{"id":24247,"date":"2026-04-10T18:04:20","date_gmt":"2026-04-10T11:04:20","guid":{"rendered":"https:\/\/b-company.jp\/?p=24247"},"modified":"2026-04-10T18:04:20","modified_gmt":"2026-04-10T11:04:20","slug":"real-estate-market-outlook-in-vietnam-in-2026","status":"publish","type":"post","link":"https:\/\/b-company.jp\/vi\/real-estate-market-outlook-in-vietnam-in-2026\/","title":{"rendered":"Tri\u1ec3n v\u1ecdng th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n t\u1ea1i Vi\u1ec7t Nam n\u0103m 2026"},"content":{"rendered":"
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B&Company is the first Japanese company specializing in market research and investment consulting in Vietnam since 2008.<\/em><\/p>\n

In this section “Vietnam Briefing”, young researchers of B&Company will provide timely information of Vietnam’s industrial trends, consumer trends, and social movements.<\/em><\/p>\n

This article is written in English and automatic translation is used for other language versions. Please refer to the English version for accurate content. Although we strive to ensure the accuracy of the original information, please check separately for each information. Interpretations and future prospects are the personal opinions of each researcher. <\/em><\/p>\n<\/div>\n\t

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In 2025, the world economy experienced rapid changes, intensifying strategic and trade competition, while global capital flows and supply chains continued to shift. In that context, Vietnam remained a stable destination thanks to its sound macroeconomic performance, with GDP growth reaching 8.02% and inflation kept under control. Public investment was accelerated to a record scale, credit grew by around 19%, and realized FDI reached its highest level in five years. As a result, the real estate market gradually recovered, with a number of bright spots emerging after a period of stagnation[1]<\/a>.<\/p>\n

Overview of Vietnam\u2019s real estate market in 2025: Key achievements<\/strong><\/h3>\n

Vietnam\u2019s real estate market recovered more clearly in 2025, with improvements in both activity and project quality. New developments increasingly incorporate better infrastructure, modern design, and greener solutions, reflecting a more sustainable growth direction.<\/p>\n

The clearest improvement was in the residential segment. More than 128,000 new housing units were launched in 2025, up 88% year on year and the highest level in 2019\u20132025. The absorption rate reached around 68%, equivalent to nearly 88,000 successful transactions[2]<\/a>. Social housing also made progress, with 102,633 units completed, or about 102% of the annual plan, while projects under implementation reached roughly 62% of the 1-million-unit target[3]<\/a>.<\/p>\n

Other segments also recorded positive signals. Tourism and resort real estate saw supply increase fourfold from 2024, with an absorption rate of around 55%, although demand remained concentrated in large, reputable projects. Industrial real estate continued to expand, with 478 industrial parks established and 324 already in operation. Retail real estate added more than 418 thousand m\u00b2 of new supply, while office real estate added more than 200 thousand m\u00b2, with demand increasingly favoring modern and green-certified buildings[4]<\/a>.<\/p>\n

Key challenges: affordability pressure, market polarization, and lingering inventory<\/strong><\/h3>\n

Despite the recovery, the market still showed major imbalances in 2025. The biggest issue was affordability. Around 25% of newly launched apartments were priced above VND 100 million\/m\u00b2, and in Hanoi and Ho Chi Minh City, around 85% of new supply was above VND 80 million\/m\u00b2. This means supply increased, but much of it remained concentrated in the high-end segment, making it difficult for genuine homebuyers to access[5]<\/a>.<\/p>\n

Recovery was also uneven across segments. In tourism and resort real estate, not all projects benefited equally, as assets without clear positioning or strong operations may struggle to convert tourism recovery into real performance. In office, retail, and industrial real estate, demand is increasingly concentrated in prime, well-managed projects, while weaker assets face greater pressure[6]<\/a>.<\/p>\n

Another sign of incomplete recovery was rising inventory. In Q4\/2025, total inventory reached around 32,894 units and plots, up from Q3 across all categories. This suggests that liquidity improved, but not enough to support a broad-based market rebound[7]<\/a>.<\/p>\n

Some key real estate projects by segment in 2025<\/strong><\/h3>\n

To better illustrate the market\u2019s recovery and expansion in 2025, the table below summarizes several notable real estate projects across key segments, from residential and tourism-resort to commercial and industrial.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Segment<\/strong><\/td>\nNo. <\/strong><\/td>\nProject<\/strong><\/td>\nDeveloper \/ Investor<\/strong><\/td>\nShort description<\/strong><\/td>\n<\/tr>\n
Residential<\/td>\n1<\/td>\nVinhomes Wonder City<\/a><\/td>\nVinhomes<\/a><\/td>\nOfficially launched in March 2025; Vinhomes described it as a new mega-urban township in western Hanoi with strong early sales momentum in 2025.<\/td>\n<\/tr>\n
2<\/td>\nMasteri Trinity Square<\/a><\/td>\nMasterise Homes<\/a><\/td>\nIntroduced in March 2025 as Masterise Homes\u2019 large-scale Masteri-branded high-rise complex in Ocean City, eastern Hanoi.<\/td>\n<\/tr>\n
Tourism & resort<\/td>\n3<\/td>\nInterContinental Halong Bay Resort<\/a><\/td>\nBIM Land \/ BIM Group<\/a><\/td>\nOperating in 2025 as a newly opened luxury beachfront resort in Ha Long Bay, notable for its bayfront setting tied to one of Vietnam\u2019s most iconic natural landscapes.<\/td>\n<\/tr>\n
4<\/td>\nDusit Le Palais Tu Hoa Hanoi<\/a><\/td>\nOCH \/ Dusit International<\/a><\/td>\nOfficially opened on 9 May 2025; the project stands out for combining luxury hospitality with a lakeside West Lake setting and a strong local cultural concept.<\/td>\n<\/tr>\n
Commercial<\/td>\n5<\/td>\nVincom Mega Mall Ocean City<\/a><\/td>\nVincom Retail<\/a><\/td>\nSoft-opened on 22 August 2025 and was later counted by Vincom Retail among the three new malls successfully launched in 2025 under its \u201cone-stop shoppertainment\u201d model.<\/td>\n<\/tr>\n
6<\/td>\nVincom Mega Mall Royal Island<\/a><\/td>\nVincom Retail<\/a><\/td>\nOfficially inaugurated in October 2025; it was one of Vincom Retail\u2019s flagship new malls launched during the year.<\/td>\n<\/tr>\n
Industrial<\/td>\n7<\/td>\nBac Tien Phong Industrial Zone Service Complex (DEEP C Quang Ninh)<\/a><\/td>\nDEEP C Industrial Zones<\/a><\/td>\nOfficially launched on 7 January 2025; the complex was highlighted as a milestone in improving facilities and services for enterprises and workers in the industrial zone.<\/td>\n<\/tr>\n
8<\/td>\nLEGO Manufacturing Vietnam<\/a><\/td>\nLEGO Group<\/a><\/td>\nOfficially inaugurated on 9 April 2025 in Binh Duong; LEGO described it as its sixth factory globally and its most environmentally sustainable factory to date.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

B&Company\u2019s synthesis<\/em><\/p>\n

These notable projects in 2025 were spread across many segments, showing that the market\u2019s growth momentum was not concentrated solely in housing but also extended to commercial, resort, and industrial real estate. While the residential and commercial projects reflected the expansion of mega-urban developments, shopping malls, and integrated living spaces in new growth poles, the tourism-resort and industrial projects showed that the market is becoming more closely linked to Vietnam\u2019s natural landscape advantages, rising demand for high-quality experiences, and long-term manufacturing capital flows. This also suggests that 2025 was not only a period of recovery in transaction activity, but also a year in which many developers accelerated the launch, opening, and operation of projects with clearer scale and positioning.<\/p>\n

Vincom Mega Mall Ocean City on its opening day<\/strong><\/p>\n

\"Vincom<\/p>\n

Source: Tuoitre.vn<\/a><\/p>\n

Outlook for 2026<\/strong><\/h3>\n

Early 2026 data suggest that Vietnam\u2019s real estate market is recovering, but not yet in a broad-based way. From the start of the year to early Q2\/2026, only 3 projects with 544 units were completed, while 28 new projects with a total of 20,964 units were launched, indicating that supply is returning but has not yet accelerated strongly[8]<\/a>. At the same time, prices have started to cool in some segments, while demand linked to genuine housing needs remains present.<\/p>\n

Against this backdrop, the 2026 market is likely to recover selectively rather than enter a broad-based boom. Capital flows are becoming tighter, with the credit growth target reduced to around 15%, down from 19% in 2025[9]<\/a>, meaning funding will flow more cautiously into real estate. Market transparency is also expected to improve, as electronic identification for real estate took effect from 1 March 2026, supporting better data management and stricter supervision[10]<\/a>.<\/p>\n

As a result, recovery is likely to favor projects with clear legal status, real end-user demand, and more reasonable pricing, rather than speculative or weakly positioned assets. For developers and investors, the implication is clear: in 2026, priority should be given to legally sound projects and suburban real estate areas supported by major infrastructure development.<\/p>\n

Read more<\/strong><\/h3>\n

M&A situation in real estate sector in Vietnam<\/a><\/p><\/blockquote>\n