In Q3 2026, Vietnam's GDP growth rate is estimated to reach 9.01% year-on-year, with growth observed in agriculture, industry, and services sectors. Nearly US$50.36 billion in foreign direct investment was attracted.
RETAIL MARKET
Hanoi's retail market recorded over 45,000 sqm of new supply, bringing total retail stock to approximately 1.48 million sqm. The new completions primarily comprised a shopping center and a retail podium within a mixed-use development in suburban districts.
RESIDENTIAL MARKET
During the first nine months of 2026, Hanoi's apartment market recorded over 13,000 newly launched units. In Q3 alone, new supply reached approximately 2,100 units, representing a decline (-54% QoQ; -57% YoY). By location, suburban districts continued to dominate the market, accounting for 94% of total new supply, while Secondary and The West submarkets contributed only 5% and 1%, respectively.
OFFICE MARKET
In Q3 2026, average asking rents for both Grade A and Grade B offices recorded modest increases. Grade A rents reached approximately VND 854,000 per sqm/month (+0.9% QoQ; +1.4% YoY) and Grade B rents averaged around VND 561,000 per sqm/month (+0.1% QoQ; +0.8% YoY).
INDUSTRIAL PARK
As of Q3 2026, cumulative industrial park land supply in Northern Vietnam reached 25,455 ha, up 0.9% QoQ and 7.4% YoY. Over the first nine months of 2026, the market added nearly 1,500 ha from 9 new projects, indicating that supply continued to expand at a meaningful scale while widening the range of site options available to sub-lessors.
Download the latest MarketBeat report below for more details.
