Vietnamese Real Estate Market Poised for Recovery
Economic statistics for the first five months of 2025 from the General Statistics Office show a definite positive trend, with steady growth each month. FDI registered an increase of 51.2%, reaching an estimated $18.39 billion, while realized FDI increased by 7.9%. International visitors reached 9.2 million, a 21.3% increase compared to the same period last year. Total retail sales of goods and consumer services increased by 9.7%, reaching approximately VND 2,851 billion.
In tandem with the economic recovery, the Vietnamese real estate market is also showing signs of revival after a stagnant period. In the first five months, there was a growth in the number of newly established real estate enterprises and those returning to operation. Specifically, there were 2,064 newly registered enterprises (up 13%) and 2,123 enterprises returning to operation (up 39%) compared to the same period in 2024.
Notably, according to Batdongsan.com.vn, the level of interest in real estate is on a clear recovery path, especially since Q1/2023. Moreover, the macro environment continues to provide favorable conditions for market recovery. In 2025, credit growth is expected to reach 16%, while lending rates for real estate continue to decrease, improving capital accessibility and boosting demand for buying, investing, and living.
Additionally, the enactment of new laws such as the Land Law, Housing Law, and Real Estate Business Law is expected to create a more transparent legal framework, attract investment, and professionalize the market.
In this context, the PropertyGuru Vietnam Property Awards continues its mission of honoring pioneering enterprises, promoting quality, and innovation in the industry. This year’s edition carries a special significance with the introduction of a completely new category, “People’s Choice Awards,” a first for Vietnam within the PropertyGuru Awards framework.
This category allows consumers to directly participate in voting and honoring investors highly regarded for customer satisfaction, brand reputation, and project quality. The registration portal is open until August 22, 2025, at asiapropertyawards.com.
The addition of this category is expected to create a direct link between enterprises and customers—those who directly experience the products and services in the market. This also reflects the consumer-centric trend in modern real estate development.
Introduction of New Award Categories
Along with the “People’s Choice Awards,” this 11th season also features an array of new categories. Qualified enterprises can participate in the following new categories:
Best Luxury Condo Development (Greater Ho Chi Minh City) – Outstanding luxury condominium development in the Greater Ho Chi Minh City area
Best High-End Condo Development (Greater Ho Chi Minh City) – Outstanding high-end condominium development in the Greater Ho Chi Minh City area
Best Mid-End Condo Development (Greater Ho Chi Minh City) – Outstanding mid-range condominium development in the Greater Ho Chi Minh City area
Best Affordable Condo Development (Greater Ho Chi Minh City) – Outstanding affordable condominium development in the Greater Ho Chi Minh City area
Best Luxury Housing Development (Greater Ho Chi Minh City) – Outstanding luxury housing development in the Greater Ho Chi Minh City area
Best Townhouse Development – Outstanding townhouse project
Best Townhouse Architectural Design – Outstanding architectural design for townhouses
Best Townhouse Interior Design – Outstanding interior design for townhouses
Best Townhouse Landscape Design – Outstanding landscape design for townhouses
Best Senior Living Development – Outstanding senior living community
Best Coastal Mega Township Development – Outstanding large-scale coastal township development
Best Golf Course View Condo Development – Outstanding condominium development with golf course views
Best Golf Course View Housing Development – Outstanding housing development with golf course views
Best Co-Living Space – Exemplary co-living space model
Best Multi-Sector Developer – Outstanding developer with a diverse range of projects
Press conference launching the PropertyGuru Vietnam Property Awards in April 2025
These entirely new categories for this year are built upon the success of the “People’s Choice Awards” previously implemented in Malaysia and Thailand. The expansion of the awards system also follows the memorable milestone of the 10th season in 2024, which not only honored outstanding achievements of the year but also specially recognized the “Developers of the Decade.”
The PropertyGuru Vietnam Property Awards 2025 will be conducted with the following key dates:
August 22, 2025: Registration closes
September 1–18, 2025: Project judging
September 22, 2025: Final assessment of projects
September 22 – October 3, 2025: Voting period for “People’s Choice Awards” opens
October 24, 2025: Gala Night and Awards Ceremony in Ho Chi Minh City
December 12, 2025: Asia Property Awards Grand Final in Bangkok, Thailand
The entries will be evaluated by an independent panel of industry experts. The selection process will be supervised by HLB, a global network of audit and advisory firms, to ensure transparency and fairness. Notably, HLB will also be responsible for auditing the results of the “People’s Choice Awards.”
The winners of the PropertyGuru Vietnam Property Awards will advance to the regional finals, the 20th PropertyGuru Asia Property Awards, held in December 2025 in Bangkok, Thailand. This event gathers Asia’s leading real estate developers, offering opportunities for networking, connections, and affirmation in the international market.
Over the past decade, the PropertyGuru Vietnam Property Awards has continuously expanded and elevated its presence, contributing to the enhancement of real estate development standards in Vietnam. The 11th year promises to be another memorable milestone, where values of creativity, sustainability, and customer centricity will be strongly promoted.
