Speaking at the forum, Nguyen Van Khoi, Chairman of the Viet Nam Real Estate Association, noted that the market’s positive turnaround in 2025 was the result of sustained efforts to remove long-standing legal bottlenecks. Through continuous recommendations from the business community, a number of major obstacles were addressed via National Assembly resolutions and Government decrees, creating a more transparent legal environment and helping restore business confidence and cash flows.
He stressed that sustainable growth requires a scientific approach to pricing, strict control of speculation and a clear focus on genuine housing demand. With more than 98% of real estate enterprises being private firms, recent key Party resolutions have played a crucial role in unlocking social resources and facilitating access to capital, labour and technology. Closer coordination between the Ministry of Construction, the Ministry of Agriculture and Environment and local authorities has also helped ease implementation hurdles related to planning, land and investment procedures.
According to Khoi, many developers have shifted away from speculative segments towards social housing, industrial real estate and products with stronger market absorption.
He warned that relying solely on average price data could distort policy decisions, as prices can vary significantly within and between projects. Local authorities, he added, must work closely with regulators to curb price manipulation and artificial demand.
Deputy Minister Nguyen Van Sinh said 2025 marked a notable transition after a prolonged downturn, with market sentiment stabilising and several segments recovering. Social housing remained a bright spot, with over 600 projects nationwide, providing nearly 700,000 units and contributing to social welfare goals. Project quality has also improved, with greater emphasis on integrated infrastructure, green development and energy efficiency. Digital technologies are increasingly being applied in design, construction, sales and operations, enhancing transparency and efficiency.
Despite these gains, high property prices, especially in major cities, continue to exceed the affordability of most households, while the supply of affordable housing remains limited. In 2026, the Ministry of Construction will prioritise resolving stalled projects through a classified, targeted approach to ensure the market develops in a healthy and sustainable manner.
