The real estate market has shown positive signals recently, however, five major "bottlenecks" still need to be addressed, said Deputy Minister of Construction Nguyen Van Sinh.
Speaking at the Vietnam Real Estate Forum 2026 themed "The Real Estate Market in a New Growth Model: Unlocking Resources - Creating Development Space - Aligning with National Growth Objectives" on June 2, the deputy minsister highlighted five major "bottlenecks" that require focused resolution.
First, there is a supply-demand mismatch. The market faces an oversupply in the high-end segment but a severe shortage of housing priced appropriately for the average citizen's income.
Second, the product structure is imbalanced. Development is heavily skewed toward commercial housing for sale, while the long-term rental segment—which meets the genuine need for affordable housing—remains critically undersupplied.
Third, house prices remain excessively high. Prices have surged many times faster than average income growth, making it extremely difficult for low-income earners in major urban areas to access housing.
Fourth, current mechanisms and policies lack sufficient incentives. They have yet to effectively attract the private sector to invest in long-term rental housing projects.
Fifth, there is a lack of integration in information systems and databases. Housing data between central and local authorities is not yet fully synchronized, creating difficulties in state management and hindering market transparency and stable development.
“These are cumulative issues that cannot be resolved overnight. However, we must take immediate, resolute, and synchronized action to meet the housing needs of the people,” Deputy Minister Sinh stated.
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