Market transparency key to stable real estate development

Experts have said improving the transparency of the real estate market is critical to prevent inflated prices and ensure stable development.

market transparency key to stable real estate development hinh 0
A view of Phu Quoc Island. The transparency of the real estate market needs to be improved to ensure stable development.(Source:cafeland.vn)

In 2018, the property market saw ‘price fever’ in several localities, especially those with potential for tourism growth and those expected to be developed into special administrative economic units like Van Don in Quang Ninh province and Phu Quoc in Kien Giang province, where buyers grabbed property with hopes for significant returns.

When the National Assembly voted to delay the passing of the Law on Special Administrative and Economic Units –and when local authorities ordered a halt to land transitions – the price hikes in Van Don and Phu Quoc cooled off.

Nguyen Van Dinh, deputy president of the Vietnam Association of Real Estate brokers, said this was a necessary “pause” for the real estate markets in these two hot areas to return to stability.

Dinh added that market transparency there also needed to be enhanced to reach their development potential.

According to Nguyen Manh Ha, deputy president of the Vietnam Real Estate Association, the inflated prices occurred mainly due to speculation which pushed prices far above their real values, adding that ‘price fevers’ brought a lot of risks for both the market and investors.

One way to prevent such wild speculation is to make real estate project information public and increase the transparency of the planning stage. Brokerage management should also be strengthened.

Economic expert Vu Dinh Anh said developing a real estate information system was an important step towards improving market transparency.

The Government issued a decree in 2015 about the development, management and use of a housing and real estate market information system. However, Anh said implementation remained slow.

He said Vietnam needed to develop a system to provide accurate information and regular updates about land planning and the status of the property projects.

Anh said ensuring the balance between supply and demand in the real estate market and developing the information system would help the property market develop more stably and sustainably.

In a report to National Assembly delegates in October, the Ministry of Construction admitted that the development of the real estate market still lacked transparency in planning, selecting developers and transactions.

Deputy Minister of Construction Nguyen Van Sinh said the ministry would study policies to prevent real estate speculation, stabilise the market and efficiently manage land resources. 

VNA

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.