At the Seminar “Important information for real estate investors” on June 7, organized by SB LAW in collaboration with Golfland Club, experts discussed solutions to propose strategic solutions for the real estate market.
The event is not only an update but also an open forum, gathering multi-dimensional voices from economic experts, policy makers, leading businesses and leaders of trading floors who are directly involved in implementing real projects in the market.
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| Overview of the seminar "Important information for real estate investors" on June 7. (Photo: Hong Chuyen) |
Sharing at the Seminar, Dr. Can Van Luc, Chief Economist of BIDV Bank, said that in recent times, the Vietnamese economy in general and the real estate market in particular have faced many difficulties and challenges due to the dual impact of domestic and international factors. Pressure from inflation, interest rates, tightening credit flows, and global economic fluctuations have seriously affected the production and business capacity of many real estate enterprises.
In that context, the Party and the State have clearly shown special attention to the real estate sector through the continuous review, amendment and supplementation of many important legal mechanisms and policies. Along with that is the synchronous implementation of support solutions when a series of directives from the Government and ministries and branches have been issued, in order to gradually remove obstacles, restore confidence and move towards the goal of developing the real estate market in a safe, healthy and sustainable direction.
Driving forces for the real estate market
Dr. Can Van Luc commented that the global economy in the period of 2025-2026 will continue to grow weakly at only about 2.8% (lower than the 3.3% in 2024 and 3.5% in the period of 2011-2019). Global inflation will decrease slightly, trade will increase slowly and interest rates will only cool down gradually. Along with that, real estate businesses are currently facing obstacles such as input costs, logistics and requirements for digitalization and greening....
However, Mr. Luc said that the economy has positive signals and growth drivers have recovered quite evenly. Accordingly, domestic consumer demand has recovered, exports have increased quite well but are slowing down; private investment has recovered, FDI has increased quite well but may slow down; public investment has been promoted. Services (especially tourism, accommodation - food, logistics, finance - banking ...) have increased quite well; the stock market and real estate are gradually recovering ...
In addition, the "Quad Pillars" including: Resolution No. 57-NQ/TW of the Politburo on breakthroughs in science, technology, innovation and national digital transformation; Resolution No. 59-NQ/TW of the Politburo on international integration in the new situation; Resolution No. 66-NQ/TW of the Politburo on innovation in law-making and enforcement to meet the requirements of national development in the new era and Resolution No. 68-NQ/TW of the Politburo on private economic development, have together created a unified whole in strategic thinking and action for national development.
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| Dr. Can Van Luc, Chief Economist of BIDV Bank, warned that although the real estate market has recovered, there is still a risk of a price bubble. (Photo: Hong Chuyen) |
In the real estate sector, three important laws of the market, including the Land Law, the Housing Law, and the Real Estate Business Law, have been passed and come into effect, providing great support for the market in the current context and in the coming time. These are positive signals to promote the market to develop effectively and sustainably. Along with that, the market is also being greatly supported by the Politburo, the National Assembly, and the Government issuing Resolutions and Decrees such as: Resolution 170/2024/QH15 and Decree 76/2025/ND-CP on removing legal obstacles for projects and land in inspection conclusions and judgments in Ho Chi Minh City, Da Nang and Khanh Hoa; Resolution 171/2024/QH15 and Decree 75/2025/ND-CP on piloting the implementation of commercial housing projects through agreements on receiving land use rights or having land use rights ("residential land and other land"); Resolution 201/2025/QH15 dated May 29, 2025 on piloting a number of specific mechanisms and policies for social housing development...
“New driving forces from policies and laws, along with increased infrastructure investment, are opening up new expectations for the real estate market,” Mr. Luc affirmed.
Implement strategic solutions
Expert Can Van Luc also pointed out the risks and challenges of the real estate market: trade-technology conflicts affect logistics real estate, industrial parks, demand for housing, tourism, and consumption; public investment disbursement is still slow and uneven; merging provinces and cities has certain difficulties; private investment is forecast to increase in the coming time; administrative procedure reform needs time to be resolved and absorbed; the real estate market recovery is unsustainable, prices are still high...
Faced with challenges and development opportunities in the new context, Dr. Can Van Luc said that real estate businesses need to implement a group of strategic solutions such as: Continuing to restructure operations; paying attention to controlling cash flow risks, handling maturing debts (in 2025, there will be about 93,500 billion VND of corporate bonds due); proactively learning and approaching support policies, especially social housing support packages, infrastructure investment, new resolutions and decrees, etc.
In addition, Dr. Can Van Luc also warned that although the real estate market has recovered, it still has the potential for price bubbles, requiring businesses to be cautious and policies to be transparent. In particular, the stock market increased by 5.2% in the first 5 months of 2025, nearly double the same period last year, but still lacked stability. Therefore, improving corporate governance capacity, managing exchange rate and interest rate risks and complying with financial regulations are key factors for sustainable development.
Provincial mergers will create powerful growth centers
Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, said that recently, the merger of administrative units has received much attention from real estate investors. The merger of provinces and cities is considered one of the resources to promote economic development. For a locality to develop sustainably, the necessary factor is to ensure sufficient scale in terms of population, resources, and infrastructure.
According to Mr. Quoc Anh, after the survey, Batdongsan.com.vn found that Vietnam currently has 64 provinces/cities, with an average population of more than 1 million per province. Compared to other countries, the difference is significant. China only has more than 30 provincial-level administrative units, but each province has an average population of about 30 - 40 million people. Even the US and many other countries organize their administration in a centralized manner, with a much larger population per unit.
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| Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn shared at the Seminar. (Photo: Hong Chuyen) |
“This shows that Vietnam’s administrative scale is currently too fragmented, causing difficulties in governance and leading to the dispersion of resources. When the provinces are merged, resources will be more concentrated, creating favorable conditions for development. Although post-merger development cannot be uniform among all regions, the concentration will create strong growth centers,” said Mr. Quoc Anh.
A typical example is the case of Da Nang and Quang Nam. Da Nang has strong development potential but is limited in terms of seaports and industrial land. Meanwhile, Quang Nam has advantages in terms of resources and area. The merger will create a unified entity with clearer development potential.
In the long term, if tax and investment policies are stable in the next 10 years, the growth rate will be very fast. Therefore, in Batdongsan.com.vn's opinion, investors should not only look at short-term factors.
In the short term, investment trends are often like an initial wave, when hearing news of a merger, people rush to buy land with the expectation that "prices will increase". However, in reality, there are many cases where land prices do not change after being purchased, infrastructure and planning remain the same, with no breakthroughs.
Therefore, a longer-term and more thorough view is needed. After the merger, what is important is how resources will be allocated, whether infrastructure will be invested properly, and whether the master plan will help promote the province's economic development.
If the locality develops, people have better income, attract workers and the population increases, it will certainly lead to investment demand, especially real estate investment around where they live. From there, the land price level can increase sustainably.
Source: https://baoquocte.vn/tan-dung-co-hoi-hoa-gia-i-thach-thuc-cho-thi-truong-ng-bat-dong-sa-n-trong-boi-ca-nh-moi-317148.html
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