Property developers in Vietnam strive to cater to the preferences of potential buyers and offer real estate aimed at different budgets. On the market, you can find both properties offered at an affordable price and premium projects with exclusive amenities. Active development allows you to choose housing in different regions of the country.
Content:
- Largest construction companies in Vietnam
- Top 10 construction companies
- How to choose the right developer
- Choose property in Vietnam with us!
Vietnam is becoming an increasingly popular tourist destination. With the growing numbers of tourists, housing here is gaining popularity. More and more overseas buyers are considering property in Vietnam as an investment asset or an affordable option for a seasonal holiday or relocation. In the country, you can find both completed and off-plan complexes. Some developers offer properties with a guaranteed income programme. It allows you to rent out an apartment or villa long-term and receive a stable profit.
The cost of apartments and houses in the republic is significantly lower than in cities in Europe and the US. What’s more, apartments at the start of sales are much cheaper than at the time of delivery. All that remains is to figure out how to choose a builder in Vietnam and then begin to search for a specific project that will meet all the requirements of the future owner.
Largest construction companies in Vietnam
Vietnam has risen to prominence as a growth driver in East Asia, becoming increasingly attractive to foreign investors. It is currently undergoing transformation. The reforms have turned the country’s economy into one of the fastest growing in the world. Vietnam’s construction market was worth $23.1 billion in 2022 and continues to grow in 2024. According to the market share report for 2022 and 2023 from the Mordor Intelligence expert advisors, these are the biggest real estate companies in the country:
- Song Da Corp JSC;
- COFICO;
- Hoa Binh Construction Group JSC;
- Coteccons Construction JSC;
- Visicons Construction and Investment JSC.
The reliability of developers is determined by the volume of assets that allow them to implement current projects using their own rather than borrowed funds. This protects buyers from any risks while construction is underway.
Top 10 construction companies
The republic’s economy and real estate market are rapidly developing, so there are quite a lot of construction companies. Below are the largest and most popular property developers whose projects are in demand:
- Hoa Binh Construction Group is a company founded in 1987. It has successfully completed residential and social projects throughout the country. The holding also operates in Malaysia and Myanmar. It is a 7-time winner of the National Brand award.
- Coteccons Construction is a developer that has received many prestigious certificates and awards, ranked as one of the Best Performing Companies and Best Places To Work. The organisation is engaged in residential and commercial construction.
- Delta Construction Company was founded in 1993 and currently has 12 subsidiaries engaged in the development of residential buildings, hotels, and social facilities. One of the brand’s major projects is the Dan Tan eco-tourism area.
- Newtecons was founded in 2003. Its prominent projects include Vinhomes Central Park 3 and Big C Ha Long. The developer also builds premium apartments.
- CC1 is an international holding company. In the more than 40 years since its founding, the company has grown from a small enterprise into a prestigious and influential contractor. All projects by the group were completed in a short time and are of high quality. Major recent developments include Sailing Tower and Happy City.
- Obayashi Vietnam Co., Ltd. is known for its residential, commercial, and industrial projects. Among them are Tan Son Nhat International Airport, Aeon Mall, and Thanh Tri Bridge.
- Thai Son Co., Ltd. has been in the industry since 2006. The company not only implements turnkey residential projects but is also active in environmental protection, strives to use alternative energy sources, and is engaged in waste recycling.
- Faros Construction is a convergence of leading engineers and architects in the industry and qualified workers with more than 7 years of experience. Faros has been praised for the quality and aesthetics of its completed projects.
- Hung Thinh Incons is a company active in tourist areas. It has completed thousands of projects, including Saigon Riverside, Richmond Quy Nhon, and New Galaxy Nha Trang.
- Ricons Construction Investment is a developer operating since 2004. Its areas of expertise include real estate investment, project consulting, construction, and installation.
How to choose the right developer
Choosing a reliable property developer building apartments and villas in Vietnam is easy. To do this, you need to take into account several main factors:
- Check the company’s reputation. It is worth paying attention not only to its date of foundation but also to the number of completed projects. It is advisable to study reviews from residents who have already assessed the quality of houses and apartments from the inside. The internet and social networks will help you with this, where you can get real, not advertising, information on forums or in groups of specific condominiums.
- Research how fast apartments in the developer’s buildings are sold. As a rule, the higher the demand, the better the quality of housing. Interest in the developer’s projects from local residents also speaks to its respectability.
- Use the services of a professional broker. The ins and outs of local legislation make it somewhat difficult to independently search for a suitable property and close a deal. Qualified assistance will make your purchase safe.
Basic recommendations for picking the best real estate developer can be adapted for any country. The larger the assets and the better the business reputation, the more secure the cooperation with the developer.
Choose property in Vietnam with us!
The website offers listings for completed and off-plan properties from developers and local agencies. The database is regularly updated and contains only current information. The search system is equipped with filters, thanks to which you can select the type of property you are interested in, region, and price range. Prices are available in euros and dollars. Specialists will be happy to advise on the choice of real estate from a specific developer. Start your search for a villa or apartment in Vietnam right now so as not to miss the most lucrative offers!