In the first months of 2025, the real estate market witnessed a wave of land price increases in many areas, especially in provinces and cities bordering Hanoi and Ho Chi Minh City.
Records in areas surrounding Hanoi show that land prices have increased significantly in the past few months. In Hung Yen, especially in Van Giang area - bordering Gia Lam district, land prices currently range from 30-60 million VND/m2, an increase of about 20% compared to the end of last year. Many plots of land with good locations and full legal documents have even increased by 25-30%.
In Bac Ninh, near Tu Son city, land plots with an area of 50-70m2 are being offered for sale at prices ranging from 2.5-3 billion VND/plot, recording an increase of 300-500 million VND/plot after only a few months.
Vinh Phuc and Thai Nguyen are also bright spots, when land prices increase by an average of 10-15%, especially in areas near major roads and industrial parks.
In the South, the trend of increasing land prices is also clearly occurring. Long An, Binh Duong, Dong Nai - localities with strategic locations connecting to Ho Chi Minh City - all recorded vibrant transactions, land prices in many areas increased by 10-20%.
According to the analysis of the Vietnam Association of Realtors (VARS), there are many reasons why the land market is "hot" again. On the one hand, loose credit policies and low interest rates have helped cheap money flow strongly into real estate. In 2025, the State Bank sets a credit growth target of 16%, equivalent to injecting about 2.5 million billion VND into the economy, contributing to stimulating investment channels, including real estate.
However, VARS warns that, in addition to real demand, the market is showing signs of being affected by speculative groups taking advantage of crowd psychology, spreading price inflation rumors, creating a virtual land fever. Typically, in localities planning to merge and build new administrative centers or large urban suburban areas, land prices are pushed up rapidly even though infrastructure and utilities are not really synchronous.
VARS recommends that investors need to be especially cautious with areas where prices increase following the "rumor wave", not knowing the planning progress or legal documents are not transparent. Cash flow should only be directed to areas with complete connectivity infrastructure, clear planning, real population and good exploitation and use capability to ensure liquidity and long-term value.
This agency also emphasized that for the market to develop transparently and sustainably, the controlling role of the management agency is very important. It is necessary to promote the disclosure of planning information and project progress, avoid creating a "fertile plot of land" for price inflation rumors. For exchanges and real estate brokers, absolutely do not assist in price increases or deceiving customers for short-term benefits. The revised Law on Real Estate Business clearly stipulates responsibilities and heavily punishes violations.
The real estate market is in the early stages of a new cycle, very sensitive to impact factors. If we only focus on maximizing short-term profits without paying attention to long-term factors such as supply and demand, the market will face the risk of adjustment" - VARS emphasized.
