Vietnam real estate doldrums may last till Q3/2024: economist
The stagnation of the Vietnamese real estate market is expected to endure till Q2 or Q3 next year given a supply and demand mismatch, said economist Le Xuan Nghia at an event in Hanoi on Friday.
Unlike the property crisis a decade ago which was driven by oversupply, the ongoing crisis in Vietnam has been caused by undersupply. Developers, short of capital, have not been able to complete ongoing projects or launch new ones, Nghia said at a forum on Vietnam’s real estate market.

Panelists speak at the forum on Vietnam's real estate market in Hanoi, September 22, 2023. Photo courtesy of Dien Dan Doanh Nghiep (Business Forum) newspaper.
The local corporate bond market, which used to be a principal conduit for developers besides bank loans, came to a standstill following the arrests of several real estate tycoons over fraud. This situation developed into a confidence crisis, resulting in failed bond issuances.
Nghia added that domestic aggregate demand remains lackluster, indicating that the Vietnamese economy in experiencing a U-, not V-shaped recovery.
Collaborating with Nghia, Nguyen Quoc Hiep, chairman of the Vietnam Contractors Association, pointed out that up to 70% of troubles faced by developers are legal issues, mostly overlapping regulations.
Hiep explained that the real estate sector alone is directly regulated by 12 laws that include those on investment, planning and zoning, housing, and real estate business. Meanwhile, there is an absence of collaboration among ministries, and legal modifications often take time.
Hoang Hai, head of the Housing and Real Estate Market Management Department under the construction ministry, agreed that a large number of projects have been sluggish or stalled. The causes are mostly legal, particularly land pricing and zoning.
Hai said that dwindling supply and liquidity have worsened the real estate market. Prices have risen across all segments to new heights due to scant supply.
Panelists at the forum shared the view that boosting the supply of affordable housing could be a solution to the crisis.
Le Xuan Nghia, a member of the National Financial Monetary Policy Advisory Council, suggested the government set price brackets for this segment, learning from China’s experience.
In addition, developers need incentives to invest in cheap housing, with obstacles removed regarding profit caps and entitled homebuyers, Nghia said.
Tran Dinh Thien, a member of an economic advisory group to the prime minister, proposed actions to recover confidence among investors, businesses and consumers. Among them, the government should consider bolder measures to revive the real estate market, while the finance ministry needs to share the financial burden with the central bank.
- Read More
Halal market presents major opportunities for Vietnamese businesses
The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.
Economy - Thu, August 7, 2025 | 9:18 pm GMT+7
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7