Real estate investment in Vietnam increased by 12 percent this year, compared with the year before, according to Forbes. Vietnam’s economy is growing by 6.4 percent with relocation of industry from China into Vietnam being one of the factors for the high rate of growth. As the country’s economy transitions from agrarian to industrial and services, demand for urban housing has increased. Ho Chi Minh City is the second most popular market in Asia for multifamily investment, according to the report (citing research from Urban Land Institute).

Farming was 18 percent of the Vietnamese economy in 2014 compared with 25 percent in 2000. The industrial sector’s share of the economy rose from 36 percent to 38 percent during the same time period. In 2015, the services sector made up 44 percent of the country’s economy.
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Ho Chi Minh City – Photo: Siemens

Last Updated on December 21, 2016 by Ramin Seddiq