The following is the survey of brokers in Vietnam which could be beneficial to understand the latest situation of real estate markets in Vietnam.

During June 28 to 30, 2019, Dr.Sopon Pornchokchai, President, Thai Appraisal Foundation was invited by the National Vietnam Real Estate Association (NVREA) to speak at the annual conference of the Vietnam Real Estate Brokers Association which is the association under the VNREA. The conference was held in Vietnam. Dr.Sopon conducted a survey of brokers who came from cities nationwide. There were some 400 participants; however, some 100 were interviewed.

Assessment of Vietnam Economy and Real Estate Markets

Item	2019	2020
Vietnam Economy	6.1	6.7
Vietnam Real Estate	6.4	6.8

Score: 10 = best, 1 = worst.

Agency for Real Estate Affairs, July 2019

Market Situation

For the respondents, Vietnam economy in 2019 was viewed at the score of 6.1 out of 10. This implies that the performance of the economy was above average. In 2020, the economy should be getting better. Therefore, it was viewed at 6.7.

In the case of real estate markets as a whole, it was viewed at 6.4 out of 10. It implies that the situation was quite fine. It was slightly better than the situation of the economy at large. In 2020, Vietnam real estate markets would be getting better at 6.8.

Best Sectors of Investment, 2019

Land	24%
Owner-occupied apartments	21%
Townhouses	13%
Retail spaces	12%
Detached houses	9%
Condotel	7%
Office	6%
Manufacturing	4%
Tourism	4%

Agency for Real Estate Affairs, July 2019

Best Sectors for Investment

Land was the major sector for investment where it was recognized by some 24% of the opinion. It could be observed that during the bust period in Vietnam. Investors still held land for investment. The second in the priority was owner-occupied apartments with 21%. These apartments could be put for rent for the return on investment.

Other interesting sectors include townhouses, detached houses, condotel, retail spaces, office spaces, industrial properties or manufacturing plants, tourism and the like. In the recovery period of Vietnam, a diversity of properties could be held for investment purposes.

Major Developers in Vietnam

According to this survey, Vin Group was the most acceptable developers in Vietnam with the score of 22% followed by Novaland, 16% and FLC Group 10%. There are many other salient developers such as An Gia, Hung Thinh, Sun Group, Dat Xanh Group, Kinhnghiem, Property era, Thuong Hieu and the like.

Major Developers in Vietnam

Vin group	22%
Novaland	16%
FLC Group	10%
An Gia	8%
Hung Thinh	6%
Sun Group	8%
Dat Xanh Group	4%
Kinhnghiem	4%
Property era	4%
Thuong Hieu	4%
Others	12%

Agency for Real Estate Affairs, July 2019

Most Attractive Cities for Investment

The survey results appeared in the following table:

Most Attractive Cities for Investment

HCMC	21%
Hanoi	16%
Da Nang	13%
Phan Thiết	5%
Dong Nai	5%
Phú Quốc	5%
Vũng Tàu	5%
nha trang	4%
Binh Duong	4%
Long An	4%
Quy Nhơn	4%
Tây Ninh	3%
Biên Hòa	3%
Yên Bái	3%
Others	6%

Agency for Real Estate Affairs, July 2019

HCMC was the first in the priority at 21% of the opinion of the brokers at the conference followed by Hanoi 16%, Da Nang 13%. Other cities include Phan Thiết, Dong Nai, Phú Quốc, Vũng Tàu, Nha Trang, Binh Duong, Long An, Quy Nhơm, Tây Ninh, Biên Hòa, Yên Bái and the like.

Countries of Preference to Buy

USA	19%
Australia	13%
Singapore	12%
Canada	7%
Thailand	5%
China	3%
Germany	3%
Indonesia	3%
Japan	3%
South Korea	2%
Switzerland	2%
Bhutan	2%
Cambodia	2%
Europe	2%
Finland	2%
Hong Kong	2%
Italy	2%
Myanmar	2%
Norway	2%
Philippines	2%
Poland	2%
Sweden	2%
Taiwan	2%
UK	2%
Others	6%

Agency for Real Estate Affairs, July 2019

Countries of Preference to Buy

Actually, Vietnamese investors had a variety of choices for buying property abroad. However, the largest proportion of them preferred to buy properties in the United States of American as the first in the priority (19%) followed by Australia (13%) and Singapore (12%). Then there were Canada (7%) and Thailand (5%). 

However, there were still a lot of other countries which were of interest for Vietnamese investors particularly those European countries which were accounted for 19% similar to the case of the US. These countries were Finland, Germany, Italy, Norway, Poland, Sweden, Switzerland and United Kingdom.