Policy boost for the real estate market
The National Assembly has passed Resolution 29/2026/QH16 on specific mechanisms and policies to handle violations of land law by organizations and individuals occurring before the 2024 Land Law takes effect and remove difficulties and obstacles for backlog and prolonged projects.
The Vietnam Real Estate Market Evaluation Research Institute (VARS IRE) said that Resolution No. 29/2026/QH16 is considered a policy boost capable of unlocking resources, rebuilding trust and creating a foundation for the sustainable development of the real estate market in the coming period.
One of the important starting points of the Resolution is the reality that thousands of real estate projects across the country are "stuck" by legal obstacles.
According to the Ministry of Agriculture and Environment, as of March 30, 2025, the whole country has 4,489 projects and land funds facing difficulties and obstacles with a total area of up to 198,428.1 ha and a total investment of 3,352.946.9 billion VND, equivalent to about 3 times the total public investment capital in 2026 (estimated at 1.1 million billion VND). If unlocked, this will be a very large driving force to promote GDP growth, especially in the context that the Government sets a high growth target in the coming period.
Resolution No. 29/2026/QH16 has approached the issue in a more practical and flexible direction, allowing the handling of violations of land law that occurred before the 2024 Land Law took effect, while removing difficulties for prolonged backlog projects. A noteworthy point is that the Resolution not only focuses on handling responsibilities, but also allows the simultaneous implementation of solutions to bring projects back into operation.
VARS IRE believes that this is a breakthrough change in policy thinking, from "freezing for handling" to "handling for operation", thereby opening up the possibility of reactivating a large amount of supply and capital flows that are being congested.
Removing many bottlenecks for the real estate market
The impact of Resolution No. 29/2026/QH16 on the real estate market is expected to take place in many directions. First of all, removing legal obstacles for backlog projects will contribute to promoting supply. The groups of projects being handled include cases of violations in land allocation, investor selection, problems with land use purposes, as well as projects that have been granted certificates that are not in accordance with regulations. When these projects are released, the market will not only have more supply, but also increase the level of competition and reduce the pressure of local price increases.
In particular, Resolution No. 29/2026/QH16 is of great significance in removing legal bottlenecks for the tourism - resort real estate segment, which has faced prolonged difficulties due to the lack of a clear legal corridor. The introduction of a handling mechanism for cases that have been granted certificates but are not in accordance with regulations is considered the first step to unlock market psychology.
VARS IRE believes that, although not yet a comprehensive solution, this move may contribute to restoring investor confidence, a key factor for this segment to recover in the next cycle.
From another perspective, Resolution No. 29/2026/QH16 also has a spillover effect on the financial and banking system. In the past time, the stagnation of a series of projects has caused cash flow to be congested, businesses have lost solvency and increased bad debt pressure. When projects are removed and restarted, cash flow will gradually be unlocked, helping businesses improve their financial capacity, while reducing pressure on the banking system.
However, the effectiveness of implementing the Resolution will depend greatly on the role of local authorities, especially the Provincial People's Committee - the agency directly authorized to review, classify and handle projects. This poses higher requirements for the capacity, proactiveness and sense of responsibility of the implementation apparatus.
If effectively implemented, the Resolution can contribute to reactivating the value chain of the real estate market, thereby promoting related industries such as construction, material production and finance, while creating positive spillover effects on macroeconomic growth.
