Marc Townsend News Today

Vietnam in 2023 could be most remembered for strengthening cross-border ties, pushing through new laws, or taking action to weather the storms created by trade issues, geopolitical conflict, inflation, and the post-pandemic landscape.

Despite fluctuations expecting to continue in the Vietnamese real estate market for some months, industry analysts are quietly optimistic that 2024 will mark a turning point for a new cycle of recovery and development.

Avison Young is expanding its Asia-Pacific reach into the Southeast Asian market by recruiting 100 industry experts in Ho Chi Minh City and Hanoi.

Marc Townsend, senior advisor at Arcadia Consulting Vietnam, has spoken about his assessment of foreign investors’ sentiment towards the Vietnamese market.

The Vietnamese real estate market is proving attractive to foreign investors and funds despite the turmoil that domestic real estate investors are grappling with over projects lacking legitimacy, capital, and liquidity.

Although the global economic picture of 2023 is expected to face a series of conflicts, foreign direct investment in real estate is still expected to prosper.