Real estate market shows signs of revival, opening a new cycle of growth
The Ministry of Construction is reviewing and refining regulations on housing, social housing, real estate business, and urban planning in order to create a healthier and more sustainable property market.
The real estate market begins to show positive signs in the first half of 2025. (Photo: Vietnam+)
Hanoi (VNA)🌟 - After a prolonged period of stagnation, the Ministry of Construction reported that the real estate market began to “revive” in the first six months of this year, signalling the start of a new growth cycle.
Apartment prices continue to rise
At the Ministry’s mid-year review conference on July 7, the Housing and Real Estate Market Management Department reported that a total of 1,309 sites nationwide had been allocated for social housing projects, covering 9,737 hectares. Most localities have now earmarked sufficient land for this purpose.
As part of the national programme to build one million social housing units, from 2021 to June 2025, 692 projects with a combined 633,559 units have been launched. Of these, 142 projects with 93,793 units have been completed; 140 projects with 126,385 units are under construction; and 410 projects with 413,381 units have received investment approval.
By the end of June 2025, 35,631 units had been completed out of a planned 100,275, representing an increase of nearly 13,000 units compared with May. During the same period, 27 new projects with 24,232 units broke ground, up 3,804 units from late May.
Average apartment prices continue to rise in the second quarter of 2025. (Photo: Vietnam+)
For commercial housing, 21 projects were completed, equivalent to 110.5% of the same period in 2024. Meanwhile, 32 new projects were licensed (84.2% of last year’s level), and 974 projects remain under construction.
In the second quarter of 2025, average apartment prices nationwide continued to rise. Compared with the previous quarter, prices for detached houses and project-based land plots showed slight increases in most localities. However, detached housing in Ha Noi and Khanh Hoa, as well as land plots in Ha Noi, recorded marginal declines.
On the financial side, outstanding real estate loans stood at 3.73 quadrillion VND as of 30 April 2025, up 7.09% compared with the end of December 2024.
Cracking down on speculation, price manipulation, and money laundering
Looking ahead to the remainder of the year, the Ministry of Construction will continue to review and refine regulations on housing, social housing, real estate business, and urban planning, in line with the two-tier local government model. It will also direct and supervise local authorities in speeding up planning and land allocation for housing projects.
The Ministry is currently reviewing the 2023 Law on Real Estate Business to identify shortcomings and propose necessary amendments. It will also work with provinces to remove bottlenecks facing property projects, simplify overlapping administrative procedures, and reduce unnecessary barriers to project implementation.
Land prices in parts of Ninh My commune (Hoa Lu city, Ninh Binh province) are rising daily. (Photo: Vietnam+)
At the same time, the Ministry is improving the national housing and real estate information system, ensuring that databases are accurate, transparent, and interconnected with other sectoral databases. It is also coordinating with other ministries to finalise a pilot scheme for State-managed Real Estate and Land Use Rights Trading Centres.
According to leaders of the Housing and Real Estate Market Management Department, stricter enforcement will also be a priority. Authorities will resolutely crack down on speculative practices, price manipulation, and the spread of misleading information designed to create artificial “fevers” and defraud buyers. Anti-money laundering measures in the real estate sector will be strengthened, including national risk assessments, updated risk reviews, and closer monitoring of suspicious transactions.
Through these measures, the Ministry of Construction aims to ensure that the real estate market not only sustains its current recovery but also develops on a more stable, transparent, and sustainable basis in the years ahead./.
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Industry experts have pointed to Vietnam's economic recovery, a thriving office and residential market, and surging demand for industrial real estate as significant factors solidifying the country’s status as a prime investment destination in Southeast Asia.
The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.
Vietnam values its international partnerships, including with the UK, Finance Minister Nguyen Van Thang noted, urging UK companies, funds and financial institutions, and those from Europe and worldwide, to continue expanding investment, transferring know-how, sharing management experience and advancing green finance and technology to realise Vietnam’s sustainable development vision.
Vietnamese Minister of Finance Nguyen Van Thang expressed gratitude for the UK’s active role in supporting Vietnam’s efforts to draft a National Assembly resolution on creating an international financial centre. The City of London, he noted, provided pivotal insights and recommendations to shape the groundwork and development roadmap for this hub.
Vietnam is ready to deepen economic cooperation with the Association of Southeast Asian Nations (ASEAN), China and other partners, embracing a strategy of “harmonised interests and shared risks” as it leverages its fast-growing economy and market of over 100 million people.
Tay Ninh, Nghe An and Quang Tri provinces have strategic locations and significant cooperation potential, said Nguyen Thi Thai Binh, Minister-Counsellor at the Vietnamese Embassy, expressing confidence that with creativity and determination, these provinces and their Korean partners will find ample opportunities for productive collaboration.
Jointly organised by the Vinexad National Trade Fair and Advertising JSC and Yorkers Exhibition Service Vietnam, the event features 1,200 booths of more than 650 exhibitors from 20 countries and territories, including Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Singapore, Switzerland, Thailand, and the US.
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An official of the Foreign Trade Agency laid stress on the foundational role of rules of origin in international trade, highlighting the importance of capacity building for enforcement officers in the context of deep international integration.
Against the backdrop of the growing comprehensive strategic partnership between Vietnam and Russia, the promotion and export of Vietnam’s agricultural products not only diversify supply sources for the Russian market but also help enhance the brand values and competitiveness of Vietnamese enterprises in the market that remains untapped.
International trade is no longer merely an exchange of goods but a strategic lever enabling Vietnamese enterprises to enhance capacity, secure partnerships, and expand globally.
In the first eight months of 2025, Vietnam’s total trade value reached nearly 600 billion USD, up 16.3% year on year. Of this, exports stood at 306 billion USD, a 14.8% increase, already surpassing the full-year target.
Vietnam aims to maintain macroeconomic stability, control inflation below the target, achieve growth of 8.3-8.5%, ensure major economic balances, surpass budget revenue estimates by 25%, and control public debt, government debt, foreign debt, and budget deficit.
Reaffirming Vietnam’s commitment to foreign investors, Finance Minister Nguyen Van Thang said government policies always aim to ensure transparency, fairness and a mutually beneficial environment that promotes innovation and safeguards investor rights, making Vietnam a sustainable and long-term investment destination.
The State Bank of Vietnam must launch an official gold price information portal, study the establishment of gold exchanges, and issue guiding documents to implement the Government’s decree on the management of gold trading activities.
According to the World Bank Group, Vietnam will need approximately 368 billion USD in investment for climate adaptation and carbon reduction projects by 2040. Yet, as of the end of 2024, green credit accounted for just 4.5% of the country’s total outstanding loans.
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimise production process, control supply chain, and meet consumers’ demands.
The French side pledged to share technical guidelines and safety standards, with the Institute for Radiological Protection and Nuclear Safety (IRSN) ready to provide training for Vietnamese specialists.
Vietnam now has more than 940,000 private enterprises and over 5 million household businesses, contributing approximately 50% of GDP, over 30% of state budget revenue, and employing 82% of the national workforce.
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