report 2020

Monday 20, 07 2020
Total pages
Rental, Hiring and Real Estate Services
Published year
Executive Summary
Table of Facts & Figures
List of Rated Companies
Related Industries
Tab 5
Executive Summary
Table of Facts & Figures
List of Rated Companies
Related Industries
Vietnam’s Real Estate Industry in 2019 was stable and expected to remain a positive outlook. However, the unexpected movements of the Covid-19 pandemic changed the forecast for this industry in the first quarter of 2020.
Commercial real estate is suffering from a major reduction in rental fees and the return of premises, since restaurants and entertainment businesses are facing major revenue losses and cannot continue operating due to the pandemic. This affects people’s consuming behavior, causing real estate firms to suspend selling activities. Operations have temporarily ceased, with the expectation of a major sale season in the second half of 2020 should the pandemic be controlled by then.
Condotels are declining in the beginning of 2020. According to Khanh Hoa Department of Tourism, the Nha Trang market recorded a decline of 75% in international tourists and 82% in domestic tourists in February 2020 compared to the same period last year. It is estimated that the tourism revenue loss may range from USD 7 to 15 billion depending on the time of pandemic control in Vietnam. Tourism demand is expected to gradually recover in the third quarter of 2020 and grow again in the fourth quarter of 2020.
Disruptions in the supply chain and logistics affect industrial real estate. Demand from Chinese tenants has declined in the first two months of the year due to the direct impact of the pandemic. However, it is still too soon to confirm that this pandemic will put a serious impact on Vietnam’s Real Estate Industry. The report will provide insight into development in this industry in 2019, alongside expectations and forecasts for the year 2020.
Table of contents
1. Overview of the industry
3. New laws and regulations
4. External influences on industry development
5. Residential sector
6. Office sector
7. Retail sector
8. Industrial real estate sector
9. Condotel
10. Leading industry firms

List of figures
Overview of the industry

Figure 1. Economic and Real estate growth
Figure 2. CPI indexes
Figure 3. Operation of Real estate businesses
Figure 4. Social Investment capital in real estate
External influences on industry development
Figure 5. Number of tourists and revenue
Figure 6. Total revenue structure from tourists ( VND thousand billion)
Figure 7. Urbanization in Vietnam (%)
Residential sector
Figure 8. The number of apartments for sale
Figure 9. Supply in 2020
Figure 10. Market share of Hanoi’s market 2019
Figure 11. Hanoi’s total apartment supply and consumption
Figure 12. Supply 2019
Figure 13. Price increases in key areas
Figure 14. HCMC’s total apartment supply and consumption
Office sector
Figure 15. Hanoi’s office supply (m2)
Figure 16. HCM’s office supply (m2)
Figure 17. Office renting price per month (USD/m2)
Figure 18. Tenants by leasing purpose
Retail sector
Figure 19. Retail real estate supply 2019
Figure 20. Hanoi retail market’s supply 2020-2022
Industrial real estate
Figure 21. Project number by province and the y-o-y increase in occupancy ratio  
Figure 22. Industrial land area and FDI investment in 2019
Figure 23. Major condotel market
Figure 24. Major investors
Figure 25. Total condotel supply and absorption amount y-o-y
Financial ratios of the industry
Figure 26. Real estate outstanding loan (thousand billion dong)
Figure 27. Revenue and Debt in 2019 of some top companies
Figure 28. Real estate inventory by segments through years
Figure 29. Real estate inventory y-o-y
Figure 30. Financial Ratios of some top companies in 2019


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