On January 25, at the Conference "Determining the Real Estate Market in 2026" organized by Tien Phong Newspaper, Mr. Ha Quang Hung - Deputy Director of the Housing and Real Estate Market Management Department (Ministry of Construction) - said that 2025 has closed with optimistic signals from the macroeconomy.
According to Mr. Hung, in the real estate sector, thanks to the drastic and synchronous direction of the Government and the Prime Minister, the market has gradually stabilized again; supply, liquidity and market confidence have improved significantly.
A special highlight in 2025 is the institutional transformation in the field of social housing.
To create momentum in 2026, Mr. Hung emphasized that in the past year, the National Assembly and the Government have issued a series of important legal documents to remove bottlenecks.
Notably, there are 6 policy groups that will directly impact the market.
The first is a breakthrough in social housing institutions. This helps shorten project implementation time, unlock social resources and strongly increase the supply of affordable housing.
Second is to remove obstacles in construction investment and planning. According to Mr. Hung, this policy group helps reduce legal compliance costs for businesses; accelerate project implementation progress.
Third, complete the land institution associated with real estate market development.
Fourth, unblock capital and credit flows. Accordingly, the Government has issued Decree No. 302/2025/ND-CP regulating the National Housing Fund, creating medium and long-term capital channels for social housing. At the same time, Decree No. 304/2025/ND-CP on handling bad debts associated with real estate helps reduce liquidity pressure for businesses and sanitize the credit market.
Fifth is to promote decentralization and delegation of power.
Sixth is market transparency.
At the seminar, Mr. Nguyen Van Dinh - Vice Chairman of the Vietnam Real Estate Association said that in 2026 the real estate market will grow strongly, operating more actively when hundreds of projects are removed from difficulties.
Housing supply may increase 2-3 times compared to 2025, corresponding to an increase of 200,000 - 300,000 products, supply increases sharply, demand also increases but does not follow the rate of supply increase, so market competition will be very fierce.
In addition, according to Mr. Dinh, in 2026, credit growth will decrease, interest rates will tend to increase, these factors create pressure to reduce house prices and real estate products that can exploit cash flow will be prioritized for investment.
According to Dr. Can Van Luc, real estate business investment is not a priority sector, so lending interest rates will be higher in 2026.
It is time to regulate real estate credit at an appropriate level when in recent years the credit growth in the real estate sector has been too high, increasing by 24%, and increasing by 22% in 2025. This increase exceeds the general credit growth of the entire economy" - Dr. Luc said.
To ensure the sustainable development of the real estate market, Dr. Can Van Luc recommends that real estate businesses must diversify capital sources.
Accordingly, in addition to bank credit, it is necessary to increase capital mobilization from bonds, stock exchanges and external investment funds. At the same time, businesses must limit spreading investment, focusing capital on key and key projects, meeting real housing needs.
