Speaking at the press conference to announce the Vietnam Real Estate Market Forum - VREF 2026 with the theme: "Shaping standards for sustainable market development" organized by the Vietnam Association of Real Estate Brokers (VARS) on the morning of November 21, Mr. Nguyen Van Dinh - Chairman of VARS shared that the Vietnam Real Estate Market Forum 2026 was organized in the spirit of strongly responding to the Party and State's orientation on developing a safe, healthy, public, transparent and sustainable real estate market.
According to Mr. Dinh, this is the period when the legal system on land, housing, and real estate business is being perfected; market management and supervision is being strengthened; at the same time, the requirements for standards, discipline and responsibility of each market participants are also increasingly high.
At the Press Conference, the Organizing Committee introduced the standard sets researched, developed and implemented by the Vietnam Institute for Real Estate Market Assessment, to provide effective assessment tools, contributing to adjusting the operating market in accordance with the safety, transparency and sustainability orientation, including:
1. Vietnam Standards Committee for Real Estate Projects;
2. Provincial Real Estate Market Competitiveness Index;
3. The set of Standards for Assessing the Bank's Accompanying Capacity in Real Estate Market Development;
4. Vietnam Ministry of Real Estate Brokers khobility Standards;
5. The Code of ethics and Conduct for Real Estate Brokers in Vietnam.
Commenting on the real estate market in 2025, Mr. Nguyen Van Dinh said: In 2025, the real estate market has recovered very positively. It can be said that the market has gone through a difficult period, overcoming the crisis cycle with negative impacts from the world economy on Vietnam. The period of 2022-2023 is very difficult, by 2024 there are signs of recovery, and by 2025, the market has overcome the lowlands and is rising".
However, during the recovery process, there are also signs that are not really positive. Speculative and investment activities are stronger than real housing needs. Mr. Dinh said that part of the reason comes from the "cheap" cash flow maintained throughout 2024 until now.
The Government's directive mentioned the requirement to study measures to regulate the market, including tax and credit tools. According to Mr. Dinh, the viewpoint of the Vietnam Real Estate Association is that these tools need to be applied but there must be a roadmap, clearly defining each group of subjects, avoiding linking with real housing needs - because the main goal is to fight speculation and reduce investment activities that are disadvantageous to the market.
Regarding credit policy, the banking system has recently made great efforts to support the economic and real estate market recovery. As of September, nearly VND18 million billion has been pumped into the economy, of which real estate accounts for about VND4 million billion, equivalent to 25%.
However, when the market begins to show signs of "not being standard", even taking advantage of cheap cash flow to boost investment, the Government's request to adjust and banks adjust interest rates is inevitable, because banks themselves must ensure their business operations and benefits.
According to Mr. Dinh, when interest rates increase, it will certainly affect the real estate market in some aspects, especially reducing investment activities. However, in the meetings he attends, the Government always emphasizes the flexible management viewpoint: any monetary policy, credit or other policy must be adjusted appropriately when there are signs of disadvantages for the market.
He expects that with the current management, the real estate market from now until the end of the year - although speculative and investment activities may decrease - will develop in a more sustainable and quality direction. This trend may remain stable until 2026.
