Rocky year for Vietnam realty market
Vietnam’s real estate market experienced fluctuations and woes in 2022, and many companies in the industry were forced to restructure by cutting costs and staff.
The year started with a post-pandemic economic rebound in the country as well as signs of a recovery in the industry. However, the market began to stagnate in the second quarter.
This was followed by the government tightening policies on credit supply and corporate bond issuance, which led to a gloomy market picture for the rest of the year.
Therefore, real estate companies have been struggling with limited access to capital while buyers and investors have tended to delay purchases.

A delayed realty project in Ho Chi Minh City, southern Vietnam. Photo by The Investor/Pham Vu.
Transactions drop drastically
A report by Vietnamese realty platform Batdongsan.com.vn shows that in the first and second quarters, Ho Chi Minh City had nearly 14,000 new apartments for sale, and trading reached 70-80% of these supply.
During the third quarter, the whole market had only about 1,250 units on offer, and trading fell to under 52%. The city had only 450 apartments for primary sale in the final quarter and consumption reached about 25%, with around 100 apartments traded.
Dinh Minh Tuan, the southern region's director at the platform, said weak purchasing in the apartment sector in southern Vietnam, including HCMC, worsened in the second half.
“This is the first time we've faced this situation in the past five years. Normally, the later months are the peak time for transactions, but not this year. To stimulate demand, many firms have offered discounts of 40-50% of product value,” he said.
Vo Hong Thang, deputy director of research and development at DKRA Group, said the market is falling into a state of "hibernation" as both supply and demand have continuously recorded sharp decreases since the middle of the second quarter, and the downtrend has shown no signs of stopping.
Developers unable to sell
Thang said the State Bank of Vietnam had since mid-April tightened control of credit supply in real estate, including corporate bonds, leaving most real estate firms facing limited sources of capital.
With capital mobilization an obstacle, the key task for the companies now is to survive. Both developers and brokers must undergo restructuring as well as cut costs and headcounts as the industry awaits government support measures.
A survey by Batdongsan.com.vn shows that 61% of realty trading floors surveyed said they had reduced staff size, 31% remained the same, and 8% increased. Some other measures used by real estate businesses included debt restructuring and rescheduling or paying bondholders with real estate products, together with increasing discounts for buyers.
Supply-demand gap
The market’s supply-demand mismatch continued in 2022. For example, affordable housing products with reasonable prices for a majority of customers were undersupplied, but there was an oversupply in the luxury segments.
Segment disparity
According to HCMC Department of Construction data, 25 residential projects in the city were eligible to mobilize capital for development in 2022, with a total of 12,147 apartments and houses. However, the high-end segment made up 78.3% of the total, and the mid-end segment accounted for 21.7%, leaving 0% for the budget segment.
Across 2022, the city completed just one social housing project, with nine others under construction. For three consecutive years, social housing supply has been limited while the two higher-end segments have been overwhelming, according to the department’s data.
Prices still on the rise
Housing prices have continued to rise over the past five years, according to the HCMC Real Estate Association (HoREA). The highest unit price for affordable housing stands at about VND2 billion ($84,620), which is around 20 times higher than the annual income of an average Vietnamese worker.
A report by Batdongsan.com.vn shows that apartment prices in both Hanoi and HCMC are on the rise. In Hanoi, prices of mid-end and high-end apartments increased by 7-13% compared to the beginning of the year, and prices of affordable apartments rose by 2-4%. By and large, price hikes in HCMC were lower than in Hanoi.
Government support
Prime Minister Pham Minh Chinh on November 17 established a working group to solve these issues and remove obstacles for the implementation of real estate projects nationwide.
The task force is responsible for helping the government to solve problems within government power. As for problems beyond this remit, the team is supposed to advise the PM on reporting them to competent authorities.
In December 2022, the PM gave instructions to alleviate problems facing the Vietnamese real estate market.
According to the Ministry of Construction, more than 1,000 projects nationwide are currently facing obstacles.
- Read More
Vietnam's 5-month registered FDI hits $18.4 bln, up 51%
Registered foreign direct investment (FDI) in Vietnam hit $18.4 billion in the first five months of the year, up 51.1%, while disbursed capital reached $8.9 billion, up 7.9%.
Economy - Thu, June 5, 2025 | 6:52 pm GMT+7
Indonesia launches economic stimulus package to boost purchasing power
The Indonesian Government has rolled out an economic stimulus package worth IDR24.44 trillion (nearly $1.53 billion) to maintain consumer purchasing power and stabilize the national economy.
Southeast Asia - Thu, June 5, 2025 | 4:06 pm GMT+7
Vinhomes subsidiary to develop two industrial parks worth $383 mln in northern Vietnam
Vinhomes Hai Phong Industrial Park Investment JSC under Vinhomes, the housing arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), is expected to be the investor of two industrial parks worth VND10 trillion ($383 million) in the northern port city of Hai Phong.
Real Estate - Thu, June 5, 2025 | 3:54 pm GMT+7
Agriculture drives Indonesia’s economic growth
Agriculture is emerging as a key driver of Indonesia’s economic growth, especially in the first quarter of 2025, according to the latest report by the Indonesian Institute for Development of Economics and Finance (INDEF).
Southeast Asia - Thu, June 5, 2025 | 3:46 pm GMT+7
Vietnam's logistics heavyweight Gemadept plans over $38 mln buyback if shares plunge
Gemadept, Vietnam's leading port and logistics company, listed on the Ho Chi Minh Stock Exchange as GMD, plans to buy back 21 million shares, equivalent to 5% of its outstanding shares.
Companies - Thu, June 5, 2025 | 3:32 pm GMT+7
Vietnam, US to hold third round of reciprocal trade pact talks in first half of June
The third technical round of negotiations for a reciprocal trade agreement between Vietnam and the U.S. is expected to take place in the first half of June, as agreed by their trade ministers on Wednesday.
Economy - Thu, June 5, 2025 | 3:22 pm GMT+7
Housing developer Vinhomes, consortium partners win bid for $10 bln urban area project in central Vietnam
Vinhomes, the housing development arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), and its consortium partners have won the bid to develop a VND260.3 trillion ($9.97 billion) urban area project in the south-central province of Khanh Hoa.
Real Estate - Thu, June 5, 2025 | 12:15 pm GMT+7
Agriculture ministry proposes police probe into allegations C.P. Vietnam sold 'diseased pork'
The Ministry of Agriculture and Environment on Wednesday asked the Ministry of Public Security to investigate social media allegations that C.P. Vietnam, a subsidiary of Thailand’s food giant Charoen Pokphand Foods Public Company Limited (CPF), sold “diseased pork.”
Companies - Thu, June 5, 2025 | 8:32 am GMT+7
Vietnam a strategic manufacturing hub in Asia amid global supply chain reshuffle: exec
Vietnam has emerged as a strategic manufacturing hub in Asia amid the substantial restructuring of global supply chains, said Dhamcharee Varaporn, managing director of RX Tradex Thailand & Vietnam, a leading exhibition organizer.
Companies - Thu, June 5, 2025 | 8:00 am GMT+7
Vietnam's major developer Tan Hoang Minh wants to make Da Lat 'Asia’s most livable town'
Do Anh Dung, chairman of Tan Hoang Minh, on Tuesday proposed that authorities of Lam Dong province support the property developer in planning a 4,320-hectare smart urban area project in the resort town of Da Lat.
Real Estate - Wed, June 4, 2025 | 10:36 pm GMT+7
Vietnam’s economic landscape 'positive' amid global headwinds: Prime Minister
Vietnam’s socio-economic situation has been trending positively, with stable macroeconomic conditions, inflation under control, and major economic balances well maintained, says Prime Minister Pham Minh Chinh.
Economy - Wed, June 4, 2025 | 5:23 pm GMT+7
Unleashing the quantum power in banking
While quantum computing remains in its early stages, its potential to reshape the financial landscape is undeniable. Institutions that act now, by investing in research, forming strategic partnerships, and deploying pilot use cases, will be at the forefront of this transformation, writes Phillip Wright, COO at HSBC Vietnam.
Consulting - Wed, June 4, 2025 | 3:59 pm GMT+7
How Jardine Matheson expands footprint in Vietnam
From a quiet financial investment in 2008, Jardine Matheson, a diversified, Asia-focused investment company based in Bermuda, has steadily expanded its influence in Vietnam, one of Southeast Asia’s fastest-growing economies.
Companies - Wed, June 4, 2025 | 2:57 pm GMT+7
Vietnam, Japan see 'strong collaboration prospects in developing green, eco-friendly products'
Vietnam and Japan have vast potential for cooperation in the development of green and environmentally friendly products, said general secretary of the ASEAN-Japan Center (AJC) Kunihiko Hirabayashi.
Economy - Wed, June 4, 2025 | 12:16 pm GMT+7
Quynh Lap LNG-fired power project in central Vietnam seeks in-principle approval
The $2.15 billion Quynh Lap LNG-fired power project, located in Nghe An province, is drawing significant interest from both international and domestic investors.
Energy - Wed, June 4, 2025 | 9:28 am GMT+7
Indonesia's coal exports dip on weak demand
Indonesia's coal exports dropped 6.43% to 160 million tons during January-April, according to the Energy and Mineral Resources Ministry.
Southeast Asia - Wed, June 4, 2025 | 8:48 am GMT+7