Top 10 Property Developers in Vietnam: A Complete Guide

Do you plan to buy property in Vietnam?
Click here to get in touch with an experienced agent

Vietnam captures many headlines in the media and opened up to foreign investors as late as 2015.

Here, you’re able to buy units from commercial projects on the primary market. This is often not a big issue, in the end of the day, foreigners mostly look for new or off-plan condos in places like Ho Chi Minh and Da Nang.

If you buy off-plan, it’s important that you know about what real estate developers that operate in the market. In this article, I’ve listed some of the biggest and most popular property developers that operate in Vietnam.

1. Dat Xanh Group

Founded in 2003, Dat Xanh Group is headquartered in Ho Chi Minh City, a company that’s been ranked as one of the best developers in Vietnam.

The company owns one of the largest real estate companies in Vietnam, the Dat Xanh Real Estate Service & Consultation JSC. They develop both residential and commercial projects and offer other real estate services, like distribution of properties, brokerage, and real estate consultancy services.

Property types

You can buy a number of different property types, including apartments, housing projects (townhouses), land and villas. In addition to residential projects, Dat Xanh Group also develops commercial, office, and leisure properties.

Projects

• Sunview Town
• Sunview 1
• Sunview 2
• Phu Gia Hung
• Lux City
• Opal Garden
• Opal Riverside
• Lux Garden
• Opal Skyview
• Gold Hill

Prices & areas

• The price of an apartment in the Sunview Town in Ho Chi Minh City is around USD 43,000

• The price of an apartment in the Opal Riverside in Ho Chi Minh City is around USD 70,000

• The price of a townhouse in the Gold Hill Center in Dong Nai is around USD USD 22,000

2. FLC Group

Founded in 2008, FLC Group is one of the biggest real estate companies in Vietnam and headquartered in Hanoi. The company owns several subsidiaries working in real estate, finance, education, media, mining, technology, aviation, and other sectors.

The real estate arm of the company is FLC Group JSC.

FLC Group has been ranked as one of the best developers in Vietnam, by BCI Asia Top 10 Real Estate Developer Awards. It’s also been included as a top 10 prestigious developer in Vietnam, by the Vietnam Report Joint Stock.

Property types

FLC Group develops all kinds of properties, including residential projects, commercial centers, resorts, and hotels.

Their residential projects include both high rise apartments buildings like FLC Green Home and housing projects like FLC Ecohouse Long Bien.

Projects

• FLC Twin Towers
• FLC Stars Tower
• FLC Samson Residences
• FLC Complex Pham Hung
• FLC Complex Thanh Hoa
• FLC Ecohouse Long Bien
• FLC Green Home
• Chan Hung Industrial Zone

Prices & areas

• The price of a townhouse in the FLC Residences Samson in Thanh Hoa is around USD 57,000

• The price of an apartment in the FLC Urban Garden City in Hanoi is around USD 42,000

3. Vingroup

Founded in 1993 and headquartered in Hanoi, Vingroup is one of the biggest business groups in Vietnam, having dozens of subsidiaries working in different fields. The subsidiaries working in the real estate sector are Vinhomes, VinPearl, Vinpearl Land, Vinmec, and a few more.

In addition to real estate, Vingroup has subsidiaries working in retail, commerce, healthcare, education, agriculture, heavy industry, and many other industries. Worth mentioning is that they also own more than 1,000 supermarkets nationwide.

The owner of the Vingroup is Pham Nhat Vuong, currently the richest person in Vietnam according to recent Forbes rankings.

Vingroup has been ranked as a top 10 prestigious property developer, by the Vietnam Report Joint Stock Company. In addition, it was rated as the best developer in Vietnam by Euromoney Magazine.

Property types

Vingroup has the most diversified portfolio among the top developers in Vietnam. They’ve developed high-end residential properties (including apartments and houses), superstores, hotels, resorts, and dozens of shopping malls.

Projects

• Vincom
• Vinpearl
• Multiple Vinhomes projects
• VinCity
• Vinhomes Central Park (Vingroup’s largest project so far, worth USD 1.5 billion and includes 81-story building

Prices & areas

• The price of an apartment in the Vinhomes Royal City in Hanoi is around USD 92,000

• The price of an apartment in the Vinhomes Dong Khoi in Ho Chi Minh City is around USD 200,000

• The price of an apartment in Vinhomes Gardenia in Hanoi is around USD 70,000

4. CapitaLand Vietnam

In 2017, CapitaLand broke its own 22 years old record by winning 11 awards, including “the best developer in Vietnam”, from Propertyguru Vietnam Property Awards.

CapitaLand is one of the most recognized property developers in Asia and based in Singapore. Still, they develop property in 30 countries around the globe. They mostly focus on the Chinese market but have developed several new projects in Vietnam in the last years.

Property types

CapitaLand has an impressive portfolio with projects worth more than USD 85 billion. They develop everything from shopping malls, integrated and mixed-use projects, housing projects, serviced apartments, commercial property, and leisure properties.

So far, they’ve completed 10 residential projects in Vietnam, all of these projects are high rise apartment buildings.

Projects

• Vista Verde
• Seasons Avenue
• The Vista
• Mulberry Lane
• Seasons Avenue (Winner of the Best High End Condo Development 2017 by Asia Property Awards)
• Dimension
• d’Edge Thao Dien
• Feliz en Vista

Prices & areas

• The price of an apartment in The Vista in Ho Chi Minh City is around USD 190,000

• The price of an apartment in The Krista in Ho Chi Minh City is around USD 123,000

5. Hung Thinh Real Estate Business Investment Corporation

Hung Thinh Real Estate Business Investment Corporation is a real estate development arm of Hung Thinh Corp. It was ranked as the third best property developer in Vietnam in 2017, by BCI Asia Top 10 Awards.

Hung Thinh Corp. is based in Ho Chi Minh City and was founded in 2002. It was formerly known as Dong Tien Trading Investment Advisory Services Co., Ltd.

It currently owns 18 real estate brands and employs over 2,000 people. Some of the subsidiaries include Hung Thinh Land, Hung Thinh Icons, Prowind Architecture, Nam Hung Thinh Housing, and more.

Property types

Hung Thinh Real Estate Corp. mostly focuses on residential projects. You can find housing projects, villas, and high-end luxury apartments built by the company.

They also sell land & house packages in different projects, like La Residence Hung Thinh.

Projects

• Saigon Mystery Villas
• Sentosa Villas
• Lavita Charm
• Cam Ranh Mystery Villas
• Citizen. TS
• Moonlight Parkview
• Richmond City
• Moonlight Residences
• Saigon Mia
• 9View Apartment

Prices & areas

• The price of an apartment in Vung Tau Melody in Ho Chi Minh City is around USD 43,000

• The price of an apartment in Melody Residences in Ho Chi Minh City is around USD 61,000

• The price of an apartment in the Rainbow 8X in Ho Chi Minh City is around USD 50,000

6. NovaLand

Novaland is one of the largest property developers in Vietnam. It’s won different awards from Asia Property Awards and been listed as one of the top 10 prestigious property developers, by the Vietnam Report Joint Stock Company.

Novaland is headquartered in Ho Chi Minh City and was founded in 1992. The company is currently headed by Bui Thanh Nhon. They’ve developed more than 30 residential projects so far. The company is a subsidiary of Nova Group that also owns Anova Corporation.

Property types

Novaland develops a wide range of property types that include commercial, residential properties, hotels, and resorts.

Their residential projects include townhouses, apartments, serviced apartments and model houses.

Projects

• Madison
• Richstar
• Sunrise City
• Lucky Dragon
• The Botanica
• Newton Residence
• Saigon Royal Residence
• Botanica Premier
• Lakeview City
• Harbor City

Prices & areas

• The price of a villa in their upcoming Lakeview City in Ho Chi Minh City is around USD 260,000

• The price of an apartment in the Sun Avenue in Ho Chi Minh City is around USD 250,000

• The price of an apartment in the Richstar in Ho Chi Minh City is around USD 60,000

7. Phat Dat Real Estate Development Corporation

Phat Dat Real Estate Development Corporation is another well-known and big property developer in Vietnam. It was founded in 2004 and has completed dozens of commercial and residential projects in Vietnam. The headquarter is based in Ho Chi Minh City.

Property types

Phat Dat develops townhouses residential projects, apartments, hotels, luxury resorts, penthouses, other commercial projects, and high rise office buildings. They have an impressive portfolio, allowing you to invest in different types of properties.

Projects

• The Westin Resort & Spa
• Millenium
• The EverRich 1 and 2
• RiverCity
• The EverRich 3 and 4
• The EverRich Infinity

Prices & areas

• The price of a condo in the EverRich II in Ho Chi Minh City is around USD 61,000

8. Phu My Hung

Phu My Hung Development Corporation is a well recognized developer and one of the largest property developers in Vietnam. It was founded in 1993 and works as a subsidiary of CT&D Group.

Phu My Hung has completed dozens of residential projects so far. The company was first established to build an urban city under the same name, Phu My Hung, with the Vietnam-Taiwan joint venture.

They are known for their large scale projects.

Property types

Phu My Hung develops mostly residential projects that include housing projects with luxurious villas and townhouses, and high-rise condo and apartment buildings.

Projects

• Scenic Valley
• Happy Valley
• Sky Garden 3
• My Van 2
• Riverside Residence
• Phu My Hung Midtown – The Signature
• Nam Phuc – Le Jardin
• Scenic Valley 2
• Hung Phuc – Happy Residence
• Saigon South Residences
• Riverpark Premier

Prices & areas

• The price of an apartment in Sky Garden 1 in Ho Chi Minh City is around USD 53,000

• The price of an apartment in the Happy Valley in Ho Chi Minh City is around USD 180,000

9. Nam Long Investment Corporation

Nam Long Investment Corporation is an award winning developer from Vietnam. It won in the category “the best developer award in 2016”, at Asia Property Awards.

The company established in 1992 and owns more than a dozen subsidiaries. The head office of the company is based in Ho Chi Minh city and the chairman of the company is Nguyen Xuan Quang.

Property types

NLDC develops all kinds of properties, including include townhouses, villas, apartments, serviced apartments, resorts, schools, hospitals, and other urban city development projects.

Projects

• Valora Fuji
• Capital Tower
• Camellia – Villa
• Flora Kikyo
• Flora Fuji
• Ehomes
• Flora Series (Anh Dao)
• Valora Series

Prices & areas

• The price of an apartment in Valora Fuji is around USD 260,000

• The price of an apartment in Falore Fuji in Ho Chi Minh City is around USD 43,000

• The price of a townhouse in Camellia in Ho Chi Minh City is around USD 100,000

10. Sun Group

Sun Group is a big property developer in Vietnam and known for its high-end leisure and travel properties. Sun Group was included in the top 10 property developers in Vietnam in 2017, by BCI Asia Top 10 Awards.

They develop residential properties, recreational projects, and resorts. The company was first established in 1998 in Ukraine by a group of Vietnamese friends. In 2007, Sun Group started developing projects in Vietnam.

Property types

Most of the projects by Sun Group are luxury resorts or other entertainment, leisure, and travel properties like cable cars, hotels, parks, etc.

The company is gradually shifting towards mega residential projects.

Projects

• Sun Grand City Thuy Khue Residence
• Sun Premier Village Kem Beach Resorts
• Sun Grand City Ancora Residence
• Sun Premier Village Ha Long Bay

Prices & areas

• The price of a resort in Sun Premier Village Kem Beach Resorts in Kien Giang is USD 700,000

11. Tan Hoang Minh Group

Tan Hoang Minh Group has been named as one of the top property developers by Dotproperty.com and is based in Hoan Kiem, Hanoi. The company is a partner of various well-known companies, including Vingroup, Bureau Veritas, Hoa Binh, Eurowindow, and more.

The company’s goal is to focus on the following five factors:

• Prime locations
• Uniform design and planning
• Advanced materials and equipment
• Top quality construction and construction
• Professional after-sale management service

Property types

Tan Hoang Minh Group primarily builds classic-style residential projects in Hanoi.

Projects

• D ‘. Le Roi Soleil – Quang An
• D ‘. Le Pont D’or – Hoang Cau
• D ‘. Palais De Louis – Nguyen Van Huyen
• D ‘. Eldorado – Phu Thanh Phu Thuong

Prices & areas

• 2-bedroom units in D ‘. Le Roi Soleil – Quang An start from around VND 7 billion (USD 301,724)

FAQ

Which foreign property developers are active in Vietnam?

You can primarily find Singaporean developers, including well-known names like CapitaLand, Keppel Land, Mapletree, and Frasers Property. They primarily build projects in Ho Chi Minh City.

How is the process when buying off-plan property in Vietnam?

• Get in touch with a real estate agent
• A developer sends an initial announcement of new projects (‘rumor phase’)
• Pay the booking fee
• Attend the official sales event
• (Option to get a refund)
• Sign the deposit agreement
• Sign the Sales & Purchase Agreement (SPA)

How much can I pay in installments?

According to the Law on Real Estate Trading, Vietnamese people can pay up to 70% in installments. Foreigners can only pay 50% in installments. You can expect the most typical payment scheme to be 1% – 2% on a monthly basis.

That’s it for this article.

I hope that you found it interesting and also recommend you to read my separate guide that explains how you can buy property in Vietnam as a foreigner.