Real estate consultant releases report on Vietnam as it celebrates two decades in the country.
On the occasion of celebrating 20 years of successful operations in Vietnam on May 22, Savills Vietnam released a paper on Vietnam’s socio-economic development and property development over the last two decades to mark the major milestone.
The report includes snapshots of Vietnam’s socio-economic and property development and gives an overview of the country’s GDP, FDI, overseas remittances, interest rates, tourism, and population, and provides several highlights from the property market, sector by sector.
According to the report, Vietnam’s real estate market over the last two decades has seen many changes along with fluctuations in the economy. It is still developing rapidly, however, and is more stable. Over the next five years real estate developments will see strong growth based on the development of the macro-economy, the rise of the middle class, and the diversity of supply and demand.
Mr. Neil Macgregor, Managing Director of Savills Vietnam, said that Vietnam’s real estate market has made a lot of achievements in just 20 years. These achievements, combined with the enormous potential of the Southeast Asian region and the prospects arising from emerging markets, make Vietnam a compelling location for future business. “Savills is proud to have served our clients for the last two decades and we look forward to celebrating many more milestones in Vietnam,” he said. “We commit to going the extra mile in contributing to the development of Vietnam’s property market.”