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Vietnamese (HOSE) Real Estate Sector Analysis

UpdatedDec 11, 2025
DataAggregated Company Financials
Companies66
  • 7D4.0%
  • 3M37.7%
  • 1Y180.3%
  • YTD175.4%

The Real Estate industry is up 4.0% in the last week, with Vingroup up 10%. In the last 12 months, the industry was up 180%. Earnings are forecast to grow by 24% annually.

Sector Valuation and Performance

Has the Vietnamese Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Dec 2025₫2068.5t₫423.9t₫50.3t24.8x41.1x4.9x
Sat, 08 Nov 2025₫1663.7t₫422.9t₫50.2t23x33.1x3.9x
Mon, 06 Oct 2025₫1543.9t₫455.5t₫58.6t31.9x26.3x3.4x
Wed, 03 Sep 2025₫1399.4t₫450.7t₫57.8t34.6x24.2x3.1x
Fri, 01 Aug 2025₫1210.5t₫453.8t₫57.1t29.5x21.2x2.7x
Sun, 29 Jun 2025₫1062.5t₫457.0t₫50.4t24.5x21.1x2.3x
Tue, 27 May 2025₫1024.8t₫453.4t₫49.4t23.7x20.8x2.3x
Thu, 24 Apr 2025₫791.5t₫376.8t₫47.6t26.1x16.6x2.1x
Sat, 22 Mar 2025₫785.6t₫369.8t₫47.0t32.5x16.7x2.1x
Mon, 17 Feb 2025₫666.6t₫368.3t₫47.4t31.2x14.1x1.8x
Wed, 15 Jan 2025₫665.1t₫292.9t₫37.1t24.6x17.9x2.3x
Fri, 13 Dec 2024₫685.0t₫298.7t₫37.9t22.9x18.1x2.3x
Sun, 10 Nov 2024₫690.3t₫299.8t₫38.2t20.1x18x2.3x
Tue, 08 Oct 2024₫691.0t₫282.1t₫31.5t34.3x21.9x2.4x
Thu, 05 Sep 2024₫725.2t₫282.4t₫39.0t31.3x18.6x2.6x
Sat, 03 Aug 2024₫663.4t₫277.5t₫38.6t32.2x17.2x2.4x
Mon, 01 Jul 2024₫687.5t₫288.9t₫42.5t22.2x16.2x2.4x
Wed, 29 May 2024₫722.4t₫289.0t₫42.5t24.5x17x2.5x
Fri, 26 Apr 2024₫693.4t₫328.5t₫47.8t30.1x14.5x2.1x
Sun, 24 Mar 2024₫771.6t₫330.6t₫48.0t34.2x16.1x2.3x
Tue, 20 Feb 2024₫757.1t₫328.7t₫47.6t32.2x15.9x2.3x
Thu, 18 Jan 2024₫713.9t₫367.1t₫53.9t22.5x13.2x1.9x
Sat, 16 Dec 2023₫707.4t₫371.6t₫54.3t20.2x13x1.9x
Mon, 13 Nov 2023₫719.8t₫372.3t₫54.2t21.1x13.3x1.9x
Wed, 11 Oct 2023₫748.3t₫341.5t₫60.6t20.3x12.4x2.2x
Fri, 08 Sep 2023₫885.7t₫341.6t₫60.6t18.9x14.6x2.6x
Sun, 06 Aug 2023₫902.1t₫335.2t₫60.2t20x15x2.7x
Tue, 04 Jul 2023₫792.4t₫277.9t₫53.3t22.2x14.9x2.9x
Thu, 01 Jun 2023₫778.7t₫277.7t₫53.2t21.9x14.6x2.8x
Sat, 29 Apr 2023₫734.6t₫239.2t₫49.1t22x15x3.1x
Mon, 27 Mar 2023₫745.8t₫239.1t₫48.3t18.6x15.4x3.1x
Wed, 22 Feb 2023₫747.0t₫239.1t₫48.3t21.1x15.5x3.1x
Fri, 20 Jan 2023₫797.8t₫232.0t₫46.0t11.5x17.4x3.4x
Sun, 18 Dec 2022₫790.3t₫232.2t₫46.1t11.8x17.1x3.4x
Price to Earnings Ratio

17.1x


Total Market Cap: ₫790.3tTotal Earnings: ₫46.1tTotal Revenue: ₫232.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Vietnamese Real Estate Sector Price to Earnings3Y Average 17.9x202320242025
Current Industry PE
  • Investors are optimistic on the Vietnamese Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 41.1x which is higher than its 3-year average PE of 17.9x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 3.0% per year over the last three years.
  • Revenues for these companies have grown 22% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Vietnamese Real Estate sector?

VN Market-0.84%
Real Estate3.95%
Real Estate3.95%
REITS0%0
Specialized REITs-7.91%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 17.9x.
    • Analysts expect its future annual earnings growth (23.8%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.9x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 24% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
VIC Vingroup₫148.80k10.5%
+₫105.7t		620.6%PE134.5x
KSF Sunshine Group₫74.00k5.7%
+₫3.6t		83.2%PE42.5x
VPI Van Phu Real Estate Development₫59.40k8.0%
+₫1.4t		2.2%PE52.1x
TAL Taseco Land Investment₫49.70k4.6%
+₫792.0b		n/aPE24.8x
QCG Quoc Cuong Gia Lai₫15.40k11.6%
+₫440.2b		31.1%PE37.7x

Latest News

HAR
₫4,680.00
An Duong Thao Dien Real estate Trading Investment
7D
16.7%
1Y
36.8%
VPI
₫59,400.00
Van Phu Real Estate Development
7D
8.0%
1Y
2.2%
VRE
₫30,000.00
Vincom Retail
7D
-13.0%
1Y
72.9%
TAL
₫49,700.00
Taseco Land Investment
7D
4.6%
1Y
n/a
KBC
₫33,200.00
KinhBac City Development Holding
7D
-5.0%
1Y
17.7%
KDH
₫32,500.00
Khang Dien House Trading and Investment
7D
-5.0%
1Y
3.6%
SIP
₫53,400.00
Sai Gon VRG Investment
7D
-5.3%
1Y
-26.9%
HPX
₫4,720.00
Hai Phat Investment
7D
3.3%
1Y
-5.0%
CEO
₫24,200.00
C.E.O Group
7D
-6.6%
1Y
77.7%
LDG
₫4,810.00
LDG Investment
7D
4.6%
1Y
154.5%
QCG
₫15,400.00
Quoc Cuong Gia Lai
7D
11.6%
1Y
31.1%
VHM
₫103,500.00
Vinhomes
7D
-3.1%
1Y
153.4%
VIC
₫148,800.00
Vingroup
7D
10.5%
1Y
620.6%
PDR
₫21,400.00
Phat Dat Real Estate Development
7D
-3.4%
1Y
5.8%
NVL
₫14,450.00
No Va Land Investment Group
7D
-3.7%
1Y
37.0%
KSF
₫74,000.00
Sunshine Group
7D
5.7%
1Y
83.2%