VnEconomy - Vietnam Economic Times

Real estate market in face of a great many changes

Thu, 14 May 2026 03:00:00 GMT

Vietnam’s real estate market is likely to experience a great many changes over the course of 2026, with a host of factors coming into play.

Industry insiders believe 2026 will mark one of the most intense shakeout phases the real estate market has encountered in years. Compared to the early days of January, construction costs, including materials and labor, have risen by 15-20 per cent, while credit growth limits for the industry have been cut from 19 per cent to 15 per cent, with lending increasingly concentrated on large projects and major developers.

Mr. Nguyen Quoc Hiep, Chairman of the Vietnam Association of Construction Contractors (VACC) and Chairman of GP.Invest, told Vietnam Economic Times / VnEconomy that real estate companies will face fierce competition in 2026. “As a result, most smaller-capitalized property companies will continue to struggle with access to bank financing,” he continued. “Deposit rates have eased slightly, but lending rates remain at 11-14 per cent per annum. This has directly affected market liquidity. In the first quarter, at many projects, sales reached only around 30 per cent of levels seen in previous quarters, making profitability very difficult.”

Transactions down sharply

Ms. Do Thi Thu Hang, Senior Director of Advisory Services at Savills Hanoi, said mortgage rates at certain banks have climbed rapidly, at times reaching 15-16 per cent per annum. This has increased borrowing costs and directly affected both affordability and investment decisions.

For developers, she continued, elevated rates and tighter credit conditions have compounded financing costs and limited access to capital, particularly for less-viable projects. Only those with strong balance sheets, stable cash flows, and diversified fundraising channels have sufficient resources to continue project development and offer suitable interest rate support packages to buyers.

The market is entering a broad and forceful cleansing phase, she explained. Access to bank loans and investment funds will be scrutinized more carefully, with priority given to viable projects that meet genuine market demand. The divide between strong and weak players is becoming clearer than ever. While financially solid companies are using merger and acquisitions (MAs) to expand market share, weaker firms that relied heavily on leverage are stagnating.

On the buyer side, a “safe hands” approach would be directing attention toward developers with strong finances and proven reputations, while becoming more cautious in committing capital. Highly-leveraged investors, especially short-term speculators, face mounting risks as cash flow pressure may force distressed sales and market exits. This trend was quickly reflected in weaker liquidity and slower transactions in the first quarter of 2026.

Ms. Pham Thi Mien, Deputy Director of the Vietnam Real Estate Market Research Institute (VARS IRE) at the Vietnam Association of Real Estate Brokers (VARS), citing the Institute’s latest report, said the market recorded around 24,000 transactions in the first quarter, equivalent to an absorption rate of 47 per cent of primary supply. The rate for new supply reached 58 per cent, or more than 22,000 transactions.

Compared with the previous quarter, absorption declined partly because the extended Lunar New Year (Tet) holiday fell in the first quarter and also because macro-economic volatility and persistently high borrowing costs made homebuyers more cautious. She added that projects priced more competitively than the broader market have recorded near-100 per cent absorption. Those with full legal documentation, reliable construction progress, and products serving genuine housing demand have maintained healthy liquidity, while those lacking infrastructure and amenities, especially land plots in many areas, remain subdued.

Six restructuring trends expected

Against that backdrop, Ms. Mien forecast that the market will be reshaped by six major trends over the remaining months of the year.

First, supply will be restructured through greater concentration and higher standards focused on green and sustainable development. Supply is expected to continue rising, but under the dominance of financially-strong developers with integrated execution capabilities. Large-scale township projects are likely to become the main source of new supply.

Second, development space will shift in line with infrastructure and integrated urban planning. Ring roads, expressways, and metro networks under Transit-Oriented Development (TOD) models are expected to see suburban areas and satellite cities become new growth poles.

Third, capital channels will be restructured as cheap money disappears. Developers are expected to reduce dependence on short-term leverage and move toward more sustainable funding structures, including higher equity contributions, joint ventures, MA activity, and stronger project cash flow management.

Fourth, buyer behavior will become more practical, with decisions increasingly based on genuine utility and financial efficiency rather than expectations of rapid price.

Fifth, demand will be rebuilt on a more sustainable foundation, centered on genuine housing need in major cities and medium to long-term investment strategies.

Sixth, the market’s operating mechanism will become more polarized while moving toward sustainable standards. Capital and liquidity will be concentrated in projects with prime locations, full legal status, reliable progress, and reputable developers, while weaker projects will face growing difficulties in sales and fundraising, leading to natural market exits.

Meanwhile, the latest report from the Ministry of Construction (MoC) noted that, in the closing months of 2026, as new regulations are implemented in a coordinated manner and begin to take effect, the real estate market will continue to differentiate clearly and gradually move on to a more stable trajectory. Improved supply is expected to help stabilize overall pricing and curb unreasonable price increases, creating better conditions for genuine homebuyers.

Expert outlook

As the market moves deeper into restructuring, industry leaders believe the remainder of 2026 will be shaped by more selective demand, tougher competition, and a widening divide between stronger developers and weaker players. Affordable housing, infrastructure-led growth areas, and legally-sound projects are expected to remain key themes.

Ms. Hoang Thu Hang, Deputy Director of the Department of Housing and Real Estate Market Management at the MoC, said demand in the months to come is expected to focus on affordable homes, reasonably-priced condominiums in major cities, and land plots in areas with synchronized infrastructure and stable communities.

She added that brokerage activity is becoming more orderly and professional as tighter supervision and higher licensing standards come into being. Speculation and artificial price inflation will also face closer scrutiny, helping to curb abnormal market volatility. Meanwhile, greater transparency in market, planning, and policy information is expected to support buyers and investors.

Meanwhile, Mr. Le Xuan Nga, General Director of BHS Property, said the high-rise housing segment is projected to enter a broad supply expansion phase during 2026-2027, with more than 139,000 apartment units expected to launch, mainly from large-scale mega projects. However, he added that rising supply does not signal a return to overheated growth. Rather, developers are likely to face intensifying competition for liquidity and buyer attention.

To the end of the year, meanwhile, the low-rise housing segment is forecast to maintain positive momentum, with future supply exceeding 78,000 units, largely concentrated in mega urban developments with abundant land reserves controlled by major developers. Projects with stronger planning, legal clarity, amenities, and location are expected to outperform others.

Infrastructure investment is increasingly seen as the market’s most powerful long-term catalyst. Mr. Su Ngoc Khuong, Senior Director of Investment at Savills Ho Chi Minh City, said infrastructure is becoming the defining force reshaping the property landscape. Around 234 large-scale projects with total estimated investment of VND3,400 trillion ($130.8 billion) are underway, including Long Thanh International Airport, metro networks in Hanoi and Ho Chi Minh City, and more than 380 km of the North-South Expressway, which recently opened.

These projects are creating new economic corridors, supporting industrial real estate through integrated supply chain ecosystems while accelerating the rise of new growth poles in surrounding satellite areas.

According to Mr. Khuong, Vietnam entered 2026 from a position of growing strength, supported by stable macro-economic fundamentals, sustained FDI inflows, a more transparent legal framework, and an expanding interregional transport network.

VET-Phan Nam

Dong Nai plans 6,300-ha airport city at Long Thanh gateway

Wed, 13 May 2026 23:30:00 GMT

The projected airport city will feature a range of integrated functions, including free-trade zones, financial and commercial centers, and airport support services.

The southern centrally-run city of Dong Nai plans to develop a major urban area at the western gateway of Long Thanh International Airport, following a transit-oriented development (TOD) model designed to integrate airport infrastructure with urban expansion and transport connectivity.

The provincial People’s Committee has approved a planning mandate for a 1:2,000-scale subdivision plan covering approximately 6,318 hectares.

The designated area spans parts of Long Thanh Ward, Phuoc Thai Commune, and Long Phuoc Commune.

The project aims to capitalise on the strategic advantages of Long Thanh International Airport and the region’s expanding transport infrastructure to create a modern urban hub combining residential, commercial, and service functions. The planned airport city is expected to accommodate between 400,000 and 450,000 residents by 2045.

According to local authorities, the development will feature a range of integrated functions, including free-trade zones, financial and commercial centers, and airport support services, positioning the area as a new economic growth engine for Long Thanh and the broader southeastern region of the country.

A key priority will be the expansion of non-aviation economic activities such as retail, hospitality, office space, convention and exhibition facilities, and experiential services aimed at maximising the commercial value of the airport ecosystem.

The urban plan also emphasises seamless connectivity with major transport corridors, including Ho Chi Minh City Ring Road 3, the Bien Hoa–Vung Tau Expressway, and the proposed Thu Thiem–Long Thanh railway.

VnEconomy-Đan Tiên

Hanoi retail property market sees rising supply and rents amid shifting consumer trends

Wed, 13 May 2026 08:20:00 GMT

The market recording more than 51,000 square meters of new retail space during the first quarter of 2026.

As experiential consumption becomes increasingly prominent and e-commerce intensifies competition, Hanoi’s retail property market continued to undergo notable changes in supply, occupancy, and rental rates in the first quarter of 2026.

According to Ms. Hoang Nguyet Minh, General Director of Cushman Wakefield Vietnam, the market recorded more than 51,000 square meters of new retail space during the quarter, bringing Hanoi’s total retail stock to 1.43 million square meters. Shopping malls remained the dominant segment, accounting for 85% of the total supply.

Most newly launched projects were concentrated in non-central districts, reflecting growing demand for experience-driven retail formats that combine shopping with entertainment and lifestyle offerings.

However, the market’s average occupancy rate stood at approximately 86.5%, down 0.6 percentage points from the previous quarter but up 1.1 percentage points year-on-year. The slight quarterly decline was largely attributed to three newly completed projects, where some retail spaces have yet to begin operations as tenants are still finalising interior fit-outs.

Ground-floor retail rents in Hanoi averaged VND1.3 million (around $50) per sq.m per month, marking a 9.1% increase from the previous quarter and a 10.1% rise compared to the same period last year.

Ms. Minh said the quarterly rental growth was mainly driven by newly developed retail projects on the city’s outskirts, where asking rents were set higher than those at existing properties. Meanwhile, leasing demand in central locations remained stable, particularly for well-managed, high-profile assets with strong brand visibility.

Looking ahead, Cushman Wakefield forecasts intensified competition in Hanoi’s retail sector—not only in terms of supply, but also in strategies to attract tenants and retain consumers. By 2028, the market is expected to add approximately 314,000 sq.m of new retail space.

VnEconomy-Thanh Xuân

Social housing development accelerated as urban affordability pressures mount

Mon, 11 May 2026 23:15:00 GMT

40 new social housing projects launched in the first four months of 2026 with nearly 37,000 apartments.

Vietnam has launched 40 new social housing projects in the first four months of 2026, adding more than 36,590 apartments, equivalent to 23% of this year’s target, according to the Ministry of Construction.

Cumulatively, the country is now implementing 786 social housing projects with a combined scale of over 725,000 units, fulfilling 72.5% of the national goal to build at least one million social housing apartments between 2021 and 2030.

The push comes as demand for affordable housing among low-income earners, industrial workers, and urban laborers continues to rise, prompting local authorities to accelerate project development to expand supply and improve access to homeownership.

The expansion of the social housing segment is expected to help ease affordability pressures, particularly as property prices in major cities remain persistently high.

Data from Cushman Wakefield Vietnam shows that Hanoi’s apartment market has experienced substantial price growth over the past decade. Total housing supply has increased 2.9 times, while average primary market prices have surged by 288%, representing a compound annual growth rate (CAGR) of around 11%. The consultancy attributed the sustained price increases partly to a shortage of housing that remains affordable for the broader population.

VnEconomy-Thanh Xuân

Ha Tinh approves establishment of new industrial cluster

Mon, 11 May 2026 07:30:00 GMT

The central province's Lac Thien Industrial Cluster covering 30ha with a total investment of more than VND267 billion ($10.3 million).

Authorities in central Ha Tinh province have approved the establishment of a new industrial park - the Lac Thien Industrial Cluster, which covers approximately 30 hectares with a total investment of more than VND267 billion ($10.3 million).

The project’s technical infrastructure will be developed by Delta EC Construction and Mechanical JSC.

The industrial cluster is expected to create additional capacity for attracting manufacturing enterprises, supporting industries, and generating employment opportunities for local workers.

It is planned as a multi-sector development, prioritizing industries such as textiles and garments, footwear processing, packaging, mechanical engineering, electrical and electronics manufacturing, household goods production, agricultural and forestry processing, and other supporting industries.

According to the approved timeline, the cluster’s technical infrastructure is scheduled to be completed and operational within 24 months from the date the land is officially allocated or leased by the state.

Ha Tinh currently has 22 industrial clusters covering more than 571 hectares.

The province has recently intensified administrative reforms and introduced investment incentives to improve the business environment and accelerate industrial development.

VnEconomy-Nguyễn Thuấn

Three firms approved to develop pilot commercial housing projects in Hai Phong

Sat, 09 May 2026 07:16:00 GMT

The projects will be developed through agreements on land-use rights transfers or on land already under legal use rights.

Authorities of northern Hai Phong port city have approved three companies to implement a pilot program on commercial housing project development through agreements on land-use rights transfers or on land already under legal use rights, in line with the National Assembly’s resolution.

The approved firms are Petrol Transportation and Petroleum Supply JSC, Hai Phong Import-Export Trading JSC, and Thanh Dong Real Estate JSC.

Petrol Transportation and Petroleum Supply JSC has been authorized to develop a commercial housing project on a 5,440-sq.m site at 64-66 Tran Khanh Du Street in Ngo Quyen Ward. The project carries an estimated investment capital of VND75.76 billion (approximately $2.9 million).

Meanwhile, Hai Phong Import-Export Trading JSC received approval for a larger commercial housing development on a 26,108-sq.m land plot at 746 Nguyen Van Linh Street in An Bien Ward, with total projected investment estimated at VND1.075 trillion (around $41 million).

Thanh Dong Real Estate JSC was approved to develop a commercial housing project on a site spanning more than 30,648 square meters in Chu Van An Ward. More than 26,858 sq.m of the land area is currently designated for rice cultivation. The project’s estimated investment capital stands at VND136 billion ($5.17 million).

VnEconomy-Đỗ Hoàng

More measures to crackdown infringements of intellectual property rights

Thu, 07 May 2026 00:00:00 GMT

Infringement of intellectual property rights remain complex in certain sectors and localities, significantly impacting the investment and business environment...

The Prime Minister has requested ministries, agencies and localities to intensify crackdown on infringements of intellectual property rights.

The Government News quoted an official dispatch promulgated by the Prime Minister on May 6, as stating that over the past years, the fight against intellectual property rights (IPR) infringements has seen many positive developments. Specifically, functional agencies have deployed synchronous and effective solutions, detecting and handling numerous IPR infringement cases, thereby contributing to the mitigation of such violations.

However, the dispatch said, IPR infringements remain complex in certain sectors and localities, significantly impacting the investment and business environment, as well as the legitimate rights and interests of citizens, enterprises, and relevant organizations...

In a bid to create a major breakthrough and improve the practical effectiveness of the fight against IPR infringements, the Prime Minister requested ministries, agencies and localities to direct functional forces to immediately deploy necessary measures to combat, prevent, and handle IPR infringements nationwide; strictly penalize violations under the spirit of "no forbidden zones" and "no exceptions."

The Ministry of Public Security shall coordinate with relevant ministries and agencies to focus on verifying, investigating, and prosecuting serious cases of infringement upon copyrights, related rights, trademarks, and geographical indications as prescribed by law.

The ministry must dismantle websites and organizations operating high-traffic online copyright-infringing websites, particularly those illegally storing and providing movies, music, mobile games, and television programs in Vietnamese and foreign languages, especially English.

The Prime Minister requested the Supreme People's Procuracy and the Supreme People's Court to step up the prosecution and trial of intellectual property cases, ensuring strict and deterrent handling in accordance with the law.

Reducing copyright infringements regarding movies, music, and video games by 30%

The Prime Minister tasked the Ministry of Culture, Sports and Tourism to immediately organize inspections regarding compliance with computer software copyright regulations at enterprises, copyrights for movies, music, television programs, and video games.

The ministry must focus on immediately handling or transferring serious infringement cases to competent authorities for handling in accordance with legal regulations; ensure the number of handled cases to increase by at least 20 percent compared to May 2025.

The ministry needs to direct media and press agencies to enhance communication so that citizens, businesses, and the community can identify, combat, and prevent IPR infringements, thereby improving the effectiveness and efficiency of law enforcement in the intellectual property domain.

The Government leader tasked the Ministry of Industry and Trade, provincial and municipal People's Committees to strengthen inspection, control, supervision, and strict handling of IPR infringements, especially industrial property and trademark violations, ensuring that the number of handled cases to increase by at least 20 percent compared to May 2025.

The Ministry of Foreign Affairs was requested to coordinate closely with the Ministry of Industry and Trade and relevant ministries and agencies to promptly provide full information and specific results regarding Vietnam's efforts in enforcing legal regulations on IPR to international partners.

Daily reporting regime required

The Government leader requested relevant ministries, agencies and localities to strictly implement a daily reporting regime on the status and results of detecting, arresting, and handling serious and complex cases.

These reports must be sent to the Ministry of Science and Technology for consolidation and submission to the Prime Minister on a weekly basis or upon request.

The Ministry of Science and Technology shall have to timely provide opinions and assessment conclusions throughout the process of handling IPR infringements. Relevant ministries and agencies shall be required to coordinate closely with the Ministry of Science and Technology in this matter.

Localities must set up inter-disciplinary working groups

After May 30, 2026, ministries, agencies, and localities shall review and evaluate the implementation progress; continue to strengthen and enhance the effectiveness of the fight against IPR infringements.

Secretaries of Provincial and Municipal Party Committees are requested to focus on leading and directing party committees and authorities at all levels in their localities, and mobilizing the entire local political system to actively and proactively participate in the fight against IPR infringements, ensuring clear improvements and concrete results.

The Prime Minister also requested Chairpersons of the Provincial and Municipal People's Committees to promptly set up inter-disciplinary working groups to oversee the fight against IPR infringement.

VGP-Pham Long

Defense ministry seeks investors for two housing projects in Hanoi

Tue, 05 May 2026 02:00:00 GMT

The first project is located in Thanh Liet Ward that spans approximately 6.969 ha, and is currently vacant agricultural land managed by the local People's Committee.

The Ministry of National Defence has issued a call for interested investors to submit proposals for the investment policy approval and developer selection for two housing projects dedicated to armed forces personnel and their families in Hanoi.

The first project is located in Thanh Liet Ward that spans approximately 6.969 ha, and is currently vacant agricultural land managed by the local People's Committee.

The total estimated investment for this project exceeds VND2 trillion (approx. $79.5 million). The project is scheduled for a 42-month implementation period, with the investment preparation phase starting in Q2/2026 and final completion slated for Q3/2029.

The project’s operational term is 50 years from the date of land allocation or lease. The selected developer will be entitled to incentives and support policies applicable to social housing projects under current Vietnamese law.

Interested investors must submit their applications for investment policy approval and developer appointment by May 19, 2026.

Earlier, on April 17, the ministry also invited investment for a second project located at No. 40, Alley 183, Hoang Van Thai Street, Phuong Liet Ward. This project will be built on a 3,451.2-sq.m plot of vacant land managed by the ministry.

The planned development features a 25-story apartment building with three basement levels, providing 336 units for approximately 850 residents. The total investment for this site is estimated at over VND1 trillion (nearly $39 million).

The implementation timeline for this project is 33 months. The preparation phase is expected to run from Q2 to Q4/2026, with the project concluding between Q3 and Q4/2028. Investors interested in the Hoang Van Thai project have to submit their dossiers to the receiving authority before May 7, 2026.

Vneconomy-Hoàng Bách

PM urges synchronized solutions to build growth foundation from start of term

Tue, 05 May 2026 01:08:00 GMT

The Government meeting focused on discussing the socio-economic development situation in April and the first four months of 2026, the progress of public investment allocation and disbursement, the implementation of national target programs, and key tasks for May.

Prime Minister Le Minh Hung chaired the Government’s regular monthly meeting for April 2026 on May 4, the first regular session of the 16th-tenure Government following its consolidation since March this year.

The meeting focused on discussing the socio-economic development situation in April and the first four months of 2026, the progress of public investment allocation and disbursement, the implementation of national target programs, the Government's leadership and management performance, and key tasks for May and the upcoming period.

Stable macro-economy and rebounding growth drivers

According to evaluations at the meeting, immediately following its consolidation, the Government and the Prime Minister promptly updated and supplemented the Action Program to implement the Resolution of the 14th National Party Congress and Conclusion No. 18 of the Party Central Committee's 2nd plenum, regarding plans for socio-economic development, national finance, public debt management, and mid-term public investment for the 2026–2030 period—all aimed at the ambitious goal of achieving "double-digit" growth.

Furthermore, the Government issued eight resolutions focused on cutting, decentralizing, and simplifying administrative procedures and business conditions. Under these resolutions, 184 administrative procedures were abolished, 134 were decentralized to local authorities, 349 were simplified, and 890 business conditions were removed.

Regarding the socio-economic situation, delegates reached a consensus that the macro-economy remains fundamentally stable, inflation is under control, and major economic balances are maintained. The average Consumer Price Index (CPI) for the first four months is estimated to have increased by 3.99%.

Import-export activities maintained positive growth momentum, with total turnover for the four months estimated at $344,2 billion, up 24.2%. Development investment continued to show promising results, with public investment disbursement reaching approximately 14.2% of the yearly plan. Foreign Direct Investment (FDI) attraction saw a sharp increase, with newly registered capital exceeding $18.2 billion (up 32%), while realized FDI reached $7.4 billion (up 9.8%).

In addition to the achievements, the meeting also identified several shortcomings, limitations, and challenges. Notably, macroeconomic management remains under significant pressure, particularly regarding interest rates, exchange rates, and inflation. Traditional growth drivers have yet to reach their full potential, while new growth engines require more time to produce clear results.

Furthermore, the operation of the two-tier local government system still faces certain inadequacies. The decentralization and delegation of authority have not been fully realized, and the progress of issuing legal documents and implementation guidelines remains slow.

In his remarks, regarding the task of promoting growth in tandem with macroeconomic stability, the Prime Minister requested the synchronized implementation of solutions to mobilize and effectively utilize all resources for development.

Accordingly, the Ministry of Finance (MoF) was assigned to lead and coordinate with the State Bank of Vietnam (SBV) and relevant ministries to develop management scenarios and proactively respond to both domestic and international fluctuations.

The MoF was also directed to urgently propose plans for utilizing revenue increases and expenditure savings, reporting to the Prime Minister by May 15, 2026.

Simultaneously, the ministry must refine tax and financial policies to broaden the tax base, prevent revenue erosion, and strengthen collection management—particularly regarding cross-border e-commerce. Furthermore, the Government continues to prioritize the completion of the legal framework for the capital market, corporate bonds, the digital asset market, and investment funds.

On public investment, PM Hung emphasized the urgent need to allocate and disburse capital, improve usage efficiency, and strengthen discipline in management. He called for a definitive resolution to delayed capital allocation and urged the promotion of online bidding to increase transparency and prevent corruption and waste. Disbursement results are to be made public on a monthly basis.

The SBV was tasked with managing monetary policy flexibly, maintaining control over foreign exchange and credit markets, and ensuring systemic liquidity. The SBV must create favorable conditions for citizens and businesses to access capital at reasonable interest rates while continuing to refine the legal framework for credit activities.

In the management of specific sectors and fields, the PM requested the Ministry of Agriculture and Environment to ensure food security under all circumstances, promote the consumption of agricultural products, and enhance the capacity for forecasting and responding to climate change and natural disasters.

The Ministry of Industry and Trade was directed to proactively expand export markets, develop the domestic market, and accelerate the implementation of energy master plans to ensure energy security and prevent power shortages for both production and daily life.

The Ministry of Construction was told to focus on accelerating the progress of key infrastructure projects, promoting a healthy real estate market, and advancing the development of social housing in accordance with the established targets.

Vneconomy-Ly Ha

A new industrial park approved in central Ha Tinh province

Sat, 02 May 2026 01:00:00 GMT

The IP, covering 198ha, requiring an estimated investment capital of about VND3.02 trillion ($115 million).

Authorities of Ha Tinh province, central Vietnam, have approved an investment policy and selected an investor for the development of the Hung Long Ha Tinh Industrial Park project.

The investor is Hung Long Vietnam Investment Joint Stock Company, headquartered in Bac Hong Linh ward.

The project will be developed in Toan Luu commune, covering more than 198 hectares with a total estimated investment of about VND3.02 trillion ($115 million).

The industrial park is planned as a multi-sector, integrated zone with synchronised technical infrastructure, aimed at creating clean land funds to attract secondary investors. Priority will be given to high-tech and environmentally friendly industries, in line with the province’s sustainable development orientation.

The project has a 50-year operational term from the date of land allocation or lease, with a maximum implementation period of 24 months from the time the land is handed over by the State.

VnEconomy-Nguyễn Thuấn

Real estate businesses in face of buffeting

Fri, 01 May 2026 07:30:00 GMT

A host of factors, both emerging and longstanding, have been buffeting construction and real estate companies in the opening months of 2026.

Vietnam’s construction and real estate sector, which contributes some 9-10 per cent of the country’s GDP, is expected to grow by up to 12 per cent in 2026, positioning it as a key driver of economic expansion. The year has, however, already experienced a wave of mounting pressure on construction and real estate businesses, from rising interest rates, escalating input costs, human resources shortages, and persistent legal bottlenecks that remain only partially resolved.

Issues to address

One of the most critical bottlenecks in the sector is a severe shortage of necessary human resources. Large-scale public investment and the recovery of industrial and infrastructure construction have driven a sharp increase in worker demand, while many employees moved to more stable industries following previous downturns.

Contractors report that workloads could rise by as much as 50 per cent this year compared to 2025, but human resources shortages had already become acute by the end of the second quarter last year. The issue is not only quantitative but also qualitative, particularly regarding the shortage of engineers, site managers, and skilled technical workers.

The gap is most evident in projects requiring advanced execution capabilities, such as high-speed rail, LNG power plants, metro systems, and next-generation deep-water ports, where high standards in management, technology, and international practices are essential. This has intensified competition for talent, driving up labor costs and putting pressure on project timelines.

At the same time, outdated construction cost norms, some dating back to the 1990s, are no longer aligned with current technologies and materials. Though authorities are working to revise pricing frameworks, the impact has been uneven. The Real Estate Business Survey, released in February by Vietnam Report, found that 15.8 per cent of companies had yet to see any meaningful change. “While the legal framework is improving and administrative procedures are being streamlined, implementation delays and inconsistencies across localities and project types remain,” a representative from Vietnam Report said. “Continued policy refinement aligned with real business needs is critical to sustaining growth.”

Meanwhile, rising input costs are placing additional strain on businesses. Some 89.5 per cent cited material price volatility as their greatest challenge, directly affecting profit margins and financial control. Geopolitical tensions in the Middle East since early 2026 have further disrupted supply chains, pushing up energy prices and, in turn, increasing costs across the construction value chain, from fuel and logistics to material production.

According to the Ministry of Industry and Trade, the cement industry has experienced at least three price hikes since the start of the year, with increases of around VND100,000 ($3.85) per ton in March. Construction steel prices have also risen, by VND350,000-600,000 ($13-$23) per ton. Some materials have surged by up to 70 per cent, with certain items even doubling in price year-on-year.

These increases are forcing projects to exceed budgets and delay timelines, eroding financial efficiency. Mr. Nguyen Quoc Hiep, Chairman of GP Invest and the Vietnam Association of Construction Contractors, described the situation as a “no-win dilemma” for contractors: continuing projects leads to heavy losses, while halting them risks contract violations.

Similar to construction, the real estate sector showed signs of recovery in 2025 as legal obstacles were gradually removed and projects restarted. However, capital flows remain the biggest challenge. The market depends heavily, on bank credit, at around 70 per cent of capital, while alternative channels such as bonds and investment funds are still underdeveloped.

Rising interest rates have also become a major barrier. Preferential loan packages introduced last year carried rates of 5.5-6 per cent per annum, but by early 2026 had risen to 9-10 per cent, with floating, or variable, rates climbing to 12-14 per cent and at times nearing 16 per cent. Property prices, meanwhile, remain elevated. Apartment prices rose 20-30 per cent on average last year, with some exceeding 40 per cent growth.

The combination of high prices, rising borrowing costs, and tighter credit policies has significantly altered financial planning for buyers, especially those relying heavily on leverage. Liquidity has declined, inventories have increased, and financial costs continue to rise - leaving many developers grappling with survival rather than expansion.

Unlocking capital flows

Experts argue that achieving the construction and real estate sector’s 12 per cent growth target for 2026 hinges on unblocking capital flows. Businesses are calling for stable interest rates and more targeted credit policies, prioritizing projects with clear legal status, solid progress, and actual housing demand, such as social housing and affordable commercial housing.

Developing a unified market data system and implementing property identification mechanisms for each land parcel and housing product are also seen as essential. Transparent data on planning, legal status, transactions, and pricing would help financial institutions better assess project risks and allocate credit more effectively.

Economist Vo Tri Thanh highlighted two major opportunities: redirecting idle savings, estimated at tens of billions of dollars, including gold and foreign currency, into productive sectors, and resolving legal bottlenecks for 800-1,000 stalled projects, which could inject hundreds of trillions of VND into the economy.

Despite some progress being made in easing licensing procedures, land and planning issues continue to pose among the greatest challenges for real estate companies. Land clearance remains a prolonged and difficult process, with some projects taking up to eleven years to complete the process. Even after land clearance, land allocation and pricing present further hurdles, particularly due to the lack of transparency in the land price adjustment coefficient (the K factor), which remains unpredictable and subjective.

Planning processes are also causing delays. In Hanoi, many projects are on hold pending approval of the city’s long-term master plan, as detailed zoning and project-level planning cannot proceed without it.

Previously, completing legal procedures for a project required up to 43 different approvals and at least three years. Though timelines have improved somewhat, the process remains cumbersome and resource-intensive.

Experts believe that sustainable improvement in the real estate investment environment depends on continued administrative reform, faster project approvals, and better coordination among government agencies. Legal frameworks governing investment, land, and real estate must also be further aligned and stabilized.

At the same time, increased public investment, particularly in transport and urban infrastructure, is expected to create spillover effects for real estate markets in emerging areas.

Finally, compensation and land clearance mechanisms need to be made more transparent and market-oriented, ensuring a balance of interests between the government, citizens, and businesses, while shortening project preparation timelines and improving implementation efficiency.

Top 5 policy recommendations from real estate businesses:

- Stabilize interest rates and appropriately expand and direct credit ﬂows to the real estate and construction sector;

- Reform administrative procedures, shorten project approval timelines, and improve coordination between regulatory authorities;

- Complete the legal framework governing real estate investment and business activities;

- Accelerate public investment and infrastructure development to create spillover momentum for the market; and

- Improve compensation and land clearance mechanisms in line with market principles.

Source: Real Estate Business Survey, February 2026, Vietnam Report

VET-Phan Nam

Ninh Binh calls for investment in 27 projects

Thu, 30 Apr 2026 01:10:00 GMT

Total investment capital estimated at nearly VND7 trillion ($270 million).

Authorities of northern Ninh Binh province has approved a list of 27 projects to attract investment in the first phase of 2026, with a total area of more than 1,834 hectares and estimated capital of nearly VND7 trillion ($270 million).

The portfolio spans six key sectors, offering significant opportunities for both domestic and foreign investors.

Education and healthcare account for seven projects covering over 85 hectares, while urban and housing development represents the second-largest share, with seven projects aimed at creating land banks and meeting residential demand.

The trade, services and tourism sector includes five projects. Notably, a one-hectare integrated commercial centre in the Nam Cao University Area will provide shopping, entertainment and accommodation services for residents, students and professionals working in nearby industrial zones.

The province is also calling for investment in commercial centres and exhibition facilities in central urban areas.

In logistics, projects include the Truong An–Thinh Long petroleum depot and planned logistics hubs and inland container depots (ICDs). A highlight is the Dinh Hoa general cargo port project, covering 10 hectares with an estimated investment of VND1.2 trillion, expected to enhance regional connectivity and reduce transport costs.

Industrial infrastructure dominates the list, with five projects spanning over 1,335 hectares. These include the Ha Nam High-Tech Park and several large-scale industrial parks, reinforcing the province’s strategy to drive long-term economic growth.

VnEconomy-Thiên Anh

Real estate capital flows show signs of recovery

Wed, 29 Apr 2026 00:00:00 GMT

Outstanding credit for real estate business activities reaching VND2.24 quadrillion ($88.9 billion) as of late February.

Vietnam’s real estate capital flows are showing notable signs of recovery, albeit in a cautious and uneven manner, according to the Ministry of Construction.

As of February 28, 2026, outstanding credit for real estate business activities reached VND2.24 quadrillion ($88.9 billion), up 11.7% from the fourth quarter of 2025 and 43% year-on-year. The increase reflects improving confidence in the sector, though capital allocation remains selective.

A significant portion of credit has been directed toward urban development and housing projects, which accounted for 35% of total real estate lending—rising 24.1% compared to the previous quarter. Meanwhile, other segments such as industrial parks, resort properties and land-use rights also recorded credit growth, albeit at a slower pace.

In the corporate bond market, total bond issuance surged to VND16.31 trillion ($620 million) in March. Of this, the real estate sector made up a dominant share of VND10.2 trillion, equivalent to 62.51%, signaling a strong return of capital flows into the segment.

Foreign direct investment (FDI) inflows in the first two months of 2026 remained stable, with no major fluctuations in registered or disbursed capital. This was largely attributed to seasonal factors early in the year and the time required to complete investment procedures. Overall, the steady inflows underscore continued investor confidence in Vietnam’s business environment.

Momentum picked up in March, with newly registered FDI reaching an estimated $15.2 billion, up 42.9% year-on-year, while disbursements totaled $5.4 billion. Notably, real estate accounted for 7.2% of total disbursed FDI, equivalent to $389.5 million, signaling an initial recovery of foreign capital into the sector.

VnEconomy-Thanh Xuân

Quang Ninh approves $100mln Industrial Park project

Tue, 28 Apr 2026 09:25:00 GMT

The 348-ha park will prioritize high-tech, and environmentally friendly projects with high added value.

Authorities in northern Quang Ninh province have approved an investment policy and selected an investor for a new industrial park project in the northeastern area of Van Don Economic Zone, with total investment capital of VND2.58 trillion ($100 million).

The project will focus on developing and operating infrastructure for a supporting-industry park with a 50-year operating term.

Covering nearly 348 hectares, the project will be implemented in two phases. The first phase spans 202.7 hectares and is expected to be completed within 36 months from land allocation, while the second phase of 145.1 hectares is scheduled for completion within 18 months.

The investor, Quang Ngan Industrial Development and Investment JSC, will contribute VND386.7 billion ($14.64 million), with the remainder mobilized from other sources.

The province said the park will prioritize high-tech, environmentally friendly projects with high added value, efficient use of land and energy, and minimal environmental impact, while excluding energy-intensive or polluting industries.

VnEconomy-Thanh Xuân

Ninh Binh announces list of urban and housing projects seeking investment for 2026

Tue, 28 Apr 2026 09:00:00 GMT

This serves as a vital framework to invite and attract both domestic and foreign investors to contribute to the province's socio-economic development in the upcoming period.

Ninh Binh Province, northern Vietnam, has officially released its List of Investment Attraction Projects for 2026 (Phase 1). This serves as a vital framework to invite and attract both domestic and foreign investors to contribute to the province's socio-economic development in the upcoming period.

Accordingly, the education and healthcare sector includes projects for vocational and educational training facilities within the Nam Cao University Area, the construction of an international-standard hospital, a nursing home, a general hospital in Xuan Truong Commune, and the development of a preschool and an inter-level school system also in Xuan Truong.

In the urban and housing sector, the local government aims to implement a series of major developments, including: the Phu Oc new urban area; a dedicated urban-commercial-service zone in My Loc Ward; an urban area in Binh Luc Commune; and a rural residential area in Cat Thanh Commune. Other key projects include the Hai Hung Urban Area and a new urban area combined with the renovation of existing residential zones in Vinh Tru.

Regarding commerce, services, and logistics, investment attraction is focused on shopping malls, logistics centers, and cargo ports designed to improve circulation capacity and regional connectivity.

Specific highlights in the commerce, services, and tourism sectors include a general commercial and service center within the Nam Cao University Area; shopping malls and exhibition centers; the Truong An Thinh Long petroleum depot; inland container depots (ICD) and logistics centers; and the Dinh Hoa general cargo port.

For industrial infrastructure, the province is calling for investment in the development and operation of technical infrastructure for high-tech zones and industrial clusters. Notable projects include the Ha Nam High-Tech Zone, and the Nam Hong, Lac Xuan, and Kim Bang II Industrial Zones.

Beyond these sectors, the province continues to expand its call for investment into research institutes and technology development centers within the Nam Cao University Area, as well as various commercial service projects and smart urban developments.

Vneconomy-Thanh Thủy

Construction of Da Nang’s Lien Chieu Container Terminal starts

Sat, 25 Apr 2026 10:17:00 GMT

The designed capacity of the port in the central city is 5.7 million TEU per year.

The groundbreaking ceremony of Da Nang-based Lien Chieu Container Terminal took place on April 25, with the attendance of Standing Deputy Prime Minister Pham Gia Tuc and many other senior officials.

With a total investment of approximately VND 45.268 trillion (nearly $1.8 billion), the project involves construction of eight container berths with a total quay length of 2,750 meters, capable of accommodating vessels of up to 18,000 TEU, according to the Government News.

The designed capacity of the port in the central city of Da Nang is 5.7 million TEU per year (equivalent to about 74 million tons annually). After three years of operation, the first phase is expected to reach a throughput of 4 million TEU per year.

The terminal is envisioned to develop into a modern logistics ecosystem, fully integrating functions ranging from barge berths, warehousing systems, inspection and customs clearance, container stuffing and stripping, to an operation control center, with direct connections to the national railway network—thereby forming a multimodal transport chain.

Its operations follow a "green port, smart port" model, applying Internet of Things (IoT) and artificial intelligence (AI) technologies in management, operations, and service delivery.

The terminal also emphasizes automation in operations, the use of clean energy, and environmentally friendly equipment to minimize emissions and comply with both Vietnamese and international environmental standards.

Hateco Group Joint Stock Company, Hateco Seaport Company Limited, and APM Terminals B.V. (Netherlands) was selected as the investor for the project. It represents a combination of the strong domestic capacity of Vietnamese investors and the world-leading port operation experience of international partners.

Addressing the ceremony, Standing Deputy Prime Minister Pham Gia Tuc said, Lien Chieu Container Terminal is not merely an infrastructure project, but also a strategic link in the national and global logistics chain.

This project will help position Vietnam more deeply within the international maritime transport network, he noted.

VGP-

Orchard Collection - Leading a refined living experience

Fri, 24 Apr 2026 12:00:00 GMT

As the final premium component of SYCAMORE, Orchard Collection reflects CapitaLand Development’s latest effort to combine design-led planning, extensive amenities, and higher-end residential offerings within one of its largest projects in Vietnam.

Orchard Collection is CapitaLand’s strategic final touch for SYCAMORE.

Completing the broader vision of SYCAMORE, CapitaLand Development has introduced Orchard Collection as the final premium component of the project. The launch not only marks the closing chapter of the development’s current phase, but also reinforces the developer’s ambition to help shape new residential standards in Binh Duong. Orchard Collection adopts a distinct concept, positioning itself as a one-of-a-kind residential offering where each space is carefully designed to enhance everyday living.

SYCAMORE and the quality-of-life concept across each precinct

SYCAMORE is among the largest developments by CapitaLand Development in Vietnam. Its precincts have been planned as interconnected layers within a broader master scheme.

High-rise precincts such as Orchard Hill, Orchard Heights, and Orchard Grand emphasize the combination of architecture, landscaping, and nature-inspired amenities. Elsewhere, The Orchard and Orchard Mansion target the upper-end segment, ranging from contemporary luxury anchored by the Canopy Clubhouse to a limited collection of bespoke mansions.

Despite their different formats, the precincts are tied together by a consistent planning direction. Architecture, landscape, and facilities are arranged as an integrated whole aimed at optimizing residents’ daily experience. The approach reflects the standards that CapitaLand Development says it has applied during more than three decades in Vietnam, with a focus on privacy, sustainability, and purposeful design.

Building on that foundation, Orchard Collection is presented as the next step in the project’s evolution, carrying forward previous elements while raising the emphasis on craftsmanship and design detail.

The gateway transitions residents from everyday life into the world of Orchard Collection.

Orchard Collection and the “Haute Couture” inspiration

The developer draws inspiration from the concept of haute couture, where products are defined by customization, craftsmanship, and close attention to detail. That idea has been translated into Orchard Collection’s design language and resident experience.

The arrival sequence begins with an entrance gate inspired by the “rabbit hole” concept, intended to create a transition from daily life into a separate residential environment. Inside, the project is divided into two themed living zones with distinct identities. Maison is positioned around calmness and timeless aesthetics, while Couture focuses on stronger personality and more energetic communal experiences set amid landscaped greenery.

Orchard Collection includes 168 amenities, according to the developer. These include two main swimming pools of more than 50 meters, a wellness-focused care facility integrated within a premium residential project, and two dedicated landscape zones within a 1.2-hectare central green core.

Residents are also connected directly to Welcome Park, a four-hectare city park featuring a multi-purpose sports court and a 2,000-sq-m lawn area. The combination expands green and recreational space beyond the project’s internal boundaries.

A serene green rhythm in the Maison living realm.

Across the residential offering, Orchard Collection includes units ranging from two to four bedrooms, with sizes of up to 175 sq m. All apartments feature balconies designed to open toward wider views, while layouts allow homeowners to adapt interiors to family needs and personal preferences.

For the first time within the wider Sycamore project, buyers can choose exclusive four-bedroom residences with double-door entrances and upgraded primary bathrooms. Garden units provide direct access to nearby amenities, while the limited 3BR Limited Edition collection offers five-meter ceilings, private garages, and only 12 units.

The project’s overall concept combines architecture, landscaping, and amenities into a single residential identity, targeting buyers seeking a more design-led and higher-specification living environment.

Sycamore Master Development

Address: Binh Duong Ward, Ho Chi Minh City

Hotline: 1800 599 986

Website: sycamore.com.vn

Facebook: https://www.facebook.com/ThisisSycamore

Dong Nai province greenlights 3,100ha mega-urban project in Dai Phuoc

Thu, 23 Apr 2026 23:30:00 GMT

According to the southern province's decision, the planned area covers more than 3,131 ha, and is situated to the west of the Nhon Trach new urban area, bordering the Dong Nai River and Ho Chi Minh City.

The People's Committee of the southern province of Dong Nai has officially approved the 1/2,000 scale zoning plan for the Dai Phuoc 1 Subdivision, a smart riverside urban area dedicated to science and innovation located in Dai Phuoc Commune.

According to the decision, the planned area covers more than 3,131 ha, and is situated to the west of the Nhon Trach new urban area, bordering the Dong Nai River and Ho Chi Minh City.

The Dai Phuoc 1 Subdivision is envisioned as a smart riverside urban zone and a hub for science and innovation. It is expected to serve as a socio-economic catalyst for Dai Phuoc Commune and the broader Nhon Trach new urban area. Furthermore, the project is designed to synergize with and spread development momentum from the Long Thanh International Airport region.

The subdivision is projected to accommodate a population of 180,000 to 230,000 people. The urban layout follows a "compact city" model, integrating multi-functional spaces closely linked to public transport systems. Key functional zones will include mixed-use areas, commercial and service centers, innovation hubs, cultural and sports complexes, and various themed parks.

In terms of connectivity, the urban area will feature public transport routes such as Bus Rapid Transit (BRT), alongside smart traffic infrastructure, parking systems, and electric vehicle (EV) charging stations. All technical infrastructure, including water supply, wastewater treatment, electricity, and telecommunications, will be synchronized and installed underground.

Vneconomy-Thiên Di

Da Nang eyes logistics development cooperation with Malaysia

Thu, 23 Apr 2026 01:30:00 GMT

Authorities of central Da Nang city have visited Malaysia’s Tanjung Pelepas Port, one of Southeast Asia’s largest container transshipment hubs.

A recent meeting between officials from Vietnam's central Da Nang city and Malaysia’s Tanjung Pelepas Port (PTP) during the former's visit to Malaysia is expected to open a new chapter in logistics and trade development for central Vietnam.

The visit to Malaysia, led by Vice Chairman of the Da Nang People’s Committee Tran Chi Cuong, provided city leaders with insights into one of Southeast Asia’s largest container transshipment hubs. Located about 25 km northwest of Singapore, PTP plays a strategic role in regional supply chains and ASEAN trade corridors.

During the working session, Mr. Nasution Saad Putra, Managing Director for Government Relations and Free Zone at PTP, shared the port’s development experience and expressed readiness to cooperate and exchange expertise with Da Nang. The engagement offers an opportunity for the Vietnamese city to apply advanced operational and automation models to the development of its Lien Chieu Port.

The meeting also saw participation from Soren Kofoed Jensen of APM Terminals, part of the A.P. Moller - Maersk. APM Terminals currently operates PTP and is also a key investor in Da Nang's Lien Chieu Port project.

Delegates also conducted a site visit, exchanging experience in port automation, logistics management, and customs coordination—critical areas for optimizing Da Nang’s future port development.

VnEconomy-Ngô Anh Văn

Can Tho unveils 4 new social housing projects with nearly 3,600 units

Wed, 22 Apr 2026 23:12:00 GMT

These projects have already received approved detailed planning and are part of the Mekong Delta city’s portfolio to invite independent social housing investment.

Under a newly issued decision, Can Tho City in the Mekong Delta is set to implement four social housing projects on state-managed public land.

These projects have already received approved detailed planning and are part of the city’s portfolio to invite independent social housing investment.

In total, the projects are expected to provide over 3,580 apartments, addressing the housing needs of low-income earners, industrial park workers, and other policy-eligible groups.

The largest of these is "Social Housing Project 004" located in Cai Rang Ward. Spanning nearly 74,000 sq.m at the "Bai cong truong 6" site, the project is designed to offer a minimum of 2,000 apartments with an estimated total investment of approximately VND3.15 trillion (nearly $120 million).

In addition, Project 001 in Thot Not Ward, Project 002 in Vinh Trinh Commune, and Project 003 in Ninh Kieu Ward are also being rolled out with significant scale and capital. While each project has its own unique specifications, they all share the common goal of providing high-quality, affordable housing for local residents.

According to the social housing development plan for the 2026–2030 period, Can Tho City aims to complete nearly 15,000 units by 2030. This initiative not only aligns with the national social housing targets set by the central government but also demonstrates the city’s determination to improve the overall quality of life for its citizens.

Vneconomy -Pham Vinh

Three scenarios for the real estate market in Q2/2026

Mon, 20 Apr 2026 23:16:00 GMT

Vietnam’s residential real estate market is expected to see positive shifts in the second quarter of 2026, with new supply increasing significantly compared to the beginning of the year.

Vietnam’s residential real estate market is expected to see positive shifts in the second quarter of 2026, with new supply increasing significantly compared to the beginning of the year. This trend emerges amid forecasts of a more stable macroeconomy, even as policy management remains cautious.

Ms. Nguyen Thi Kim Thoa, Business and Product Development Director at Dat Xanh Services, provided this assessment in a recently released report by the Dat Xanh Services Economic - Finance - Real Estate Research Institute (DXS-FERI), which analyzes the market performance of Q1/2026 and the outlook for Q2/2026.

She noted that the specific level of growth and absorption will depend on various factors, resulting in three potential scenarios.

In the "ideal scenario," the market would experience strong growth with supply increasing by 40% to 50% and selling prices rising by 10% to 15%. This outlook assumes floating interest rates remain between 9% and 11% and the absorption rate reaches 50% to 60%. However, this outcome is heavily contingent on policy easing, the expansion of credit quotas for real estate, and the simultaneous improvement of multiple fundamental economic factors.

The "expected scenario" projects a more controlled pace of growth. In this case, supply is forecast to rise by 30% to 40% while selling prices increase by a modest 2% to 5%. Floating interest rates would likely hover between 10% and 12%, with an absorption rate of 30% to 40%.

Conversely, the "challenging scenario" assumes rising capital costs and continued tight monetary policy. Under these conditions, supply would only grow by 20% to 30%, while selling prices remain flat or decrease slightly. With floating interest rates potentially reaching 12% to 14%, the absorption rate would likely stay below 20%.

According to experts from DXS-FERI, if the Government and the State Bank of Vietnam continue to strictly regulate the sector through credit tightening and high mortgage rates, the market is likely to follow the challenging scenario—a trend already evident in the first quarter of 2026. In this context, the residential real estate market in 2026 is not expected to return to a period of "hot" growth. Instead, it will operate more selectively, reflecting a market that is currently transitioning into a new cycle.

Vneconomy-Thanh Xuân

Investment increase for HCM City-Moc Bai Expressway approved

Mon, 20 Apr 2026 09:30:00 GMT

Total investment capital estimated at VND23 trillion ($874 million).

The People’s Council of Ho Chi Minh City has approved an adjustment to the investment policy for the Ho Chi Minh City–Moc Bai Expressway (Phase 1), to be implemented under a public–private partnership (PPP) in the form of a build–operate–transfer (BOT) contract.

Originally approved by the Prime Minister in August 2024 with a total investment of over VND19.6 trillion ($722 million), the project has been revised to nearly VND23 trillion ($874 million) following a comprehensive review and updated compensation, support, and resettlement plans. The implementation timeline has also been extended to 2028.

Costs for two sub-projects covering compensation and resettlement have risen significantly. Sub-project 3 (through Ho Chi Minh City) increased to VND6.38 trillion, while Sub-project 4 (through Tay Ninh province) rose to VND3.75 trillion. Meanwhile, the main BOT construction component and the development of service roads and overpasses remain unchanged.

The 50-km expressway will feature four lanes with a design speed of up to 120 km/h, linking Ho Chi Minh City with Tay Ninh and connecting to National Highway 22 through the Moc Bai International Border Gate to Cambo.

Construction is expected to begin in the second quarter of 2026, with completion targeted for late 2027. Once operational, the route is expected to ease congestion, improve cross-border connectivity with Cambodia, and boost regional economic growth.

VnEconomy-Thanh Thủy

Resort real estate shows signs of slowing in Q1

Sun, 19 Apr 2026 01:00:00 GMT

Total transactions estimated at more than 2,900 units, a 30% decrease compared to the fourth quarter of 2025.

Vietnam’s resort real estate segment showed signs of slowing in the first quarter of 2026, with both supply and demand declining, according to market analysts.

Presenting a quarterly report, Ms. Pham Thi Mien, Deputy Director of the Vietnam Institute for Real Estate Market Research, said new supply reached around 6,500 units, down 22% from the previous quarter. Supply continued to come mainly from large-scale, high-end resort urban developments built on integrated models combining living, working and leisure functions. Low-rise and high-rise products accounted for 52% and 48% of supply, respectively.

Market absorption also weakened, with the absorption rate falling to 45%, down seven percentage points quarter-on-quarter. Total transactions were estimated at more than 2,900 units, a 30% decrease compared to the fourth quarter of 2025.

Despite the slowdown, investment demand remains, though investors are becoming more selective. Capital is increasingly concentrated in projects offering new development models, particularly integrated coastal urban developments that combine residential, hospitality and commercial functions.

Support factors include the rollout of large-scale projects, more flexible financing policies from developers, and the recovery of the tourism sector, especially rising international arrivals. Improvements in transport infrastructure are also enhancing regional connectivity.

However, primary market prices continued to edge up under cost pressures. High-rise units were priced between VND39 million ($1,482) and VND200 million ($7,604) per square metre, up 10% year-on-year, while low-rise properties ranged from VND8 billion ($304,000) to VND170 billion ($6.46 million) per unit, up 9%.

VnEconomy-Thanh Xuân

Da Nang invests over $76 mln in social housing projects

Sat, 18 Apr 2026 00:12:00 GMT

The construction scale includes four social housing apartment blocks with approximately 1,326 units, two clusters of adjacent commercial townhouses (approximately 40 units), and a five-story commercial and service building.

The Da Nang City People's Committee in central Vietnam has officially approved the investment policy for the Hoa Phuoc social housing project, with a total investment of more than VND2 trillion ($76 million).

The project is invested by Truong Hai Trade Construction Joint Stock Company. The construction scale includes four social housing apartment blocks with approximately 1,326 units, two clusters of adjacent commercial townhouses (approximately 40 units), and a five-story commercial and service building.

According to the plan, the project components will be inspected and put into operation sequentially between 2028 and 2030.

The social housing units are designated for sale to eligible beneficiaries under housing policy regulations. Meanwhile, the commercial housing portion of the project will be managed and operated by the investor in accordance with the mechanisms stipulated in the 2023 Housing Law.

Da Nang has been tasked by the Government with a target of building 26,097 social housing units for the 2026–2030 period.

As of April 2026, the city has approved six new projects totaling 4,059 units. Of these, construction has begun on two projects (942 units), one project (568 units) has been completed, and three projects (1,477 units) have met the requirements to be put on the market.

Vneconomy-Ngô Anh Văn

$94mln to be invested in upgrading National Highway 24

Sat, 18 Apr 2026 00:00:00 GMT

The upgrade of the 48.4-km highway, running across Quang Ngai province, is expected to significantly improve transport infrastructure, shorten travel times and reduce logistics costs.

Authorities of central Quang Ngai province has approved an investment plan to upgrade National Highway 24, a key transport route linking mountainous areas with economic centers in the province and neighbouring regions.

The project will cover a total length of approximately 48.4 km. The road will be built with a 9m-wide roadbed. The pavement will combine asphalt concrete and cement concrete on a crushed stone base to ensure durability and load-bearing capacity under long-term operation.

The project has an estimated investment of VND2.35 trillion (around $94 million), of which about VND2 trillion will come from the central budget and VND350 billion from local funding. Implementation is scheduled for the 2026–2028 period.

Upgrading National Highway 24 is expected to significantly improve transport infrastructure, shorten travel times and reduce logistics costs. The project will also help expand socio-economic development space in Quang Ngai’s mountainous areas, strengthen regional connectivity, attract investment and promote tourism, while improving local living standards.

VnEconomy-Gia Huy

Lam Dong plans expansion for industrial park network

Thu, 16 Apr 2026 08:00:00 GMT

The central province is expected to develop a total of 47 industrial parks in the 2021-2030 period, covering more than 27,300 hectares.

Lam Dong province, central Vietnam, is planning a major expansion for its industrial park network, aiming to strengthen regional connectivity and meet growing investment demand.

Under the proposed plan for 2021–2030, with a vision to 2050, the province is expected to develop a total of 47 industrial parks covering more than 27,300 hectares. Of these, 33 parks spanning over 16,490 hectares will be prioritised for investment before 2030, while the remaining 14 will be implemented after 2030 or when conditions permit.

At present, Lam Dong has 15 industrial parks with a combined area of nearly 4,270 hectares. Eleven of these are operational, covering more than 2,012 hectares and hosting 238 projects. However, occupancy remains modest at around 52.5%, indicating room for further development.

Based on current conditions and long-term planning orientations, local authorities have proposed continuing development in line with the approved 2021-2030 master plans of the former provinces of Lam Dong, Binh Thuan and Dak Nong which have been merged into new Lam Dong province since July 2025. In addition, 17 new or expanded industrial parks, totalling more than 11,190 hectares, are being studied to support future growth.

The planned parks will be concentrated in key areas such as Tra Tan, Suoi Kiet, Tan Minh, Ham Thuan Nam, Son My and Vinh Hao, forming interconnected industrial clusters. These locations are expected to leverage regional linkages, particularly with neighbouring Dong Nai and Ho Chi Minh City, to enhance investment attraction and industrial development.

VnEconomy-Hoàng Bách

HCM City approves six housing projects for foreign ownership

Wed, 15 Apr 2026 01:30:00 GMT

Since 2025, the city has announced similar lists five times, bringing the total number of projects open to foreign buyers to 123.

Ho Chi Minh City has announced a list of six housing projects eligible for foreign ownership, as part of efforts to attract international capital and meet rising demand from expatriates.

The developments are located across various parts of the city, ranging from large-scale urban complexes to mid-range apartment projects.

The largest is the nearly 50-hectare One World project in Thuan Giao ward, developed by Kim Oanh Group, which is expected to offer a modern and well-equipped living environment. Also in the former Binh Duong area, the Phu Dong SkyOne apartment project, covering more than 5,300 square meters, will add to the mid-range housing segment, which is considered highly liquid among foreign buyers.

In Binh Trung ward, two residential projects—Binh Trung Dong and Doan Nguyen—have also been included. Covering around 57,700 square meters and 60,700 square meters respectively, they are expected to provide additional options for foreigners seeking housing in the city.

Other projects include a mixed-use residential and commercial development on Hong Bang Street in Binh Tay ward, and a high-rise complex combining residential, office and commercial functions along Ben Binh Dong Boulevard.

Since 2025, the city has announced similar lists five times, bringing the total number of projects open to foreign buyers to 123. The move is expected to boost the real estate market and support the city’s ambition to become an international financial and innovation hub.

VnEconomy-Phạm Vinh

Da Nang approves two social housing projects worth nearly $58 mln

Mon, 13 Apr 2026 08:00:00 GMT

Spanning nearly 19,000 sq.m, the Vinh An Hoa Social Housing Area will feature five 12-story social housing apartment blocks alongside adjacent commercial townhouses.

Authorities of Da Nang city in central Vietnam have approved the investment policies and assigned developers for two major social housing projects located in Nui Thanh Commune.

The Vinh An Hoa Social Housing project that will be developed by Holdings Ngoi Sao Viet Joint Stock Company is situated on land plots A3 and A4 within the workers' housing zone of the Chu Lai Open Economic Zone.

Spanning nearly 19,000 sq.m, the development will feature five 12-story social housing apartment blocks alongside adjacent commercial townhouses. The project will also include auxiliary facilities such as parking lots, a community center, a kindergarten, and other essential infrastructure. The total estimated investment exceeds VND684 billion ($25 million).

The project is scheduled for implementation between 2026 and 2028, with an operational term of 50 years starting from the date of land allocation or lease.

Meanwhile, the Nui Thanh Social Housing project, that will be developed by Ha My Hung Group Joint Stock Company, covers over 22,000 sq.m with a total investment of more than VND885.2 billion ($33 million).

The project will be located at plots A1 and A2 in the workers' housing zone of the Chu Lai Open Economic Zone.

Its construction is slated to run from the first quarter of 2026 through the end of the fourth quarter of 2028. The primary goal is to provide social housing apartments for sale to eligible beneficiaries under current housing policies, while also developing commercial housing areas in accordance with the Law on Housing.

vneconomy-Thanh Xuan

HCMC to develop 14 new smart and green IPs by 2033

Mon, 13 Apr 2026 07:11:00 GMT

Currently, the city accommodates 105 export processing zones and industrial parks with a total area of more than 50,288 ha.

Under its master development plan, Ho Chi Minh City expects to invest in 14 more new industrial parks (IPs) between now and 2033, covering a total area of approximately 3,833 ha.

According to the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA), the plan follows a "smart and green" model and is divided into three phases.

Four industrial parks of Pham Van Hai I, Pham Van Hai II, Vinh Loc 3, and Nhi Xuan will be developed in phase I (2025–2027); five IPs of An Phu, Trung An, Le Minh Xuan 4, Pham Van Hai III, and Hiep Phuoc 3 in phase 2 (2027–2030); and the remaining of Tan Phu Trung 2, 3, and 4, Binh Khanh 1, and Binh Khanh 2 in phase 3 (2030–2033).

A representative from HEPZA stated that these projects are currently in the planning stage. Since investors have not yet been selected, no significant difficulties or obstacles have arisen during the implementation process.

Once the subdivision planning is approved, HEPZA will advise the City People's Committee on organizing investor selection based on specific criteria. These include financial capacity, project implementation experience, technical expertise, and financial-commercial efficiency. The selection process is committed to ensuring openness, transparency, and compliance with the law.

Currently, the city accommodates 105 export processing zones and industrial parks with a total area of more than 50,288 ha. Among these, 58 zones are operational with an average occupancy rate of approximately 80%.

Vneconomy-Minh Hà

Expansion of southeast Nghe An EZ approved

Thu, 09 Apr 2026 08:36:00 GMT

The economic zone in central Nghe An province will span more than 104,269 hectares.

The Prime Minister has recently approved the expansion of the Southeast Nghe An Economic Zone (EZ) in the central province of Nghe An, significantly increasing its scale and strengthening its strategic role in the country's central region.

Following the adjustment, the economic zone will span more than 104,269 hectares, including over 93,319 hectares of land and 10,950 hectares of sea area.

Investment attraction has shown positive signs. From the beginning of the year to April 5, 2026, the EZ licensed three new foreign direct investment (FDI) projects with total registered capital of $3.3 million. It also approved capital increases for four existing projects, with additional investment exceeding VND454 billion ($17.26 million).

To date, the economic zone and its associated industrial parks host 356 valid projects, with total registered investment surpassing VND217 trillion ($8.25 billion). Of these, 119 are FDI projects with combined capital of $6.46 billion.

Nghe An currently has nine industrial parks covering more than 2,700 hectares, with an average occupancy rate of over 50%.

VnEconomy-Nguyễn Thuấn

Northeast Maritime Institute (US) proposes investment approach for Con Ong – Hon Net Port in Vietnam's Quang Ninh province

Fri, 03 Apr 2026 08:16:00 GMT

Con Ong – Hon Net Port in the northern province is expected to play a key gateway for trade between Vietnam and the US.

Chairman of the Quang Ninh Provincial People’s Committee Bui Van Khang on April 2 held a working session with Mr. Mr. Eric R. Dawicki, President and Chief Executive Officer of Northeast Maritime Institute (US), to discuss orientations for the investment and development of the Con Ong – Hon Net port.

With its strategically important location, the Con Ong – Hon Net port in the northern province of Vietnam offers strong connectivity to various regions across Vietnam. In recent years, the province has mobilized resources to leverage this advantage by developing expressways linking the port with airports, international border gates, and major economic and industrial hubs in Northern Vietnam.

Based on provincial and national seaport planning, relevant departments and agencies, together with the Northeast Maritime Institute (US), have assessed the project’s potential and advantages, while proposing orientations for investment attraction and preparation under the Public-Private Partnership (PPP) model. These include expanding port logistics space to support logistics services and clean industries, as well as zoning functional areas with a focus on service development.

Notably, Mr. Eric R. Dawicki proposed studying the development of the Con Ong – Hon Net port to global standards, aiming to make it one of Vietnam’s leading modern and integrated seaports, and a key gateway for trade between Vietnam and the US.

Regarding this proposal, Chairman of the Quang Ninh Provincial People’s Committee Bui Van Khang expressed strong support and agreement, and called for further research to soon realize the investment plan in line with global standards. The project is expected to make an important contribution to strengthening economic and trade cooperation between Vietnam and the United States.

The province is committed to accompanying investors by providing maximum support in administrative procedures, improving infrastructure, and creating the most favorable conditions to accelerate research and implementation of the project in the coming time.

The provincial leadership also requested relevant departments, agencies, and localities to closely coordinate with the Northeast Maritime Institute to further specify ideas and continue studying investment options. This includes clearly defining functions, objectives, scale, detailed zoning, project components, and land allocation as a basis for planning and selecting appropriate investment models.

He also emphasized the need to establish a clear roadmap and implementation timeline, while carefully assessing the current status of the area, ongoing and planned projects, and upgrading transport connectivity infrastructure. In addition, it is necessary to clearly define shipping channels, port logistics systems, and land-use orientations.

Vneconomy -Phuong Nhi

Thanh Hoa licenses 28 new projects worth $1.14bln

Fri, 03 Apr 2026 01:30:00 GMT

The projects focusing on various fields, including: industry, processing, infrastructure, and services aimed at creating growth momentum in the near future.

Authorities of Thanh Hoa province, central Vietnam, granted investment approvals and certificates for 28 projects worth around VND30 trillion ($1.14 billion) at a recent investment promotion conference.

The projects focus on various fields, including: industry, processing, infrastructure, and services aimed at creating growth momentum in the near future.

Among the licensed projects, infrastructure projects for industrial zones and clusters account for the majority, with a total area of hundreds of hectares.

For example, the Project of Industrial Zone No. 16 in Nghi Son Economic Zone, invested by Greenwich Vietnam Group, has a scale of 401.55 hectares and an investment capital of nearly VND3 trillion ($114 million).

In addition, there is the Infrastructure Project of Tan Cang Thanh Hoa Industrial Zone in Luu Binh Industrial Park, covering 160.91 hectares with an investment of over VND1.96 trillion, and the Infrastructure Project of the Vietnam-India Pharmaceutical Industrial Zone Phase 1, with an area of 142.2 hectares and an investment capital of more than VND1.47 trillion.

VnEconomy-Thiên Anh

Hanoi issues action plan to implement smart city development project

Wed, 01 Apr 2026 23:00:00 GMT

By 2030, the city strives to meet the sustainable smart city criteria established by the Ministry of Construction and break into the Top 50 of prestigious global smart city rankings.

Hanoi has officially issued an Action Plan to implement the "Smart Hanoi City" project, aiming to build a "Cultured – Civilized – Modern – Happy" capital.

The initiative envisions Hanoi becoming a leading smart urban center in the Asia-Pacific region, serving as a uniquely Vietnamese model that preserves the distinct identity of Thang Long – Hanoi.

By 2030, the city strives to meet the sustainable smart city criteria established by the Ministry of Construction and break into the Top 50 of prestigious global smart city rankings.

Under the plan, urban governance will be powered by data, digital platforms, and 24/7 public services, creating a unified data foundation for the entire Capital Region. This includes a centralized management model driven by the City’s Intelligent Operations Center (IOC), which will connect with ward-level units and specialized platforms. Artificial intelligence will also be gradually deployed to analyze, forecast, and support decision-making in critical sectors.

Hanoi's urban planning will shift toward a multi-polar, multi-center model that emphasizes innovation and climate resilience. New infrastructure, urban zones, and industrial parks are to be "smart from the start," allowing for remote monitoring and centralized management throughout their lifecycle.

Specifically, the city targets 100% 3D digitization of detailed planning integrated with GIS, while 95% of main roads will be equipped with AI cameras and traffic sensors. Furthermore, 70-80% of technical infrastructure will be monitored remotely, and 100% of environmental monitoring points will be digitized to provide smart alerts for flooding and natural disasters.

To enhance the experience for residents and businesses, Hanoi aims to provide personalized, proactive services that minimize administrative procedures.

The plan mandates that 100% of public services be delivered through full-process online systems, including online platforms for reporting field-level issues. This digital ecosystem will be supported by an integrated urban data warehouse encompassing all departments, with the goal of collecting 70% of operational data in real-time to ensure efficient city management.

Vneconomy-Thanh Xuân

Da Nang breaks ground on new IP at Chu Lai Open EZ

Tue, 31 Mar 2026 09:50:00 GMT

The project covering nearly 436 hectares with a total investment of more than VND4.15 trillion ($160 million).

Authorities of central Da Nang city on March 29 broke ground on the Tam Anh – An An Hoa Industrial Park in the Chu Lai Open Economic Zone, a major project expected to boost industrial development in the central region.

The project covers nearly 436 hectares with a total investment of more than VND4.15 trillion ($160 million).

The industrial park is designed as a modern, eco-industrial zone, prioritising high-tech and clean industries, including electronics, mechanical engineering, automobiles, pharmaceuticals, materials, deep processing, and logistics services.

Speaking at the groundbreaking ceremony, Vice Chairman of the Da Nang People’s Committee Phan Thai Binh said the project plays a crucial role in completing the 1,545-hectare industrial land plan approved by the Prime Minister. It is expected to expand industrial land supply and strengthen linkages with nearby industrial parks, forming a key growth hub in southern Da Nang.

Once operational, the park will connect with neighbouring zones such as Tam Hiep, Chu Lai–Truong Hai and Bac Chu Lai, creating an integrated production and logistics network and providing fresh momentum for the city’s socio-economic development.

VnEconomy-Anh Văn

Construction of new IP in An Giang kicks off

Tue, 31 Mar 2026 07:30:00 GMT

The 199-ha park expected to prioritise high-tech industries, food processing, agro-aquaculture, logistics, textiles, construction materials, and electronics.

TT Group on March 30 broke ground on the Vam Cong Industrial Park infrastructure development project in the Mekong Delta province of An Giang, marking a key step in boosting the locality’s socio-economic development.

Covering 199.2 hectares, the industrial park is located at the southeastern gateway of the province's Long Xuyen urban area, which holds strong advantages in infrastructure connectivity and trade.

Situated along both sides of the National Highway 91 bypass, the project offers convenient access to the urban area, while ensuring space for modern, sustainable industrial development separated from residential areas. It is also about 3.5km from the western North–South Expressway and connects to the Chau Doc–Can Tho–Soc Trang expressway, facilitating transport to Ho Chi Minh City, Can Tho and other key economic hubs.

The industrial park benefits from direct links to My Thoi Port on the Hau River, a major logistics hub with an expected capacity of 1.5 million tons per year, enabling cost-efficient bulk cargo transport. It is also within 50–55km of Can Tho International Airport, supporting a multi-modal transport network.

The park is expected to prioritise high-tech industries, food processing, agro-aquaculture, logistics, textiles, construction materials, and electronics.

Once operational, it is projected to create around 7,800 jobs and strengthen the region’s capacity to attract investment in high value-added industries.

VnEconomy-Thu Ngân

Hue seeks investors for $68 mln northern urban area

Tue, 31 Mar 2026 03:40:00 GMT

The Northern Urban Area 2 project is a key component of the master plan for Hue City’s northern region—an area designated to become a primary space for urban expansion in the future.

The Hue City Department of Finance has announced the call for investment for the Northern Urban Area 2 project. Strategically located within the Huong An and Kim Tra wards, the development will cover a total land area of approximately 22 ha, with a total invesment capital estimated at over VND1.8 trillion (nearly $68.5 million).

The project is designed to establish a synchronized urban zone with comprehensive technical and social infrastructure, aimed at meeting the growing demand for housing and services in the region.

In terms of development scale, the project is expected to provide approximately 350 individual housing units, including townhouses and garden houses.

Additionally, a dedicated social housing fund will be established with approximately 48,608 sq.m of floor area for apartment-style units, equivalent to about 530 apartments.

The urban area will also feature 2,197 sq.m of commercial and service floor space, along with educational facilities and public utilities, contributing to a complete urban ecosystem for both internal residents and neighboring areas.

According to the plan, the project has an operational term of 50 years starting from the date of land allocation or lease. The total implementation period is set at no more than 120 months (10 years), of which the construction of technical infrastructure must be completed within a maximum of 36 months.

The Northern Urban Area 2 project is a key component of the master plan for Hue City’s northern region—an area designated to become a primary space for urban expansion in the future.

Vneconomy-Nguyễn Thuấn

Real estate continues to lead MA activity

Tue, 31 Mar 2026 02:30:00 GMT

Beyond the residential segment, industrial real estate and logistics have also become prime destinations for MA capital.

Vietnam’s MA market continues to record numerous deals of significant scale and value across a wide range of sectors, with real estate emerging as the leading force. With five major deals, the property sector reflects a strong ongoing trend of restructuring and asset transfers.

According to data from Grant Thornton Vietnam, the market saw 27 announced deals in the first two months of 2026, with a total estimated value of approximately $554.9 million. Specifically, January recorded 16 transactions worth $444.7 million, while February saw 11 deals totaling $110.2 million.

Transactions spanned various fields, including real estate, technology, consumer goods, food and beverages (FB), healthcare, tourism and hospitality, and public utilities.

Real estate maintained its leading position with five deals, although only three had disclosed values, totaling approximately $392.7 million. These transactions primarily focused on the restructuring and transfer of component projects, mirroring broader investment trends and the reorganization of assets within the industry.

Beyond the residential segment, industrial real estate and logistics have also become prime destinations for MA capital. JLL Vietnam noted that the rapid growth of e-commerce and supply chains is driving massive demand for warehouses, logistics centers, and industrial infrastructure.

Despite the dominance of real estate, the Vietnamese MA market continues to offer attractive opportunities in other sectors, reflecting overall market vitality and a trend toward transaction diversification.

Grant Thornton experts observe that Vietnam entered 2026 with strong macroeconomic growth momentum, bolstered by resilient exports, sustained high levels of foreign direct investment (FDI), and large-scale infrastructure projects.

Furthermore, structural reforms implemented in 2025—particularly policy innovations aimed at fostering the private sector, increasing legal predictability, and enhancing financial transparency—are expected to significantly improve deal execution and solidify investor confidence.

The market outlook is further brightened by the modernization of capital markets, a resurgence in IPO activity, and the high expectation that FTSE will upgrade Vietnam to "emerging market" status in 2026. These factors are expanding exit channels and supporting valuation levels for MA participants.

However, analysts caution that the market will remain selective. Strategic investors are expected to maintain their leading role in transaction activity, while financial investors are likely to continue a cautious and disciplined pace of capital deployment.

Vneconomy-Hoàng Bách

HCM City approves 28 real estate firms to pilot commercial housing projects

Tue, 31 Mar 2026 02:00:00 GMT

The move aimed at easing long-standing bottlenecks in the property market.

Ho Chi Minh City has approved 28 real estate firms to pilot commercial housing projects across the city, in a move aimed at easing long-standing bottlenecks in the property market.

According to an official notice issued by the municipal People’s Committee, the selected developers will be allowed to implement projects through two main mechanisms: negotiating to acquire land-use rights or utilizing existing land reserves. The more flexible approach to land access is seen as a key breakthrough, helping address one of the market’s biggest challenges—securing legally compliant land for project development.

Authorities have also been instructed to facilitate the next steps for investors, ensuring projects are implemented on schedule and in line with legal regulations.

The list of 28 projects is widely distributed across the city, with a strong concentration in the former city of Thu Duc, which is emerging as a major growth driver for the real estate market.

Notable projects include the Thien Ha complex in the former city of Thu Duc, covering more than 135,000sq.m with an estimated investment of VND29.43 trillion ($1.12 billion), making it the largest in the list. Other key developments include the Tan Kien mixed-use residential and commercial project in the city’s western area, and the Phuoc Long B high-rise complex (Opal City) in Thu Duc.

VnEconomy-Thiên Di

Hanoi allocates $32 bln for medium-term public investment in 2026-2030

Tue, 31 Mar 2026 01:30:00 GMT

A core focus of this strategy is to resolve developmental "bottlenecks," particularly in transport, dike systems, and irrigation to adapt to climate change.

The 17th Hanoi People's Council has officially passed a Resolution regarding the city's five-year public investment plan for the 2026–2030 period.

According to the Resolution, Hanoi will concentrate its public investment capital on large-scale projects with high spillover effects. Key priorities include the urban railway (metro) system, inter-regional transport infrastructure, and national key projects. Significant funding will also be channeled into science and technology, innovation, digital transformation, education, training, and culture.

The city aims for public investment to account for approximately 20% of the total social development investment, while striving to achieve a 100% disbursement rate of the assigned plan. Resource allocation must align strictly with the Planning for the capital city development with a long-term vision, ensuring that investments are concentrated rather than fragmented, enhancing capital efficiency, and maintaining tight control over investment objectives.

A core focus of this strategy is to resolve developmental "bottlenecks," particularly in transport, dike systems, and irrigation to adapt to climate change. Simultaneously, the plan promotes a multi-center urban development model and strengthens regional and inter-provincial connectivity.

The total medium-term public investment for Hanoi during 2026–2030 is set at nearly VND864.7 trillion (nearly $32.7 billion).

Funds will be allocated according to a clear order of priority: national priority projects, urgent projects, and target programs.; repayment of advanced capital and payments for completed projects; and official Development Assistance (ODA) programs and Public-Private Partnership (PPP) projects.

For new projects, the city will prioritize breakthrough works capable of resolving major "bottlenecks," specifically the urban railway system, regional connectivity projects, science and technology development, digital transformation, and high-quality human resource training.

To ensure funding, the city will implement solutions to mobilize resources, such as the efficient management of public assets, land fund development, and the promotion of PPP models. Additionally, Hanoi plans to practice thrift in recurring expenditures to prioritize capital for development investment.

Vneconomy-Gia Huy

VARS seeks feedback on new professional standards for real estate brokerage

Mon, 30 Mar 2026 02:53:00 GMT

Dr. Nguyen Van Dinh, Chairman of VARS, emphasized that these standards serve not only as a benchmark for the entire market but also as a vital foundation for building trust with customers and society, ultimately dispelling long-standing negative prejudices against the brokerage industry.

The Vietnam Association of Realtors (VARS) on March 28 held a consultative meeting to gather feedback on the draft "Vietnam Real Estate Brokerage Professional Standards" (VREB).

During the event, Mr. Nguyen Manh Quynh, Deputy Secretary General of VARS, stated that the VREB is designed as a comprehensive professional framework. Its goal is to evaluate the operational capacity of all entities participating in the real estate brokerage market.

The VREB is structured into two primary sets of standards. For brokerage firms, 10 categories include legal compliance; professional ethics; organization and management; brokerage processes and operations; financial and business capacity; human resources; infrastructure; technology and communications; customer care; and social responsibility. Six categories for individual brokers consist of legal compliance; professional ethics; specialized knowledge; brokerage skills; practical practice capacity; and service quality and professional development.

To ensure the VREB is effective in practice, VARS representatives emphasized the need for continuous review and refinement based on stakeholder contributions to ensure the standards remain feasible and aligned with market realities.

Contributing to the discussion, Chairwoman of EximRS Real Estate JSC, Tran Cam Tu, proposed specific refinements for the corporate standards. She emphasized that legal compliance is a mandatory, foundational requirement for every business.

Regarding ethics, Ms. Tu argued that professional codes of conduct must apply to both firms and individuals.

"When ethics are set as the foundation, practitioners are naturally guided toward proper behavior and strict adherence to principles and regulations," she noted.

She also highlighted financial capacity as a decisive factor for operational stability and legal compliance, warning that a lack of financial control could lead to market distortions.

Regarding the standards for individual brokers, Mr. Nguyen Van Loi, a regional representative of VARS, suggested streamlining the current six categories into three core pillars to ensure simplicity and ease of implementation: legal compliance, work efficiency, and professional ethics.

According to Dr. Nguyen Van Dinh, Chairman of VARS, the VREB aims to standardize and elevate the real estate brokerage profession.

He emphasized that these standards serve not only as a benchmark for the entire market but also as a vital foundation for building trust with customers and society, ultimately dispelling long-standing negative prejudices against the brokerage industry.

Vneconomy-Thanh Xuân

$45 mln residential complex breaks ground in downtown Hue city

Sun, 29 Mar 2026 23:00:00 GMT

Once completed, the complex is expected to accommodate a population of around 1,800 residents.

A groundbreaking ceremony for the Vlasta Premier - Phu Hoi housing project officially took place on March 29 in Thuan Hoa Ward, Hue City, central Vietnam.

Situated at the intersection of Tran Cao Van and Nguyen Tri Phuong streets, the project occupies a prime central location in the heart of the ancient capital of Vietnam.

The development is positioned at a strategic crossroads between Hue’s two distinct urban spaces: the historic heritage district north of the Huong River and the modern urban area to the south.

This location offers significant connectivity and is expected to drive commercial and service growth, especially given its proximity to the central pedestrian zone, which is ideal for cultural and tourism activities.

According to the developer, the project spans more than 17,213 sq.m with a total investment of approximately VND1.192 trillion (over $45 million). The master plan includes two apartment towers and seven rows of townhouses, set to deliver 482 apartments and 55 townhouses to the market. Once completed, the complex is expected to accommodate a population of around 1,800 residents.

Speaking at the groundbreaking ceremony, Vice Chairman of the Hue City People’s Committee, Phan Quy Phuong, emphasized that the project will do more than just increase the local housing supply. He highlighted that Vlasta Premier - Phu Hoi will serve as an architectural landmark, enhancing the quality of urban spaces and contributing significantly to the economic development of the local area.Gửi lên

Vneconomy-Nguyễn Thuấn

Hanoi office market shifts after a decade of growth

Sun, 29 Mar 2026 01:10:00 GMT

Experts believe that as the market matures, the next chapter of Hanoi’s office sector will be defined by multipolar development, flexible workplace design, operational efficiency, and an ESG-oriented growth strategy.

After ten years of rapid expansion, Hanoi’s office market is entering a new development phase. This period is characterized by a strong shift toward quality, decentralization from the city center, and a tenant-centric approach.

According to Cushman Wakefield Vietnam, the total office supply in Hanoi has surged by approximately 160% over the last decade, reaching an estimated 1.74 million square meters by 2025. Grade A supply has led this growth, outpacing Grade B and providing tenants with more high-end options in the market’s premium segment. Despite this growth, Hanoi’s Grade A supply remains one of the smallest in the Asia-Pacific (APAC) region, even though its rental rates are among the highest.

This reflects a relatively limited supply of premium space compared to regional peers. However, the market continues to draw strong interest from tenants seeking high-quality, efficient, and "future-ready" workspaces.

Mr. Nguyen Phuoc Thuan, head of Leasing at Cushman Wakefield Vietnam, noted that the Hanoi office market is no longer defined solely by scale. Instead, there is a visible shift in the factors tenants value most. Tenants are becoming increasingly selective, prioritizing quality, operational efficiency, strategic location, and ESG (Environmental, Social, and Governance) standards. These factors are now reshaping leasing decisions across the market.

A significant structural trend highlighted by Cushman Wakefield is the movement of supply away from the city center. While Hoan Kiem remains the traditional Central Business District (CBD), office supply is now more widely distributed across former districts such as Ba Dinh, Dong Da, Cau Giay, and Tay Ho.

Furthermore, recent market movements reflect a clear "flight to quality." Notably, there is a rising supply of green-certified office spaces. Demand remains driven by core sectors, including information technology (IT), banking and finance, and manufacturing.

Forecasts suggest that Hanoi will welcome a significant wave of supply over the next three to five years, with more than 120,000 square meters of new office space entering the market annually. This growth is expected to come primarily from Grade A projects located outside the traditional Central Business District (CBD).

Echoing this sentiment, Mr. William Gramond, Director of Commercial Leasing at Savills Hanoi, noted that while supply is rising, leasing demand is expected to remain positive. However, it is becoming increasingly selective, with a clear preference for products that offer superior quality, operational efficiency, and a better user experience.

This trend is driving the formation of office clusters integrated with modern infrastructure and new urban areas outside the city center. Meanwhile, the core city center will continue its role as a hub for corporate headquarters and high-value functions.

According to Mr. Gramond, expanding beyond the city center is no longer just a cost-saving measure; it has evolved into a strategic decision. This shift is being fueled by rapidly improving infrastructure, the rise of high-quality supply, and the need for businesses to access talent and essential daily amenities.

Experts believe that as the market matures, the next chapter of Hanoi’s office sector will be defined by multipolar development, flexible workplace design, operational efficiency, and an ESG-oriented growth strategy.

Vneconomy-Thanh Xuân

New real estate firms surge despite market pressures

Thu, 26 Mar 2026 09:00:00 GMT

Nearly 960 firms established in the first two months of 2026, up 95% year-on-year.

The real estate sector saw a sharp increase in new firms in the first two months of 2026 with 959 established, up 94.9% year-on-year, according to the National Statistics Office.

However, 480 companies in the sector dissolved, marking a 108.7% increase.

Mr. Le Dinh Chung, CEO of SGO Homes, said the figures reflect a market where opportunities and challenges coexist, forcing firms to adapt to mounting pressures. High interest rates, macroeconomic volatility, and cautious investor sentiment continue to weigh on the sector.

On a positive note, the government has stepped up efforts to resolve legal bottlenecks, paving the way for improved housing supply. Large-scale projects are expected to be rolled out in 2026.

However, new approvals remain largely concentrated among financially strong developers, while smaller projects are becoming scarce, especially in Hanoi.

Experts say the market is moving toward healthier, more transparent growth, with reduced speculation and a stronger focus on meeting real housing demand.

VnEconomy-Thanh Xuân

PM orders stronger price management over construction materials, accelerating key transport projects

Mon, 23 Mar 2026 10:00:00 GMT

The move aiming to ensure progress of major national transport projects.

Prime Minister Pham Minh Chinh has issued an urgent directive calling for stronger measures to stabilise prices of fuel, raw materials and construction inputs, while accelerating site clearance and construction of major national transport projects.

Under the PM’s Official Dispatch dated March 21, provincial and municipal leaders are required to step up oversight and accountability in implementing projects, with a focus on resolving bottlenecks and speeding up compensation, resettlement and technical infrastructure relocation.

Provinces including Tuyen Quang, Lang Son, Quang Tri, Quang Ngai, Dak Lak, Dong Nai, Lam Dong and An Giang have been instructed to resolve outstanding issues and complete the handover of remaining land for key projects within March.

Meanwhile, Bac Ninh, Dong Nai and Lam Dong must accelerate site clearance for major projects such as Hanoi’s Ring Road 4 and the Dau Giay–Tan Phu and Tan Phu–Bao Loc expressways to avoid delays.

On price management, local authorities are tasked with tightening inspections and strictly handling speculation, hoarding, price manipulation and market distortion, while ensuring adequate supplies for priority national projects and urgent public works.

They are also required to review mineral reserves and boost licensing and extraction capacity of construction materials to meet demand.

Relevant ministries, localities and investors have been told to closely monitor fuel and material price fluctuations, assess impacts on project costs and contracts, and take appropriate measures to ensure progress of key national projects.

VnEconomy-Gia Huy

Legal preparatory steps for crypto asset market

Sun, 22 Mar 2026 09:46:00 GMT

Work continues on developing a framework for the regulation of a crypto asset market in Vietnam.

Vietnam’s crypto asset market remains in its early, pilot stage. As such, during the five-year pilot period, the framework will be continually reviewed and fine-tuned to ensure it operates in line with market developments. Experts believe that if the implementation of Resolution No. 05/2025/NQ-CP on the pilot rollout of the crypto asset market in Vietnam delivers positive outcomes and receives strong social acceptance, a standalone law on crypto assets could be developed.

Sharing insights into the process of drafting Resolution No. 05, Ms. Le Thi Hoang Thanh, Deputy Director General of the Department of Economic-Civil Legislation at the Ministry of Justice (MoJ), said the issue of legally institutionalizing crypto assets had been raised as early as ten years ago and had undergone extensive debate. These discussions focused on three core questions: whether crypto assets should be recognized as assets; which legal instrument should be used and whether the Civil Code would need to be amended; and which ministry should assume primary responsibility. After extensive inter-ministerial discussions, consensus was eventually reached, Ms. Thanh said.

Regulatory rollout

Accordingly, crypto assets were recognized as assets, as they possess all essential attributes of assets, including being the result of labor, production, and investment, having identifiable value, and being capable of existing as physical assets or property rights depending on their structure. It was also agreed that the Civil Code, as the foundational law, should remain unchanged, as it is designed to regulate only stable and general social relations.

Both the Ministry of Finance (MoF) and the MoJ supported issuing a dedicated regulatory instrument tailored to this special class of assets. Regarding institutional responsibility, the MoF was designated as the lead agency, given the financial nature of crypto assets and their role in capital mobilization.

According to Mr. To Tran Hoa, Standing Deputy Head of the Management Board for the Digital Asset Trading Market at the State Securities Commission (SSC) under the MoF, Article 17 of Resolution No. 05 assigns several key tasks to the Ministry. First is the drafting of a decree on administrative sanctions in the crypto asset sector, which has already been submitted to the government for promulgation.

Second, the resolution requires the MoF to coordinate with other ministries to provide detailed guidance on its implementation. Two major issues are currently being addressed: accounting and auditing regimes for enterprises participating in the crypto asset market, and tax regimes applicable to crypto asset-related activities.

Mr. Hoa said the Ministry is drafting three circulars: one on accounting and auditing regimes for crypto asset service providers, issuers, and trading enterprises; one on tax policy, setting out a framework for applicable tax rates; and one defining taxable entities and providing guidance on tax collection. “The SSC is coordinating with relevant units under the Ministry, and these circulars are expected to be issued in the first quarter of 2026,” he said.

In parallel, the SSC has submitted proposals for ministerial-level decisions, including a decision issuing an implementation plan for Resolution No. 05, which establishes professional focal points to support market operations.

In addition, the Commission has submitted Decision No. 96 on administrative procedures to the MoF for issuance. On January 20, it officially opened the portal to receive the first registration applications from organizations seeking to provide crypto asset services.

Ms. Nguyen Van Hien, Vice Chairwoman and Secretary General of the Vietnam Blockchain and Digital Assets Association, said a series of legal frameworks had been issued during 2024-2025 to accelerate market development. “We often joke that just over one year of policy-making has achieved what would normally take ten years to build,” she said.

While Vietnam entered the field later than some countries, Ms. Hien noted that it has actively learned from and adapted international regulatory models. As a result, Vietnam is not moving slowly but rather at a relatively fast pace, with basic legal frameworks already in place. She expressed an expectation that more specialized and in-depth regulations would follow.

From a legislative perspective, Mr. Nguyen Hai Nam, Standing Member of the National Assembly’s Economic and Financial Committee, said Vietnam’s approach reflects two key realities: its relatively large volume of crypto asset transactions compared to global markets, and its strong pool of information technology engineers. These factors, he said, underscore the sector’s development potential.

He added that the Law on Digital Technology Industry, passed in June 2025 and effective from January 1, 2026, includes provisions on digital assets under the Civil Code, signaling a gradual legal formalization of real-economy developments. In addition, pressure from international organizations such as the Financial Action Task Force to strengthen anti-money laundering and counter-terrorist financing measures has reinforced the government’s resolve. Resolution No. 05 was issued just three months after the Law’s passage. “The approach is gradual, proactive, and cautious, ensuring development while maintaining legislative discipline, system security, and investor protection,” Mr. Nam said.

Towards a dedicated law

Experts emphasized that current legalization efforts do not amount to the immediate and full legitimization of the crypto asset market, but rather the establishment of a foundational framework for future growth. Once such a framework is in place, key questions will include how Vietnam identifies and channels global capital flows, estimated at more than $220 billion, how transactions are structured, and how many Vietnamese currently hold crypto assets.

Under Resolution No. 05, crypto asset exchanges operating during the pilot phase will serve two groups: Vietnamese investors currently trading on overseas platforms, and foreign investors, particularly those interested in crypto assets linked to real-world assets; a segment forecast to grow strongly through 2030.

Ms. Hien said a robust legal framework would enhance transparency and investor confidence. After the pilot phase, crypto assets could become accessible to both international and domestic investors, creating opportunities to attract new capital into Vietnam. “We expect the initial legal framework to continue evolving, with the crypto asset market potentially developing in parallel with the stock market,” she said.

Ms. Thanh noted that sufficient grounds already exist to move beyond Resolution No. 05, which has a five-year validity period. Depending on implementation outcomes, higher-level legal instruments could be considered even before the pilot period concludes.

She outlined three possible paths: issuing a decree to guide implementation of the Law on Digital Technology Industry, continuing with a National Assembly pilot resolution at a higher legal level, or, ideally, enacting a standalone law on crypto assets. “The choice will depend on implementation effectiveness and social demand,” Ms. Thanh said. “If Resolution No. 05 delivers positive results and broad social acceptance, a dedicated law on crypto assets would be appropriate, one that balances effective management with the promotion of market development.”

Mr. Nam added that international practice typically progresses from framework laws to pilot sandboxes and eventually to specialized legislation. Vietnam is currently in the second phase, requiring time for implementation, supervision, and evaluation. Once data is sufficiently mature, policymakers can determine the appropriate timing for a specialized law, aligned with Vietnam’s broader economic context.

VET-Thuy Dieu

Dong Nai to develop concentrated digital technology park

Fri, 20 Mar 2026 10:00:00 GMT

The development aiming to establish a key information technology center, providing infrastructure for digital applications and innovation.

Authorities of southern Dong Nai province have approved a zoning plan for the Long Thanh Concentrated Digital Technology Park, aimed at developing a major hub for Vietnam’s digital economy.

The park will cover more than 119 hectares in An Phuoc and Binh An communes, with over 117 hectares allocated for development.

The park is designed as an integrated digital technology complex, comprising functional zones for production and business of digital products and services, research and development, training and technology incubation, as well as office space for management and operations. It will also include technical infrastructure, exhibition and communications areas, along with supporting services such as accommodation, finance and banking.

The project is expected to employ between 9,500 and 10,500 workers.

The development aims to establish a key information technology center, providing infrastructure for digital applications and innovation. It is also intended to foster IT industry growth, support research and technology transfer, incubate digital enterprises and attract investment in high-value technology services.

Authorities expect the park to create a favourable investment environment, drawing both domestic and foreign capital and technologies, while helping position the IT sector as a key economic driver.

The project will also support the development of locally made digital products to replace imports and enhance competitiveness, while contributing to Vietnam’s broader economic growth and strengthening its digital technology brand.

VnEconomy-Thiên Di

Vietnam’s first apartment management association debuts

Fri, 20 Mar 2026 09:42:00 GMT

The Ho Chi Minh City Apartment Management Association (HCMO) will serve as a vital bridge between businesses, residents, and state management agencies.

The inaugural congress of the Ho Chi Minh City Apartment Management Association (HCMO) took place on March 19, marking the official launch of the first-ever professional body dedicated to apartment building operations and management in Vietnam.

Approved by the Ho Chi Minh City People’s Committee, HCMO formally held its first general meeting for the 2026–2031 term. This landmark event represents a significant step in meeting the practical needs of society and the rapid growth of the urban real estate market.

HCMO will serve as a vital bridge between businesses, residents, and state management agencies. Its primary mission is to foster cooperation, facilitate the sharing of professional experience, and enhance the overall quality of management services.

Speaking at the event, Mr. Nguyen Tien Dung, the newly elected Chairman of HCMO, emphasized: "During the 2026–2031 term, HCMO aims to build a robust organization focused on connectivity and sustainable growth. The association will prioritize elevating service quality, standardizing apartment management operations, cultivating a modern 'apartment culture,' and driving sustainable urban development. Furthermore, HCMO will act as an official forum to resolve disputes and promote civilized conduct within residential communities."

Industry experts evaluate the establishment of HCMO as more than just a win for HCM City; it is a pioneering model for the entire country.

As the first professional organization of its kind in Vietnam, it lays the essential foundation for standardizing and professionalizing the apartment management industry nationwide. HCMO is expected to share its expertise, standards, and positive values with other provinces, contributing to the development of a synchronized, modern, and sustainable apartment management system across Vietnam.

Vneconomy-Hồng Vinh

HCMC targets compele site clearance for $4-billion Ben Thanh–Can Gio railway

Thu, 19 Mar 2026 07:16:00 GMT

The 54-km railway expected to be put into operation by 2028.

Ho Chi Minh City authorities have issued a compensation, support and resettlement plan for the Ben Thanh–Can Gio railway project, aiming to hand over cleared land by October.

The city targets completing all compensation, assistance and resettlement work, along with site clearance, in the fourth quarter of 2026, paving the way for construction and operation by 2028.

The Ben Thanh–Can Gio railway will stretch more than 54 kilometers, linking September 23 Park in the city center with the Can Gio coastal urban area.

The project is estimated to cost between VND85 trillion and VND102 trillion (approximately $3.3–4 billion).

Designed for speeds of up to 350 km/h, the line is expected to cut travel time between the two areas to just 12–20 minutes. It is considered a key infrastructure project that will not only improve connectivity but also ease congestion on existing road networks.

By connecting the city center with its southern coastal zone, the railway is expected to deliver significant economic and social benefits, while supporting the long-term development of Can Gio and surrounding areas.

VnEconomy-Phạm Vinh

Mechanisms to support developers of coastal reclamation areas in Da Nang proposed

Wed, 18 Mar 2026 23:30:00 GMT

Regarding foreign ownership, strategic investors are permitted to transfer housing to foreign organizations and individuals, capped at 50% of the total apartments in a single building.

The Ministry of Justice has released appraisal documents for a draft Government Decree regarding specific mechanisms and policies for sea reclamation urban projects in Da Nang City, central Vietnam.

The draft Decree consists of nine articles. Notably, Article 5, which governs land, resources, and environment, proposes several significant mechanisms.

Specifically, strategic investors of sea reclamation urban projects would not be required to reserve a portion of the residential land within the project for social housing, nor would they be required to provide social housing land with completed technical infrastructure at alternative locations outside the project’s scope. However, investors must pay a financial contribution equivalent to the value of the residential land (including technical infrastructure costs) that would have been used for social housing.

Additionally, strategic investors are permitted to transfer parts of the project once the technical infrastructure for those areas has been completed in accordance with the detailed planning. These investors are also granted lump-sum land leases from the State for the entire project duration and are permitted to sub-lease land use rights for portions where infrastructure is complete.

For sub-lessees, their rights and obligations are determined by their payment method. Specifically, if they pay the land rent in a one-off lump sum for the entire lease term, they hold the same rights and obligations as those who lease land directly from the State via lump-sum payment. If they pay annually, their rights and obligations follow the regulations for annual land rent under the Land Law.

Regarding foreign ownership, strategic investors are permitted to transfer housing to foreign organizations and individuals, to be capped at 50% of the total apartments in a single building. For individual houses (villas or terraced houses) in an area with a population scale of 10,000 people, foreign ownership—through purchase, lease-purchase, donation, or inheritance—is limited to a maximum of 250 units, except for projects located in sensitive national defense and security zones.

Furthermore, strategic investors may transfer up to 50% of non-residential construction projects within the sea reclamation area to foreign organizations and individuals. This includes tourist apartments (condotels), resort villas, office-tels, and construction floor areas.

Vneconomy-Hoàng Bách

Da Nang approves investor for $1.72 bln container port project

Tue, 17 Mar 2026 10:30:00 GMT

The Lien Chieu port expected to have a designed capacity of about 5.7 million TEUs per year, equivalent to roughly 74 million tons of cargo annually.

The People’s Committee of central Da Nang city has approved a consortium of investors for the nearly VND45.27 trillion ($1.72 billion) Lien Chieu container port project.

The winning consortium includes Hateco Group, Hateco Seaport Company and APM Terminals of the Netherlands, which will act as the lead partner.

The Lien Chieu container port project will cover around 172.6 hectares, including nearly 147 hectares of land and about 25.7 hectares of water surface in front of the berths.

Once completed, the port is expected to have a designed capacity of about 5.7 million TEUs per year, equivalent to roughly 74 million tons of cargo annually.

The project will operate for 50 years from the date the land or maritime area is allocated or leased.

Construction is scheduled to be carried out in three phases between 2026 and 2036.

VnEconomy-Ngô Anh Văn

Hanoi real estate supply expected to 'accelerate' in 2026

Mon, 16 Mar 2026 23:40:00 GMT

In the commercial sector, Hanoi's retail market is expected to add 300,771 sq.m of floor space from 11 projects by 2026.

As the market enters 2026, the supply of new real estate in Hanoi is expected to accelerate, shaping a multi-polar development model closely linked to infrastructure and the expanding role of satellite cities.

In the residential segment, supply for 2026 is projected to reach approximately 18,454 units, primarily in the Grade A and B categories, noted Ms. Do Thu Hang, Senior Director of Research and Advisory at Savills Hanoi.

In the short term, primary prices are expected to maintain an upward trend. Meanwhile, secondary prices have already surpassed primary prices across all segments, reflecting a growing demand for move-in-ready apartments and high-quality living environments.

In the long term, the market's fundamental factors remain positive. Infrastructure expansion is set to unlock new residential areas. Key projects, such as Belt Road 4, various metro lines, and new bridges spanning the Red River, will support urban expansion and contribute to a more diverse housing supply in the future.

In the commercial sector, Hanoi's retail market is expected to add 300,771 sq.m of floor space from 11 projects by 2026. Director of Savills Hanoi, Matthew Powell, observed that the retail market continues to face limited supply, with shopping malls remaining the dominant format. Inner-city areas record the highest retail density, reinforcing their role as the capital's primary retail hubs, while the city center remains constrained by space and accounts for only a small portion of the total supply.

Luxury brands continue to prioritize street-front locations in Hoan Kiem Ward to maximize brand visibility and presence. However, there is a gradual shift toward high-end, professionally managed shopping malls in other inner districts.

Regarding the hospitality sector, a recovery in tourism and steady FDI inflows are bolstering long-term demand, particularly for hotels and high-quality serviced apartments. Future supply will be concentrated mainly in the western and inner-city areas, with an increasing share of projects managed by domestic operators.

Between now and 2028, the entry of high-quality hotels is expected to further drive growth in tourism and the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry.

Vneconomy-Thanh Xuân

Hue city calls for investors for 225-ha industrial park project

Mon, 16 Mar 2026 07:10:00 GMT

Total investment capital estimated at VND1.7 trillion (around $67 million).

The Management Board of Economic and Industrial Zones in central Hue city has called for investors to participate in the development and operation of the infrastructure for La Son Industrial Park – Zone No. 2.

The investor will be selected through a bidding process in line with regulations governing land-use projects.

The industrial park will cover more than 225 hectares and is expected to become an important industrial land reserve, helping expand industrial development space and attract more investment to the city in the coming years.

The project’s total investment is estimated at about VND1.7 trillion (approximately $67 million), including around VND1.516 trillion for implementation and about VND190.9 billion for compensation, support and resettlement.

Construction is expected to be completed within three years from the date the land is handed over to the investor.

VnEconomy-Nguyễn Thuấn

Prospect for industrial property market

Mon, 16 Mar 2026 00:00:00 GMT

Real estate consultants agree that changes in the industrial land market indicate that Vietnam is moving to a higher level of production.

After navigating a period of global trade uncertainty and tariff-related headwinds, 2025 marked a turning point. Industrial land, ready-built factories (RBFs), and logistics assets are no longer expanding simply to accommodate volume demand. Rather, the market is being reshaped by the requirements of scale, efficiency, sustainability, and long-term competitiveness.

Research from market consultants converge on a clear message: Vietnam is moving beyond its role as a low-cost manufacturing base and positioning itself as a regional hub for higher-value, more capital-intensive production. This evolution is redefining industrial real estate demand across the country’s key economic zones.

Stronger macro foundation

Vietnam’s macro-economic performance in 2025 has created a solid foundation for industrial real estate demand. According to JLL, GDP grew 8 per cent year-on-year; the fastest rate in ASEAN, with authorities targeting double-digit growth in the 2026-2030 period. This momentum has been supported by resilient domestic demand, a rebound in global manufacturing orders, and improving export conditions.

JLL also reported that registered FDI totaled $38.4 billion last year, while disbursed capital hit $27.6 billion; the highest level in five years and up 9 per cent year-on-year. Manufacturing and processing remained the dominant recipients, reflecting Vietnam’s entrenched role in global supply chains.

Trade performance further underpinned industrial activity. According to the National Statistics Office (NSO) under the Ministry of Finance, total import-export turnover stood at $762.44 billion in the first ten months of 2025, up 17.4 per cent year-on-year. Exports rose to $391 billion, driven by electronics, computers, machinery, and other high-value manufactured goods, while imports climbed 18.6 per cent, reflecting strong demand for machinery, components, and production inputs. Vietnam recorded a trade surplus of $19.56 billion in the ten-month period, underscoring its strengthening role within regional and global production networks.

Public investment has reinforced this macro stability. JLL pointed to the government’s prioritization of large-scale infrastructure projects, including Long Thanh International Airport in the southern region, Ring Road 3 in Ho Chi Minh City, expressway corridors linking key localities, and major port upgrades. These projects are easing logistics friction, expanding the practical reach of industrial parks, and reshaping location strategies for manufacturers and logistics operators.

Institutional reforms have also improved investor confidence. JLL highlighted ongoing efforts to streamline local administration, implement new legal frameworks on land and data, and strengthen national infrastructure planning. Together, these measures enhance transparency, predictability, and long-term investment visibility, which are critical factors for capital-intensive industrial projects.

Industrial and logistics real estate has emerged as one of the most direct beneficiaries within this macro-economic context. While occupiers have become more disciplined and selective, demand for modern industrial space remains structurally strong, particularly for assets aligned with long-term production strategies.

More selective market

Despite a sharp increase in supply, Vietnam’s industrial property market continued to demonstrate resilience in 2025. Savills estimates that total operating industrial park land nationwide reached 38,200 ha in the second half of 2025, with the Southern Economic Zone (SEZ) accounting for 67 per cent and the Northern Economic Zone (NEZ) 33 per cent. Overall occupancy remained high, at 88 per cent, up from 86 per cent a year earlier, indicating that demand has broadly kept pace with new supply.

Average industrial land prices reached $175 per sq m per lease term nationwide. The northern region remained approximately 27 per cent cheaper than the south, reflecting differences in infrastructure maturity, tenant mix, and proximity to ports and consumption centers. JLL similarly reported that industrial land rents in key southern markets ranged from $100 to $310 per sq m per lease cycle, even as new land entered the market.

Ready-built products continued to outperform. Savills reports that national RBF and warehouse supply expanded to 17.1 million sq m, up 13 per cent year-on-year, with the south accounting for 70 per cent of total stock. Overall occupancy climbed to 89 per cent, a sharp improvement from 80 per cent in 2024, while average national rents reached $4.7 per sq m per month.

Cushman Wakefield’s Q4 2025 Industrial MarketBeat reinforced this trend, particularly in the southern region, where the recovery has become more visible across both the land and ready-built segments. Total RBF supply in the region reached approximately 6.6 million sq m, with occupancy consistently above 90 per cent across core and satellite markets.

Net absorption in the fourth quarter alone exceeded 73,000 sq m, driven largely by multinational manufacturers in precision engineering, fabricated metals, construction materials, and consumer-related production, many of which favored ready-built facilities to shorten setup timelines and limit upfront capital expenditure. “After a period of adjustment driven by tariff pressures and global trade uncertainty, southern Vietnam’s industrial market is clearly entering a recovery phase,” said Ms. Doan Chuong, Senior Manager, Industrial Leasing, at Cushman Wakefield Vietnam.

While occupiers remain cautious in the short term, demand fundamentals are strengthening, particularly for well-located industrial land, ready-built factories, and modern logistics facilities that enable faster market entry and operational efficiency. “This renewed activity reflects how manufacturers are recalibrating supply chains, prioritizing flexibility, cost optimization, and ESG [environmental, social, and governance] compliance, and positioning Vietnam as a long-term production and logistics hub within regional and global networks,” Ms. Chuong added.

Logistics assets in the south remained tight, especially in core locations. Cushman Wakefield noted that ready-built warehouse (RBW) occupancy in Ho Chi Minh City approached full capacity, pushing demand outward into Dong Nai and Tay Ninh provinces, where developers are increasingly positioning modern warehouse projects along expressway corridors and near cross-border trade routes. This spillover is reinforcing the role of secondary markets within southern Vietnam’s logistics ecosystem, particularly as transport infrastructure improves.

A similar pattern is unfolding in northern Vietnam, albeit at a different stage of the cycle. Cushman Wakefield reported that as of the end of the fourth quarter of 2025, total accumulated RBF supply in the north reached approximately 5.29 million sq m, up more than 22 per cent year-on-year, reflecting an aggressive wave of new project launches in Hai Phong, Bac Ninh, and emerging satellite provinces such as Ninh Binh and Phu Tho. Despite the surge in supply, absorption remained robust, with net take-up of nearly 190,000 sq m in the fourth quarter, a 47.6 per cent increase compared with the same period of 2024.

Regional RBF occupancy in northern Vietnam climbed to 86 per cent, confirming that demand has kept pace with new completions. Hanoi continued to record near 100 per cent occupancy due to land scarcity, while surrounding industrial hubs such as Hung Yen (95 per cent), Ninh Binh (90 per cent), and Hai Phong (87 per cent) benefited from tenant decentralization and improving transport links. Average RBF rents held steady at around $5 per sq m per month, suggesting a balanced market where strong demand is being met by timely new supply.

The northern logistics market also showed notable improvement. Total RBW supply reached approximately 3.58 million sq m, with occupancy rising sharply to 83 per cent as of the end of the fourth quarter. Demand was concentrated around Hai Phong’s port-led logistics clusters and key expressway nodes, driven by electronics manufacturers, support industries, and third-party logistics operators serving export-oriented supply chains.

“We are seeing a more selective phase of decision-making from occupiers,” said Mr. Thuan Nguyen, Director of Leasing, Cushman Wakefield Vietnam. “Beyond pricing, investors are prioritizing locations that offer long-term scalability, infrastructure certainty, and regulatory clarity. Provinces with large land banks and improving connectivity are therefore well positioned to benefit as manufacturers plan not only for initial market entry but for expansion over the next five to ten years.”

Across both regions, occupier behavior is clearly evolving. Cushman Wakefield observed that tenants are placing greater emphasis on infrastructure certainty, ESG compliance, digital readiness, and expansion flexibility, rather than purely on rental costs. This shift is prompting developers to upgrade technical specifications, introduce automation-ready layouts, and integrate greener design standards into industrial parks and ready-built products, accelerating the market’s move away from commoditized industrial space towards higher-quality, future-ready assets.

From cost advantage to capability

Beyond cyclical recovery, the most significant change is structural. A Savills whitepaper argues that Vietnam is transitioning from labor-intensive, low-margin manufacturing towards larger, more advanced, and more capital-intensive production. “This year isn’t just about new investment; it’s about the scale and quality investors demand,” said Mr. John Campbell, Head of Industrial Services at Savills Vietnam. “Vietnam is entering a phase where capability matters as much as cost.”

This shift is clearly reflected in regional dynamics. In the NEZ, Savills reported that newly-registered manufacturing FDI stood at approximately $4.3 billion in the first ten months of 2025, accounting for 55 per cent of national manufacturing FDI. Bac Ninh led, with $1.1 billion, followed by Hai Phong with $820 million, driven largely by electronics, electrical equipment, and fabricated metal projects.

Northern industrial land occupancy averaged 86 per cent, up from 78 per cent a year earlier, while average land prices reached $141 per sq m per lease term. RBF and warehouse supply totaled 4.5 million sq m, with occupancy at 80 per cent and average rents around $5 per sq m per month. The region benefits from larger land banks and competitive pricing, as well as strong export connectivity through ports such as Lach Huyen.

The SEZ, meanwhile, remains Vietnam’s most mature and diversified industrial base. Savills estimated that the south accounted for approximately $2.9 billion, or 36 per cent, of newly-registered manufacturing FDI in the first ten months of 2025, led by fabricated metals, electrical equipment, textiles, and consumer-related manufacturing. Industrial land occupancy reached 90 per cent, while average land prices climbed to $193 per sq m per lease term, with Ho Chi Minh City recording the highest levels.

Infrastructure continues to reinforce these regional roles. In the north, port expansion at Lach Huyen, combined with expressway and Ring Road development, is strengthening export-oriented manufacturing and high-tech investment. In the south, Cai Mep-Thi Vai remains one of Southeast Asia’s most important deep-water port complexes, while the upcoming Long Thanh International Airport is expected to further integrate manufacturing, logistics, and high-value supply chains.

“The NEZ continues to benefit from Vietnam’s most synchronized port - expressway - airport network, and new investments are set to deepen that strength,” said Mr. Matthew Powell, Director of Savills Hanoi. “With the expansion of Lach Huyen Port and Ring Road 4 moving forward, the region is solidifying the infrastructure that underpins its high-tech and logistics competitiveness. These upgrades may be quieter than those in the SEZ, but they reinforce a clear advantage: dependable, scalable connectivity.”

As global manufacturers recalibrate supply chains for the next decade, Vietnam’s ability to deliver not just land and buildings but future-ready industrial environments will determine its competitive edge. With fundamentals strengthening and the shift to scale gaining momentum, the country’s industrial property market appears well positioned to sustain growth well beyond 2025.

VET-Diep Linh