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
In Q2 2025, HCMC’s retail market had no new projects, keeping total supply at 1.2 million sqm, up 6.26% YoY, with 93.6% occupancy boosted by international and local brand expansions. Average rent was 53.36 USD/sqm/month, slightly down from previous periods. About 38,000 sqm of new space is expected in 2025 and 80,000 sqm by 2028, mainly in the CBD, led by Marina Central Tower and Lancaster Legacy, catering to rising demand from tourists and premium brands.
RESIDENTIAL MARKET
In Q2 2025, HCMC launched around 2,800 high-end apartments, up 17 percent quarter on quarter, with 2,642 units sold, rising 124 percent from Q1, while prices increased 2.5 percent quarter on quarter and 34 percent year on year; the landed segment had no new supply, only 61 units sold mainly in the West, with average price at 12,277 USD per sqm, and market recovery expected from 2026 thanks to legal reforms and renewed developer activity.
OFFICE MARKET
In Q2 2025, HCMC’s office market added over 5,500 sqm from a new Grade B project, raising total supply to 1.64 million sqm, with occupancy slightly down as demand shifted to fringe areas offering lower rents, while nearly 290,000 sqm of new space is expected by 2027 in Thu Duc, District 7, and District 1, driven by tech, pharma, banking, and high-tech sectors.
INDUSTRIAL PARK
In Q2 2025, Southern Vietnam’s industrial land supply rose by over 1,000 hectares to 29,255 hectares with average rent at 179 USD per sqm, while Long An and Ba Ria – Vung Tau led absorption; the ready-built factory segment saw no new supply but absorbed 172,000 sqm, and the warehouse segment added 40,000 sqm with 85,000 sqm absorbed, as strong outlook continues thanks to infrastructure upgrades, administrative mergers, and manufacturing shifts to the South.
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