The biggest support for the market is expected to come from the consistent policy implementation by the government to stabilize macroeconomic factors and encourage domestic firms to develop.

Nine out of the ten largest cap companies continued to lead the classification compared to 2018, but their rankings are now changed.

The outlook is decidedly bullish for Vietnam’s residential market in the long term.

Vietnam has for years allowed foreign institutions and individuals to buy and own houses, but few people have succeeded in winning the ownership certificates.

The situation, however, is likely to be getting worse if the pandemic derails the economy, due to the highly cyclical nature of the real estate industry.