On June 2nd, under the chairmanship of the Vietnam Real Estate Association, the Vietnam Real Estate Research Institute in coordination with the Vietnam Real Estate Electronic Magazine organized the Vietnam Real Estate Forum 2026.
Speaking at the forum, Deputy Minister of Construction Nguyen Van Sinh said that the real estate market plays an important role and contributes to the economy and affects many industries, occupations, and fields.
The real estate market has contributed to attracting resources to develop technical infrastructure, housing, construction works, creating large fixed assets for the economy; meeting the housing needs of the people, ensuring social security...
Besides the achieved results, the real estate market still has shortcomings, limitations and major bottlenecks.
According to Deputy Minister Nguyen Van Sinh, in the past time, the Party, National Assembly and Government have focused on perfecting institutions and removing legal bottlenecks to unlock resources for socio-economic development, including the real estate market.
Many important laws have been amended, supplemented and promulgated such as the Land Law, Investment Law, Housing Law, Real Estate Business Law, Law on Credit Institutions and related documents.
In addition, the National Assembly also issued many resolutions to remove difficulties for the market. Notably, Resolution No. 29/2026/QH16 just passed by the National Assembly has supplemented specific mechanisms and policies to handle violations of land law arising before the 2024 Land Law takes effect, and at the same time remove difficulties for prolonged backlog projects.
Deputy Minister Nguyen Van Sinh said that these policies are making an important contribution to unlocking resources and creating motivation to promote the development of the real estate market.
Many projects have been approved for investment policy and started construction in Hanoi, Ho Chi Minh City, Khanh Hoa, Hung Yen, Quang Ninh and many other localities.
For social housing, to date, the whole country has 781 projects being implemented with a scale of about 720,055 apartments. Of which, 231 projects have been completed with 180,850 units; 234 projects are under construction with 233,962 units; 316 projects have been approved for investment policy with 305,243 units.
According to the Deputy Minister of Construction, these are positive changes, contributing to meeting people's housing needs and ensuring social security.
In particular, the Government is focusing on removing difficulties for more than 3,289 real estate projects facing problems with capital scale of up to trillions of VND. This is a very positive sign for the business community.
Meanwhile, according to Dr. Nguyen Van Khoi - Chairman of the Vietnam Real Estate Association (VNREA), although it is a sector with a large spillover effect on the economy, the real estate market still has many prolonged bottlenecks.
The market still has a supply-demand mismatch; a serious shortage of housing suitable for people's affordability; speculation and price inflation; ineffective use of land resources; while businesses face many difficulties in capital, investment procedures and project legality.
VNREA leaders believe that it is necessary to soon build a strong enough policy system to encourage businesses to invest in the rental housing segment through incentives on land, credit, taxes and investment procedures.
For the business community, Mr. Nguyen Van Khoi said that real estate businesses need to strongly restructure their development models, and cannot continue to depend on financial leverage or expectations of land price increases in the short term.
Instead, businesses need to take the real needs of the market as the center, taking product quality and quality of life as core values...
