Vietnam's Real estate market – indirectly affected by the US tariff policy
• The impact of US tariffs on Vietnam's real estate market is indirect, clearly differentiated by product segment and time.• In the scenario that the United States will apply a reciprocal tax policy to Vietnam, the real estate segment around the industrial park is considered to be the most affected, with the decline starting from 2026 when FDI inflows tend to shift.
• In the long term, the mid-end real estate and social housing segments in tier I cities are expected to be segments with stable prospects thanks to real housing demand, connectivity infrastructure and interest rate support policies.
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