Sales forecast positive for affordable, social housing in 2023
Affordable and social housing is likely to see high demand in 2023 which would help ease the market stagnation, said realty experts and developers.
Apartments priced from VND40 million to VND60 million ($1,700-2,550) per square meter will be in high demand this year. The good news is there are reputable developers who have an interest in this segment, they said.
Dinh Minh Tuan, south region director of the real estate platform Batdongsan.com.vn, noted that real demand would help ease the stagnation in the current market, and the affordable segment is forecast to be in focus this year.
“Developers are restructuring their debts and sales policies, focusing on serving real demand. In addition, real estate prices are expected to fall further,” he said.
According to Vietnam Real Estate Brokers Association vice chairman Nguyen Van Dinh, apartments in the price range of VND2-3 billion ($85,000–$127,500) would be the main target.
“Customers will look for products with reasonable prices before deciding to buy,” Dinh said.
Similarly, Asian Holding CEO Nguyen Van Hau told The Investor that the price range will welcome more buyers. He added that the social housing segment will rally thanks to reasonable prices as developers are controlled in terms of profit. In addition, social housing buyers can receive support in terms of decades-long lending rates.

The affordable housing segment is attractive thanks to real demand, say experts. Photo courtesy of Phu Dong Group.
Demand exists
Despite many fluctuations in the Vietnamese market in 2022, the affordable apartment segment in the Greater Ho Chi Minh City region remained attractive, unlike other segments.
Multiple transactions have been recorded in the above-mentioned price range. Apartments at two Nam Long Group-developed projects, Akari City in Binh Tan district and Flora Panorama in Binh Chanh district, both in HCMC, have seen 80-90% of supply traded.
Currently, the price for a two-bedroom apartment with an area of 75 square meters at Akari City’s phase 2 is about VND2.9-3 billion ($127,700), while a two-bedroom apartment of 54 square meters is a little cheaper at VND2.4-2.5 billion ($106,400). The four towers of Akari City’s phase 2 are scheduled for completion in the third quarter of 2024.
In the east of HCMC, the MT Eastmark City project developed by Dien Phuc Thanh Company has also shown a very high absorption rate. After two rounds of sales, the project has sold about 1,000 apartments. The first round’s price last April was VND36 million ($1,530) per square meter, and the second round’s price last July was a little higher at VND39 million ($1,657).
MT Eastmark City is expected to offer more apartments this year, with primary prices of VND40-43 million (1,830) per square meter, slightly higher than the second round.
In the city suburbs, the Phu Dong Sky Garden project developed by Phu Dong Group has an affordable price of VND40 million ($1,700) per m2. The project has more than 600 apartments in all, with construction beginning in March 2022 and delivery set for 2024.
The Vietnamese residential market in 2023 will continue to face many challenges such as tightened monetary policy, high lending rates, and low liquidity in the market. The outlook is expected to improve in late 2023 and stabilize in 2024, said experts and developers.
- Read More
Brazilian meatpacker JBS to build 2 plants in Vietnam
Brazilian meat giant JBS S.A. will invest in two export-oriented food processing plants in Vietnam following a plan first announced in March.
Investing - Sun, August 10, 2025 | 12:28 am GMT+7
Vietnam's benchmark VN-Index likely to reach 1,800 points next year: broker
Despite potential short-term volatility from increased profit-taking pressure following a high-margin phase in late July, Vietnam’s benchmark VN-Index is expected to reach the 1,750-1,800 point range in 2026, according to leading broker Saigon Securities (SSI).
Finance - Sat, August 9, 2025 | 6:22 pm GMT+7
Mobile World to list mobile phone, electronic home appliance chains by 2030
Mobile World Investment Corporation (MWG), a leading retailer in Vietnam, plans to conduct an IPO of and list its core retail chains The Gioi Di Dong (mobile phones) and Dien May Xanh (electric and electronic home appliances) by 2030.
Companies - Sat, August 9, 2025 | 6:04 pm GMT+7
Vietnam officially grants visa-free entry to high-profile foreigners
The Vietnamese Government has introduced a limited-term visa waiver scheme for foreign nationals who are "prioritized for the sake of the country’s socio-economic development".
Politics - Sat, August 9, 2025 | 11:32 am GMT+7
VinEnergo launches rooftop solar, battery storage projects in central Vietnam
VinEnergo Energy Joint Stock Company has signed MoUs to install rooftop solar power systems integrated with battery energy storage systems (BESS) with the VinFast automobile plant and two battery factories in the central province of Ha Tinh.
Companies - Sat, August 9, 2025 | 10:21 am GMT+7
Indonesia doubles lithium imports to boost EV battery production
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realize its ambition of becoming a global EV manufacturing hub.
Southeast Asia - Sat, August 9, 2025 | 10:18 am GMT+7
Optimism rises for Thailand’s economy after US tariff cut
Thailand’s private sector has lifted its 2025 GDP growth forecast to 1.8-2.2%, up from the previous 1.5-2%, following the U.S. decision to reduce import tariffs on Thai goods from 36% to 19%.
Southeast Asia - Sat, August 9, 2025 | 10:16 am GMT+7
Foreign investors make up 4.27% of Vietnamese G-bonds trading value in July
Foreign investors accounted for 4.27% of the total trading value of Vietnamese government bonds (G-bonds) in July, with net buying at VND298 billion (nearly 11.4 million).
Finance - Sat, August 9, 2025 | 10:08 am GMT+7
Vietnam developer Taseco Land plans private share placement following HCMC bourse debut
Shortly after its listing on the Ho Chi Minh Stock Exchange (HoSE) as TAL, Taseco Land, a subsidiary of Vietnam’s conglomerate Taseco Group, is seeking shareholder approval for a private share placement targeted at professional investors.
Companies - Sat, August 9, 2025 | 8:00 am GMT+7
Vietnam aims to finalize negotiations for Ninh Thuan 1 nuclear power plant by August
The Vietnamese government targets completing negotiations for Ninh Thuan 1 nuclear power plant in former Ninh Thuan province (now Khanh Hoa) by August 2025, and for Ninh Thuan 2 by May 2026 at the latest.
Energy - Fri, August 8, 2025 | 4:18 pm GMT+7
Software giant SAP invests $175 ml in R&D center in Vietnam
German software heavyweight SAP has officially launched a research & development center in Vietnam, with plans to invest more than €150 million ($175 million) over the next five years.
Industries - Fri, August 8, 2025 | 3:43 pm GMT+7
Carlsberg’s Phu Bai Brewery expansion in central Vietnam set to start brewing late this month
The expansion of Carlsberg’s brewery in Hue city, central Vietnam, with an investment of nearly $90 million, has entered trial runs and is scheduled to be inaugurated and begin full-scale production in late August.
Industries - Fri, August 8, 2025 | 2:43 pm GMT+7
Indonesia promotes nickel-based EV battery production
Indonesia is advocating regulations to encourage electric vehicle (EV) manufacturers to switch from the commonly used lithium-based batteries to nickel-based ones.
Southeast Asia - Fri, August 8, 2025 | 1:54 pm GMT+7
BRICS countries account for over 35% of Malaysia’s total foreign trade turnover
Malaysia’s trade with BRICS nations climbed to RM818 billion ($193.47 billion) in 2024, making up 35.2% of the country’s total global trade, according to the Ministry of Investment, Trade and Industry (MITI).
Southeast Asia - Fri, August 8, 2025 | 1:52 pm GMT+7
Vietnam consumer finance major F88’s stock hits ceiling price on UPCoM debut
The stock of F88 Investment JSC (F88), a leading consumer finance company in Vietnam, hit its ceiling price of VND888,800 ($34) on Friday, the first day of trading on the Unlisted Public Companies Market (UPCoM).
Companies - Fri, August 8, 2025 | 1:32 pm GMT+7
US tariff unlikely to dent Vietnam’s long-term FDI appeal: broker
The U.S. tariff gap between Vietnamese goods and those from four other Southeast Asian countries would not erode Vietnam’s competitive edge in manufacturing and investment, said Hanoi-based Vietcombank Securities (VCBS).
Economy - Fri, August 8, 2025 | 12:24 pm GMT+7