Domestic enterprises proactively restructure
The first half of 2025 recorded many important fluctuations in the real estate market. Along with policies that are gradually coming into practice such as the Land Law, Housing Law and Real Estate Business Law starting to take effect from January 1, 2025, the merger of administrative units according to the Resolution of the National Assembly also creates major changes in planning and investment opportunities in new markets.
In that context, the real estate buying and selling - merging (M&A) market is considered one of the notable bright spots.
Some recent M&A deals have attracted market attention, clearly reflecting the shifting trend in the strategy of domestic enterprises.
Mr. Nguyen Van Dat - Chairman of the Board of Directors of Phat Dat Real Estate Development Joint Stock Company - said that he is in the process of completing the transfer of 80% of the capital in the Thuan An 1 - 2 project to a foreign partner. Although he has not revealed his identity, Mr. Dat affirmed that this is a "very big, very special" investor, with many years of experience in Vietnam and rarely cooperates with domestic enterprises. He also stressed that the deal was the result of a sustainable and trustworthy working process between the two sides.
Some other large corporations are also restructuring their investment portfolios in a selective direction and enhancing core strengths.
In Hung Yen, Sunshine Group has completed the acquisition of 55 hectares of land in Van Giang Ecological Urban Area (Alluvia City) from Xuan Cau Holdings. These deals show the proactiveness of domestic enterprises in re- positizing investment strategies, while taking advantage of the recovery period to prepare for a new growth cycle.
Foreign capital returns, promising to create a breakthrough
According to statistics from the Ministry of Planning and Investment, in the first 6 months of the year, the total value of capital contribution and share purchase of foreign investors in Vietnam reached more than 2.1 billion USD - an increase of nearly 28% over the same period last year. In particular, real estate continues to be a field that attracts large capital flows, in addition to production - processing, renewable energy and technology.
A prominent deal is the acquisition of 25 hectares of land belonging to Hai Dang subdivision in Vinhomes Ocean Park 3 Urban Area in Hung Yen by CapitaLand (Singapore). Previously, CapitaLand has also participated in projects such as The senique Hanoi at Vinhomes Ocean Park 1 and Lumi Hanoi at Vinhomes Smart City, showing a long-term commitment to the Vietnamese market.
According to Mr. Vo Hong Thang - Deputy General Director of DKRA Group, the real estate M&A market is having many explosive opportunities as more and more domestic-owned enterprises openly offer projects to the market. In particular, emerging businesses with a stable financial foundation and a methodical development strategy are actively seeking investment opportunities.
Sharing the same view, experts from Cushman & Wakefield Vietnam predict that a large amount of capital from foreign investors will continue to flow into the Vietnamese real estate market in the period of 2024-2026, especially from Singapore, Malaysia and some Middle Eastern countries. The investment goal is to focus on projects with clean land funds, complete legal documents, development potential and clear profitability.
The new legal context also creates more momentum for the market. The provisions of the revised Land Law and Real Estate Business Law are expected to help the transaction process take place more transparently and smoothly, especially in project transfer activities.
In addition, the impact of merging administrative units also contributes to reshaping the investment map. According to Ms. Trinh Thi Kim Lien - Business Director of Dat Xanh Services, the restructuring of administrative boundaries opens up opportunities for the development of new urban areas, industrial clusters, and concentrated residential clusters.
With positive signals from foreign capital flows, the dynamism of domestic enterprises and the gradually perfecting legal corridor, the real estate M&A market is facing the opportunity to recover and make a breakthrough in the last 6 months of 2025.
