Business News

Vietnam has set an ambitious GDP growth target of 8.3–8.5% for 2025, expected to drive strong momentum across the green economy, digital economy, and digital transformation, particularly in mergers and acquisitions (M&A). The “Emerging Real Estate Trends in Vietnam 2025” report, recently released by Indochina Strategic—the real estate advisory arm of Indochina Capital (ICC)—highlights 10 emerging trends shaping Vietnam’s real estate M&A market.

Việt Nam’s industrial property market is heating up as foreign investors pour billions of dollars into factories, warehouses and ready-built facilities, driven by accelerating supply chain shifts and a new surge of global capital. Foreign direct investment (FDI) into Việt Nam hit US$26.1 billion in the first eight months, up more than 27 per cent from a year earlier, according to the General Statistics Office.

Foreign investors continue to show strong interest in Việt Nam, with foreign investments in the first seven months up more than 27 per cent on-year despite geopolitical uncertainties and trade tensions. A recent highlight is ExxonMobil, the American oil and gas giant, conducting a site survey in the Nam Vân Phong area to explore investment opportunities.

Mega industrial hubs are taking shape in Việt Nam following a historic administrative overhaul, at the heart of which are landmark mergers including Bắc Giang with Bắc Ninh in the north and Bình Dương and Bà Rịa – Vũng Tàu with HCM City in the south. Beyond its administrative significance, the merger creates a development space that is broader, more sustainable and more comprehensive, and forms cohesive industrial powerhouses which are expected to propel Việt Nam to sustained double-digit growth in the new era.

The real estate market has heated up since early 2025, with major mergers and acquisitions (M&A) driven by investors from Japan, South Korea, and Singapore, alongside rising capital inflows from the U.S. and Europe. Specifically, CapitaLand spent US$553 million acquiring a project in the former province of Binh Duong (now HCMC) from Becamex IDC, according to the Vietnam News Agency.

State-owned enterprises (SOEs) are now permitted to invest in real estate, decide their own salary and bonus policies and manage asset transactions, as clarified by the Law on Management and Investment of State Capital in Enterprises, effective August 1. According to the 2025 law passed by the National Assembly, SOEs are allowed to conduct business activities in line with legal regulations and the State's directives as the owner, which are outlined in the company's charter and development strategy.

The HCM City real estate market is showing early signs of recovery, with new supply prospects boosted by streamlined legal procedures and lower bank lending rates, according to the Department of Construction. City authorities have made coordinated efforts to remove obstacles and revive delayed projects. A report by the department showed that 14 housing projects were approved in the second quarter of the year, including nine commercial, one social and three subject to land use right auctions.

Over the past two decades, industrial parks have become one of Vietnam’s key economic growth drivers. To date, more than 400 IPs have been planned nationwide, with over 380 already in operation. These IPs have attracted hundreds of billions of USD in investment capital, created millions of jobs, and contributed substantially to Vietnam’s industrialization and modernization.