Vietnam's retail market with positive growth prospects will support the development of the commercial real estate market this year, according to experts at the “Vietnam Retail 2025: Opportunities in Real Estate” event held on February 27.

In the optimistic scenario, the apparatus streamlining efforts will reduce administrative time and costs, and legal policies will be eased, providing vital support for the real estate market.

In a bid to regulate the real estate market, the Ministry of Finance is studying a new tax structure that would impose higher rates on short-term property transactions and lower rates for long-term holdings.

The Ho Chi Minh City Real Estate Association (HoREA) has proposed that the State Bank of Vietnam establish a loan program for young people aged 18-45 to buy their first home with a commercial interest rate of 6-7% per year.

The Ministry of Construction said apartment prices are likely to continue soaring in 2025, following a hike last year.

Prime Minister Pham Minh Chinh has directed the Ministry of Finance to develop policies to limit real estate speculation and improve oversight of construction projects.

With expectations of a market rebound, real estate firms are aggressively expanding into provincial areas, targeting satellite cities and industrial hubs.

A nationwide conference chaired by the Prime Minister will bring together government leaders and major real estate enterprises to advance social housing and market reforms.

Adjustments to land prices in Ho Chi Minh City have caused annual land rental costs to rise significantly, with increases exceeding 50% in some categories.

The government has requested the strengthening of management and use of public assets to ensure compliance with standards, norms and tasks.

Prime Minister Pham Minh Chinh has directed a comprehensive crackdown on property speculation and price manipulation to stabilize Vietnam’s real estate market.

The Ministry of Construction (MOC) says the real estate market has witnessed positive changes and overcome its toughest period, and that social housing development will see a breakthrough in the time to come.

The Ministry of Finance (MOF) continues to research and identify problems and inadequacies in the implementation of tax policies related to real estate.

In 2023, land auctions encountered difficulties and many localities had to stop auctions because of the lack of participants, while in 2024, many auctions were organized where unexpected events occurred.

Business leaders have raised concerns over disparities in Vietnam’s land pricing policies, particularly the unequal treatment of commercial-service land compared to residential land under the 2024 Land Law.

Some companies are awarding Tet bonuses of up to hundreds of millions dong, and even promising some employees cars, while others aim to give a 13th-month salary.

Land prices in Da Nang have increased by 20 percent since the beginning of the year, especially in the last few months.

The Vietnam Association of Realtors has identified Hanoi, Da Nang, and Ho Chi Minh City as the top three cities with the steepest apartment price hikes in 2024.

Vietnam’s real estate market has been showing signs of recovery despite current challenges faced by the sector this year, according to the Vietnam Real Estate Association (VNREA).