On January 9th, the Vietnam Association of Real Estate Brokers (VARS) hosted the Vietnam Real Estate Market Forum 2026, themed “Establishing Standards for Sustainable Market Development.”
At the forum, Deputy Minister of Construction Nguyen Van Sinh noted that 2025 marked a significant turning point for Vietnam’s real estate market after a prolonged slowdown. Several segments have gradually recovered, market sentiment has stabilized, and confidence among businesses and investors has been steadily restored. Notably, social housing remains a highlight, with over 600 projects nationwide comprising approximately 700,000 units, significantly contributing to ensuring social welfare and meeting genuine housing needs.
Deputy Minister of Construction Nguyen Van Sinh.
Beyond quantity, the quality of real estate projects has seen marked improvements. New developments increasingly emphasize integrated technical infrastructure, social amenities, and accompanying facilities, aiming to enhance living standards. Green development, energy efficiency, and environmental friendliness have become key criteria in many developers’ strategies, shifting focus from mere land exploitation and short-term profits.
Despite positive signals, Deputy Minister Sinh candidly highlighted persistent challenges in the real estate market. Most notably, property prices remain high, far exceeding the affordability of most citizens, particularly in major cities. This not only hinders first-time homebuyers but also poses risks of long-term supply-demand imbalances.
Additionally, the market’s product structure remains unbalanced. Luxury and high-end segments dominate, while affordable housing options catering to the majority’s needs are in short supply. According to the Ministry of Construction, this structural issue demands comprehensive adjustments in planning, land policies, credit mechanisms, and corporate investment strategies.
Failure to promptly address this imbalance could lead to long-term consequences, causing market distortions, unsustainable growth, and vulnerability to macroeconomic fluctuations.
Statistics reveal approximately 2,991 projects facing bottlenecks, with a combined capital value of around VND 2.4 quadrillion—a vast resource currently frozen. In 2025, authorities unblocked 926 projects, releasing roughly VND 724 trillion in capital.
In 2026, the Ministry of Construction will continue resolving stalled projects by categorizing issues, from land-related cases identified through inspections to those requiring National Assembly mechanisms or falling under government, Prime Minister, or local authority purview. This targeted approach is expected to streamline resolution efforts, avoiding overlap and inefficiency.
Furthermore, Deputy Minister Sinh emphasized that increasing supply, especially of affordable housing, will be a key focus to restore real estate’s role as a vital economic and social foundation.
At the forum, Dr. Nguyen Van Khoi, Chairman of the Vietnam Real Estate Association (VNREA), stressed the need for close collaboration with local authorities to curb price manipulation and artificial demand. He warned that speculative activities distort prices and hinder genuine buyers’ access to housing. The government and Ministry of Construction’s consistent goal is to prioritize developments meeting real housing needs, ensuring long-term market stability and social welfare.
Dr. Nguyen Van Khoi, Chairman of the Vietnam Real Estate Association (VNREA).
“The real estate market must continue advancing legal frameworks, improving corporate governance, and ensuring transparent market information. Only through synchronized implementation of these factors can Vietnam’s real estate sector achieve healthy, sustainable growth and contribute more effectively to national economic development,” shared Mr. Khoi.
Real Estate Supply Doubles, Yet Prices Continue to Soar
In 2025, the market witnessed a remarkable surge with over 80,000 new condominium units, doubling the figures from 2024. Strikingly, nearly 25% of these new offerings, totaling more than 20,000 units, were priced above 100 million VND per square meter—a tenfold increase compared to the previous year.
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