HANOI, VIETNAM - The Vietnamese real estate market is witnessing a robust recovery, making it increasingly appealing to both local and international investors. Vinhomes has emerged as a pivotal player in this resurgence, setting new benchmarks with its innovative developments.
In the first five months of 2024, foreign direct investment (FDI) in Vietnam's real estate sector reached nearly USD 1.98 billion, marking a 70.8% increase compared to the same period last year. This surge positions real estate as the second most attractive sector after manufacturing, accounting for 17.9% of total registered investment.
Vinhomes has rapidly developed high-end residential and commercial projects, including Vinhomes Ocean Park 2 and 3, which are among the first to benefit from new regulations allowing foreign ownership of residential properties. The company reported a remarkable consolidated net revenue of nearly VND 104 trillion (approx. USD 4.5 billion) in 2023, a 66% increase from the previous year.
With a focus on creating sustainable, people-centered urban areas, Vinhomes is committed to achieving Net Zero carbon emissions and enhancing the quality of life for residents. This commitment is reflected in the development of green transportation infrastructure and community-centric living spaces.
As Vinhomes continues to innovate and expand, it stands out as a beacon of excellence in Vietnam's real estate sector, promising long-term value for investors.