Despite the recovery of Vietnam's real estate market and an increase in new supply, the industry continues to face a number of systemic challenges. This was stated by Vietnam's Deputy Minister of Construction, Nguyen Van Sinh, at the Vietnam Real Estate Forum 2026, held on June 2 in Hanoi.
According to him, the market is showing positive momentum: in major cities and provinces, including Ho Chi Minh City, Hanoi, Da Nang, Hai Phong, Khanh Hoa, and Dong Nai, the volume of new housing supply has increased compared to last year. The social housing program continues to be implemented, with 781 projects for 720,000 apartments already launched nationwide. This accounts for approximately 72% of the government's goal to build one million social housing units by 2030.
Furthermore, authorities continue to remove obstacles for stalled projects. To date, 3,289 projects with a total value of trillions of dong and an area of over 70,000 hectares have resumed implementation.
However, despite the positive changes, the Ministry of Construction highlights five key challenges that continue to hinder market development.
The first of these is the imbalance between supply and demand. The market shows an excess of properties in the premium segment, while affordable housing for most buyers remains insufficient.
The second problem is related to market structure. The main volume of construction focuses on properties for sale, while the long-term rental segment remains underdeveloped, despite high demand from the population.
The third challenge remains the high cost of real estate. Housing prices are growing significantly faster than people's incomes, which is particularly noticeable in the country's largest cities.
Authorities also note the insufficient effectiveness of existing incentives for investors. Current mechanisms do not yet fully attract private capital into long-term residential rental projects.
The fifth problem remains the lack of a unified information system. Real estate market data between central and local authorities is still insufficiently synchronized, which reduces market transparency and complicates its regulation.
According to the Deputy Minister, resolving these issues will require time and a comprehensive approach. In the coming years, authorities plan to focus on increasing the volume of social and affordable housing, developing the rental market, improving legislation, and creating a unified digital database for the real estate market.