Who will lead the real estate market in 2017?

Vingroup, Novaland, FLC and SunGroup are expected to continue to lead the property market in 2017. They are all big players in the real estate market, but each of them follows its own way.
  • JLL: Vietnam's real estate to continue developing
  • Vietnam real estate in good shape for 2017
  • Real estate market heats up thanks to remittance flow
  • Foreign giants interested in Vietnamese real estate

Vingroup jumps into all market segments

The firm reported a sharp increase of 80 percent in revenue from real estate transfers in 2016, at VND38 trillion.

Nam Ha Noi Urban Development, a subsidiary of Vingroup, in the fourth quarter of 2016, delivered high-end apartments at Park Hill project in Times City urban area and earned VND9 trillion.

Not only providing high-end apartments, luxury villas and expensive resorts, Vingroup has recently announced it will also provide apartments at reasonable costs when kicking off the VinCity project. The apartments of the projects would be priced from VND700 million only.

Novaland with focus on mid- and high-end apartments

Novaland is the second-largest real estate enterprise in the stock market in terms of capitalization value.

In the last two years, Novaland has wrapped up a series of M&A deals to take over the projects in the central business districts of HCMC. With the deals, the enterprise’s land fund at 40 projects has reached 9.8 million square meters.

Novaland is also moving ahead with a plan to implement 11 projects with total floor areas of 4.1 million square meters. According to Savills, the total value of the 11 projects is VND25.6 trillion.

Novaland catches the public’s special attention not only with its large land fund, but also with its own way of sales. Unlike other developers who rely on distributors, Novaland develops its own sales network.

The real estate developer reported revenue of VND7.4 trillion in 2016 and net profit of VND1.7 trillion, which was four times higher than in 2015.


FLC focuses on resorts and golf courses

Well known for its high-rise buildings and houses in Hanoi, including the twin tower at No 265 Cau Giay and FLC Complex at No 36 Pham Hung, FLC in recent years has focused on developing high-end resorts.

FLC developed high-end resorts can be found throughout Vietnam. An analyst estimates that the projects are capitalized at over VND70 trillion. These include FLC Sam Sơn Beach & Golf Resort, FLC Quy Nhon Beach & Golf Resort, FLC Vinh Thinh Resort and FLC Ha Long Resort.

Sungroup gathers strength on resorts and cable car projects

Sungroup does not list it shares on the bourse like the other three big firms, but it is still a well known name to Vietnamese.

Sungroup’s projects are mostly in thevhigh-end resort tourism sector, such as Premier Village Da nang Resort, Premier Village Phu Quoc Resort and Intercontinental Da Nang Sun Peninsula Resort.

Vietnamnet

Other News

A view of a container port in Singapore. (File photo: Xinhua/VNA)

Vietnam-Singapore trade cooperation gains fresh momentum

Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.

Vietnamese products make strong impression at Foodservice Australia 2026

Vietnamese products make strong impression at Foodservice Australia 2026

International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.

Digital technology helps standardise supply chains, sustain export competitiveness

Digital technology helps standardise supply chains, sustain export competitiveness

Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.

Vietnam seen as attractive investment destination for 2026–2035

Vietnam seen as attractive investment destination for 2026–2035

The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.

Eco-industrial parks seen as catalyst for higher-quality FDI

Eco-industrial parks seen as catalyst for higher-quality FDI

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.

Hanoi proposes subsidies to accelerate shift to electric vehicles

Hanoi proposes subsidies to accelerate shift to electric vehicles

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.