Mr. Vu Cuong Quyet, CEO of Dat Xanh Northern Region, observes that the Hanoi and Ho Chi Minh City markets have long been engaged in a dynamic race. Historically, Ho Chi Minh City has consistently taken the lead, only for Hanoi to later surge ahead, followed by Ho Chi Minh City’s recovery and renewed pursuit. This pattern of close competition has persisted since 1991–1992, driven by the cyclical nature of the market and investor capital flow trends.