In Q2 2025, Vietnam's GDP growth rate is estimated to reach 7.52% year-on-year, with growth observed in agriculture, industry, and services sectors. Nearly US$21.52 billion in foreign direct investment was attracted.
RETAIL MARKET
RETAIL Market: In Q2 2025, Hanoi’s retail market saw no new supply, keeping total stock at 1.4 million sqm with 85.4 percent occupancy and rising ground-floor rents at 47.1 USD per sqm per month, while large malls remained full, older centers shifted tenants, and about 324,000 sqm of new space is expected by 2027, with the West emerging as a key retail hub.
RESIDENTIAL MARKET
In Q2 2025, Hanoi’s apartment market launched over 8,300 units, mostly in suburban townships, with nearly equal sales and average price rising to 3,402 USD per square meter, while the landed housing segment added 2,300 units with 2,266 sold and prices down to 10,528 USD per square meter due to competitive suburban supply, and around 12,000 apartments and 1,300 landed homes are expected in the second half of 2025, continuing the suburban expansion trend.
OFFICE MARKET
Average rent for Grade A was 31.79 USD/sqm/month, slightly up year-on-year. Grade B rents declined slightly due to flexible incentives. From 2025 to 2027, over 418,000 sqm of new office space is expected, mostly in the West area.
INDUSTRIAL PARK
In Q2/2025, Northern Vietnam added nearly 700 hectares of industrial land, bringing total supply to around 17,200 hectares, with 69 percent occupancy and average rent at 136 USD per square meter. Ready-built factories added 30,000 square meters, reaching 4.46 million square meters with 83 percent occupancy and rent at 5.0 USD per square meter per month. Warehouses added 135,000 square meters, totaling nearly 3.1 million square meters, 70 percent occupancy, and rent at 4.9 USD. The outlook remains positive thanks to infrastructure expansion and strong demand from tech and automated manufacturing sectors.
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