Foreign investors in Vietnam keep focus on Ho Chi Minh City, Hanoi homes

IN Vietnam’s housing market, foreign investment demand continues to be concentrated in the country’s biggest cities of Ho Chi Minh City (HCMC) and Hanoi.

The bulk of the foreigners snapping up residential assets in Vietnam are based in Asia, particularly Singapore, Hong Kong, mainland China, South Korea and Japan, according to London-headquartered real estate agency chain Chestertons, which opened an office in HCMC this year.

“This is important, as regional travel will be the first to rebound while intercontinental trips will take longer to return to pre-Covid levels,”  said Chestertons Vietnam executive director Tony Picon.