VnEconomy - Vietnam Economic Times

For a more balanced and sustainable rental housing market

Sun, 28 Jun 2026 08:00:00 GMT

Mr. Nguyen Van Dinh, Vice Chairman of the Vietnam National Real Estate Association, Chairman of the Vietnam Association of Realtors (VARS), and Director of the Vietnam Institute for Real Estate Research (VARS IRE), tells Huyen Ngan about the need to build a more balanced and sustainable rental housing market.

Many observers argue that Vietnam’s real estate market has grown rapidly but lacks stability. How do you view this assessment?

The rapid growth of Vietnam’s real estate market over the past several years has contributed significantly to economic expansion, infrastructure investment, urban development, and the growth of related industries. However, behind this strong performance lies a major structural imbalance: supply is heavily concentrated in the high-end segment, while housing that is affordable for the majority of the population remains scarce.

Vietnam has developed a robust market for homes for sale but has yet to establish a professional, long-term rental housing system with clear State guidance. Today’s rental market remains largely fragmented, small-scale, and unplanned, often failing to provide stable and quality living conditions.

Traditionally, Vietnamese people have preferred homeownership over renting. Do you believe rental demand is strong enough to support a professional rental housing market?

According to the Vietnam General Confederation of Labor, around 4.5-5 million workers are employed at industrial parks, most of whom rent accommodation, often with inadequate living conditions. In Hanoi and Ho Chi Minh City, the number of renting households continues to rise, particularly among young people, migrant workers, and those at the beginning of their careers. Yet quality rental housing remains in short supply.

Hanoi is a clear example. As northern Vietnam’s largest education and employment hub, the capital attracts hundreds of thousands of students and young workers each year. Demand for rental housing rises sharply between June and September as students prepare for the new academic year.

At the same time, urban renewal and infrastructure projects are creating new waves of population displacement. According to the Hanoi People’s Committee, local authorities are currently carrying out land clearance for about 1,428 projects, including major developments such as the Hoang Cau - Voi Phuc section of Ring Road 1, Tu Lien Bridge, and Tran Hung Dao Bridge, directly affecting thousands of households.

Between 2026 and 2030, Hanoi plans to recover nearly 24,824 ha of land for more than 3,100 socio-economic development projects. This will continue to drive demand for temporary and rental housing during the resettlement process.

Current resettlement housing supply cannot immediately meet demand. Many affected households choose to rent homes near their former residences to maintain jobs, schooling, and social ties, placing additional pressure on the rental market.

Rental demand extends beyond students and displaced households. For many young professionals, workers, and young families, homeownership requires years of savings. Long-term renting therefore becomes the most practical option before they are financially ready to buy a home. This demand creates a strong foundation for developing a professional rental housing sector that supports social welfare, labor mobility, and sustainable urban growth.

Some argue that privately-built boarding houses can meet housing demand without large-scale participation from developers. What is your view?

Most workers still live in informal rental housing developed by individuals around industrial parks and suburban areas. These properties are often small, overcrowded, poorly equipped, and vulnerable to fire safety risks. Following several serious boarding-house fires in Hanoi and Ho Chi Minh City in recent years, concerns over rental housing quality have become increasingly urgent.

In this context, rental housing with clear legal status, reliable quality, convenient connectivity, and reasonable pricing will become increasingly important. Such developments are not only an alternative for those unable to buy homes but also a way to create a healthier balance between housing demand and investment demand.

The recent surge in boarding house demand reflects a deeper issue: the growing shortage of entry-level housing. In the past, young people had access to affordable options such as small apartments, renovated collective housing, and reasonably-priced suburban developments. These products served as the first step toward homeownership.

Today, rising land prices and construction costs have made affordable housing increasingly difficult to develop. As a result, the market has become more polarized, with demand continuing to outpace supply.

The challenge is not simply a lack of social housing or affordable housing. Vietnam needs a broader “starter housing ecosystem” that allows young people to access suitable housing early in their careers before gradually progressing toward homeownership. Within that ecosystem, professional rental housing should be regarded as a key component alongside social housing and affordable commercial housing.

Ultimately, the goal is to ensure access to quality housing at reasonable costs. This is why many developed countries view rental housing as a pillar of social welfare and urban stability.

How have other countries successfully developed rental housing, and what lessons can Vietnam learn?

Germany has a homeownership rate of only about 46 per cent - the lowest in Europe - yet it consistently ranks among the world’s best places to live. Its success stems from strong tenant protections, including the Mietspiegel system, a reference rent index published by local authorities to regulate rent increases. This allows residents to view rental housing as a stable long-term option.

Singapore has taken a different approach, with the State playing a central role in housing development. More than 80 per cent of the population lives in housing developed by the Housing and Development Board (HDB). Alongside its ownership model, Singapore maintains a heavily subsidized public rental housing system for low-income households. These developments are integrated with schools, healthcare, transportation and public amenities, creating high-quality communities.

South Korea has expanded long-term rental housing through the Korea Land and Housing Corporation (LH). The government directly develops or acquires apartments and leases them for 20-30 years to students, newly-married couples, and low-income households. Long-term financing from the National Housing and Urban Fund helps support the model.

International experience shows that the State’s role is decisive. Unlike homes for sale, rental housing projects often require 15-25 years to recover investment costs while generating relatively modest returns. Under normal market conditions, private developers have limited incentives to participate at scale.

If rental housing projects require such long payback periods, how can more developers be encouraged to participate?

The State must play a leading role in creating supportive policies and coordinating resources, particularly in planning, land allocation, financing, rent management and ensuring benefits reach the intended groups.

Authorities could allow developers to defer land-use fee payments, reduce financial obligations during the early years of operation, or link payments to project performance. This would ease initial capital pressure while preserving government revenues.

Vietnam could also explore flexible mechanisms allowing projects to shift between rental and for-sale models. Units converted for sale would fulfill all land-related obligations, while long-term rental units could continue benefiting from phased payment arrangements.

In addition, long-term financing tools such as housing savings funds, low-interest credit programs and tax incentives should be developed. Without a specially-designed institutional framework, it will be difficult to attract large-scale private investment.

International experience shows that success depends less on capping profits and more on providing access to long-term, low-cost capital. Returns should be determined through market-based mechanisms that reflect financing costs and project risks. This approach balances the interests of government, developers, and tenants while supporting a sustainable rental housing market.

Mr. Nguyen Van Dinh Vice Chairman of the Vietnam National Real Estate Association, Chairman of the Vietnam Association of Realtors (VARS), and Director of the Vietnam Institute for Real Estate Research (VARS IRE)

Vietnam also needs a dedicated legal framework for rental housing to better protect tenants’ rights.

If the rental market expands significantly, could it reduce people’s desire to own property?

For many years, real estate has been viewed as a safe and important store of wealth in Vietnam. While this has supported market growth, investment demand has at times overshadowed genuine housing needs.

Global experience suggests that a sustainable housing market is one that offers a wide range of options suited to different income levels and needs. Those with sufficient resources can pursue homeownership, while lower-income groups should have access to quality rental housing at affordable costs.

This is the foundation for a more efficient, inclusive, and sustainable real estate market in Vietnam. It is also consistent with the housing policy direction outlined by Party General Secretary and State President To Lam.

Expanding rental housing does not mean limiting legitimate ownership or investment aspirations. Rather, it helps create a more balanced market structure that better accommodates housing, ownership, investment and rental needs.

VET-Huyen Ngan

Nghe An approves 484-ha industrial park to strengthen investment attraction

Sun, 28 Jun 2026 01:00:00 GMT

The multi-sector IP is expected to attract both domestic and foreign investors while fostering integrated manufacturing supply chains.

Authorities in central Nghe An Province have approved a zoning plan for the 484.4-ha Dien Quynh 1 Industrial Park, a major project expected to expand the province's industrial land bank and attract high-value manufacturing investment.

The project is designed as a modern industrial hub with synchronized infrastructure to accommodate manufacturing and business activities, supporting socio-economic development in the surrounding areas and across the province.

Once fully operational, Dien Quynh 1 Industrial Park is expected to create around 40,000 jobs, making it one of the largest industrial parks in the province's northern region.

The park will prioritize industries. with high added value, including electrical equipment, electronics, computers and components, automobiles and motorcycles, pharmaceuticals, food and beverage processing, light manufacturing, supporting industries, textiles and garments, construction materials, chemicals, logistics, warehousing, and transport support services.

Provincial authorities expect the multi-sector industrial park to attract both domestic and foreign investors while fostering integrated manufacturing supply chains. The project is also expected to enhance Nghe An's competitiveness as an investment destination and support the province's broader industrialization strategy.

VnEconomy-Nguyễn Thuấn

Ha Tinh accelerates procedures for $2bln LNG power project

Sat, 27 Jun 2026 08:30:00 GMT

The Vung Ang III LNG-fired power plant has a planned capacity of 1,500 MW.

Authorities in the central province of Ha Tinh are stepping up efforts to remove administrative bottlenecks and expedite the implementation of the Vung Ang III LNG-fired power plant, a major energy project with a planned capacity of 1,500 MW and an estimated investment of VND51.43 trillion (about $2 billion).

At a working session on June 25, Vice Chairman of the Ha Tinh People's Committee Tran Bau Ha met with the project's investor consortium, comprising PetroVietnam Power Corporation (PV Power), Lilama Corporation and Thailand's B.Grimm Power Public Company Limited, to discuss measures to accelerate the project's progress.

The project was officially approved by the provincial government on June 9. It will occupy approximately 51.7 hectares of land and 16 hectares of adjacent sea area in the Vung Ang Economic Zone.

According to the implementation schedule, the first generating unit is scheduled for completion in June 2030 and commercial operation in the first quarter of 2031, while the second is expected to be completed in December 2030 and enter commercial operation in the second quarter of 2032.

The investor consortium proposed the provincial government to facilitate land and sea allocation procedures, support the construction of a 500kV transmission line connecting the plant to the national grid, accelerate development of the LNG import terminal, and ensure an adequate supply of fill materials for construction.

Provincial leaders urged the consortium to complete all remaining procedures promptly while directing local agencies to provide maximum support to keep the project on schedule.

VnEconomy-Nguyễn Thuấn

Construction ministry urges provinces to launch rental housing projects

Sat, 27 Jun 2026 07:12:00 GMT

Localities are required to break ground on at least one rental housing project.

The Minister of Construction has instructed all provinces and cities to break ground on at least one rental housing project by the end of June and begin implementing larger-scale rental housing developments over the following two quarters.

The directive, issued on June 23, calls on local authorities to accelerate rental housing development during 2026 and the 2026-2030 period, in line with the Government's long-term housing strategy.

The directive outlines nine priority tasks for local governments.

First, provinces are required to assess rental housing demand and finalize development plans by the end of June 2026. Second, they must promptly begin publicly funded rental housing projects, with implementation targeted for completion in the third quarter of this year. The ministry also called for accelerated development of worker accommodation to support industrial zones.

Local authorities have been instructed to reserve well-connected, infrastructure-ready land for rental housing and social housing projects while ensuring social housing construction targets are met. The ministry also encouraged policies that support individuals and households in developing rental properties.

In addition, cities and bprovinces are required to improve the management and utilization of publicly owned housing assets by July 2026 and undertake comprehensive administrative reforms to simplify investment procedures for rental and social housing projects.

The minister stressed that reducing administrative barriers and ensuring effective coordination among local agencies will be essential to accelerating project implementation and expanding the supply of affordable rental housing.

VnEconomy-Phan Nam

In need of a well-designed rental housing ecosystem

Sat, 27 Jun 2026 03:30:00 GMT

A well-designed rental housing ecosystem in Vietnam would ease pressure on home prices, unlock long-term capital, and support broader economic restructuring.

The recent directive from Party General Secretary and State President To Lam to prioritize the development of rental housing is opening a new pathway for Vietnam’s real estate market. At a time when housing prices are rising far faster than incomes, the issue extends beyond social welfare and touches directly upon urban competitiveness, the structure of the financial system, and the long-term sustainability of the property market.

Breaking away from the old model

For many years, Vietnam’s real estate market has largely operated under a build-to-sell model. Developers have focused on maximizing sales and accelerating capital recovery, while the rental segment has remained fragmented, undersupplied, and largely unsupported by dedicated financing mechanisms.

As housing prices move increasingly beyond the reach of young people and middle-income households, the limitations of this model are becoming more apparent. Home prices in many areas exceed 20-times annual household income, while affordable housing supply has nearly disappeared due to rising development costs, lengthy approval procedures, and the heavy reliance on short-term bank loans and corporate bonds to finance long-term property projects. This maturity mismatch creates risks not only for developers but also for lenders and, ultimately, the broader financial system.

Against this backdrop, expanding rental housing offers a practical solution already proven in many countries. A stronger rental sector can reduce pressure on homeownership, support labor mobility, and create a more resilient urban and financial structure.

International experience suggests that large-scale rental housing markets rarely emerge through market forces alone. In Singapore, the State plays a central role in land planning and housing provision through the Housing and Development Board (HDB). In countries such as Germany and Austria, meanwhile, governments support rental housing through public land allocations, tax incentives, and access to long-term capital.

For Vietnam, a “State-led, market-driven” model deserves consideration. Under this approach, the government would focus on planning, long-term financing mechanisms, and legal frameworks, while private enterprises would undertake construction, operations, and property management under transparent market principles.

At the center of this model would be a national housing corporation operating as a State-controlled institution with modern corporate governance. Rather than directly developing projects, it would function as a coordinating platform for the rental housing ecosystem. Its responsibilities could include managing public land reserves and recovered land from delayed projects, organizing competitive bidding for construction, and serving as a bridge between rental housing projects and long-term sources of capital.

Unlocking long-term capital

Rental housing projects typically require 15-25 years to recover investment costs. Yet most Vietnamese developers rely on short and medium-term financing from banks, corporate bonds, and homebuyer prepayments. This financing structure is poorly suited to rental housing.

In countries such as Japan, Singapore, and Australia, Real Estate Investment Trusts (REITs) play a critical role. Once rental projects generate stable cash flow, developers can transfer these assets into REITs, recover capital, and reinvest in new projects. The REITs then attract long-term institutional investors through capital markets, transforming rental housing into a stable income-generating asset class.

Vietnam’s rental housing ecosystem should likewise be connected to long-term institutional capital sources with significantly lower funding costs than commercial bank loans. One proposal is to establish a national housing corporation as a State-owned enterprise or a joint stock company with majority State ownership. Initial capital could come from proceeds of State divestments and public land resources. Operating under market principles, the corporation would serve as a platform for infrastructure and financing while outsourcing construction and operations to private sector specialists.

A second pillar would be the issuance of long-term national housing bonds with maturities of 20-30 years and government-backed payment guarantees. Debt repayment would be supported by rental income and other project-related revenues. To reduce financial pressure during construction, interest payments could be deferred and capitalized during the first three years, while liquidity reserves could be established using proceeds from State asset divestments.

Over time, rental income from hundreds of thousands of households, combined with revenues from commercial services integrated into rental communities, could provide sufficient cash flow to service debt and support operations.

Third, regulatory reforms could allow institutions such as Vietnam Social Security, life insurers, and pension funds to allocate part of their portfolios to national housing bonds. Given their long-term liabilities, these institutions are natural investors in long-duration, government-backed instruments.

In the medium term, Vietnam could also explore pilot programs for tokenized long-term rental rights under a regulatory sandbox framework. Such instruments could broaden retail investor participation, encourage younger generations to accumulate housing access rights and create a new transparent, liquid financial product.

Creating the conditions for scale

A dedicated policy framework should therefore include streamlined administrative procedures and preferential land policies. Projects committed to long-term rental operations and regulated rental rates could receive exemptions or significant reductions in land-use fees for a fixed period, while a fast-track approval process would help reduce financing costs associated with delays.

Reducing project development costs is essential for rental housing to remain affordable. If developers continue to face commercial land-use fees and lengthy approval processes, rental prices will inevitably rise.

Technology should also play a role. Wider adoption of Building Information Modeling (BIM) throughout design, construction, and operations could reduce material waste, shorten construction timelines, and lower long-term maintenance costs.

For the rental housing ecosystem to scale successfully, policies must encourage voluntary participation by major domestic developers. Rather than relying on administrative mandates, authorities could create incentive-based arrangements. For example, developers could be allowed to substitute their obligations to allocate 20 per cent of project land for social housing by contributing resources to large-scale rental housing developments coordinated by the national housing corporation.

The government could also adopt a “State creates, private sector builds” model, under which qualified developers construct projects that are later acquired by the national housing corporation using long-term capital, ensuring reasonable and predictable returns.

To improve commercial appeal, the corporation could auction rights to manage properties and operate commercial services within rental communities. Revenues from these activities would help private operators offset the relatively modest returns typically associated with affordable rental housing.

Ultimately, developing a professional rental housing ecosystem is not merely a short-term measure to stabilize the property market. It is a strategic component of broader economic restructuring.

A stable rental housing sector can help moderate housing prices, reduce the financial system’s dependence on mortgage lending, and improve labor mobility by enabling workers to move more easily to industrial and high-tech production centers.

If supported by coherent institutional reforms, long-term capital mechanisms, and modern infrastructure planning, rental housing can become a key driver in creating a more transparent, resilient and demand-driven real estate market for Vietnam’s next stage of development.

VET-Hong Ha

Ha Tinh terminates delayed projects, free up land resources for new developments

Sat, 27 Jun 2026 00:45:00 GMT

The move viewed as a necessary step to optimize land use, improve the investment environment and create opportunities for capable investors to develop new projects.

Authorities in central Ha Tinh Province have terminated eight delayed investment projects in the Vung Ang Economic Zone since the beginning of the year as part of efforts to improve investment efficiency and free up land resources for new developments.

According to the Ha Tinh Economic Zone Management Board, the projects include four domestically funded ventures with total registered capital exceeding VND497 billion ($18.89 million) and four foreign direct investment (FDI) projects with combined registered capital of more than $18.6 million.

Provincial authorities said many of the affected projects had encountered financial difficulties, undergone changes in business strategy, or were no longer able to proceed in line with their original investment commitments.

For projects that remain viable, authorities are focusing on removing obstacles, assisting investors with administrative procedures and accelerating implementation. However, projects deemed incapable of moving forward, found to be in breach of investment commitments, or leaving land unused for extended periods will be handled in accordance with regulations.

Officials stressed that the termination of so-called “suspended” projects does not undermine Ha Tinh’s investment attractiveness. Instead, it is viewed as a necessary step to optimize land use, improve the investment environment and create opportunities for capable investors to develop new projects.

The reclaimed land resources are expected to strengthen the province’s ability to attract high-tech, environmentally friendly and high-value-added investment projects in the future.

VnEconomy-Nguyễn Thuấn

Rental housing as a strategic pillar of Vietnam’s housing policy

Fri, 26 Jun 2026 10:00:00 GMT

The government is positioning rental housing as a strategic pillar of Vietnam’s housing policy, aiming to boost supply, improve affordability, and support sustainable real estate market development.

At a recent real estate forum organized by the Vietnam National Real Estate Association, Deputy Minister of Construction Nguyen Van Sinh said the development of rental housing has been identified by the government and the Prime Minister as a key priority to address the housing needs of citizens and workers. Under this approach, the State will play a leading role in shaping the market and mobilizing social resources to expand the rental housing segment.

He also emphasized the real estate market’s strategic role in the economy, noting its contribution to infrastructure development, housing provision, social welfare, urbanization, tourism, and economic growth. According to the Deputy Minister, Vietnam’s legal framework already provides for a range of rental housing models, including social housing, worker accommodation, official residences, commercial rental housing, and privately-developed rental properties, creating an important foundation for expanding rental housing supply in the years to come.

Market recovery gains momentum

As Vietnam pursues ambitious economic growth targets while maintaining macro-economic stability, the Party, National Assembly, government, and Prime Minister have introduced a series of policies aimed at fostering a stable, transparent, and sustainable real estate market.

Authorities have revised key laws governing investment, land use, planning, construction, housing, and real estate business activities, while also accelerating project approvals to increase housing supply. These reforms have improved consistency across the legal framework, streamlined administrative procedures, and helped remove longstanding obstacles facing investors and developers.

The government has continued to advance its program to build at least 1 million social housing units by 2030. To date, 781 projects totaling 720,055 units are under development, equivalent to 72 per cent of the target. Of these, 231 projects comprising 180,850 units have been completed, while 234 projects with 233,962 units are under construction and 316 projects with 305,243 units have received investment approval.

In 2025 alone, 102,633 social housing units were completed, exceeding the annual target of 100,275 units. During the first five months of 2026, construction began on an additional 34 projects comprising nearly 30,000 units.

The government has also stepped up efforts to resolve bottlenecks affecting real estate projects, particularly legal and administrative issues. According to the Ministry of Construction (MoC), obstacles have been removed at 3,289 land-related projects covering more than 70,000 ha, allowing them to resume development and move toward completion.

“With the decisive and coordinated implementation of these measures, the real estate market has shown encouraging signs,” Mr. Sinh said. “Major projects have broken ground, stalled developments have resumed, and both supply and liquidity have improved.” However, he also stressed that several structural challenges continue to constrain the market.

One of the most significant is the mismatch between supply and demand. While the high-end segment continues to attract investment, affordable housing remains in short supply, particularly in major urban centers.

The market also remains heavily focused on homes for sale, while the long-term rental housing segment has yet to develop at a scale capable of meeting actual housing needs.

Housing prices have risen much faster than incomes in recent years, making homeownership increasingly difficult for low and middle-income households. At the same time, existing policies have not been sufficiently attractive to encourage large-scale private sector investment in rental housing.

Another challenge is the incomplete integration of housing information systems and databases between central and local authorities, limiting transparency and complicating market oversight. “These are issues that have accumulated over time and cannot be resolved overnight, but they require immediate and coordinated action,” Mr. Sinh said.

Strategic focus

Against this backdrop, Party General Secretary and State President To Lam and Prime Minister Le Minh Hung have outlined a new direction for housing and real estate development. At the heart of the strategy is a shift from a model focused primarily on commercial housing toward a more balanced approach that promotes commercial housing, social housing, and rental housing simultaneously.

Under this vision, rental housing is no longer viewed as a supplementary segment but as a strategic, long-term component of the national housing system. It is expected to serve workers, laborers, students, civil servants, public employees, and members of the armed forces.

The government also aims to develop housing through a market-oriented approach supported by effective State management. The State will act as a facilitator through planning, policy, and financial tools designed to ensure market transparency and sustainability while maintaining affordability for residents.

Housing development will also be more closely integrated with urban planning, land-use planning, industrial development, public transportation systems, labor market strategies, and population management policies. Priority will be given to Transit-Oriented Development (TOD) projects, urban renewal programs, industrial parks, economic zones, and major economic corridors.

Another key objective is to diversify funding sources. Rather than relying heavily on State budgets, authorities plan to mobilize greater private sector participation and attract long-term investment from financial institutions and investment funds. Public resources will be used strategically to guide market development and catalyze private investment.

The government also plans to address underutilized public housing assets, strengthen anti-waste measures, improve accountability among local authorities, and enhance transparency in housing support programs to prevent abuse and speculation.

Expanding rental housing supply

Based on these policy directions, the MoC has outlined a number of priorities for the time ahead. These include reviewing the implementation of Directive No. 34-CT/TW, issued by the Secretariat in May 2024, and drafting a new directive aimed at strengthening Party leadership over housing and real estate development. The Ministry is also preparing amendments to the Law on Housing, the Law on Real Estate Business, the Land Law, and related legislation for submission to the National Assembly this October.

At the same time, authorities will seek to better balance housing supply by prioritizing social housing, reasonably-priced commercial housing, worker housing, housing for low-income groups, and rental housing projects that meet genuine market demand.

The State will take the lead in guiding the market, while local authorities must proactively accelerate rental housing projects to meet the rapidly-growing housing needs of citizens and worker.

Mr. Nguyen Van Sinh, Deputy Minister of Construction

Speaking specifically about rental housing, Mr. Sinh said the MoC is working with ministries, agencies, and local governments to amend the Law on Housing and the Law on Real Estate Business to create more favorable conditions for rental housing development.

The Ministry has urged local authorities to conduct detailed assessments of rental housing demand among different groups, including workers, students, public servants, and armed forces personnel, which will serve as the basis for investment planning and capital allocation.

City and provincial governments have also been asked to review local planning frameworks, allocate suitable land resources, and ensure adequate infrastructure for rental housing developments, particularly at industrial parks and in densely-populated urban areas.

In addition, local governments are being encouraged to invest directly in rental housing through local budget resources and to strengthen the role of local housing funds. Authorities have been instructed to reserve land for social rental housing projects and expand rental housing stock through the conversion of public assets and the acquisition of suitable housing from developers.

“The State will take the lead in guiding the market, while local authorities must proactively accelerate rental housing projects to meet the rapidly-growing housing needs of citizens and workers,” Mr. Sinh said.

He also called on city and provincial governments to accelerate social housing development, fast-track administrative procedures, remove obstacles facing delayed projects, improve market transparency, and speed up the development of housing and real estate databases.

The Deputy Minister expressed confidence that, with strong leadership from the Party and the State, close coordination between ministries and local governments, and active participation from businesses and industry stakeholders, Vietnam’s real estate market will continue to develop in a transparent, healthy, and sustainable manner.

He believes the sector will remain an important driver of economic growth, urban modernization, national competitiveness, and improved living standards while supporting the country’s broader long-term development goals.

VET- PHAN NAM

A fundamental shift in housing strategy

Fri, 26 Jun 2026 06:00:00 GMT

Vietnam is accelerating the development of a rental-led housing model, with new policies and projects aimed at expanding access to affordable housing.

At a working session with the government Party Committee and relevant ministries and agencies on the implementation of Directive No. 34-CT/TW, issued by the Party Central Committee’s Secretariat on strengthening the Party’s leadership in social housing development under the new circumstances, Party General Secretary and State President To Lam stressed that housing policies in the new era must be designed with a new mindset and vision to ensure that everyone has access to housing. Housing, he added, should serve as a place to live rather than a vehicle for business or wealth accumulation.

“Vietnam’s housing development model in the new period is neither a subsidized housing model nor one that leaves everything to the market,” he continued. “The State will create land banks, develop planning frameworks, provide financial support, establish standards and regulations, and simplify administrative procedures. The market will participate in construction and operation while earning reasonable returns. Citizens will have access to stable, safe, and affordable housing suited to their needs. From now until 2030, housing for sale will remain necessary, but rental housing must be established as a strategic pillar, particularly in major cities, industrial parks, labor migration hubs, and areas where housing prices far exceed household incomes.”

Strategic pillar

Notice No. 64-TB/VPTW, issued by the Party Central Committee’s Office summarizing the conclusions of the Party General Secretary and State President, reaffirmed that future housing development, particularly social housing, should focus on several key priorities.

First, authorities must recognize that access to lawful housing is a fundamental right of citizens. Access to safe and affordable housing should be viewed as a measure of social progress, providing a foundation for stable and sustainable development while strengthening public confidence. Housing development should be integrated into urban and rural development strategies, contributing to social welfare, security, higher labor productivity, and the healthy development of the real estate market. The State should pursue housing policies aimed at ensuring that everyone has a place to live.

Second, housing development should follow a market-oriented model under effective State guidance and management. The State will not subsidize housing, but neither will it leave the market entirely to regulate itself. Instead, it will play a facilitating role through institutions, policies, and planning to promote a transparent and healthy market, allowing businesses to participate with reasonable profit expectations while ensuring citizens can access stable, safe, and affordable housing.

Third, alongside housing for sale, priority should be given to rental housing development, particularly apartment rental projects in major urban centers, industrial parks, economic zones, growth regions, and key economic corridors. Housing development should be aligned with urban planning, land-use planning, industrial park development, public transportation systems, labor markets, and population management.

The Notice also calls for a review of the current housing classification system and the development of a new framework consisting of four categories: commercial housing, rental housing, official residences, and policy-supported housing. This would allow the government to develop tailored policies for each segment, including State-supported pricing schemes and free housing provision for certain eligible groups.

Fourth, the government Party Committee has been tasked with developing appropriate land and credit policies to accelerate the affordable rental housing market and encourage greater private sector participation. Authorities are also required to establish standards for each housing category and streamline development procedures through a one-stop administrative mechanism.

Procedures related to investment, planning, land allocation, construction permits, and access to preferential financing should be shortened and made more transparent, with clearly-defined timelines and accountability.

Local authorities are instructed to review land resources and update planning frameworks. Housing development across all segments must be integrated with technical infrastructure, essential social services, cultural facilities, healthcare, and education, particularly in urban areas, economic zones, industrial parks, high-tech parks, and rapidly-urbanizing regions. They are also expected to proactively clear land and prepare serviced sites for rental housing projects while strengthening oversight to prevent abuse of housing support policies and speculative activity in the housing market. At the same time, greater use of digital technologies and data-driven management tools is encouraged in housing development and real estate operations.

Party General Secretary and State President To Lam chairs the working session with the government Party Committee and relevant ministries and agencies on the implementation of Directive No. 34-CT/TW.

Fifth, the government Party Committee has been assigned to develop a new housing policy framework aligned with the Constitution, Party policies, and public demand. It will also review the implementation of Directive No. 34 and propose a new directive from either the Secretariat or the Politburo, providing the basis for amendments to the Law on Housing and the Law on Real Estate Business, which are expected to be submitted to the National Assembly (NA) this year.

Turning plans into action

To accelerate the implementation of the Party General Secretary and State President’s directives, Prime Minister Le Minh Hung emphasized during meetings with local authorities that the development of affordable commercial housing and rental housing is a major policy priority of the Party and the State, reaffirmed through Directive No. 34 and Notice No. 64. “These are not issues that can be resolved overnight, but they require immediate and decisive action and cannot be delayed,” he said.

For Hanoi, the Prime Minister called for a pioneering approach, including assessments of housing demand, target groups, and investment mechanisms to develop large-scale rental housing projects for people living and working in the capital, including officials and civil servants from central government agencies.

Hanoi is expected to begin construction on several rental housing projects during June and make flexible use of social housing financial contributions, with the State investing and professional operators managing the projects.

The capital has also been tasked with preparing an investment, construction, and operational plan for rental housing projects and reporting the results to the Prime Minister in July. In addition, Hanoi should propose mechanisms to mobilize social resources and support investment in and the operation of rental housing projects through appropriate land allocation and land lease policies.

The Prime Minister issued similar instructions to the northern port city of Hai Phong and nearby Quang Ninh, Bac Ninh, Ninh Binh, and Hung Yen provinces, requiring that each begin construction of at least one rental housing project this month and accelerate larger developments in the third and fourth quarters.

“The policy direction is already clear,” he continued. “Local authorities must take the initiative and not wait passively for central guidance. Any obstacles should be clearly identified so that institutions, mechanisms, and policies can be updated and improved accordingly.”

He stressed that the issue is urgent and requires the State to take the lead, using public resources as leverage to attract private investment. National and local housing funds should be used effectively to stimulate the market, while diverse funding sources, particularly private capital and long-term investment, should be mobilized rather than relying solely on the State budget.

Regarding planning, the Prime Minister instructed local authorities to review and adjust planning frameworks based on approved master plans and provincial plans, identifying specific locations and scales for rental housing development linked to key industrial parks and strategic growth areas. This work must be completed by the end of June.

Local governments are also required to assess rental housing demand and prepare rental housing development plans through 2030, including annual targets, priority project lists, anticipated funding sources, and implementation roadmaps. These plans must also be submitted to the Ministry of Construction (MoC) by the end of June.

The Prime Minister also assigned specific responsibilities to ministries and agencies. The Ministry of Finance (MoF) and the State Bank of Vietnam have been tasked with proposing financial, tax, and credit incentives for long-term rental housing projects, to attract private investors and long-term investment funds.

Meanwhile, the MoC has been instructed to continue implementing tasks outlined in Notice No. 262/TB-VPCP, review the implementation of Directive No. 34, and propose a new directive to replace the current one. The Ministry is also responsible for finalizing draft legal amendments for submission to the NA, issuing national technical standards for small and medium-scale rental housing projects, including mini apartment buildings and family-operated rental housing, and ensuring compliance with safety and fire prevention requirements.

In addition, the Ministry will consolidate policy proposals from local authorities and coordinate with the MoF to review mechanisms allowing businesses and cooperatives to acquire commercial and social housing solely for rental purposes.

Moving into action

To implement the new housing development strategy, the MoC is now reviewing and amending relevant policies, with rental housing identified as a strategic segment of the housing market. The approach aims to develop housing under a market-based framework with effective State oversight, while mobilizing diverse investment sources, reducing reliance on the State budget, and unlocking private capital for housing development.

At its May review meeting and June task deployment conference, the Ministry said the new housing development orientations have been incorporated into policy dossiers for amendments to the Law on Housing and the Law on Real Estate Business. Draft legislation is expected to be submitted to the NA for approval this October.

Under the proposed framework, housing policies will be organized into four categories: commercial housing, rental housing, official residences, and policy-supported housing. Long-term rental housing with affordable rates will be prioritized through incentives related to land, finance, taxation, and credit.

The Ministry is also developing separate standards and regulations for different housing types, particularly rental housing, worker accommodation, student housing, and housing for the elderly. The standards aim to ensure quality of life and building safety while promoting the professional management and operation of long-term rental housing projects.

To ensure rental housing development aligns with actual demand, the MoC has conducted nationwide assessments covering different population groups, localities, and development stages. It is also reviewing land availability in urban areas, industrial parks, economic zones, high-tech parks, and rapidly-urbanizing regions to create a pipeline of serviced land for future rental housing projects.

In addition, the Ministry has requested local authorities to assess rental housing demand and propose targets for rental housing stock funded by local housing funds in 2026 and the 2027-2030 period.

“Alongside accelerating social housing development, local authorities are actively implementing rental housing programs and projects, while many businesses have registered to participate as investors,” Minister of Construction Tran Hong Minh told the 14th Congress of the Vietnam General Confederation of Labor for the 2026-2031 term. “Through State support policies, particularly in credit and interest rates, social housing and rental housing are expected to better meet the accommodation needs of low-income workers.”

Following directives from the Party and the government, local authorities have also moved quickly to implement the policy. Chairing a meeting on rental housing projects in Hanoi on May 27, Chairman of the Hanoi People’s Committee Vu Dai Thang said the capital would promptly study and implement new models in line with guidance from the central government. Hanoi aims to establish several pilot rental housing projects that can be rapidly developed and later replicated on a wider scale.

Authorities in the capital have instructed departments and agencies to develop attractive policies to encourage private sector participation and to urgently review urban planning, housing development plans, and land resources to allocate land for rental housing projects. Hanoi has also pledged to streamline administrative procedures and prioritize fast-track approvals.

In Ho Chi Minh City, meanwhile, the Department of Construction and the southern city’s Construction Science and Technology Association held a conference on June 9 to promote investment in rental housing development.

Officials said the city, with a population of around 14 million, faces significant housing demand from professionals, workers, students, and other residents. However, the rental housing market still lacks long-term mechanisms and incentives strong enough to attract investors.

The city aims to develop more than 181,000 social housing units between 2026 and 2030, including approximately 50,000 rental social housing units. It is also considering converting part of its unused resettlement housing stock and surplus State-owned housing into rental housing to improve the use of public assets.

At the conference, 13 companies - four State-owned enterprises and nine private companies - signed commitments to develop approximately 97,900 rental housing units.

“Ho Chi Minh City will provide maximum support and establish a green lane for social housing and rental housing projects,” Chairman of the Ho Chi Minh City People’s Committee Nguyen Van Duoc said. “We are reviewing rental housing demand and allocating land accordingly within the city’s housing master plan. With more than 97,000 rental housing units committed at this conference alone, I believe we have a solid foundation to successfully implement the city’s rental housing development strategy.”

In Quang Ninh, provincial leaders have also moved to accelerate implementation. At a meeting on June 11, Chairman of the Quang Ninh Provincial People’s Committee Bui Van Khang described rental housing development as an important political task that would contribute to social welfare, improve living standards, attract and retain talent, and support the province’s sustainable growth objectives.

He called on authorities at all levels to fully implement the conclusions of Party General Secretary and State President To Lam and Prime Minister Hung, treating rental housing development as a key priority requiring decisive action and measurable outcomes.

The province plans to establish a steering committee for rental housing development, led by the provincial Chairman, along with an implementation task force headed by the director of the Department of Construction. Local authorities will be required to submit weekly or bi-weekly progress reports and will be held accountable for delays or failure to deliver results.

Provincial agencies have also been tasked with studying the creation of a major projects management board to oversee housing projects and reviewing planning documents to incorporate rental housing developments into provincial and urban plans for 2026-2030.

Quang Ninh has been instructed to ensure rental housing projects are located in convenient areas with adequate infrastructure and aligned with the needs of target groups. At least one State-funded housing project is expected to break ground in June, while privately-funded developments are scheduled to accelerate in the third and fourth quarters.

According to Prime Minister Hung, the government has directed ministries, agencies, and local authorities to develop and refine policies supporting the housing market. By the end of the year, the legal framework for rental housing development must be completed.

“If we can meet this demand, it will improve living standards, strengthen social welfare and public order, and provide a solid foundation for maintaining the workforce, attracting investment, and supporting rapid and sustainable economic growth,” he said. “If local authorities actively engage, they can not only meet housing demand but also reduce pressure on home ownership and help address many broader economic challenges.”

VET-Nam Huyen

Dong Nai targets green transition of 44 industrial parks by 2030

Fri, 26 Jun 2026 00:00:00 GMT

Green transition is no longer optional but essential for the southern city’s industrial parks to attract high-quality investment.

Dong Nai city is aiming to transform all 44 of its industrial parks into eco-industrial parks by 2030, with a vision to 2050, as the southern city seeks to strengthen its investment appeal amid increasingly stringent global environmental standards.

The strategy reflects a broader shift in industrial competitiveness, where factors such as carbon emissions, resource efficiency and compliance with environmental, social and governance (ESG) standards are becoming as important as land availability and labor costs.

The transformation agenda was highlighted at a seminar on promoting eco-industrial parks, circular economy development and carbon emission reduction, jointly organized on June 25 by the Dong Nai Industrial Zones and Economic Zones Authority (DNIEZA) and the United Nations Industrial Development Organization (UNIDO).

Speaking at the event, Mr. Pham Viet Phuong, Acting Deputy Head of DNIEZA, said green transformation is no longer optional but essential for industrial parks seeking to attract high-quality investment.

"Investment attraction is increasingly judged not only by the scale of capital or the number of projects, but also by technology, resource efficiency, energy use and environmental performance," he said.

Dong Nai is home to 44 established industrial parks with 2,793 active investment projects, making it one of Vietnam's leading destinations for foreign direct investment (FDI). However, the city's large industrial base has also placed growing pressure on energy consumption, water resources, environmental infrastructure and greenhouse gas emissions.

To address these challenges, the city People's Committee issued a roadmap in February 2026 to convert existing industrial parks into green and eco-industrial parks by 2030, with a longer-term vision extending to 2050.

The plan aligns with the Politburo's Resolution No. 10-NQ/TW, issued in June 2026, which targets having around 10% of Vietnam's industrial parks operating under the eco-industrial model by 2030 through both new developments and the conversion of existing sites.

Ms. Le Thi Thanh Thao, UNIDO's Country Representative in Vietnam, said Dong Nai is well positioned to become a national leader in eco-industrial park development. She noted that the transition could significantly enhance the city's ability to attract high-quality FDI, as multinational corporations increasingly favor industrial parks that meet ESG requirements and support low-carbon supply chains.

VnEconomy-Nguyệt Hà

Nghe An approves $84mln industrial park project

Mon, 22 Jun 2026 23:30:00 GMT

The project covering over 174ha within the central province's Southeast Economic Zone.

Authorities in Nghe An Province, central Vietnam, have approved an investment policy and selected investors for the development of infrastructure at Zone B of Tho Loc Industrial Park, located within the province's Southeast Economic Zone.

The project will cover approximately 174.65 hectares and require a total investment of more than VND2.1 trillion (about $84 million). Investor equity will account for over VND320 billion, while the remaining capital will be mobilized from other lawful funding sources.

The approved investors are Pacific Group Joint Stock Company and Japan Construction Management Joint Stock Company.

The project is designed to develop and operate industrial park infrastructure and will have an operational term of 50 years from the date the land is first allocated or leased by the State.

Development will be carried out in two phases. The first phase, covering 100 hectares, is scheduled to begin site clearance in 2027, with construction completed and operations commencing in 2028. The second phase, spanning 74.65 hectares, is expected to undergo land clearance between 2028 and 2029 before becoming operational in 2030.

The Tho Loc IP expansion is expected to strengthen the industrial infrastructure network within the Southeast Economic Zone and provide additional ready-to-use industrial land for manufacturing and processing projects. Provincial authorities believe the project will help attract new investment, create jobs, support economic growth and enhance Nghe An’s competitiveness as an investment destination.

VnEconomy-Nguyễn Thuấn

Dong Nai focuses resources to complete 8,000 social housing units in 2026

Sun, 21 Jun 2026 23:30:00 GMT

The Government has tasked Dong Nai city with completing a minimum of 65,000 social housing units during the 2025–2030 period.

Faced with the growing housing demand from workers, laborers, and low-income earners, authorities in the southern city of Dong Nai have urged developers to accelerate social housing projects, aiming to bring over 8,000 units into use by 2026.

Permanent Vice Chairman of the Dong Nai People’s Committee Nguyen Kim Long chaired a recent meeting with relevant departments, sectors, local authorities, and project developers, focusing on reviewing progress, resolving existing bottlenecks, and expediting key tasks for 2026.

According to the local Department of Construction, the central Government has tasked the city with completing a minimum of 65,000 social housing units during the 2025–2030 period. For 2026 alone, the locality is required to deliver over 8,000 apartments. This is considered a top priority in the province’s social security strategy to meet the rising demand for accommodation among workers and low-income groups.

At the meeting, developers reaffirmed their commitment to partnering with the province to achieve these housing development goals. Businesses pledged to mobilize maximum financial resources, personnel, equipment, and materials. They also vowed to strengthen coordination with functional agencies to tackle obstacles and speed up project implementation.

According to the developers, completing these social housing projects on schedule will not only help fulfill the targets set by the Government but also directly address the urgent housing needs of workers and low-income residents within the province.

"In cases of implementation delays, failure to honor commitments, or insufficient execution capacity, the City People’s Committee will consider handling measures in accordance with regulations," said Mr. Long.

"We will resolutely revoke investment approvals and select alternative investors for projects with prolonged delays that hinder the city’s social housing development goals."

Vneconomy-Thiên Di

Da Nang unveils zoning plan for new Industrial Park on high-tech industries

Sun, 21 Jun 2026 23:00:00 GMT

The central city’s Dien Tien Industrial Park, covering 250ha, will be developed as a modern industrial hub.

The Management Board of Da Nang Hi-tech Park and Industrial Zones has announced a zoning plan for the Dien Tien Industrial Park (IP), a key component of the larger Dien Tien Industrial–Urban–Service Complex in Vietnam's central city.

Covering nearly 250 hectares in Dien Ban Bac Ward, the planned industrial park is located within the boundaries of the integrated industrial, urban and service development area.

According to the zoning plan, Dien Tien IP will be developed as a modern industrial hub with synchronized technical and social infrastructure designed to attract investment and support sustainable industrial growth. The project will be closely integrated with the broader Industrial–Urban–Service Complex to ensure consistency with Da Nang city's long-term development strategy and related planning frameworks.

The IP is expected to become a major growth driver for southern Da Nang, contributing to economic restructuring, job creation and higher incomes for local residents.

Priority will be given to high-tech industries, supporting industries and environmentally friendly manufacturing activities. The park will target sectors that generate high added value while making efficient use of land resources.

Following recent administrative restructuring in July last year, the expanded Da Nang city is home to 36 industrial parks and 126 industrial clusters, of which 55 are already operational.

VnEconomy-Ngô Anh Văn

HCMC to put 8 land lots in Thu Thiem up for auction

Sun, 21 Jun 2026 07:30:00 GMT

The eight land lots covers a total area of more than 138,000 sq.m in the Thu Thiem New Urban Area, An Khanh Ward.

The Ho Chi Minh City People's Committee has issued a plan to organize an auction of eight land lots covering a total area of more than 138,000 sq.m in the Thu Thiem New Urban Area, An Khanh Ward.

The auction is expected to enhance the efficiency of public land utilization and generate additional revenue for the city budget.

To ensure strict compliance with legal procedures, protocols, and jurisdiction regarding public land-use rights auctions as stipulated by land laws, the City People's Committee has tasked relevant departments and agencies with reviewing, advising, and finalizing legal procedures. The auction process for these eight eligible plots will be conducted across a four-stage roadmap:

Stage 1: Preparation for the auction in accordance with Clause 1, Article 229 of the Land Law.

Stage 2: Implementation of the land-use rights auction in accordance with Clause 2, Article 229 of the Land Law and the Law on Property Auction.

Stage 3: Official recognition of the auction results in accordance with Clause 3, Article 229 of the Land Law.

Stage 4: Finalization of procedures after the winning bidder completes their financial obligations, in accordance with Clause 5, Article 229 of the Land Law and Clause 9, Article 55 of Decree 102/2024/ND-CP.

The municipal Department of Agriculture and Environment (DAE)has been assigned to monitor and urge progress, as well as advise on procedures and decisions related to the auction, land allocation, and the issuance of land-use right certificates to the winning bidders.

The An Khanh Ward People’s Committee is responsible for drafting the land-use rights auction plan and submitting it to the DAE for appraisal before it is presented to the City People’s Committee for approval. Meanwhile, the HCMC Land Fund Development Center is tasked with organizing the auction and selecting a qualified auctioning service provider in accordance with regulations.

Vneconomy-Thiên Di

Bac Ninh plans Free Trade Zone linked to Gia Binh International Airport

Sun, 21 Jun 2026 07:00:00 GMT

Under the northern province's plan, a 5,000-ha free trade zone will be developed as a modern integrated complex combining manufacturing, logistics, trade, services, innovation and digital economy.

Under the adjusted 2021–2030 master plan with a vision toward 2050, which has been approved by the People's Council of northern Bac Ninh Province, a 5,000-hectare free trade zone connected to Gia Binh International Airport will be developed as a modern integrated complex combining manufacturing, logistics, trade, services, innovation and digital economy, according to a report from Vietnam News Agency.

It is envisioned as a gateway connecting Vietnam to global markets, a key hub coordinating economic flows across the northern growth region, and a catalyst for stronger links among Hanoi, Hai Phong, Quang Ninh and neighbouring industrial provinces.

To support the project, Bac Ninh is accelerating investment in Gia Binh International Airport, which is planned to meet ICAO 4F standards. The airport is expected to handle 30 million passengers and 1.6 million tons of cargo annually by 2030, rising to 50 million passengers and 2.5 million tons of cargo by 2050.

VNA-Van Nguyen

Bac Ninh announces two housing projects open to foreign ownership

Sun, 21 Jun 2026 00:40:00 GMT

The publication of the list expected to improve transparency in the real estate market while facilitating lawful property ownership by foreign investors and residents in the province.

Authorities in northern Bac Ninh Province have announced two residential development projects where foreign organizations and individuals are permitted to own homes, aiming to enhance market transparency and provide a clear legal framework for property transactions.

The two projects have been included in the province’s official list of housing developments eligible for foreign ownership under Vietnamese regulations.

The first project is Social Housing Project No. 2, located in Zones 5 and 9 of the Southern Urban Area in Bac Giang and Tan Tien wards and developed by Thu Do Investment and Trading JSC. The project covers approximately 1.2 hectares and comprises three residential buildings. These include two 19-story social housing towers with one basement level each, and a 19-story commercial apartment building with two basement levels.

Under the approved plan, foreign individuals and organizations are allowed to purchase and own apartments in the project's commercial residential building.

The second project is a social housing development located in Zone 1 of the urban area adjacent to the Vietnam–Korea Vocational College of Technology in Bac Giang ward, also developed by Thu Do Investment and Trading JSC.

Built on a one-hectare site, the project includes a 12-story social housing building and a 15-story commercial residential tower with one basement level, together with integrated infrastructure and landscaping facilities. Foreign buyers will be eligible to own units in the commercial housing section of the project.

VnEconomy-Thanh Xuân

Vietnam advances social housing development, targets rental housing expansion

Sat, 20 Jun 2026 00:40:00 GMT

More than 720,000 social housing units currently under development nationwide, equal to 72% of the Government target of one million units by 2030.

Vietnam has made significant progress in its social housing program, with more than 720,000 units currently under development nationwide, equivalent to 72% of the government's target of one million social housing units by 2030, according to the Ministry of Construction (MoC).

Speaking at the ministry’s second-quarter press conference on June 18, officials reported that more than 180,000 social housing units have already been completed.

Despite these achievements, challenges remain in the housing market. Mr. Ha Quang Hung, Deputy Director General of the ministry's Department of Housing and Real Estate Market Management, noted an oversupply of high-end housing while affordable homes remain scarce. Housing prices in major cities have risen far beyond average income levels, making homeownership increasingly difficult for workers. The market also lacks long-term rental housing, while existing incentives have not been sufficient to attract private investment in rental projects.

To address these issues, the MoC is promoting rental housing as a strategic pillar of social welfare through 2030. Local authorities have been urged to assess housing demand, particularly for rental and public-service housing, and prepare land reserves in urban areas, industrial parks, economic zones and high-tech parks.

The ministry also encourages local governments to invest in rental housing using local budget resources and to make effective use of local National Housing Fund resources to expand affordable rental housing supply.

VnEconomy-Phan Dương

Amata launches Phu Tho Industrial Park, targeting AI and semiconductor investment

Thu, 18 Jun 2026 02:00:00 GMT

The IP, covering over 475ha, is designed to attract investment in AI, semiconductor production, and clean technology industries.

Thailand's industrial estate developer Amata has officially launched the Amata City Phu Tho project in northern Phu Tho province, also known as the Doan Hung Industrial Park, marking a significant step in expanding high-tech industrial infrastructure in northern Vietnam.

The project received investment approval and an investment registration certificate in December 2025.

Covering a total area of 475.67 hectares, the development will be implemented in two phases. The first phase, spanning 239.43 hectares, is scheduled for 2025–2029, while the second phase of 236.24 hectares will be developed between 2029 and 2033.

Positioned as a key industrial hub at the northern gateway of Phu Tho province, the IP enjoys strong transport connectivity. It has direct access to National Highway 70, the Phu Tho–Tuyen Quang Expressway, and convenient links to the Hanoi–Lao Cai Expressway. The location significantly reduces transportation times to the Lao Cai border gate with China, Noi Bai International Airport, and major seaports.

Beyond traditional manufacturing, Amata City Phu Tho is designed to attract investment in artificial intelligence, semiconductor production, and clean technology industries, supporting Vietnam’s ambitions to become a regional high-tech manufacturing hub.

VnEconomy-Hương Loan

Hanoi introduces new rules for investor selection and compensation in urban redevelopment

Wed, 17 Jun 2026 07:30:00 GMT

Homeowners and land users within the project area may propose to implement the project themselves in accordance with the approved planning.

The Hanoi People's Council has passed a Resolution on policies for urban renovation, beautification, and Transit-Oriented Development (TOD) within the city.

The Resolution introduces several specific regulations regarding developer selection, compensation, support, and resettlement, aimed at resolving existing bottlenecks and accelerating the progress of urban renovation projects.

According to the Resolution, project boundaries for urban renovation and beautification are initially established by the City People's Committee upon the project's public announcement. However, during the detailed planning research phase, developers have the right to propose boundary adjustments. The boundaries defined in the detailed planning approved by the City People's Committee will serve as the official boundaries for the renovation project.

In addition to establishing project boundaries, the Resolution stipulates the process for selecting developers. Accordingly, homeowners and land users within the project area may propose to implement the project themselves in accordance with the approved planning. This case requires 100% consensus among all homeowners and land users. Alternatively, they may nominate a developer to implement the project for the City People's Committee's consideration and approval.

Beyond developer selection, the Resolution clearly outlines the plans for compensation, support, and resettlement. Notably, a compensation and resettlement plan will be approved if it receives consensus from at least 75% of the homeowners and land users. Regarding the renovation and reconstruction of apartment buildings or complexes, a 75% consensus from apartment owners and legal land users is required.

Furthermore, regarding compensation and resettlement support policies, homeowners and land users whose property is recovered within the scope of urban renovation, beautification, or reconstruction projects (for residential purposes) will be considered for on-site resettlement. An exception applies if the developer proposes an alternative plan—to balance and ensure the project's financial efficiency—which must be approved by the competent authorities.

Alongside incentive mechanisms and support to speed up implementation, the Resolution also specifies cases in which developer selection and investment policy approval will be revoked.

Specifically, the city will revoke the selection of a project developer if, after 12 months from the date of selection and after three rounds of formal consultation with homeowners and land users, a 75% consensus rate (representing at least 75% of the total land area in the renovation zone) cannot be reached.

Additionally, the city will revoke the investment policy and select a different developer if, within six months of completing all administrative procedures required to commence construction, the developer fails to break ground or implement the project according to the approved schedule.

Vneconomy-Thanh Xuân

HCM City high-tech park to expand by nearly 195ha

Tue, 16 Jun 2026 08:00:00 GMT

The expansion aims to support scientific research, high-tech, and strategic technology development.

Deputy Prime Minister Ho Quoc Dung has signed a decision approving the expansion of Ho Chi Minh City high-tech park by 194.84 hectares in Long Phuoc Ward, marking a significant step in the city’s strategy to strengthen its position as a leading technology and innovation hub.

The expansion aims to support scientific research, high-tech and strategic technology development, as well as pilot production of advanced technology products.

The project forms part of the southern city’s broader vision of building a comprehensive high-tech ecosystem that integrates research, incubation, education, technology transfer, and commercialization.

A key feature of the expansion plan is its commitment to achieving carbon neutrality before 2050, in line with Vietnam’s long-term sustainable development goals.

Under the approved framework, the new area will host research and development activities in strategic technologies, pilot manufacturing of products developed within the high-tech park, and controlled testing of emerging technologies, products, and policy mechanisms. The expansion will also support technology incubation, workforce training partnerships, technology transfer, and commercialization initiatives in accordance with Vietnam’s high-tech development policies.

The project is expected to establish advanced research and innovation centers in priority sectors including microelectronics, information technology, automation, biotechnology, and advanced materials. It will also promote industry clusters and industrial symbiosis, while strengthening collaboration between businesses, universities, and research institutions.

VnEconomy-Hồng Quang

Quang Tri’s Quan Ngang IP attracts over $1bln in Investment

Tue, 16 Jun 2026 06:30:00 GMT

The industrial park has emerged as one of central Quang Tri province’s key investment destinations.

With total registered investment approaching VND27 trillion ($1.03 billion), Quan Ngang Industrial Park (IP) has emerged as one of central Quang Tri Province’s key investment destinations.

According to the Quang Tri Economic Zone Management Board, the Quan Ngang IP was established in 2008 and covers a total area of 201.39 hectares. Of this, 143.87 hectares have been designated for industrial production facilities and factory development.

To date, the industrial park has attracted 32 investment projects with a combined registered capital of nearly VND26.97 trillion. The total land area allocated to approved projects has reached 133.45 hectares.

Among the projects, 16 have been granted land-use rights and are already in operation, occupying 60.34 hectares. Another 11 projects have received investment approvals and land leases and are currently under construction on 68.18 hectares. Meanwhile, five projects have secured investment approval but have yet to complete land lease procedures, covering a total area of 4.93 hectares.

VnEconomy-Nguyễn Thuấn

Rental housing project proposed in Hanoi's Viet Hung ward for 2026–2028

Mon, 15 Jun 2026 23:30:00 GMT

The complex will cover approximately 2.46 ha and provide a total of 1,166 apartments.

The Hanoi People’s Committee has submitted a proposal to the City People’s Council for the approval of an investment policy for a municipal rental housing project located in Viet Hung Ward.

According to the proposal, the project will involve the construction of seven residential buildings, each standing 12 to 13 stories tall with two basement levels. The complex will cover approximately 2.46 ha and provide a total of 1,166 apartments.

Categorized as a Group B, Grade I housing project, the development will be managed by the Hanoi Project Management Board of Civil Construction Investment as the primary investor. The total estimated investment exceeds VND3.562 trillion (approx. $136 million), with implementation scheduled for the 2026–2028 period.

The Hanoi People’s Committee stated that the project aims to realize the city’s goal of simultaneously developing commercial and rental housing. Rental housing is identified as a strategic, long-term segment designed to meet the housing needs of various groups, including workers, laborers, students, civil servants, public employees, and members of the armed forces.

City authorities expect the project to provide residents with access to stable, long-term, safe, and affordable housing.

Vneconomy-Thanh Xuân

Ha Tinh approves new industrial cluster

Mon, 15 Jun 2026 08:42:00 GMT

The 75-ha project carries a total investment of nearly VND447 billion (about $17 million).

The People's Committee of Ha Tinh Province, central Vietnam, has approved the investment policy and selected an investor for the Cong Khanh 3 Industrial Cluster project in Nam Hong Linh Ward.

Under the committee's recent decision, the project will be developed by Global Investment Construction and Trading Joint Stock Company on a site covering approximately 75 hectares. The industrial cluster is designed to provide modern and integrated infrastructure to attract domestic and foreign manufacturing and business enterprises.

The project carries a total investment of nearly VND447 billion (about $17 million). The investor will contribute more than VND111.7 billion, accounting for 25% of the total capital, while the remainder will be financed through other lawful funding sources.

The project has an operational term of 50 years from the date land is allocated or leased by the State. Under the implementation schedule, the investor is expected to complete the entire technical infrastructure system and commence operations within 20 months after receiving the land.

The project is expected to strengthen Ha Tinh’s industrial infrastructure and support the province’s efforts to attract new investment and expand its manufacturing base.

VnEconomy-Nguyễn Thuấn

Proposal for full land rent waiver to drive high-tech investment

Mon, 15 Jun 2026 08:22:00 GMT

The science and technology ministry proposed an additional incentive: a "total land rent exemption for the entire lease term for strategic technology RD centers, high-tech RD centers, and strategic technology enterprises."

The Ministry of Justice on June 15 published the appraisal dossier for the second draft of a Decree detailing and implementing several articles of the Law on High Technology.

In this version, the Ministry of Science and Technology (MoST) reviewed and proposed incentive mechanisms and policies at the highest level to facilitate business investment, research, and development of science and technology. The draft aims to promote the growth of high technology, strategic technologies, and strategic technological products.

Notably, Article 44 of the draft stipulates regulations on land use fees and land rent to supplement incentive policies for exemptions and reductions. Accordingly, the MoST proposed an additional incentive: a "total land rent exemption for the entire lease term for strategic technology RD centers, high-tech RD centers, and strategic technology enterprises."

Explaining this proposal, the submission report stated that these centers are key entities that require prioritized incentive policies and support to conduct research and development (RD) activities and manufacture strategic technological products. This move is intended to institutionalize the Party's directions in Resolution No. 57-NQ/TW regarding "fast and sustainable development, and gradually achieving technological autonomy, especially in strategic technologies."

However, under current land incentive policies, these centers are not yet treated equitably compared to similar entities, such as institutes and innovation centers for the digital technology industry or research facilities of science and technology enterprises. Therefore, to ensure policy consistency and fairness between these centers and corporate scientific research facilities, and to avoid negatively impacting investment attraction, the draft adds the aforementioned regulations.

Additionally, the draft stipulates a "full land rent exemption for the entire lease term for land areas subleased to investment projects involving high-tech or strategic technology activities."

For other land areas, the proposal includes a 15-year land rent exemption followed by a 50% reduction for the remainder of the lease term (excluding land used for shared infrastructure in high-tech zones as regulated in Clause 5, Article 95 of Decree No. 102/2024/ND-CP, dated July 30, 2024, which provides detailed regulations on the implementation of the Land Law).

Vneconomy-Đỗ Như

Investment for Cat Lai and Dong Nai 2 Bridge projects in Dong Nai raised to over $1.4bln

Mon, 15 Jun 2026 08:00:00 GMT

The projects are expected to strengthen transport connectivity and economic integration across Vietnam's southeastern region.

The People's Council of southern Dong Nai city has approved adjustments to the investment capital for the Cat Lai Bridge and Dong Nai 2 (Long Hung) Bridge projects, increasing their combined investment capital to more than VND36.75 trillion (approximately $1.44 billion).

Both projects will be implemented under the public-private partnership (PPP) model and are expected to strengthen transport connectivity and economic integration across Vietnam's southeastern region.

Under the revised plan, the investment for the Cat Lai Bridge project has been increased from VND20.6 trillion to more than VND24 trillion, an addition of nearly VND3.4 trillion. According to local authorities, the adjustment reflects updates to the bridge design to align with the winning architectural concept and traffic planning on the Ho Chi Minh City side, as well as expanded land acquisition requirements for key interchanges.

The project will span more than 11.6 kilometers, including a 4.7-kilometer bridge section. It will connect Cat Lai Ward in Ho Chi Minh City with the Ben Luc–Long Thanh Expressway in neighboring Dong Nai city. Once completed, the bridge is expected to replace the existing Cat Lai ferry service and significantly improve regional freight and passenger transport.

Meanwhile, the investment for the Dong Nai 2 (Long Hung) Bridge project has been raised from VND12.48 trillion to nearly VND12.75 trillion. The increase is primarily attributed to higher compensation, resettlement, and land clearance costs associated with connections to the Bien Hoa–Vung Tau Expressway.

VnEconomy-Thanh Thủy

Hanoi proposes 146 social housing projects

Sun, 14 Jun 2026 23:40:00 GMT

The projects form part of the city's broader strategy to increase the supply of social housing for low- and middle-income residents.

Hanoi's Department of Construction has released details of 146 proposed social housing projects across the capital, marking a significant step toward expanding affordable housing and meeting growing residential demand in the coming years.

The projects are planned across multiple areas and form part of the city's broader strategy to increase the supply of social housing for low- and middle-income residents.

Several projects are expected to be developed under pilot mechanisms introduced by National Assembly Resolution No. 201/2025/QH15, which provides special policies to accelerate social housing development.

According to the department, Hanoi has so far approved 90 social housing projects and 20 housing projects for members of the armed forces.

Of the 90 social housing developments, which are expected to provide approximately 83,000 apartments, 13 projects comprising 11,124 units have already broken ground. Another 41 projects with around 32,000 units are scheduled to commence construction in 2026, while 29 projects are expected to start in 2027. The remaining seven projects are currently undergoing investment and administrative procedures.

The latest proposals underscore Hanoi's efforts to address housing affordability challenges and support the government's broader objective of accelerating social housing development nationwide.

VnEconomy-Hoàng Bách

Da Nang approves two major infrastructure projects in Free Trade Zone

Sat, 13 Jun 2026 07:30:00 GMT

The two projects spanning over 800ha within the central city's Free Trade Zone.

The People’s Committee of Da Nang city in central Vietnam has approved investment policies and investors for two new infrastructure development projects within the Da Nang Free Trade Zone (FTZ), further advancing the city’s ambition to develop a major regional trade and logistics hub.

Under decisions issued on June 11, Phuong Trang Investment JSC was approved as the investor for the functional-zone infrastructure project at Site No. 3 in Hai Van Ward. The project will cover 500 hectares and require total investment of more than VND8.1 trillion ($310 million).

Meanwhile, Thanh Binh Phu My JSC will develop the FTZ Phu My 3 Industrial Park project at Site No. 4 in Ba Na Commune. The 335-hectare project carries an investment value of VND5.34 trillion.

Both projects will have operating terms of up to 70 years from the date land-use rights are granted or leased by the State.

Earlier, the city approved a third project at Site No. 2, to be developed by Saigon-Da Nang Investment JSC. Covering 75 hectares and requiring investment of more than VND1.56 trillion, the project is designed to provide modern logistics facilities, warehouses, ready-built factories and international trade support services.

Together, the three approved projects span approximately 910 hectares and represent total investment exceeding VND15 trillion, laying a key foundation for the development of the Da Nang Free Trade Zone.

VnEconomy-Ngô Anh Văn

Ha Tinh approves new industrial park

Thu, 11 Jun 2026 23:40:00 GMT

Development of the IP, covering over 188.6ha, demanding investment capital of VND2.08 trillion ($80 million).

The Ha Tinh Provincial People's Committee has approved investment policy and investor for the first phase of the Bac Hong Linh Industrial Park infrastructure development project.

Under the approved plan, Plaschem Ha Tinh Industrial Park JSC will develop the project, which is expected to play a key role in the central province's industrial expansion strategy.

The first phase of Bac Hong Linh IP will be developed in Bac Hong Linh Ward and cover an area of 188.61 hectares. Total investment is estimated at approximately VND2.08 trillion ($80 million).

The project aims to build a modern and integrated industrial infrastructure system, creating ready-to-use industrial land to attract secondary investors and manufacturing enterprises. Provincial authorities view the development as an important step toward promoting concentrated, specialized and sustainable industrial growth.

Construction is scheduled to be completed within 24 months from the date the site is handed over by the state. The industrial park will have an operating term of 50 years from the date of land allocation or lease.

VnEconomy-Nguyễn Thuấn

Unlocking over $300 bln in investment capital to drive real estate growth

Thu, 11 Jun 2026 10:04:39 GMT

This information was revealed at a recent seminar titled “Unlocking Growth – Momentum from the Private Economy.”

Approximately 4,500 real estate projects nationwide are currently facing obstacles, leaving more than VND3 quadrillion (nearly $114 billion) capital stagnant, according to statistics from the Ministry of Construction (MoC). To date, authorities have resolved difficulties for 1,025 projects, successfully unlocking VND800 trillion ($300.4 billion) in investment capital.

This information was revealed at a recent seminar titled “Unlocking Growth – Momentum from the Private Economy.”

Speaking at the event, Ms. Hoang Thu Hang, Deputy Director of the Housing and Real Estate Market Management Department, the MoC, noted that a major market inadequacy is the prolonged supply-demand mismatch. While high-end housing continues to account for a large share of the market, there is a severe shortage of segments that align with the financial capacity of the majority of the population. Despite high demand for actual housing, many people have yet to find opportunities to access suitable products.

To address these market challenges, the Government has directed ministries and sectors to implement various solutions to boost supply.

“Resolving projects that have been stalled for years not only helps release social resources but also supplements market supply, contributing to lower housing prices and improving accessibility for the public,” she said.

Another vital solution, according to Ms. Hang, is the promotion of science, technology, and digital transformation to enhance market transparency. The MoC has advised the Government on the issuance of Decree 357 and is urgently finalizing an information system for housing and the real estate market.

"Each property will be assigned a unique identification code. Through this code, citizens and investors can look up comprehensive information regarding legal status, land use rights, transaction conditions, sales history, and price trends. This public data disclosure is expected to help the market operate more transparently, curb speculation, and reduce risks for investors," she added.

Ms. Hang also stated that leaders of the Party and the National Assembly have directed the MoC to research new mechanisms and policies to develop the rental housing market, particularly as affordable supply remains scarce. Currently, the ministry is finalizing policy documents to submit to the National Assembly for consideration during the October 2026 session. Proposals focus on land, tax, and credit incentives to attract businesses to the rental housing sector.

The objective is to increase the supply of affordable housing, providing more options for the public—especially workers, laborers, civil servants, and members of the armed forces. Those who are not yet in a position to purchase a home can still secure stable accommodation through renting.

In addition to regulatory solutions, experts believe that the sustainable recovery and development of the market will also depend significantly on the adaptability and business strategies of the enterprises themselves.

According to Dr. Nguyen Van Dinh, Chairman of the Vietnam Association of Realtors (VARS), enterprises must focus on developing highly competitive products characterized by reasonable pricing, superior quality, effective commercial utility, and high liquidity. Developers need to flexibly apply customer support policies to enhance the appeal of their offerings. Additionally, businesses should continue to improve investment efficiency and optimize costs to create products with price points that are better aligned with the general public's affordability.

Vneconomy-Thanh Xuân

HCM City attracts commitments for nearly 100,000 rental housing units

Thu, 11 Jun 2026 07:10:00 GMT

The city aims to develop more than 181,000 social housing units during the 2026–2030 period, including approximately 50,000 rental units.

At a conference on rental housing development and investment promotion, hosted by Ho Chi Minh City on June 9, commitments from 13 organizations and enterprises to develop nearly 100,000 rental housing units were announced, signaling strong support from both public and private sectors for the city's affordable housing strategy.

Among state-affiliated organizations, the Ho Chi Minh City Federation of Labor pledged to develop 10,000 rental units, while the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) committed to another 10,000 units. The city's Housing Development Fund (HOF) proposed and committed to building 25,000 units, and Saigon Real Estate Corporation (RESCO) pledged 1,755 units.

Private-sector participation was led by CT Group, which registered plans to develop 20,000 units. Bcons followed with a commitment of 10,000 units. Other major developers joining the initiative include Novaland with 6,000 units, Kim Oanh Group 5,000 units, Vingroup 4,500 units, Thien Phat Investment Construction Production Service Tourism JSC 3,150 units, Duc Manh JSC 2,000 units, Nam Long ADC 1,000 units and Le Thanh Company 800 units.

According to the municipal Department of Construction, Ho Chi Minh City aims to develop more than 181,000 social housing units during the 2026–2030 period, including approximately 50,000 rental units.

VnEconomy-

Ha Tinh approves $2bln Vung Ang III LNG Power Plant project

Wed, 10 Jun 2026 23:30:00 GMT

The project, with a total installed capacity of 1,500MW, expected to support national energy security.

Authorities in Ha Tinh Province have, central Vietnam, approved investment policy and investors for the Vung Ang III LNG Power Plant, a major energy project with a total investment of more than VND51.43 trillion (approximately $2 billion).

Located in Hoanh Son Ward, the project will have a total installed capacity of 1,500 megawatts (MW) and is expected to become one of the key energy facilities in Vietnam’s North Central region, supporting national energy security and the implementation of the country’s Power Development Plan VIII.

The approved investor consortium comprises PetroVietnam Power Corporation (PV Power), Vietnam Machinery Installation Corporation (Lilama) and Thailand-based B.Grimm Power Public Company Limited.

The project will occupy approximately 51.7 hectares of land and nearly 16 hectares of sea surface area. The plant will consist of two LNG-fired generating units with a combined capacity of 1,500 MW.

With an operating term of 50 years from the date of land and water allocation, the project is scheduled to be developed in phases. The first 750-MW generating unit is expected to begin commercial operations in the first quarter of 2031, while the second is planned to enter operation in the second quarter of 2032.

VnEconomy-Nguyễn Thuấn

Ministry proposes special mechanism for North-South Expressway expansion

Wed, 10 Jun 2026 07:28:00 GMT

Under the medium-term public investment plan for the 2026–2030 period, the Ministry of Construction has organized the preparation of a pre-feasibility study to widen sections of the Eastern North-South Expressway.

The Ministry of Construction (MoC) has dispatched a document to 11 provinces and cities to solicit feedback on the pre-feasibility study report for a project to expand several sections of the Eastern North-South Expressway.

The localities involved include Dong Nai city and the provinces of Ninh Binh, Thanh Hoa, Nghe An, Ha Tinh, Quang Tri, Quang Ngai, Gia Lai, Dak Lak, Khanh Hoa, and Lam Dong.

Under the medium-term public investment plan for the 2026–2030 period, the MoC has organized the preparation of a pre-feasibility study to widen many sections of the Eastern North-South Expressway. The plan aims to upgrade segments currently featuring four "limited" lanes (17 meters wide) to a complete six-lane expressway standard.

The ministry has requested local authorities to evaluate the project's necessity and socio-economic efficiency. Localities are also encouraged to propose suitable investment models, choosing between public investment and Public-Private Partnerships (PPP). Furthermore, the MoC called for recommendations on "special mechanisms" to resolve bottlenecks in land clearance, construction material supply, and project implementation.

Earlier, while chairing a meeting on June 9 on the investment preparations for the expansion, Minister of Construction Tran Hong Minh reached a consensus on upgrading the four-lane sections to six lanes in accordance with the national master plan. This approach is intended to ensure long-term synchronization and avoid the inefficiency of multiple incremental expansions, which waste time and resources and disrupt the operation of the entire route.

The MoC has also ordered a comprehensive review of the entire North-South Expressway corridor from the northern mountainous province of Lang Son, which borders China, to the southernmost province of Ca Mau. The route is divided into three primary segments: Lang Son – Hanoi, Hanoi – Ho Chi Minh City, and Ho Chi Minh City – Dat Mui (in Ca Mau province). Based on an assessment of traffic volume, technical standards, and transport demand for each specific section, authorities will determine the investment scope and the order of priority for implementation.

Vneconomy-Gia Huy

Property market expected to gain fresh impetus

Tue, 09 Jun 2026 23:35:00 GMT

As Vietnam strives to become a regional green finance hub, the demand for "green" real estate projects—characterized by energy efficiency and environmental friendliness—is expected to escalate in the near future.

In the coming period, the real estate market is expected to receive a significant boost driven by urban planning adjustments, massive infrastructure investment, and a refined regulatory framework. Strategic infrastructure projects, the Transit-Oriented Development (TOD) model, and landmark legislative changes are poised to create vast new "room" for development across the sector.

Speaking at the recently held seminar "Identifying Real Estate Financial Trends 2026," Dr. Vo Tri Thanh, Director of the Institute for Brand and Competitiveness Strategy, emphasized that a pivotal trend currently is the simultaneous effort by localities to review, adjust, and restructure their development master plans. Unlike previous approaches, current planning is viewed as a "development space" strategy, with infrastructure and real estate serving as its two core pillars.

Accompanying these master plans is a wave of infrastructure projects spanning not only transport but also digital networks, underground utilities, maritime, and aerial spaces, said Dr. Thanh. Notably, the TOD model—integrated with urban railway lines in Hanoi and Ho Chi Minh City and future regional rail networks—is expected to catalyze the property market while fostering the emergence of new industrial sectors.

Furthermore, regional connectivity policies, the vision for Ho Chi Minh City as a megacity, and the nationwide replication of specific special mechanisms are projected to bring transformative changes to the real estate landscape.

The market is also being increasingly influenced by the rise of green finance and the green economy. As Vietnam strives to become a regional green finance hub, the demand for "green" real estate projects—characterized by energy efficiency and environmental friendliness—is expected to escalate in the near future.

From a policy perspective, the expert noted that the market will be shaped by major amendments to the Land Law, Housing Law, Law on Real Estate Business, Law on Public Investment, and Law on Bidding.

In particular, he said, the development of a real estate identification system and the formation of a national real estate exchange promise to standardize data, enhance transparency, and mitigate market risks. Additionally, property taxes, transaction taxes, and market structural adjustments will remain critical focal points in the upcoming phase.

Vneconomy-Thanh Xuân

$265mln Cua Lo navigation channel to be built in Da Nang

Mon, 08 Jun 2026 23:30:00 GMT

The project aimed at supporting the development of the Chu Lai Open Economic Zone and surrounding areas, one of central Vietnam’s major economic and industrial hubs.

The People's Council of central Da Nang city in central Vietnam has approved an investment policy for the Cua Lo Navigation Channel project under a build-transfer (BT) contract model, with preliminary investment estimated at nearly VND6.95 trillion ($265 million).

Designed to accommodate vessels of up to 50,000 DWT, the project will cover approximately 354.7 hectares of land and water surface. The development includes a navigation channel, protective infrastructure, a synchronized maritime signaling system and a pilot boarding and disembarkation area with a one-nautical-mile radius.

The project will be implemented in Nui Thanh, Tam Hai and Tam Anh communes in southern Da Nang, with construction scheduled to begin in the fourth quarter of 2026 and be completed by the fourth quarter of 2028.

A key objective of the project is to support the development of the Chu Lai Open Economic Zone and surrounding areas, one of central Vietnam’s major economic and industrial hubs. Once completed, the channel is expected to enhance connectivity within the regional port system, improve cargo-handling capacity and reduce logistics costs for businesses.

The proposed investor is Dai Quang Minh Real Estate Investment JSC, a member of the THACO ecosystem.

VnEconomy-Ngô Anh Văn

Vietnam trade union plans over 10,700 social housing units for workers

Mon, 08 Jun 2026 00:30:00 GMT

The initiative aims to provide workers with stable living conditions, allowing them to focus on their work and maintain long-term commitment to enterprises and industrial zones.

The Vietnam General Confederation of Labor (VGCL) plans to construct approximately 10,700 social housing units by 2030, aiming to provide workers with stable living conditions, allowing them to focus on their work and maintain long-term commitment to enterprises and industrial zones.

At a press conference regarding the outcomes of the 14th Vietnam Trade Union Congress, Vice President of the VGCL Le Van Nghia stated that the 2023 Housing Law clearly designates the VGCL as an authorized entity for social housing investment.

Based on this legal framework, the VGCL has developed an implementation plan starting in 2024 with three rental housing projects for the the 2024–2025 period.

To date, construction has commenced on all three projects in the provinces of Bac Ninh and Ben Tre (now Vinh Long), with a total scale of 1,722 apartments. These projects are expected to be completed and operational by 2027, contributing to the housing needs of workers in industrial zones.

According to the Prime Minister’s Decision on the "Development of at least 1 million social housing units by 2030" project, the VGCL was tasked with building 10,000 worker housing units between 2023 and 2030.

To achieve this goal, the VGCL plans to invest in 10 to 15 new projects across the country between 2026 and 2030, with a scale of approximately 9,000 apartments.

Mr. Nghia noted that with a total projected output of over 10,700 units and based on current progress, the VGCL is essentially on track to meet the target set by the Prime Minister.

In a related report, the Hanoi Confederation of Labor stated that the city currently has about 2.7 million workers, more than 70% of whom are living in rented boarding houses.

According to Director of the Hanoi Department of Planning and Architecture Nguyen Trong Ky Anh, the city’s housing development strategy will prioritize the planning and construction of large-scale, concentrated social housing areas. These areas will ensure synchronized technical and social infrastructure.

Hanoi has already designated 19 land funds for the development of concentrated social housing, covering a total area of approximately 995 ha.

Vneconomy-Phúc Minh

Hai Phong accelerates development of 24 industrial clusters

Sun, 07 Jun 2026 01:10:00 GMT

Total investment capital estimated at VND12.56 trillion ($478 million).

Northern Hai Phong city is investing in 24 industrial clusters with a combined area of more than 1,116 hectares with total investment capital of VND12.56 trillion ($478 million) as the northern port city seeks to expand its industrial land bank and sustain economic growth.

According to the municipal People's Committee, industrial-cluster projects in the eastern part of the city are progressing rapidly, while several projects in the western area continue to face delays due to land clearance challenges.

Of the 24 industrial clusters under development, 16 are located in eastern Hai Phong, covering approximately 713.5 hectares across Tien Lang, Kien Thuy, An Lao, An Duong, Thuy Nguyen and the Southern Coastal Economic Zone. The area hosts several large-scale projects, including the Le Thien–Dai Ban Industrial Cluster, the largest among them, spanning about 60 hectares with an investment of roughly VND1.25 trillion.

Meanwhile, eight industrial-cluster projects are being developed in western Hai Phong, covering a combined area of around 409 hectares.

City authorities said the 24 projects, once completed, will provide an additional 1,116.8 hectares of industrial land, helping expand the city's manufacturing base and enhance its capacity to attract secondary investment projects.

VnEconomy-Nam Khánh

Expectations from a proposed housing development strategy

Sat, 06 Jun 2026 03:00:00 GMT

The inadequacies and failings of Vietnam’s housing market would be addressed by the proposed National Housing Development Strategy.

Vietnam’s housing market continues to be burdened by a range of chronic ailments - soaring prices, supply-demand imbalances, rampant speculation, and a shortage of long-term financing; all of which require an effective treatment plan. The proposed National Housing Development Strategy aims to address the root causes of the current housing system’s shortcomings through a new approach grounded in the “developmental State” model.

This is a long-term, large-scale program with far-reaching impact, requiring the highest level of political commitment and coordinated action across all levels of government and sectors. Its core objective is to restructure the housing market so that the vast majority of people can afford to own or rent homes aligned with their income levels, while also transforming housing into a driver of Vietnam’s sustainable socio-economic development.

Current problems

In reality, Vietnam’s housing market continues to suffer from deep-rooted structural problems, most notably severe imbalances reflected in the following.

Housing prices far outpacing incomes: In major cities around Vietnam, the house price-to-income ratio has climbed to 20-30 times annual income, far exceeding internationally-accepted affordability thresholds, where a ratio of roughly 5-7 times is considered healthy. As a result, home ownership is increasingly slipping out of reach for ordinary citizens, particularly younger generations in large urban centers, who face unprecedented financial pressure. This has raised concerns over the emergence of a “three-no generation” (not able to a buy a home, not wanting to marry, and not wanting to have children) with potentially negative implications for economic growth and social stability.

Land increasingly financialized, with speculation prioritized over real demand: Vietnam’s real estate market has long been shaped by speculative behavior, treating land as a financial asset for short-term gain rather than a place to live. Even unverified planning rumors can trigger land fever, as brokers and speculators inflate prices far beyond intrinsic value. As a result, capital is increasingly diverted into real estate instead of productive sectors and innovation, reinforcing a short-term, less sustainable economic model. This growing financialization of land has significantly distorted the market and heightened the risk of asset bubbles.

Housing supply heavily skewed toward the high-end segment: Developers have largely prioritized mid to high-end housing projects in recent years with higher profit margins, resulting in a severe shortage of affordable housing for the broader population. Since 2021, virtually no new commercial housing projects have introduced apartments considered “affordable” - priced below VND30 million ($1,155) per sq m. This imbalance is undermining the long-term stability and sustainability of the housing market.

Infrastructure lagging behind urban expansion needs: Urban transport infrastructure has not expanded quickly enough to open up new urban areas and create reasonably-priced land supply in suburban districts. Infrastructure bottlenecks continue to constrain housing supply growth, intensifying price pressures in central urban areas.

A lack of a large-scale, long-term rental housing market: Vietnam’s rental housing market remains underdeveloped and has yet to become a sustainable housing solution for the population. Rental rates remain relatively low - only around 10 per cent in urban areas, compared with more than 50 per cent in some developed countries - and are dominated by short-term, privately-arranged rentals. Professional, long-term rental products remain scarce, partly because Vietnam lacks a national policy framework and housing stock dedicated to long-term rental markets.

These structural shortcomings cannot be resolved through short-term administrative interventions or piecemeal support packages. Rather, they require a comprehensive, long-term strategy grounded in a new approach to fundamentally restructure the housing market. Addressing these systemic root causes will require adopting a “developmental State” model in housing policy.

Five principles

The “developmental State” model in housing policy is one in which the State plays a proactive role in guiding and shaping the market, rather than merely acting as a passive regulator or leaving the market to self-correct. This philosophy is reflected in five guiding principles for housing policy.

First, the State acts as the chief architect of the market, but does not replace it: The State serves as a supporter that fosters a healthy market environment, rather than subsidizing or replacing businesses. Under this model, the private sector remains the primary engine of growth, while the State provides direction and support through long-term planning, market-based tools, and macro-level oversight. In housing, this principle requires the State to proactively redesign the playing field, correcting existing distortions while allowing the market to operate according to competitive principles within a new framework.

Second, strategic land control for long-term development: In Vietnam, land is collectively owned and managed by the State. As such, the government must play an even more proactive role in ensuring land is allocated and used fairly and effectively. The planning and allocation of land for housing, particularly social housing, rental housing, and new urban areas, should be led by the State.

Strategic land areas, including public land and sites linked to future infrastructure plans, must remain under State oversight to prevent them from falling into the hands of speculators. This principle helps ensure land prices are not inflated far beyond real value by speculative booms, while safeguarding sufficient land reserves for long-term housing development programs.

Third, “Infrastructure first, housing follows”: A developmental State should proactively plan and build infrastructure, including roads, utilities, and public transport, in suburban and satellite areas with development potential. Once infrastructure is in place, businesses and residents will be more willing to relocate and settle there, helping create affordable new urban zones that ease pressure on inner cities.

Fourth, clearly separating the three housing markets: Commercial housing should operate at market prices, serving higher-income groups and developed by private enterprises under appropriate regulation. Social housing should provide low-cost options for lower-income households, supported by the State through land, financing, or incentives. A long-term rental housing market should meet the stable housing needs of young workers, migrants, and other groups. Such a segmented approach ensures that each housing category develops in a healthy manner, fulfills its intended role, and avoids overlap.

Fifth, mobilizing long-term capital to replace short-term credit: Large-scale and stable housing development requires long-term, low-cost capital rather than reliance on volatile short-term bank lending. The developmental State philosophy encourages the creation of long-term housing finance channels, including the issuance of 20-30-year bonds and mobilizing capital from insurance funds, pension funds, and long-term institutional investors. These funding sources are better aligned with housing’s long investment cycles (10-20 years) and can lower borrowing costs for homebuyers.

To translate this philosophy into practice, the Strategy proposes a series of new institutions and breakthrough policy tools aimed at restructuring the housing market in line with the developmental State approach.

Key institutional components include:

Establishing the National Housing Corporation (NHC): This body would concentrate resources to develop strategic housing projects, particularly 5-8 satellite cities surrounding major economic hubs. Specifically, the NHC would be tasked with managing and utilizing public land as well as land recovered through restructuring processes, such as stalled projects or urban redevelopment sites. Based on this land bank, the NHC would plan affordable large-scale urban developments, build essential infrastructure first, and then collaborate with private developers to construct housing. Through the NHC, the government expects to proactively deliver tens of thousands of reasonably priced housing units each year, helping guide housing prices toward more sustainable levels.

Tax reform and anti-speculation measures in real estate: This group of solutions seeks to “reset” market behavior, shifting incentives from speculation toward genuine housing demand. The Strategy proposes a progressive property tax on multiple-home ownership, with higher tax rates applied from the second home onward. At the same time, taxes would be imposed on vacant or underutilized land to penalize land hoarding and speculation, forcing owners either to put land into productive use or transfer it to others.

Conversely, first-time homebuyers purchasing for genuine residential use would receive tax reductions or exemptions, directly reducing the cost burden of home ownership. These tax policies would both generate budget revenue for reinvestment into social housing and help rebalance the market toward greater fairness.

Beyond taxation, a transparent and synchronized nationwide land database is also needed. Together, these measures could cool speculative activity, bring housing prices closer to their real-use value, and redirect social capital toward productive investment and genuine housing demand instead of speculative real estate cycles.

Segmentation and development of each housing market segment: As outlined in the philosophy, the Strategy will establish separate legal frameworks and dedicated programs for each housing segment. For commercial housing, the State will focus on refining legislation, including the Law on Housing, the Law on Real Estate Business, and the amended Land Law, to simplify investment procedures and improve planning transparency. This is intended to boost project supply, lower development costs, and help bring commercial housing prices to more reasonable levels. At the same time, market regulations (such as credit rules and risk-weighting ratios) will be strengthened to prevent the recurrence of speculative bubbles.

To support these institutions and housing development programs, the Strategy proposes a foundational medium to long-term financing model. This model is designed to address the capital challenge for affordable housing development through low and stable interest rates, while avoiding excessive reliance on the State budget or short-term credit.

The key components of the financing model include:

Issuance of National Housing Bonds: These bonds would carry maturities of 20-30 years, with target interest rates of 5-6 per cent annually; lower than conventional commercial lending rates. All funds raised would be channeled into the National Housing Development Fund to finance social housing projects and satellite urban developments, or provide preferential mortgage loans to homebuyers.

Preferential installment credit for homebuyers: Eligible groups (for example, buyers of social housing) would be able to borrow from the Fund at fixed interest rates of around 5-6 per cent over extended repayment periods of 20-25 years. The guiding principle is that monthly repayments should not exceed 30-35 per cent of household income, ensuring affordability. With low fixed rates, middle-income households would be able to purchase homes without facing the burden of high floating commercial interest rates.

Diversified funding sources and capital recycling: Beyond bonds, the Strategy encourages mobilizing an additional approximately 30 per cent of capital through voluntary savings schemes and other sources. These savings would not only encourage better financial habits among citizens but also contribute to the Fund’s resources. The model would operate through a closed-loop financing mechanism: revenues from housing sales or rentals, along with mortgage repayments from homebuyers, would flow back into the Fund to cover annual bond principal and interest payments, before being reinvested into new housing projects.

Implementation roadmap

To turn the strategic vision into reality, the Strategy sets out a phased implementation roadmap over ten years, accompanied by assessments of the feasibility of each step to ensure both rapid execution and sufficient flexibility for adjustment to changing circumstances.

Phase 1 (2026-2027) - Preparing the Legal and Institutional Framework: During the first two years, the priority will be to complete the legal framework and establish new institutions. Specifically, by 2026, laws and decrees on property taxation (including taxes on second homes and idle land) should be submitted and passed, while amendments to the Law on Housing and the Land Law (if not approved during 2024-2025) should be introduced to create a legal foundation for new policies. At the same time, the NHC should be established in 2026, with capable leadership selected and a specialized operating charter developed for the corporation.

In parallel, investment and construction procedures should be reformed by introducing streamlined approval mechanisms for social housing projects, allowing certain sub-procedures to be bypassed if projects are already included in government-approved plans. During this phase, the national land system should also be synchronized, integrating housing and property information with tax authorities.

Phase 2 (2027-2030) - Piloting and Launching Major Projects: Over the following three to four years, the Strategy will shift to implementing flagship projects in practice. By 2030, the goal is to launch 3-5 large satellite urban developments on the outskirts of Hanoi, Ho Chi Minh City, and several other major urban centers. The NHC, together with local authorities, will identify locations, prepare detailed master plans, and begin infrastructure construction for these developments.

At the same time, large-scale social housing and worker housing projects, particularly in industrial parks and export processing zones, will also be implemented with support from the National Housing Development Fund. This phase will be decisive in demonstrating the model’s effectiveness in practice. A key benchmark would be the completion, by 2028, of the first affordable apartment complexes developed by the NHC, with citizens able to purchase homes at preferential interest rates. If bottlenecks arise, the government should prioritize timely intervention and resolution.

Regarding financing, the first issuances of housing bonds will take place during this phase, beginning with smaller pilot offerings, approximately VND10-20 trillion ($385-770 million), to test market demand. If the bonds are well received, issuance could then be expanded.

Phase 3 (2030-2035) - Expanding and Completing the System: From 2030 onward, once pilot models have demonstrated results, the Strategy will be expanded nationwide. By 2035, the target is for 60 per cent of new housing supply to fall within the “affordable” segment (including social housing, NHC-developed housing, and mid-priced commercial housing).

Satellite urban areas launched in earlier phases will gradually be completed and begin welcoming residents, while additional urban developments may be planned in other key economic regions. The rental housing market will also begin to take shape: after 2035, Vietnam could develop a large-scale long-term rental market, supported by professional rental companies and REITs (real estate investment trusts) focused on rental housing, collectively providing hundreds of thousands of rental apartments.

Overall, the ten-year roadmap is designed to be practical and gradual. Quantitative targets, such as 1 million social housing units and 60 per cent affordable housing supply, are ambitious but realistic. For example, achieving 60 per cent affordable supply is entirely possible if policies successfully attract a large number of businesses to the segment alongside TNHC-developed products.

Most importantly, feasibility depends on sustained government commitment across administrations. This is a long-term strategy that requires consistency and perseverance in implementation. If policy priorities and resources are maintained, Vietnam could see a fundamentally-transformed housing market within a decade.

Combined coordination

To realize the Strategy, coordination across all levels and sectors will be required, particularly strong support from the government through the following measures.

Approving the strategic proposal and directing the issuance of a new legal framework: Immediately after the proposal is approved, relevant agencies should be tasked with drafting and submitting a law or resolution on property taxation (housing and land) in 2026 in line with the Strategy. At the same time, amendments to the Law on Housing, the Land Law, and the Law on Real Estate Business should be prioritized during the closest National Assembly session to establish the legal basis for implementation.

Piloting key flagship projects as demonstration models: The government should immediately select one or two locations near Hanoi (for example, Dong Anh or Hoa Lac) and one or two others near Ho Chi Minh City to launch National Housing Urban Area projects led by TNHC. By 2027, at least one pilot project, consisting of several thousand housing units with complete infrastructure and amenities, should break ground. These projects should receive maximum priority in financing and administrative procedures to complete the first phase within 2-3 years, creating public confidence and spillover momentum.

Issuing the first National Housing Bonds in 2027: The Ministry of Finance and the State Bank of Vietnam should coordinate preparations for the first issuance of housing bonds, proposed at around VND20 trillion ($769 million) with a maturity of 20 years. National leaders should approve a 100 per cent government guarantee for these bonds to reassure investors. At the same time, domestic insurance and pension funds should be directed to prioritize purchasing these bonds as part of their mandatory investment portfolios. Smooth mobilization of long-term capital will determine the Strategy’s financial success or failure.

Issuing a directive on rental housing market development: The Prime Minister could issue a dedicated directive instructing the Ministry of Construction to draft a Rental Housing Development Program for 2026-2035, including specific incentives for businesses investing in rental housing, frameworks for rental REITs, and legal reforms to strengthen tenant protections. This would be an important preparatory step toward developing a large-scale rental market after 2030.

Strengthening communications and building consensus: Public consensus will be essential for smooth implementation, particularly regarding the introduction of new taxes and the mobilization of resources.

Regular monitoring, evaluation, and flexible adjustments: The Ministry of Construction should lead the development of a KPI framework to assess the Strategy’s results, including indicators such as reductions in house price-to-income ratios, the number of affordable housing units built, and buyer satisfaction with social housing. Annual reports should be submitted to the government and National Assembly, allowing policies to be adjusted in a timely manner.

Housing should not only be viewed as a social welfare issue but also as essential infrastructure for national development, comparable to roads and electricity grids. Restructuring the housing market through a developmental State model would lay the foundation for sustainable economic growth, social stability, and higher long-term productivity in Vietnam.

With the decisive actions outlined above, Vietnam can confidently embark on comprehensive housing market reform. The next decade will be pivotal in enabling millions of Vietnamese families to secure stable housing, contributing to a more prosperous and equitable society. The National Housing Strategy 2026-2035 represents the Party’s and the State’s commitment to ensuring that no one is left behind in the country’s development journey, and that every citizen has the opportunity to secure suitable housing and a better quality of life.

This is not merely an economic and social policy, but also a humanitarian mission for the country’s future. We respectfully urge the government to consider approving the proposal and directing the coordinated implementation of the measures outlined above to bring the Strategy into reality.

VET- Dao Quang Binh

Hanoi to announce Master Plan with 100-year vision at June 29 conference

Thu, 04 Jun 2026 07:20:00 GMT

The conference also seeks to promote socio-economic cooperation between Hanoi and other localities, driving growth across the Capital Region, the Red River Delta, and the Northern Key Economic Zone.

Hanoi has announced plans to organize the 2026 Investment Promotion Conference alongside the official unveiling of the Hanoi Capital Master Plan with a 100-year vision.

The event aims to update the city’s new development orientations while strengthening ties with the domestic and international investment communities.

The conference is scheduled to take place on June 29 at the National Convention Center. It is expected to draw between 1,000 and 1,200 delegates, including senior leaders from the Central Government, various ministries, and local departments.

Also in attendance will be representatives from international organizations, diplomatic missions, business associations, domestic and foreign investors, economic experts, and media agencies.

The primary objective of the event is to boost domestic and foreign investment by showcasing the potential and opportunities within the Capital and its surrounding regions. A central highlight will be the announcement of the Hanoi Capital Master Plan with a 100-year vision.

The conference also seeks to promote socio-economic cooperation between Hanoi and other localities, driving growth across the Capital Region, the Red River Delta, and the Northern Key Economic Zone. This highlights Hanoi’s leading role as an economic powerhouse and its spillover influence in innovation, science and technology, infrastructure, culture, education, and healthcare.

As part of the program, Hanoi will feature a digital experience space where investment projects are showcased using advanced technology. This multi-language digital platform will integrate 3D imagery and detailed planning data layered over 360-degree onsite footage. This will allow investors and delegates to interact with projects in a virtual environment as if they were conducting physical site surveys.

Vneconomy-Thanh Xuân

Five major bottlenecks persist in Vietnam’s real estate market

Wed, 03 Jun 2026 07:30:00 GMT

There is a supply-demand mismatch. The market faces an oversupply in the high-end segment but a severe shortage of housing priced appropriately for the average citizen's income.

The real estate market has shown positive signals recently, however, five major "bottlenecks" still need to be addressed, said Deputy Minister of Construction Nguyen Van Sinh.

Speaking at the Vietnam Real Estate Forum 2026 themed "The Real Estate Market in a New Growth Model: Unlocking Resources - Creating Development Space - Aligning with National Growth Objectives" on June 2, the deputy minsister highlighted five major "bottlenecks" that require focused resolution.

First, there is a supply-demand mismatch. The market faces an oversupply in the high-end segment but a severe shortage of housing priced appropriately for the average citizen's income.

Second, the product structure is imbalanced. Development is heavily skewed toward commercial housing for sale, while the long-term rental segment—which meets the genuine need for affordable housing—remains critically undersupplied.

Third, house prices remain excessively high. Prices have surged many times faster than average income growth, making it extremely difficult for low-income earners in major urban areas to access housing.

Fourth, current mechanisms and policies lack sufficient incentives. They have yet to effectively attract the private sector to invest in long-term rental housing projects.

Fifth, there is a lack of integration in information systems and databases. Housing data between central and local authorities is not yet fully synchronized, creating difficulties in state management and hindering market transparency and stable development.

“These are cumulative issues that cannot be resolved overnight. However, we must take immediate, resolute, and synchronized action to meet the housing needs of the people,” Deputy Minister Sinh stated.

Vneconomy-Phan Nam

PM urges five localities to break ground on rental housing projects this June

Mon, 01 Jun 2026 23:00:00 GMT

The Government leader also called for the rapid implementation of large-scale rental housing projects in the third and fourth quarters of this year.

Prime Minister Le Minh Hung has demanded that northern Vietnam's Hai Phong, Quang Ninh, Bac Ninh, Ninh Binh, and Hung Yen each strive to break ground on at least one rental housing project within this month.

Chairing a meeting in Hai Phong with leaders from these five localities on rental housing development on the afternoon of June 1, the PM also called for the rapid implementation of large-scale rental housing projects in the third and fourth quarters of this year.

The Government leader noted that the localities are among the country's top economic performers, with hundreds of thousands of workers currently employed in industrial zones. He stressed that the pressure to provide rental housing is urgent and that successful implementation in these areas would serve as a pilot model to be replicated nationwide.

"The demand for rentals is massive, yet the supply is severely lacking, especially for long-term options at affordable prices—this is the primary bottleneck," said PM Hung.

He noted that most workers in these five localities currently live in informal, self-built boarding houses, which pose significant risks to safety, particularly regarding fire prevention, hygiene, and living conditions. Furthermore, some public housing assets are being used inefficiently, resulting in waste. Meanwhile, low profit margins and long payback periods remain major hurdles in attracting private investment, compounded by insufficient financial, tax, and credit incentives.

Consequently, the Prime Minister called for a strong shift in mindset: moving from a focus on housing primarily for sale to developing both commercial and rental housing simultaneously. The State will play an enabling role through institutions, policies, planning, and financial-credit tools, ensuring that those whose income levels do not yet allow for homeownership can access long-term, reasonably priced rentals. He emphasized that rental housing development must be closely integrated with industrial zone planning, economic zones, transport corridors, and population management.

“The policy is clear; localities must take the initiative and not wait passively for the central government. If there are obstacles, they must be identified specifically to propose amendments and perfect the institutional framework,” he said.

He emphasized that this is an urgent matter where the State must lead, using public resources as leverage to attract private capital. He urged the effective use of national and local housing funds to drive the market, mobilizing diverse resources rather than relying solely on the budget.

Regarding planning, localities are required to base their actions on general and provincial master plans approved by the Prime Minister. They must proactively review and adjust these plans to specifically define the locations and scales of rental housing zones, particularly those linked to key industrial zones and strategic development regions.

"This task must be completed within June 2026. Localities must carefully assess local demand to develop a rental housing development plan through 2030, including specific annual targets, priority projects, expected resources, and implementation roadmaps. These must be submitted to the Ministry of Construction to report to the Prime Minister by the end of June at the latest," he stated.

Finally, PM Hung requested that localities propose specific mechanisms to develop rental housing—including specialized policies on land, finance, credit, taxes, and investment procedures—based on their practical implementation. These proposals should be sent to the Ministry of Construction for a report to the Prime Minister and integrated into the revised Law on Housing and Law on Real Estate Business by July.

Vneconomy-Dương Huyền Ngân

Nghe An targets over 2,100 social housing units in 2026

Mon, 01 Jun 2026 00:00:00 GMT

The target contributing to the province’s broader goal of nearly 4,963 units under its social housing development plan.

Facing growing demand for affordable housing, the central province of Nghe An is stepping up efforts to accelerate social housing projects, aiming to complete more than 2,100 units in 2026 while taking a tougher stance against delayed developments.

During a recent inspection of several commercial and social housing projects, Vice Chairman of the Nghe An People’s Committee Hoang Phu Hien urged relevant agencies and investors to speed up implementation and ensure projects are delivered on schedule.

Following the inspection, relevant departments and agencies were tasked with reviewing and resolving bottlenecks within their authority to facilitate project implementation.

Mr. Hien also called on project developers to intensify construction efforts and bring projects into operation in line with targets assigned by the Prime Minister.

The provincial Department of Construction has been instructed to continue monitoring and supervising the progress of social housing developments across the province.

Nghe An aims to complete approximately 2,129 social housing units for low-income residents this year, contributing to the province’s broader target of nearly 4,963 units under its social housing development plan.

VnEconomy-Nguyễn Thuấn

Hanoi targets operating 2-3 multi-purpose urban areas by 2030

Sun, 31 May 2026 23:30:00 GMT

Hanoi encourages strategic private investors with strong financial capacity, extensive experience, and the ability to implement synchronized infrastructure to participate in these projects in accordance with legal regulations.

Hanoi has approved a scheme to develop multi-purpose urban areas across the city. This represents a crucial orientation in the capital’s urban spatial organization strategy for the coming period.

The scheme aims to develop multi-purpose urban areas distributed evenly across eight directions of the city, linked to nine dynamic development axes identified in the Capital Master Plan with a 100-year vision.

Priority will be given to locations near major transport corridors and public transport hubs. These areas are designed to meet diverse housing needs, including social housing, resettlement housing for key ongoing projects, official housing, and rental housing, combined with a balanced proportion of commercial housing.

The goal is to create sustainable living and working spaces capable of generating and maintaining livelihoods for residents directly within the urban areas. These zones will feature a full range of functional areas, including commerce, services, clean production, urban logistics, and public workspaces. This ensures that residents can conduct their daily activities, study, and access healthcare, culture, and sports facilities within the confines of the urban area.

Specifically, the total housing development demand for the 2021–2030 period is estimated at approximately 195–255 million sq.m of floor area. After accounting for approximately 18 million sq.m of social housing and 45 million sq.m of self-built housing, the city needs to develop between 132 and 192 million sq.m of commercial and resettlement housing within these multi-purpose urban projects. Notably, 100% of these areas must meet smart city criteria, ensuring alignment with the city's Smart City Development Roadmap.

According to the roadmap, the draft scheme will be finalized and approved by the second quarter of 2026, followed by the commencement of several initial projects. By 2030, the city aims to complete and put 2–3 multi-purpose urban areas into operation.

Regarding the investment model, Hanoi encourages strategic private investors with strong financial capacity, extensive experience, and the ability to implement synchronized infrastructure to participate in these projects in accordance with legal regulations.

Vneconomy-Thanh Xuân

Hanoi’s retail property market goes far and wide

Sun, 31 May 2026 08:15:00 GMT

Hanoi’s retail property market has witnessed a clear shift in recent times from central areas to relatively new urban hubs.

Hanoi’s retail market has revolved largely around established commercial districts in the inner city for many years, particularly Hoan Kiem, where strong foot traffic, tourism activity, and limited supply helped sustain premium rents. But as the capital expands and consumer behavior evolves, retailers are increasingly reassessing where future growth lies.

That shift is becoming increasingly visible in Tay Ho Tay New Town. Japanese department store operator Takashimaya, best known in Vietnam for its flagship store at the Saigon Centre in Ho Chi Minh City, is expected to expand its Hanoi presence at Westlake Square Hanoi. The move reflects growing retailer interest in integrated urban districts that combine premium housing, office supply, hospitality, and long-term demographic growth.

According to the Hanoi Statistics Office, the total retail sales of goods and consumer services reached VND171.5 trillion ($6.6 billion) in the first two months of 2026, up 13.2 per cent year-on-year. Retail sales alone climbed 15.8 per cent to VND112.9 trillion ($4.3 billion), accounting for nearly two-thirds of total turnover and highlighting recovering domestic consumption and improving purchasing power.

But beneath the positive headline numbers, Hanoi’s retail property market is entering a more competitive and structurally-different phase, one increasingly defined by decentralization, experience-led retail formats, and intensifying competition among landlords as supply expands beyond the Central Business District (CBD).

Beyond the city center

Hanoi’s retail geography is gradually being redrawn. According to the Hanoi MarketBeat Q1 2026 report from Cushman Wakefield, Vietnam’s capital added 51,497 sq m of new retail space during the first quarter of 2026, bringing total retail stock to approximately 1.43 million sq m. The increase was driven primarily by the opening of the Hanoi Centre, a 50,000 sq m shopping center developed by Keppel in a secondary area, together with retail podium developments in western Hanoi. Shopping centers continue to dominate the market, accounting for around 85 per cent of total supply, underscoring the growing preference for larger, destination-style retail formats.

Crucially, most new supply is no longer concentrated in the traditional urban core. Cushman Wakefield noted that developers are increasingly focusing on non-CBD districts, particularly western and suburban areas, where larger land plots and integrated township developments allow for more experiential retail concepts and stronger long-term catchment potential.

Between the remainder of 2026 and 2028, approximately 313,909 sq m of additional retail supply is expected to enter the market. Of that, suburban areas are projected to account for 153,500 sq m, while western Hanoi is expected to contribute 144,253 sq m, far outweighing future additions in central districts.

The broader direction of the market is echoed in the Savills Hanoi Q1/2026 Market Brief, which showed Hanoi’s modern retail stock reaching approximately 1.7 million sq m, with shopping centers remaining the dominant format and overall occupancy standing at 89 per cent. Savills observed that secondary districts and city-fringe areas are increasingly emerging as major retail destinations as Hanoi transitions toward a more decentralized, multi-center urban structure.

The consultants also linked this trend to Hanoi’s long-term urban planning strategy, which emphasizes suburban growth poles and satellite districts to relieve pressure on the city center. As land constraints continue to limit large-scale retail expansion in the CBD, growth is increasingly following new residential clusters and mixed-use urban developments.

Savills expects the supply wave to accelerate over the next several years. According to its report, nine projects are expected to add approximately 266,824 sq m of new retail space by the end of 2026. Between 2027 and 2028, much of the upcoming supply is projected to be concentrated in the Starlake area, where multiple projects are scheduled for completion within a relatively short timeframe.

This helps explain the growing appeal of areas such as Tay Ho Tay and Starlake. Once viewed primarily as residential expansion zones, these areas are evolving into mixed-use ecosystems combining office towers, embassies, hotels, research facilities, and premium housing - the type of concentrated environment increasingly favored by retailers seeking long-term footfall and higher-spending consumers.

The expected arrival of Takashimaya at Westlake Square Hanoi therefore appears less like an isolated investment and more like a reflection of a broader repositioning underway across Hanoi’s retail market.

Experience-led retail

According to the Hanoi MarketBeat Q1 2026 report, leasing activity during the first quarter continued to be driven primarily by food and beverage (FB) and entertainment operators, helping absorb newly-completed retail space. Hanoi also saw the expansion of flagship retail concepts, including brands such as Phuc Long Dragon and Skechers, reinforcing retailer confidence despite intensifying competition.

Developers, in turn, are increasingly adjusting their strategies to reflect changing consumption habits. Cushman Wakefield noted that landlords are placing greater emphasis on tenant mix optimization, experiential retail concepts, and community-oriented spaces to sustain visitor traffic and improve long-term occupancy stability. Rather than functioning solely as shopping destinations, malls are increasingly being positioned as places where consumers can dine, socialize, and spend leisure time.

A broader regional perspective reinforces the trend. In its “Retail in Motion: Turning Global Signals into Strategic Considerations” report, Cushman Wakefield identified “experience-led demand” as one of the defining characteristics shaping retail markets across Asia. Rather than operating purely as retail venues, shopping centers are increasingly functioning as “third places” - environments for gatherings, recreation, and lifestyle experiences. Across regional markets, categories such as FB, wellness, entertainment, and hybrid lifestyle concepts are increasingly outperforming traditional fashion-led retail models.

Savills similarly observed that future large-scale developments in Hanoi are likely to place greater emphasis on differentiation and consumer experience as competition intensifies, particularly in emerging suburban districts where retail destinations are still being established.

This transition is also reshaping how retailers evaluate locations. Increasingly, brands are prioritizing districts with stronger residential density, integrated infrastructure, and long-term demographic growth over purely historic centrality.

Stronger competition

Even as Hanoi’s retail market expands, developers are entering a more demanding environment. According to Cushman Wakefield, average occupancy stood at 86.5 per cent during the first quarter, increasing 1.1 percentage points year-on-year but down slightly quarter-on-quarter as newly-completed projects entered lease-up phases and some tenants remained in fit-out periods. At the same time, average ground-floor asking rents climbed to $51.4 per sq m per month, rising 9.1 per cent quarter-on-quarter and 10.1 per cent year-on-year.

The increase in rents was driven partly by newly-launched projects in secondary districts entering the market at higher asking levels than older stock. Leasing demand in prime locations also remained resilient, particularly for professionally-managed schemes with strong branding and visibility, according to Cushman Wakefield.

Savills likewise reported continued rental resilience, with market rents increasing 4 per cent year-on-year, despite the growing supply pipeline. The consultants noted that shopping centers continue to outperform other retail formats due to stronger operational quality and their ability to adapt to evolving consumer preferences.

At the same time, future supply growth is likely to intensify competition among landlords, particularly in non-CBD districts where the majority of new projects are concentrated. Cushman Wakefield expects longer lease-up periods and greater leasing flexibility to become increasingly necessary as projects compete for tenants and footfall. Developers with stronger residential catchments, clearer positioning, curated tenant ecosystems, and destination-oriented retail concepts are expected to outperform in the next stage of market growth.

For Hanoi, the rise of developments such as Westlake Square Hanoi may ultimately represent something larger than a single commercial project. It signals the emergence of a retail landscape no longer centered solely around the traditional CBD, but increasingly shaped by a network of new urban hubs where retail, lifestyle, and residential demand converge.

VET-Diep Linh

HCM City expands list of housing projects open to foreign buyers

Sun, 31 May 2026 07:25:00 GMT

This marks the seventh time the city has released a list of qualified projects, bringing the total number of approved developments to more than 130.

Authorities in Ho Chi Minh City have announced 10 more housing projects in which foreign nationals are eligible to purchase homes, reflecting the city’s continued efforts to attract international investors and skilled workers.

According to the municipal People’s Committee, the latest additions include the Phu Hung apartment complex, covering nearly 20,000 square meters in Chanh Hiep Ward, and the New Tech mixed-use commercial and residential project spanning more than 9,000 square meters in Phu Thuan Ward.

The city had previously approved eight other residential projects for foreign ownership, including the An Dien Eco-Residential Area, a mixed-use housing and commercial complex in Dong Hoa Ward, the Vista luxury apartment project, and the Sensation condominium and commercial complex developed in An Khanh Ward.

Additional projects include the Green Symphony apartment tower in Hiep Phuoc Commune, Green Square urban-commercial complex in Di An Ward, AK Tower in An Phu Ward, and the An Phu apartment project.

This marks the seventh time the city has released a list of qualified projects, bringing the total number of approved developments to more than 130.

Property experts said expanding the list of projects available to foreign buyers could improve market liquidity while attracting a growing pool of expatriates, senior executives, and highly skilled professionals living and working in Ho Chi Minh City, particularly those seeking well-located and professionally managed residential properties.

VnEconomy-Phạm Vinh

Vietnam’s young people and homeownership decisions

Sat, 30 May 2026 01:16:00 GMT

Housing demand among Vietnam’s Millennials and Gen Z remains structurally strong, although the pace of purchasing activity is changing due to some pressures.

According to a report by property consultancy Avison Young Vietnam, younger buyers are increasingly splitting into three distinct groups: cautious savers, suburban movers, and long-term renters. The trend reflects broader shifts in priorities, pricing, and capital allocation.

Changes in homeownership demand are also driving demand for housing supply, satellite cities, and the rental market, while creating opportunities for new housing models.

Buying a home no longer an urgent priority

Homeownership was once widely regarded as a key milestone of adulthood. However, many Millennials and Gen Z consumers in Vietnam now divide their aspirations into different categories.

Firstly, property prices have significantly exceeded income growth. Over the past five years, apartment prices in Hanoi, Ho Chi Minh City, and Da Nang have risen by 72 per cent, 50 per cent, and 34 per cent, respectively, against average income growth of only 6–10 per cent annually. By the first quarter of 2025, residential property prices had reached nearly 20 times the average annual household income, according to data from the Asia Pacific Home Attainability Index 2025. In the second quarter of 2026, primary market prices averaged around $3,900 per square meter in Ho Chi Minh City and $3,950 per square meter in Hanoi.

Secondly, the supply of affordable housing has been declining for years. As property prices outpace disposable income growth, many young buyers are forced to revise their plans. Most now prefer to rent in central urban districts or opt for social housing projects rather than pursuing homeownership in city centers, according to Avison Young Vietnam.

Thirdly, the savings gap is also widening for younger consumers. Urban Consumer Price Index (CPI) rose 8.4 per cent in April 2026, driven mainly by higher utility and construction material costs. Meanwhile, average wages increased by only 3.5 per cent, according to the General Statistics Office of Vietnam.

As a result, the traditional idea of buying a home early in life is gradually being replaced by more flexible living arrangements and lifestyle priorities. Survey data shows that homebuying decisions among younger consumers are increasingly tied to financial planning and long-term lifestyle considerations.

A survey conducted in early 2026 by Happiness Saigon found that 350 Gen Z respondents aged 18–26 viewed self-development, savings, and investment as more important financial priorities than homeownership. This suggests many young people now consider homeownership a long term objective rather than an immediate necessity, while balancing other goals such as career development, investment, and quality of life.

Three tiers of young urban buyers

These four factors are driving a visible split among Vietnam’s young urbanites into three distinct groups, differentiated by financial capacity, risk tolerance, and lifestyle philosophy.:

The first group continues to aspire to homeownership but is delaying purchases amid high interest rates, rising living costs, and concerns over long-term financial security. Many are prioritizing savings accumulation and waiting for more favorable credit conditions before committing to a mortgage.

The second group is taking a more proactive approach, accepting higher financial risk in anticipation of continued property price growth. These buyers are increasingly shifting toward satellite cities and suburban districts surrounding Ho Chi Minh City in search of homes priced below VND5 billion. Areas such as Thuan An, Di An, and Thu Dau Mot have become key destinations for mid-range housing demand. However, many buyers remain heavily dependent on family support or high loan-to-value borrowing, creating repayment pressure that could last for decades.

Meanwhile, a third group is actively choosing long-term renting over ownership. For many young residents, renting is no longer viewed as a temporary solution but as a strategic financial and lifestyle decision. Later marriage ages, smaller households, and more flexible career paths are contributing to this trend. Rental demand has continued to rise, particularly among residents aged 25–34, supported by concerns over mortgage burdens and housing affordability.

The report noted that these changing attitudes are restructuring Vietnam’s housing market. Demand has not disappeared, but is becoming increasingly selective as housing prices continue to outpace income growth. As speculative demand gradually weakens, reasonably priced housing in satellite urban areas is expected to emerge as a strategic segment in the next development cycle.

At the same time, the rental market is expected to become more professionalized, with build-to-rent models and long-term rental housing likely to play a larger role in Vietnam’s urban development strategy.

VnEconomy -Nhu Quynh

Positive momentum of industrial real estate market

Thu, 28 May 2026 01:30:00 GMT

Industrial real estate has proven to be robust in recent times, with upwards momentum continuing in the first quarter amid myriad global headwinds.

The latest report from the Ministry of Construction indicates that Vietnam’s industrial real estate market maintained its positive momentum in the opening quarter of 2026, with both rental prices and occupancy rates remaining high. In northern Vietnam, industrial land rents ranged from $90 to $250 per sq m per lease term, with occupancy rates above 80 per cent. Rents in the central region stood at $70 to $120 per sq m, while those in southern Vietnam ranged from $185 to over $280 per sq m, with occupancy exceeding 90 per cent.

Nationwide, rents for ready-built factories and warehouses also edged upwards. Data from DTJ Industrial showed that industrial real estate rents increased by 3-6 per cent year-on-year in the first quarter.

Rising supply, rising rents

According to JLL, the market is expanding in both scale and value. Northern Vietnam currently has nearly 13,000 ha of industrial land across more than 70 operational industrial parks, with new supply in the first quarter exceeding 100 ha. Occupancy stood at 82 per cent, and the cumulative leased area rose to 10,400 ha, up 5 per cent year-on-year. Leading developers, including Kinh Bac City, Deep C, Viglacera, Rox iPark, and VSIP, account for nearly half of developed land.

The ready-built factory segment reached more than 3.6 million sq m across 91 projects, up 14 per cent compared with a year earlier. New supply in the first quarter totaled 159,000 sq m, while occupancy stood at 87 per cent, with leasing activity concentrated in Bac Ninh province and Hai Phong in Vietnam’s north. Rental rates ranged from $4 to $7.1 per sq m per month, reflecting a 4 per cent increase year-on-year.

Modern ready-built warehouses in the north reached a total supply of 2.2 million sq m, representing a 1.7-fold increase year-on-year. The market recorded an additional 162,000 sq m of new warehouse space in the first quarter, including the entry of South Korea’s JIEL Group through the JEIL Logistics Hai Phong project. Average rents climbed to $5.1 per sq m per month, up 10 per cent year-on-year and marking the strongest growth among the three segments.

In the south, the ready-built warehouse segment also posted a positive start to the year. Nearly 50,000 sq m of new supply entered the market in the first quarter, primarily in Dong Nai province, bringing total supply to some 2.5 million sq m. Rental levels rose 0.5 per cent quarter-on-quarter, to $5.07 per sq m per month. Growth was mainly driven by high-quality projects with strong occupancy, while most of the market remained stable or adopted flexible pricing strategies to optimize leasing performance.

Demand continues to come from a diverse range of tenants, including manufacturers, retailers, and e-commerce companies serving both the domestic and export markets. However, occupiers are becoming more selective, prioritizing logistics facilities with strong connectivity, completed infrastructure, and high operating standards in order to optimize costs and improve supply chain efficiency. This shift reflects a growing focus on quality assets and strategic locations, particularly in established industrial parks linked to Ho Chi Minh City and key seaports.

Strategic manufacturing and logistics hub

Despite the global uncertainties, Vietnam remains a strategic destination for manufacturing and logistics. Industrial real estate activity continues to be supported by stable macro-economic conditions, expanding FDI, and ongoing improvements in infrastructure.

Ms. Nguyen Hong Van, Head of Transactions at JLL Vietnam, said geopolitical tensions have not weakened the market but have created short-term pressure through rising logistics costs, which in turn are influencing site selection decisions. Locations with well-developed infrastructure and strong connectivity are increasingly favored, while ready-built industrial properties are emerging as a cost-efficient solution.

Vietnam’s industrial and logistics market is also benefiting from global supply chain diversification and a sustained shift toward ready-built facilities. Investors from South Korea, Singapore, China, Japan, and Europe continue to expand operations, particularly in electronics, semiconductors, automotive components, and high-tech industries. “The availability of diverse real estate solutions, from industrial land to ready-built and build-to-suit facilities, allows manufacturers to enter the market at different scales and expand over time,” Ms. Van said.

According to Mr. Nguyen Quoc Khanh, Chairman of DTJ, several structural drivers are reinforcing market growth. Newly-registered FDI surged in the first quarter of 2026, with capital continuing to flow into manufacturing and processing.

At the same time, Vietnam is piloting next-generation free economic and trade zone models designed to attract high-quality investment through institutional innovation rather than traditional tax incentives. The Hung Yen Free Economic Zone, with a planned scale of 30,538 ha and total investment of $18 billion, has been approved at the provincial level and is moving toward submission to the central government. In Hai Phong, its free trade zone has entered the implementation phase, with a focus on integrating port, logistics, and industrial ecosystems.

Public investment in infrastructure is also accelerating. Major projects such as Ring Roads 4 and 5 in the Hanoi region, Gia Binh Airport, and the Hanoi - Ha Long high-speed railway are expected to strengthen supply chains in the Red River Delta and stimulate industrial real estate demand.

Infrastructure reshaping the market

Mr. John Campbell, Director of Industrial Services at Savills Vietnam, noted that with approximately 234 large-scale projects underway and total investment estimated at VND3,400 trillion ($130.8 billion), the country is entering a new phase of infrastructure-led growth. Key developments such as Long Thanh International Airport, metro systems in Hanoi and Ho Chi Minh City, and more than 380 km of newly-operational North-South expressways are opening new economic corridors and supporting the formation of integrated supply chain ecosystems.

Infrastructure development continues to play a central role in Vietnam’s industrial transformation. In the north, sectors such as electronics, semiconductors, and high-value manufacturing are being driven by sustained investment in seaports, expressways, and logistics networks. In the south, large-scale infrastructure projects are expected to reshape freight flows and support new development corridors, while improved transport links will strengthen interregional connectivity and the efficiency of goods movement.

Mr. Campbell said the market’s growth momentum is expected to strengthen over the course of 2026. Infrastructure rollout will open up new industrial clusters, while policies supporting high-value industries are likely to attract additional quality investment. At the same time, Vietnam’s digital capacity is expanding with the development of large-scale data centers, reinforcing the country’s competitive position as it shifts toward more advanced manufacturing and technology-driven supply chains.

The core of this transformation, he noted, lies in scaling up while improving quality, supported by alignment across infrastructure, technology, human capital, and policy. Future growth is expected to come from high-value industries that depend on stable energy supply, modern industrial and distribution systems, and integrated digital infrastructure.

Looking ahead, JLL expects rental rates in northern Vietnam to rise by 4-6 per cent annually, particularly in areas near seaports, airports, and major expressways. Occupancy is projected to remain high, with industrial land above 80 per cent, while factory and warehouse occupancy should improve from late 2026 as new supply is absorbed.

Ms. Chuong Quoc Doan, Associate Director, Leasing Agency - Industrial Office, Cushman Wakefield Vietnam

After years driven by rapid supply expansion, rising land prices, and strong manufacturing growth, the market is shifting from scale to quality, shaped by infrastructure upgrades, supply chain restructuring, improved products, and greater focus on operational efficiency.
The transition toward value optimization reflects stronger emphasis on sustainability and higher-quality solutions. Supported by Vietnam’s manufacturing base, expanding trade links, and continued appeal among foreign investors, demand for industrial land and ready-built assets remains solid, particularly in southern Vietnam, where occupiers increasingly prioritize resilience, efficiency, and strategic locations.
Within the Southern Key Economic Region, comprising Ho Chi Minh City, Tay Ninh, and Dong Nai, industrial land supply has reached 36,400 ha across 161 projects, alongside 6.6 million sq m of ready-built factories and 6.65 million sq m of warehouses. Over the past decade, land supply has increased by more than 80 per cent, while prices have risen over 120 per cent. Ready-built warehouses and factories have also recorded strong supply and rental growth.
By 2036, industrial land supply in the southern region is expected to reach at least 58,557 ha, with ready-built factory and warehouse supply projected at 7.76 million sq m and 7.31 million sq m, respectively. This pipeline will reinforce the region’s role as a key manufacturing and logistics hub.
The next phase of growth will be defined by quality rather than quantity, with infrastructure, product standards, operational efficiency, and sustainability playing a greater role. Demand is increasingly focused on well-planned assets, modern facilities, and locations that support both production efficiency and supply chain resilience.

VET- Phan Nam

“Tien Phuoc” pepper officially granted geographical indication protection

Wed, 27 May 2026 10:00:00 GMT

Currently, Vietnam's central Da Nang City holds five GIs for local specialties: Ngoc Linh ginseng, Tra My cinnamon, Cu Lao Cham – Hoi An bird’s nest, Nam O fish sauce, and Tien Phuoc pepper.

The Tien Phuoc Commune People’s Committee, central Da Nang city, on May 25 held a ceremony to announce and receive the Geographical Indication (GI) protection certificate for “Tien Phuoc” pepper.

Tien Phuoc pepper has long been renowned for its intense aroma, characteristic pungency, and premium quality. According to the GI description, the product is classified into three main types: green, black, and white. Specifically, Tien Phuoc black pepper contains a piperine content of 6.82% – 7.17% and volatile essential oil content of 2.47% – 2.67%. Meanwhile, its white pepper variety boasts a piperine content of 7.32% – 7.44%, creating a distinct sharp heat that is easily distinguishable from pepper grown in other regions.

Scientists have determined that the unique quality of Tien Phuoc pepper is the result of a special combination of endemic natural conditions and traditional farming practices passed down by local residents.

Beyond its physical quality, Tien Phuoc pepper carries deep historical and cultural significance. Since the early 17th century, pepper was one of the vital trade commodities in the Southern Realm of Vietnam through the Hoi An commercial port. Numerous historical documents by domestic and international scholars recognize Tien Phuoc pepper as a precious specialty with a long-standing reputation. In local folklore, the pepper plant is closely intertwined with the lives of the people, appearing in traditional folk songs that reflect the daily activities and collective memory of the community across generations.

The protection of the “Tien Phuoc” Geographical Indication is a crucial step in establishing a legal framework to safeguard the product's reputation, quality, and origin. It creates favorable conditions for organized management, quality control, traceability, and market development. This serves as a foundation for building a sustainable value chain, increasing added value, and enhancing competitiveness. Furthermore, it acts as a catalyst for farmers to boost production, improve quality, and expand commercial scale.

To date, Vietnam has 154 protected Geographical Indications associated with famous brands such as Buon Ma Thuot coffee, Phu Quoc fish sauce, Tan Cuong tea, Luc Ngan lychee, and Binh Thuan dragon fruit. Currently, Da Nang City holds five GIs for local specialties: Ngoc Linh ginseng, Tra My cinnamon, Cu Lao Cham – Hoi An bird’s nest, Nam O fish sauce, and Tien Phuoc pepper.

Vneconomy-Ngô Anh Văn

Hanoi chosen to pioneer rental housing models

Mon, 25 May 2026 23:30:00 GMT

Rental housing considered important in restructuring the real estate market and meeting real housing demand while promoting sustainable urban economic development.

Hanoi is chosen to pioneer practical and scalable rental housing models that could later be replicated in other major urban and economic hubs nationwide, said Prime Minister Le Minh Hung while chairing a working session on May 25 with the municipal People's Committee and ministries on rental housing development in the capital.

This is considered an important step in restructuring the real estate market and meeting real housing demand while promoting sustainable urban economic development, according to the PM.

He urged Hanoi to take the lead in implementing long-term rental housing models by leveraging special mechanisms under the Capital Law to proactively design, implement and supervise policies.

He said rental housing development must be integrated with urban planning, land-use planning, public transport, industrial zones and labour market development, with priority given to major cities, industrial parks and key economic corridors with full infrastructure.

He called for diversified funding sources, stressing that while public investment remains important, the sector cannot rely solely on the state budget. Authorities should unlock private capital and long-term funding from investment funds and credit institutions, while using state resources effectively to guide and stimulate the market.

Hanoi was asked to strive to break ground on several rental housing projects this June while flexibly using social housing obligation revenues under a model in which the State invests in and professional enterprises operate projects.

VnEconomy-Anh Khoa

Vietnam to prioritize rental housing, tighten controls on property speculation

Mon, 25 May 2026 10:00:00 GMT

Rental housing, particularly apartment developments in major cities, industrial parks, economic zones, and key economic corridors, is identified as a strategic priority.

Vietnam is set to reshape its housing policy by prioritizing rental housing development through 2030, while tightening oversight to curb real estate speculation and improve housing access for low-income residents.

The policy direction was outlined in Notice No. 64-TB/VPTW, issued on May 22 by the Party Central Committee's Office, following a working session of Party General Secretary and State President To Lam with the Government Party Committee, and relevant agencies in Hanoi on May 19.

The notice identifies rental housing—particularly apartment developments in major cities, industrial parks, economic zones, and key economic corridors—as a strategic priority. The move marks a significant shift from Vietnam’s traditional housing model, which has largely focused on home ownership despite growing long-term rental demand among young workers and migrant laborers.

Authorities said expanding rental housing supply under a state-regulated market framework could help reduce pressure on homebuyers and improve living stability for millions of workers.

The government has also assigned agencies to study new land and credit policies to support rental housing development, review land reserves, and align housing projects with broader infrastructure planning.

In addition, officials have been instructed to strengthen measures against profiteering and speculative real estate activity, while accelerating the use of digital technologies in housing management.

Vietnam also plans to amend the Housing Law and the Real Estate Business Law in 2026, aiming to address persistent housing shortages and affordability challenges, particularly for low-income households.

VnEconomy-Lý Hà

Rental housing must become strategic pillar through 2030: Top leader

Mon, 25 May 2026 07:30:00 GMT

Party General Secretary and State President To Lam stressed that citizens should have access to stable, safe and affordable housing suited to eligible beneficiaries, with rental housing becoming a long-term pillar.

Chairing a recent working session with the Government's Party Committee and relevant ministries and agencies on the implementation of the Party Central Committee’s Secretariat’s Directive No. 34-CT/TW of May 24, 2024 on strengthening the Party’s leadership over social housing development in the new context, Party General Secretary and State President To Lam stressed that citizens should have access to stable, safe and affordable housing suited to eligible beneficiaries, with rental housing becoming a long-term pillar.

The leader was quoted by the Vietnam News Agency as saying at the working session that from now until 2030, housing for sale will remain necessary, but rental housing must be identified as a strategic pillar, especially in major urban centers, industrial zones, labor migration hubs and areas where housing prices far exceed people’s income levels.

He stressed that in the new development period, access to safe and affordable housing must be regarded as a fundamental right of citizens and a measure of social progress. Housing, he said, must become an integral and stable component of urban and rural structures, social welfare, urban security, labor productivity and a healthy real estate market.

The leader underscored that ensuring housing for the people reflects the human nature of Vietnam’s political system. Housing development, he noted, must be approached from a comprehensive perspective rather than treated solely as a construction-sector issue or a policy aimed at supporting low-income groups. Instead, it should be addressed as an inter-sectoral, multi-level and inter-regional issue linked to urban planning, land use, industrial development, public transport, labor market and population management.

He acknowledged efforts made by the National Assembly, Government, ministries, sectors and localities in improving institutions, issuing policies, simplifying procedures and promoting housing development. However, he stressed that housing policy in the new period must be designed with a new mindset and vision to ensure everyone has access to housing.

Housing is for living, not for speculation or asset accumulation, he said, adding that achievements in housing policy so far have fallen short of targets and lagged behind the immense social demand.

Pointing out existing shortcomings and bottlenecks, General Secretary and President Lam called for housing to be embedded in the national urban development strategy. Every urban area, industrial park, economic zone, growth corridor and key economic region, he said, must incorporate housing planning alongside technical infrastructure, social services and cultural, healthcare and educational facilities.

Housing planning, he added, must closely follow labor supply and demand. Areas with high concentrations of workers, migrant laborers, industrial parks, universities, hospitals and service-sector employees should be prioritized for land allocation, infrastructure development and appropriate social housing mechanisms.

According to the leader, Vietnam’s housing development model in the new phase should neither rely on State subsidies nor be left entirely to market forces. The State should play a facilitating role by creating land funds, planning, providing financial support, setting standards and simplifying administrative procedures, while the market participates in construction and operation with reasonable profit margins. Citizens, meanwhile, should have access to stable, safe and affordable housing suited to eligible beneficiaries, with rental housing becoming a long-term pillar.

He urged continued efforts to improve the quality of housing-related legal frameworks for submission to the NA at its second session. The State, he said, should focus on planning, taxation and credit regulation while ensuring fairness and preventing housing speculation.

Local authorities were asked to review land funds, refine housing plans, proactively clear sites and prepare clean land reserves for policy housing projects in order to create favorable conditions for investors.

The Ministry of Finance and the State Bank of Vietnam were tasked with coordinating with relevant ministries and agencies to develop long-term financial mechanisms for policy housing. Businesses, he said, should be allowed reasonable profits while ensuring strict control over costs, quality, construction progress and sale and rental prices.

The leader also called for policies to accelerate the development of the apartment rental market and encourage private enterprises and non-profit organizations to participate in building, financing and managing low-cost rental housing subsidized by the State for low- and very low-income families unable to purchase homes.

He stressed the need for strict and transparent controls over homebuyers and policy beneficiaries to prevent speculation and profiteering. Housing policy, he said, must not be exploited for personal gain, while officials, civil servants and Party members must set an example in strictly implementing housing policies.

The General Secretary and President assigned the Government Party Committee to study and formulate a new housing development policy model in line with the Constitution, Party and State policies, and the practical needs of the people for submission to the National Assembly.

VNA-Van Nguyen

Da Nang designates 113 sites for social housing development

Mon, 25 May 2026 01:00:00 GMT

The sites spreading across the central city's key urban and development zones.

Authorities in central Da Nang city have approved a list of 113 land sites earmarked for social housing development, marking a major step in the city’s efforts to expand affordable housing and attract investment in residential infrastructure.

The designated sites include 24 projects already under development and 89 additional locations planned for future implementation.

The sites are spread across the central city's key urban and development zones, including the eastern Han River waterfront, the High-Tech Park, the Innovation Zone, and several strategic sub-areas such as Hoa Phat, Hoa Minh, and Lien Chieu Port. Other targeted areas include urban zones in Hoa Vang and neighboring development corridors.

The Da Nang Department of Construction has been tasked with publicly announcing the approved land portfolio to attract developers interested in investing in social housing projects across the city.

The department will also guide project developers to ensure compliance with regulations related to investment, planning, land use, and construction. In addition, authorities will monitor project timelines, urge faster implementation, and inspect developments to address delays or construction quality issues.

The move underscores Da Nang’s broader commitment to improving housing accessibility and supporting sustainable urban growth amid rising demand for affordable homes.

VnEconomy-Ngô Anh Văn

Ninh Binh approves $235m high-tech park project

Sun, 24 May 2026 23:30:00 GMT

The northern province’s 628-ha project aimed at attracting advanced technology and modern industrial investment.

Authorities in northern Ninh Binh Province have approved an investment policy and selected an investor for the Ha Nam High-Tech Park infrastructure development project, a major initiative aimed at attracting advanced technology and modern industrial investment to the province.

The project will be developed by Vietnam-Singapore Industrial Park Urban and Industrial Development Joint Stock Company (VSIP).

The high-tech park will span approximately 628.36 hectares across Tran Thuong, Nhan Ha, and Nam Ly communes. The project aims to build and operate modern infrastructure to support the establishment of high-tech and advanced industrial ventures.

Total investment is estimated at nearly VND5.99 trillion (about $235 million), including VND898.5 billion in investor equity, with the remaining VND5.09 trillion to be mobilized from other funding sources.

The project will have an operational term of 50 years from the date the land is allocated or leased. Construction is scheduled to begin in 2026 and continue through the second quarter of 2032, with a planned building period of 60 months.

VnEconomy-Nguyễn Thuấn

Land database is to be completed in 2026

Sun, 24 May 2026 08:50:00 GMT

Vietnam currently has around 106 million land plots nationwide. Of these, data for 23.5 million plots have been reviewed, updated and standardized to ensure they are "accurate, sufficient, clean and live."

Vietnamese Deputy Prime Minister Ho Quoc Dung has urged ministries, sectors and localities to double efforts to accelerate cadastral mapping, land registration and the development of a comprehensive national land database in 2026, aiming to enhance market transparency and promote digital transformation, according to a report from the Government News.

The Ministry of Agriculture and Environment was quoted by the News as reporting that Vietnam currently has around 106 million land plots nationwide. Of these, data for 23.5 million plots have been reviewed, updated and standardized to ensure they are "accurate, sufficient, clean and live."

Around 38.9 million plots already have data but remain incomplete, requiring further cleaning, supplementation and verification, while the remaining 43.2 million plots have yet to be incorporated into the database.

In total, approximately 82.1 million land plots, equivalent to 77.5 percent of the total, still require data cleaning, information completion and database development.

To achieve the target of finalizing measurement, statistics, digitalization and data standardization nationwide, while ensuring seamless connectivity with other national database systems, the Government has assigned ministries, sectors and local authorities a number of key tasks and deadlines for 2026.

Under the plan, the Ministry of Agriculture and Environment, in coordination with the Ministry of Public Security and relevant agencies, is tasked with guiding localities to complete the campaign on enriching and cleaning the national land database by March 2026.

Localities have been requested to mobilize all available resources to complete cadastral mapping and land records. The construction of land databases must also be finalized and fully integrated into the national system for unified management, operation and exploitation by December 2026.

VGP-Pham Long

$1.2bln expressway proposed to link Noi Bai, Bac Ninh and Chi Linh

Sat, 23 May 2026 00:30:00 GMT

The 68-km expressway will stretch from the Noi Bai–Lao Cai Expressway to Ring Road 5, passing through Hanoi, Bac Ninh Province, and Hai Phong City.

Vietnam Expressway Corporation (VEC) has proposed an investment of more than VND30 trillion (approximately $1.2 billion) for a 68-km expressway connecting Hanoi's Noi Bai International Airport to Bac Ninh province and Hai Phong city's Chi Linh, aimed at strengthening transport links across northern Vietnam.

The proposal was presented during a meeting on May 21 between Vice Chairman of the Bac Ninh Provincial People’s Committee Ngo Tan Phuong, and VEC officials.

According to VEC, the planned expressway will stretch from the Noi Bai–Lao Cai Expressway to Ring Road 5, passing through Hanoi, Bac Ninh Province, and Hai Phong City. Approximately 48.75 kilometers of the route will run through Bac Ninh, including sections overlapping with National Highway 18 and Ring Road 4.

The project’s starting point is proposed at the interchange between the Noi Bai–Lao Cai Expressway and Hanoi’s Ring Road 4, while the endpoint will connect to Hanoi's projected Ring Road 5 which will pass through Hai Phong.

The expressway is planned with a 100-meter-wide roadbed and six traffic lanes. Design speeds will range from 100 kph to 120 kph, depending on the section.

The project is expected to be developed under a public-private partnership (PPP) model.

Bac Ninh authorities have expressed preliminary support for the proposed route and investment scale.

VnEconomy-Gia Huy

Hanoi unveils $29bln Red River boulevard project to reshape urban landscape

Wed, 20 May 2026 09:30:00 GMT

The project is envisioned as a major green corridor and long-term development driver for the Vietnamese capital.

The Hanoi People’s Committee has officially announced plans for the construction of the Red River Landscape Boulevard, a landmark urban development project with a preliminary investment estimated at approximately VND736.9 trillion (around $29 billion).

Spanning 11,418 hectares across 16 wards and communes, the project is scheduled for implementation from 2026 to 2038 and is envisioned as a major green corridor and long-term development driver for the Vietnamese capital.

Under Hanoi’s 100-year master plan, the Red River Landscape Boulevard has been designated as one of the city’s nine key strategic growth axes. The development is intended to serve as a central green spine while fostering economic, commercial, cultural, and urban expansion along both sides of the Red River.

Far beyond a conventional transport project, the initiative comprises five major sub-project groups. Central to the plan are two scenic boulevards running parallel to the river: the Huu Hong (Right Bank) route, extending approximately 45.35 kilometers, and the Ta Hong (Left Bank) route, spanning around 35 kilometers.

Complementing the transport infrastructure will be a vast network of riverside ecological parks. Several park clusters will cover hundreds of hectares, with the Trang Viet riverside park alone exceeding 1,100 hectares.

City authorities described the project as strategically important for Hanoi’s urban planning, environmental sustainability, and long-term development capacity, marking a major step toward building a modern, ecological, and sustainable urban corridor along the Red River.

VnEconomy-Huỳnh Dũng

Hanoi carries out land clearance for 1,428 projects

Wed, 20 May 2026 08:00:00 GMT

Authorities have set a deadline of June 30, 2026, to finalize clearance for Ring Road 2.5, while simultaneously pushing progress on Ring Roads 3 and 3.5.

The Hanoi People’s Committee announced on May 19 that the city is currently implementing large-scale site clearance for 1,428 projects across various wards.

The initiative aims to remove infrastructure bottlenecks and drive the capital's socio-economic development.

According to the municipal authorities, the projects include 1,281 budget-funded works and 147 projects funded by non-budgetary sources. Among these, 27 are categorized as "key national and municipal projects" of vital importance to the city’s expansion.

The city has seen significant progress in resolving long-standing clearance issues since late 2025. Major milestones include the completion of site clearance for four bridges across the Red River (Hong Ha, Me So, Van Phuc, and Ngoc Hoi), as well as critical sections of Ring Road 1 (Hoang Cau - Voi Phuc), Ring Road 4, and the Tam Trinh road.

Looking ahead, Hanoi is focusing its resources on three additional Red River bridges—Tu Lien, Tran Hung Dao, and Thuong Cat. Authorities have set a deadline of June 30, 2026, to finalize clearance for Ring Road 2.5, while simultaneously pushing progress on Ring Roads 3 and 3.5.

In addition to transport infrastructure, the city is clearing land for nine mega-development projects. These include the Hanoi International Sports Urban Area, the Red River Landscape Axis, and a high-tech healthcare and education complex in Hoang Mai. Several projects will be developed under Public-Private Partnerships (PPP), such as the renovation of the West Lake area and the modernization of National Highway 1A.

Vneconomy-Phan Dương

Bac Ninh announces housing projects open to foreign ownership

Fri, 15 May 2026 09:00:00 GMT

This move aims to improve the provincial investment environment and provide housing support for the foreign community currently living and working in the northern province.

The People's Committee of Bac Ninh Province, northern Vietnam, has officially announced two residential investment projects where foreign organizations and individuals are permitted to own property.

The first project is the Song Khe - Noi Hoang mixed-use and commercial service housing development, invested by Abey Holdings JSC. Under this project, foreign ownership is permitted specifically within the HH-OCT mixed-use building.

The second project is a mixed-use apartment complex located on Plot CT within the detailed planning of the high-end mixed-use and entertainment urban area in Tan Tien Ward. Developed by Soho Capital JSC, foreign nationals are eligible to own units in buildings R1 and R2.

According to local authorities, this move aims to improve the provincial investment environment and provide housing support for the foreign community currently living and working in Bac Ninh. Under Document No. 2303/UBND-XDCB, the Provincial People’s Committee has directed relevant departments to facilitate for purchase and rental of housing for foreigners.

Specifically, the Department of Construction has been tasked to lead and coordinate with the Provincial Police, the Provincial Military Command, and other relevant units to review and publicly disclose a list of commercial housing projects eligible for foreign ownership on the official portals of the province and the Department. This list must comply with the regulations set forth in the 2023 Housing Law. Furthermore, the department is responsible for proposing solutions to tap into the housing demand of the foreign community.

Project investors and real estate businesses are required to provide transparent and honest legal information regarding their projects, as well as the specific conditions under which foreigners can sign contracts for the purchase, lease-purchase, or rental of housing units.

Vneconomy-Thanh Xuân

Construction of $130m IP commences in Hai Phong

Fri, 15 May 2026 07:00:00 GMT

The northern port city's new industrial park is expected to be ready to welcome first investors in the fourth quarter of 2026.

Authorities in the northern port city of Hai Phong and Hoa Phat Group on May 14 officially broke ground on the Hoang Dieu Industrial Park, a nearly VND3.4 trillion (approximately $130 million) project aimed at strengthening northern Vietnam’s industrial and logistics infrastructure.

The project spans 245 hectares in Gia Phuc commune and is being developed by Hoang Dieu Industrial Park Infrastructure Development JSC, a subsidiary of Hoa Phat Group.

Located within northern Vietnam’s key economic zone, the IP offers strategic connectivity, with direct access to the Hanoi–Hai Phong Expressway and National Highway 37. The site is approximately 55 km from Hanoi's center, 60 km from Dinh Vu Port, 85 km from Noi Bai International Airport, and 35 km from Gia Binh International Airport in northern Bac Ninh province, providing investors with convenient access to major production and logistics networks across the region.

The project is designed to provide industrial land, ready-built factories, warehouses, and office space, with priority given to high-tech manufacturers, supporting industries, and logistics companies.

According to the project timeline, the first phase of technical infrastructure is expected to be completed and handed over to the first investors in the fourth quarter of 2026.

VnEconomy-Mai Hoàng

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