{"id":17249,"date":"2024-12-11T06:33:37","date_gmt":"2024-12-11T06:33:37","guid":{"rendered":"https:\/\/ktg.com.vn\/?p=17249"},"modified":"2024-12-11T06:36:17","modified_gmt":"2024-12-11T06:36:17","slug":"30-nam-thang-tram-cua-bat-dong-san-viet-nam","status":"publish","type":"post","link":"https:\/\/ktg.com.vn\/en\/30-nam-thang-tram-cua-bat-dong-san-viet-nam\/","title":{"rendered":"30 years of Vietnamese real estate: Overcoming challenges, pursuing stability"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In a comprehensive analysis presented at the Vietnam Real Estate Summit (VRES) 2024, industry experts traced the transformative journey of Vietnam's real estate market over three decades, highlighting its evolution through five distinct phases of development.<\/span><\/p>\n<h2><b>Market trajectory: Five pivotal stages<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Over the past 30 years, Vietnam's real estate sector has progressed through five critical stages:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Inception period (Pre-2009)<\/b><span style=\"font-weight: 400;\"> (Tr\u01b0\u1edbc n\u0103m 2009)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Formative years (2009-2012) <\/b><span style=\"font-weight: 400;\">(2009-2012)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Growth phase (2013-2019)<\/b><span style=\"font-weight: 400;\"> (2013-2019)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Disruption period (2020-2021)<\/b><span style=\"font-weight: 400;\"> (2020-2021)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Current challenge stage (2022-2024)<\/b><span style=\"font-weight: 400;\"> (2022-2024)<\/span><\/li>\n<\/ul>\n<h2><b>Key insights from market evolution<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Against the backdrop of Vietnam's dynamic economic landscape, the real estate market has emerged as a critical sector, reflecting the nation's economic development and investment potential. From modest beginnings to its current standing, the industry has demonstrated remarkable adaptability and resilience in the face of successive economic challenges.<\/span><\/p>\n<h3><b>Early foundations<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The market's initial period was characterized by favorable legal frameworks and macroeconomic conditions. A significant milestone was Vietnam's World Trade Organization (WTO) accession in 2007, which dramatically accelerated foreign direct investment (FDI) in real estate\u2014surging from $8.5 billion in 2007 to $23.6 billion in 2008.<\/span><\/p>\n<h3><b>Growth and transformation<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Between 2013 and 2019, the market experienced robust recovery and expansion. Major real estate developers like VinGroup, CenGroup, and Nam Long emerged, reestablishing consumer confidence through high-quality projects and introducing innovative property types such as shophouses, condotels, and officetels.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-17250 size-full\" src=\"https:\/\/ktg.com.vn\/wp-content\/uploads\/2024\/12\/bat-dong-san-1.jpg\" alt=\"30 n\u0103m th\u0103ng tr\u1ea7m c\u1ee7a b\u1ea5t \u0111\u1ed9ng s\u1ea3n Vi\u1ec7t Nam: V\u01b0\u1ee3t qua th\u00e1ch th\u1ee9c, h\u01b0\u1edbng t\u1edbi \u1ed5n \u0111\u1ecbnh\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ktg.com.vn\/wp-content\/uploads\/2024\/12\/bat-dong-san-1.jpg 1200w, https:\/\/ktg.com.vn\/wp-content\/uploads\/2024\/12\/bat-dong-san-1-300x200.jpg 300w, https:\/\/ktg.com.vn\/wp-content\/uploads\/2024\/12\/bat-dong-san-1-1024x683.jpg 1024w, https:\/\/ktg.com.vn\/wp-content\/uploads\/2024\/12\/bat-dong-san-1-768x512.jpg 768w, https:\/\/ktg.com.vn\/wp-content\/uploads\/2024\/12\/bat-dong-san-1-18x12.jpg 18w, https:\/\/ktg.com.vn\/wp-content\/uploads\/2024\/12\/bat-dong-san-1-24x16.jpg 24w, https:\/\/ktg.com.vn\/wp-content\/uploads\/2024\/12\/bat-dong-san-1-36x24.jpg 36w, https:\/\/ktg.com.vn\/wp-content\/uploads\/2024\/12\/bat-dong-san-1-48x32.jpg 48w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h3><b>Recent challenges<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Since 2022, the market has entered a challenging phase marked by macroeconomic difficulties, stringent project regulations, and limited supply. Transparency remains a significant concern, with consumers facing complexities in property selection and investment.<\/span><\/p>\n<h3><b>Expert perspective<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Bach Duong, CEO of Batdongsan.com.vn, offered a nuanced assessment: \"Vietnam's real estate market has journeyed from quantity to quality, from nascent beginnings to a mature '30-year-old' landscape\u2014more robust but still requiring navigation through existing challenges to achieve stability and refinement.\"<\/span><\/p>\n<h3><b>Future ProspectsFuture Prospects<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The market's trajectory suggests a continuous process of evolution, with emphasis on developing products and services closely aligned with consumer needs. The ongoing transformation reflects resilience and adaptability in the face of dynamic economic environments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the Vietnamese real estate market continues to mature, stakeholders remain cautiously optimistic about its potential for sustainable growth and increased market sophistication.<\/span><\/p>\n<p><strong>&gt;&gt; See more: <a href=\"https:\/\/ktg.com.vn\/en\/viet-nam-du-kien-lot-top-33-nen-kinh-te-lon-nhat\/\">Vietnam Set to Become World's 33rd Largest Economy by 2025<\/a><\/strong><\/p>\n<p><i><span style=\"font-weight: 400;\">Cre: Cafebiz<\/span><\/i><\/p>","protected":false},"excerpt":{"rendered":"<p>T\u1ea1i H\u1ed9i ngh\u1ecb B\u1ea5t \u0111\u1ed9ng s\u1ea3n Vi\u1ec7t Nam (VRES) 2024, c\u00e1c chuy\u00ean gia \u0111\u00e3 ph\u00e2n t\u00edch to\u00e0n di\u1ec7n h\u00e0nh tr\u00ecnh bi\u1ebfn \u0111\u1ed5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n Vi\u1ec7t Nam trong ba th\u1eadp k\u1ef7, n\u1ed5i b\u1eadt c\u00e1c giai \u0111o\u1ea1n ph\u00e1t tri\u1ec3n mang t\u00ednh b\u01b0\u1edbc ngo\u1eb7t. Qu\u1ef9 \u0111\u1ea1o th\u1ecb tr\u01b0\u1eddng: N\u0103m giai \u0111o\u1ea1n then ch\u1ed1t Trong [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":17250,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-17249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc"],"acf":[],"_links":{"self":[{"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/posts\/17249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/comments?post=17249"}],"version-history":[{"count":2,"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/posts\/17249\/revisions"}],"predecessor-version":[{"id":17253,"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/posts\/17249\/revisions\/17253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/media\/17250"}],"wp:attachment":[{"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/media?parent=17249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/categories?post=17249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktg.com.vn\/en\/wp-json\/wp\/v2\/tags?post=17249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}