Property firms unable to escape debt: expert
The real estate market in Vietnam is finding it difficult to bounce back because businesses are still struggling with piles of bond debts, said expert Nguyen Hoang.
He said that in the first quarter, many real estate businesses had to find money to pay back just small amounts of their bond debts. The remaining balance is putting huge pressure on them despite positive market signs.

The real estate market in Vietnam saw positive signs in Q1/2024. Photo by The Investor/Minh Phuong.
The Ministry of Construction's Q1 market report shows that 10 commercial housing development projects with about 4,706 units were completed in the quarter, equivalent to 34.48% of the tally in Q4/2023 and 71.43% of that in Q1/2023. Of which, three were in the northern region, four in the central region, and three in the south.
There were 38 projects eligible to sell future-formed houses with 5,527 units, or 80.85% and 73.08% of the figures recorded in Q4/2023 and Q1/2023, respectively.
In addition, 984 projects with 421,353 units were under construction, up 15.22% from Q4/2023 and 40.97% year-on-year. Of which, 406 projects with 236,873 units were in the north, 360 projects with 91,022 units in the central region, and 218 projects with 93,458 units in the south.
Notably, in Q1, there were 19 newly licensed projects with 9,774 units, down 5% from Q4/2023 and up 11.76% year-on-year. The northern region had 12 projects, the central region boasted seven, and the south had none.
According to Hoang, former director of R&D at consulting firm DKSH, the market has shown positive signs, recovering slowly.
"However, there are still bottlenecks that may last until the end of this year. Of these, the most concerning is the scarcity of new supply due to legal problems. Typically, in Ho Chi Minh City, legal obstacles to many real estate projects have not yet been resolved."
In addition, property businesses’ bonds worth nearly VND115 trillion ($4.52 billion) will mature this year, and there's pressure of making payment of VND100 trillion ($3.93 million) in bond debts in the remaining nine months of the year. When businesses are still struggling in debt, it is very difficult for them to break through, Hoang noted.
Customers, investors, and regulators are waiting for the enforcement of the new land, real estate business and housing laws, which is having a great impact on the market's recovery, he added.
"Purchasing power at this time remains weak. Only when it grows will the market recover and develop more vibrantly," Hoang added.
To continue removing difficulties and promoting a stable, healthy and sustainable real estate market, the Ministry of Construction has asked localities to focus on clearing bottlenecks as well as proactively promulgating policies to support people and businesses.
For problems beyond their authority, developers should send them to the Prime Minister and his working group for resolution, said Hoang.
On the other hand, businesses themselves need to restructure their project and product portfolios to suit their actual ability and market conditions, he stressed.
"Developers should adjust real estate segments and prices to suit the market and ensure liquidity, thus creating capital flows to maintain operations and implement projects.
"At the same time, it is necessary to review and restructure capital sources, especially credit, to focus on completing each project, avoiding scattered and unfinished investments, thus ensuring loan and bond debt repayments," he added.
- Read More
Vietnam's Ministry of Science and Technology works with Google to explore digital transformation, AI
The Vietnamese Ministry of Science and Technology (MoST) has been working with Google to explore deeper cooperation in digital transformation, AI, and support for small and medium-sized enterprises (SMEs).
Companies - Sat, July 19, 2025 | 12:01 am GMT+7
Thailand hopes for US tariffs at levels comparable to other regional countries
Thai Deputy Prime Minister and Minister of Finance Pichai Chunhavajira on Friday expressed his expectation that the U.S.'s final reciprocal tariff rate imposed on Thailand's exports will align closely with other countries in the region, likely settling at approximately 20%.
Southeast Asia - Fri, July 18, 2025 | 11:53 pm GMT+7
Vietnam's central bank to assess compliance of banks in risk management
The State Bank of Vietnam (SBV) will deploy monitoring measures and tools to assess the compliance of commercial banks in implementing requirements related to risk management, especially compliance with Basel III international banking standards, an SBV official said on Wednesday.
Banking - Fri, July 18, 2025 | 11:49 pm GMT+7
Malaysia aims to play key role in implementing ASEAN Power Grid
Malaysia is expected to assume a key role in the implementation of the ASEAN Power Grid (APG) starting next year, leveraging its strategic advantages to lead the regional initiative aimed at integrating electricity transmission networks across Southeast Asia.
Southeast Asia - Fri, July 18, 2025 | 11:36 pm GMT+7
Tran Duc Thang assigned to be acting Minister of Agriculture and Environment
Vietnam's Prime Minister Pham Minh Chinh has assigned Tran Duc Thang, a Party Central Committee member and standing Deputy Chief Inspector of the Government, to be acting Minister of Agriculture and Environment, starting from Thursday.
Politics - Fri, July 18, 2025 | 11:28 pm GMT+7
Gasoline vehicle market stalls as consumer sentiment wavers
While the electric vehicle (EV) market is gaining momentum, dealers of gasoline-powered cars and motorbikes, both new and used, in Hanoi are facing a wave of order cancellations, vehicle returns, and even deposit forfeiting.
Companies - Fri, July 18, 2025 | 7:48 pm GMT+7
E10 fuel rollout marks key step in Vietnam’s green energy transition
From January 1, 2026, all gasoline distributed across Vietnam must contain 10% ethanol, marking a pivotal milestone in the country’s shift toward green energy and its long-term carbon neutrality goals.
Companies - Fri, July 18, 2025 | 7:40 pm GMT+7
Vietnam's consumer finance major F88 wins M-CRIL’s gold-level client protection certification
F88 Investment JSC (F88), a pioneering enterprise in the field of alternative finance in Vietnam, has once again reaffirmed its position by receiving the prestigious Gold-Level Client Protection Certification (CPC) from M-CRIL.
Companies - Fri, July 18, 2025 | 4:36 pm GMT+7
HCMC faces shortfall of 179,000 new apartments: Savills
Ho Chi Minh City aimed to develop approximately 235,000 new housing units for the 2021-2025 period, but only 24% of this target has been achieved, leaving the city short by 179,000 units.
Real Estate - Fri, July 18, 2025 | 4:09 pm GMT+7
Telecom giant Viettel proposes $317 mln wind power project in central Vietnam
Military-run telecom heavyweight Viettel is proposing a 198 MW wind power project in the central province of Quang Tri, with four separate plants and a total cost of $317 million.
Energy - Fri, July 18, 2025 | 3:54 pm GMT+7
Central Vietnam economic zone seeks strategic investors for mega urban area projects
The Dung Quat Economic Zone (EZ) in the central province of Quang Ngai is expected to undergo a transformation with the recent approval of large-scale real estate projects.
Real Estate - Fri, July 18, 2025 | 12:43 pm GMT+7
Vietnamese firms dominate green two-wheeler market
With steady growth over the years and a breakthrough in the first half of 2025, Vietnam’s electric motorbike market is expanding rapidly, with domestic companies taking the lead in this green transition.
Economy - Fri, July 18, 2025 | 11:46 am GMT+7
Vietnam's stock market status upgrade to be strong boost to fund industry
The upgrade of Vietnam’s stock market status from “frontier” to “emerging” will have positive impacts on the market in general and the fund industry in particular, according to regulators and investment funds.
Finance - Fri, July 18, 2025 | 11:12 am GMT+7
Vietnam's Party Central Committee plenum opens in Hanoi
The 12th plenum of Vietnam's 13th Party Central Committee, which convened in Hanoi on Friday, will focus on preparations for the 14th National Party Congress as one of the three major agenda items.
Politics - Fri, July 18, 2025 | 10:35 am GMT+7
Vietnam government's investment arm SCIC receives $326 mln in dividends, profit distributions in 2024
The State Capital Investment Corporation (SCIC), Vietnam’s government investment arm, received VND8.5 trillion ($325.5 million) in dividends and profit distributions from 43 companies within its portfolio in 2024, according to its latest report.
Companies - Fri, July 18, 2025 | 8:26 am GMT+7
HCMC, Astana International Financial Center promote cooperation to develop Vietnam’s international financial center
Vietnam and Kazakhstan are focusing on strengthening cooperation in the financial sector, particularly between Ho Chi Minh City and the Astana International Financial Center (AIFC), located in Kazakhstan's capital.
Finance - Thu, July 17, 2025 | 11:52 pm GMT+7