VIETNAM REAL ESTATE INDUSTRY REPORT 2021

In Mar 2021, Real Estate Industry Report was published by VietnamCredit, providing the general information about Vietnam's economic situation, overview of the real estate industry and key ratios in 2020. Especially, ten outstanding enterprises in real estate industry based on company scale, credit rating and business performance in 2020 were selected by VietnamCredit and presented in the report.

The outbreak of Covid-19 pandemic posed adverse impact on real estate market in first months of 2020. There was a sign of recovery in latest months but it was not actually significant. Among real estate products, tourism real estate seemed to be most vulner- able to unfavorable market conditions. Meanwhile, industrial real estate benefited from relocating production from foreign countries. In Ho Chi Minh market, the short- age of affordable houses evoked impediments for low – income consumers. In Ha Noi market, the absorption rate for residential real estate was about half of the supplies.

According to real estate experts, real estate market is expected to bounce back in upcoming time. Vietnam consistently obtains government’s dual goals of pandemic prevention and economic recovery. Therefore, the growth of macro – economics fac- tors are quite stable. Although there are concerns about "Real Estate Bubble in the market", the likelihood of this scenario is low. In spite of high price, real estate is still an attractive investment channel in the current economic and social context.

TABLE OF CONTENTS

1. Vietnam Economic Situation

1.1. Economic Growth
1.2. Trade and Prices
1.3. Realized Capital, State Budget Revenue and Expenditure 1.4. Imports and Exports
1.5. Establishment and dissolution of enterprises

2. Vietnam Real Estate Industry

2.1. Vietnam Real Estate industry Overview
2.2. Ho Chi Minh Real Estate market
2.3. Ha Noi Real Estate market
2.4. Opportunities, Challenges and Industry Forecasts
2.5. Key financial indicators in Vietnam Real Estate Industry 2.6. Real Estate Industry Average Financial Ratios 2020

3. 10 outstanding companies in Vietnam Real Estate Industry

LIST OF DIAGRAM

Diagram 2.1.1: Basic real estate value chain

LIST OF TABLES

Table 1.1.1: 2020 GDP growth by sector at constant 2010 prices (%)

Table 2.1.1: Some M&A deals in real estate industry in 2020
Table 2.1.2: Registered FDI in real estate
Table 2.1.3: Some of large corporation’s factory construction projects 

Table 2.1.4: The summary of key laws in real estate industry

Table 2.2.1: Number of housing projects by segments in Ho Chi Minh City 

Table 2.6.1: Vietnam Real Estate Industry average financial ratios 2020

LIST OF GRAPH

Graph 1.2.1: Producer price index growth by sector in 5 recent quarters

LIST OF CHART

Chart 1.1.1: 2011-2020 Vietnam GDP Growth Rate at constant 2010 prices (%)
Chart 1.2.1: 2016-2020 Total and Retail sales of consumer goods and services at current prices
Chart 1.2.2: 2011-2020 GDP Growth, CPI and Inflation (Last year = 100)
Chart 1.2.3: 2016-2020 Commodity terms of trade growth rate (%) (previous year =100)
Chart 1.3.1: 2016-2020 Growth rate and structure of social investment capital
Chart 1.4.1: 2011-2020 Import-export turnover and trade balance of goods (USD billion)
Chart 1.5.1: Enterprise Establishment in 2020 (compared to 2019)
Chart 2.1.1: Total products offered and transactions by segments for residential projects in 2020
Chart 2.1.2: New products offered by big cities for residential projects in period of 2018 – 2020
Chart 2.2.1: Total products offered and transactions by segments for residential projects of Ho Chi Minh market in 2020
Chart 2.2.2: Absorption rate of new apartments of Ho Chi Minh market in period of 2018 – 2020 Chart 2.2.3: The proportion of housing projects by segments in Ho Chi Minh market for period of 2019 – 2020
Chart 2.3.1: Total products offered and transactions by segments for residential projects of Ha Noi market in 2020
Chart 2.3.2: The number of new products and transactions for residential projects of Ha Noi market for period of 2017 – 2020
Chart 2.3.3: Price trends by apartment segments in Ha Noi market
Chart 2.3.4: Absorption rate of new apartments of Ha Noi market in period of 2017 - 2020
Chart 2.5.1: Some key financial accounts for typical real estate companies in 2020
Chart 2.5.2: The proportion of key financial accounts in total assets for typical real estate companies in 2020

KHANG DIEN HOUSE TRADING AND INVESTMENT JOINT STOCK COMPANY

NAM LONG INVESTMENT CORPORATION

PHAT DAT REAL ESTATE DEVELOPMENT CORP

VINHOMES JOINT STOCK COMPANY

NO VA LAND INVESTMENT GROUP CORPORATION

HA DO GROUP JOINT STOCK COMPANY

SAI GON VRG INVESTMENT CORPORATION

VIET NAM CONSTRUCTION AND IMPORT - EXPORT JOINT STOCK CORPORATION

INVESTMENT AND INDUSTRIAL DEVELOPMENT JOINT STOCK CORPORATION

VIGLACERA CORPORATION - JSC