Housing prices in Hanoi are 18 times higher than locals’ average incomes, while the figure is 32 times higher in HCM City. The indicators are much higher than other big cities in the region, including Seoul, Tokyo and Singapore, according to Savills.

The rise in non-performing loans within the real estate sector has become a cause for alarm as the bad debt ratio escalated from 1.53% in the previous year to 2.47% during the first half of 2023.

The establishment of a land use rights trading floor will help this market operate in an open, transparent, healthy and sustainable manner, said experts.

In recent years, investing in shophouses has been a popular trend in cities like Hanoi and HCM City.

The State Bank of Vietnam (SBV) several months ago enacted a legal document to make it easier for real estate companies to get bank loans, but the legal effort has not worked out as intended.

The prime minister has directed two ministries to jointly explore the feasibility of establishing a trading platform for land use rights.

A wave of foreign businesses are coming to learn about potential real estate projects in Vietnam to carry out mergers and acquisitions (M&As).

Vietnam's real estate sector has emerged as a highly desirable destination for international investors, ranking second only to the manufacturing and processing industry, with over 1,100 projects amounting to $66.4 billion of foreign investment.

The Ministry of Construction will focus on removing legal bottlenecks for the real estate market and promoting social housing developments in the second half of this year.

Vietnam has to date attracted 37,500 foreign direct investment (FDI) projects worth nearly 450 billion USD, including 1,100 projects in real estate with a total capital of 66.4 billion USD, heard an international workshop in Hanoi on July 13.

Given the massive warehousing demand fueled by e-commerce, coupled with the outstanding advantages of modern good-grade infrastructure in prime localities, multi-storey facilities are forecasted to develop strongly in Vietnam in the coming years.

The domestic real estate market is forecast to recover in the second half of the year thanks to policies issued so far in 2023.

The real estate sector is not yet out of the woods as the number of newly established real estate firms and their registered capital has dropped to less than half of the figures recorded in the first half of last year.

Vietnam’s property market is still attractive to the foreign community, but it is necessary to continue to improve its legal landscape, information transparency, and data availability to create further enhancements for foreigners to invest.

The market is witnessing a significant number of mergers and acquisitions as large corporations and investment funds quietly acquire real estate businesses and projects in Vietnam.

Surging interest from foreigners prompts questions about the growing allure of Vietnam's real estate market.

The Government has agreed to remove the time limit on apartment ownership from the draft of the revised Law on Housing, according to the construction minister.

The demand for industrial real estate has begun to pick up steam in recent months as foreign manufacturers are expanding their presence in Viet Nam.

Recent interest cuts by the State Bank of Viet Nam (SBV) could send trillions in savings into the property market, according to the Viet Nam Association of Realtors (VARs).

A new government decree is expected to help remove difficulties for the domestic leisure property market, which is experiencing a 10-year low in demand, experts have said.