In 2024, Vietnam will have quite impressive growth marks when GDP increases by 7.09%. Foreign direct investment (FDI) reached $38.23 billion, ranking among the 15 developing countries attracting the most FDI in the world. In 2025, Vietnam's growth target is 8%, and in the following years it will reach double digits.
Strong economic growth is the driving force behind the marked increase in the number of people within the wealthy group. A report by the global asset firm New World Wealth and investment consultant Henley & Partners shows that Vietnam is the country with the fastest growth rate of US dollar millionaires in the world, with a 98% increase in just 10 years, from 2013 to 2023. This unit also predicts that Vietnam will experience the highest asset growth in the world, with 125% in the next 10 years.
The number of wealthy people is increasing strongly, which brings prosperity to the high-end real estate sector, image 1. Figures from the New World Wealth and Henley & Partners report published in 2024.
The rapid growth of assets also causes the demand to own high-end items to increase dramatically, especially real estate. Vietnam is among the countries with the highest real estate ownership rate in the world, with 90%, higher than that of Singapore (88%), Indonesia (84%), the United States (66%) and Australia (66%).
The high demand for real estate ownership among Vietnamese people comes from the common reason of high and stable returns. In particular, in addition to investment, the wealthy also consider owning high-end real estate as a way to affirm their position.
The number of wealthy people is increasing strongly, which brings prosperity to the high-end real estate sector, image 2. Vietnam's real estate ownership rate is among the highest in the world.
The best opportunity of the decade in the western capital market
With the strong development of the economy and the speed of asset accumulation, the criteria that the wealthy establish for high-end real estate products, whether to live or invest, have become stricter. The main objective is to focus on the real values that real estate brings, from infrastructure development potential, synchronous public services, residential community, to quality of life and lifestyle.
The number of wealthy people is increasing strongly, giving rise to the luxury real estate segment, photo 3. Vinhomes branded real estate is like a super powerful black card that honors the owner's status.
That is also the reason why branded projects in Hanoi, such as Vinhomes Riverside, Vinhomes Green Bay... always maintain their attractiveness in the secondary market despite having been sold out for many years. At the time of their launch, these projects were considered new factors that led the market trend by raising the standards of the entire region with a model urban area and a comprehensive and high-level ecosystem of services and utilities. In particular, these are projects that contribute to defining an entire area by “transforming” the urban appearance and building a civilized and populated resident community. These sustainable values go hand in hand with the real estate value growth rate over time, 20 – 40% price/year.
“The name speaks for itself. These are all projects that, just by saying that you live or own a real estate property there, you will definitely receive respect and admiration from others. But most of the people who own them are not willing to sell them, so whenever a house is available, there are customers who buy it immediately. Due to high demand, many people are willing to pay high prices to own these branded products. For example, in Vinhomes Green Bay, the sale of a lakefront villa was recently announced for more than VND 1 billion/m2,” said Mr. Van Trung, a real estate broker with many years of experience in Hanoi.
In the new development phase, branded real estate continues to be the leading trend in the market. However, very few of the newly launched projects can fully meet the criteria of the wealthy. That is also the reason why all market attention is focused on the West Thang Long area, where the most anticipated project of the decade has just been launched: Vinhomes Wonder City.
The number of wealthy people is increasing strongly, which brings prosperity to the high-end real estate sector, image 4. Vinhomes Wonder City perfectly meets the real estate ownership needs of high-class residents.
By possessing the most privileged location in western Hanoi, this project directly benefits from the billion-dollar infrastructure system, such as Tay Thang Long Avenue, Thuong Cat Bridge, Hong Ha Bridge, Ring Road 3.5, Ring Road 4, Hoang Quoc Viet extended road and metro line 4. Therefore, investors consider this an ideal place to live and, at the same time, the most suitable destination to welcome the new real estate market cycle.
In Vinhomes Wonder City, a city of fashionable experiences created by an all-in-one ecosystem, which includes 99 diverse and elegant public services and a diverse system of green spaces. The metropolis's construction density is only 26.7% and the area destined for trees and water surface reaches 24.9 hectares. In addition to this, there is a chain of 19-hectare parks, three large squares of almost 10,000 m2, a golf course complex of more than 4,000 m2... These high-class amenities provide a high-class and completely different standard of living, which is what the wealthy in the West always aspire to have.
The number of wealthy people is increasing strongly, which brings prosperity to the high-end real estate sector, image 5. Vinhomes Wonder City offers the most elegant living space in the west of the capital.
In particular, Vinhomes Wonder City's unique product planning will also change the quality of life in the area. Consequently, almost 100% of the project's low-rise products have a frontage of 8 m or more; 100% have back gardens of about 20 – 30m2 and are designed with modern architecture.
The unique and classy values have made Vinhomes Wonder City the center of the real estate market in early 2025. Combined with a limited number of products, just over 2,200 low-rise apartments, this masterpiece has opened a race for ownership, in which victory is only reserved for customers who know how to quickly take advantage of the best opportunity of the decade in the western capital market.
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