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The real estate market in Vietnam is expected to recover in 2023, following the impact of the COVID-19 pandemic. The commercial market is expected to see limited supply in the CBD area, with flight to quality and a focus on wellness and sustainability. The office market is expected to see a recovery in supply, with the introduction of new Grade A and B buildings in Hanoi and HCMC. Core locations and Grade A CBDs in Hanoi and HCMC are expected to attract the highest rents, with rental growth accelerating in some markets and moderating in others. The residential market is also expected to see growth, with a focus on quality and sustainability. Overall, the real estate market in Vietnam is expected to see a recovery in 2023, with a focus on quality and sustainability.