The underlying logic behind the rising housing prices in Vietnam is actually not complicated — it is essentially a direct reflection of the global manufacturing industry chain restructuring.

In recent years, influenced by multiple factors, a large number of foreign enterprises have accelerated their shift from traditional production bases to Southeast Asia. Vietnam, with its geographical location, labor costs, and policy environment, has become an important destination. Major cities like Ho Chi Minh City, Hanoi, and Da Nang have become strategic hubs for different industries.

When foreign companies enter on a large scale, local population inflows, employment opportunities, and infrastructure demands all increase accordingly. This drives the demand for housing and commercial real estate. From an asset allocation perspective, the appreciation logic of Vietnam’s real estate is actually highly tied to the prosperity cycle of manufacturing — industry transfer brings population growth, and population growth pushes up housing prices.

In other words, Vietnam’s real estate is not just a simple real estate investment story, but a revaluation of assets under the global industrial division of labor. This trend will continue to influence the regional economic landscape in the short term.