BĐS Việt Nam năm 2025: Sự kiện nổi bật
Năm 2025 đánh dấu một chặng đường đầy biến động nhưng đầy tiềm năng của thị trường bất động sản Việt Nam. Từ những thay đổi lớn về hành chính, các dự án hạ tầng chiến lược đến những chính sách mới đã định hình một bức tranh thị trường đa dạng và năng động, mở ra nhiều cơ hội cho nhà đầu tư và người tiêu dùng.
Mục lục
1. Sáp nhập tỉnh thành: Bước đột phá hành chính
Ngày 12/06/2025, Chủ tịch Quốc hội Trần Thanh Mẫn đã ký ban hành Nghị quyết 202/2025/QH15 về việc sắp xếp đơn vị hành chính cấp tỉnh. Theo nghị quyết này, số lượng đơn vị hành chính cấp tỉnh tại Việt Nam sẽ giảm từ 63 tỉnh/thành xuống còn 34 đơn vị (bao gồm 28 tỉnh + 6 thành phố trực thuộc trung ương), có hiệu lực từ ngày 01/07/2025.
Tổng Bí thư Tô Lâm đánh giá đây không chỉ là sự kiện về mặt hành chính đơn thuần, mà là bước chuyển mình chiến lược quan trọng, là yêu cầu tất yếu của nhân dân và đất nước trong quá trình xây dựng các vùng động lực phát triển của quốc gia và khu vực, để xứng đáng với khát vọng “Việt Nam hùng cường vào năm 2045”.
Theo Hiệp hội Môi giới Bất động sản Việt Nam (VARS), việc sáp nhập các tỉnh thành sẽ tác động tích cực đến thị trường bất động sản. Quyết định này giúp giảm bớt một số thủ tục pháp lý thực hiện dự án, đồng thời gia tăng nguồn cung, đặc biệt là phân khúc nhà ở vừa túi tiền. Nhờ đó, người dân sẽ có thêm nhiều lựa chọn mua nhà với mức giá hợp lý hơn.
Tuy nhiên, VARS cũng lưu ý để giá trị bất động sản tăng lên một cách bền vững, cần có nền tảng là sự phát triển đồng bộ về hạ tầng giao thông, kinh tế, xã hội như mở thêm các tuyến đường lớn, metro, trường học…
2. “Lá phổi xanh” Cần Giờ trở thành tâm điểm đầu tư
Năm 2025 witnesses Cần Giờ’s remarkable transformation from a niche market into a regional hotspot, driven by a series of infrastructure and land reclamation megaprojects. These projects have attracted significant investment capital, leading to a surge in transaction volumes and land prices in the area.
The catalyst for Cần Giờ’s real estate boom is Vinhomes Green Paradise, a 2,870-hectote beachfront tourism urban project by Vingroup (HOSE: VIC). This project not only impacts Ho Chi Minh City but also creates growth momentum for the entire Southeast region.
After groundbreaking in April 2025, Vingroup has proposed large-scale infrastructure works to connect the project to Ho Chi Minh City and Vung Tau City (old), including the Ben Thanh – Can Gio metro line stretching nearly 53km, with an estimated total investment of 85.7 trillion VND; and the route to Can Gio – Vung Tau sea-crossing bridge, over 14km long, including bridges, tunnels and approach roads, with total investment exceeding 104 trillion VND.
Besides Vingroup’s projects, in January 2025, the Prime Minister officially approved the investment policy for the Can Gio international transshipment port project. With total investment of over 113 trillion VND, this is one of the largest maritime infrastructure projects ever in Vietnam.
According to Mrs. Vo Thi Dieu Phuong, Vice Chairman of Can Gio Ward People’s Committee, the theme of the first Party Congress of Can Gio Ward for the 2025-2030 term is to build and develop Can Gio into a sustainable commercial service urban area, eco-tourism and marine economy development. Many projects invested in and planned to invest in Can Gio ward have been helping Can Gio to undergo a “metamorphosis” day by day. At the same time, these projects will create more jobs, promote commercial service development, increase budget revenue and improve people’s living standards.
3. Siết chặt quy trình đấu giá đất
On October 19, 2025, the Government issued Resolution 339/NQ-CP on a draft National Assembly resolution on mechanisms and policies to overcome difficulties and obstacles in the organization and implementation of the Land Law.
Notably, the draft amends and supplements regulations on increasing the deposit amount in cases of land allocation and land lease under the provisions of the Land Law to limit the situation of land use right auction participants taking advantage of the deposit amount that is too low to participate in auctions for profiteering. Specifically, the draft increases the minimum deposit for land allocation and lease to individuals and for investment projects to a minimum of 20% and a maximum of 50% of the starting price.
The draft resolution also stipulates clearer penalties for auction winners who violate payment obligations, leading to the cancellation of the auction decision. Auction winners who default must compensate for all damages arising from the auction organization. Furthermore, the draft prohibits participation in auctions for 2-5 years in cases where auction winners do not pay the winning bid; and prohibits participation in auctions for 6 months to 3 years in cases where auction winners pay insufficiently.
4. Nguồn cung nhà ở tăng mạnh, đặc biệt là nhà ở xã hội
According to the Ministry of Construction, cumulatively from the beginning of the year to December 4, 2025, the total number of commercial housing projects eligible for future sale and social housing projects eligible for transaction reached 61,700 units and 11,600 units respectively, an increase of 5% and 50% compared to the whole year of 2024.
According to experts of Dat Xanh Services Institute of Economic – Financial – Real Estate Research (DXS-FERI), the market’s recovery in both “quantity and quality” is thanks to real estate enterprises rebuilding investment and business activities, along with many new brands entering and expanding.
However, the Vietnam Association of Realtors (VARS) assessed that in the past 3 years, although the housing supply released to the market has increased strongly, the supply structure is still imbalanced. Most of the new supply focuses on high-end, large-value projects serving investment demand, which includes some speculation.
Even in suburban areas, which were expected to provide affordable housing products, actual selling prices are still significantly higher than the average income of people, only relatively lower than in central areas. Meanwhile, the biggest demand of the market is in the affordable housing segment.
5. Tín dụng bất động sản tăng trưởng 30%
Along with the recovery of the real estate market, credit flow into the market has also begun to recover. According to the Ministry of Construction, by the end of Q3/2025, total outstanding credit for real estate activities reached approximately 1.9 million billion VND, an increase of 30% compared to the beginning of the year. Meanwhile, the total credit growth for the whole year of 2024 was 29%.
One of the driving forces for the growth of real estate credit in 2025 is credit packages and preferential interest rate policies for social housing buyers. In July, the State Bank of Vietnam (SBV) announced commercial banks’ lending interest rates on outstanding loans for young people under 35 years old to buy social housing; and outstanding loans under Resolution 33/NQ-CP, including social housing projects, worker housing projects, renovation and reconstruction of old apartment buildings.
This move is a specific implementation of the Government’s policies on housing development, especially in the context that the real estate market needs more support signals to recover. Previously, at the conference to implement Resolution 201/2025/QH15 of the National Assembly on pilot mechanisms and policies for the special development of social housing (SH) on June 2, Prime Minister Pham Minh Minh requested the SBV to guide conditions for borrowing to buy SH towards simplicity, accessibility, and balance beneficial for buyers, sellers and lenders, especially implementing a credit package for young people. The Prime Minister also called on banks to save costs to reduce lending interest rates.
6. Chính phủ thành lập Quỹ nhà ở quốc gia
Decree 302/2025/ND-CP regulates the National Housing Fund and measures to implement Resolution 201/2025/QH15 on special mechanisms and policies for social housing development.
Accordingly, the National Housing Fund operates at two levels: the Central Fund established and managed by the Ministry of Construction; and local funds established and managed by provincial-level People’s Committees. The main target of the Fund is to establish and develop social housing for lease, and is allowed to buy commercial housing for lease to officials, public employees and workers.
The Fund’s sources are diverse, including: state budget, land value allocated for social housing infrastructure, revenue from selling public housing assets, land use right auction revenue, voluntary contributions from home and abroad, and other legal sources.
According to experts, the State’s direct participation in establishing social housing through the National Housing Fund, especially social housing for lease, is a strategic solution suitable with international trends. Many countries such as Singapore, South Korea and Germany have successfully implemented this model. However, to make renting a truly sustainable solution, it is necessary to promote public-private partnership (PPP), where enterprises participate in project construction, and the State purchases ownership or leases for operation.
7. Dự án tỷ USD thu hút nhà đầu tư
In 2025, many localities continued to call for investment in large-scale projects on their territories. The most prominent are urban areas with an area of hundreds to thousands of hectares, accompanied by total investment of tens to hundreds of trillions of VND.
This attraction shows the optimism of investors in the medium and long-term prospects of Vietnam’s real estate market, especially after an adjustment period. Billion-dollar projects not only help change the urban landscape but also create economic and social development momentum at localities, creating many jobs and promoting supporting industries.
8. Thị trường căn hộ thiết lập mặt bằng giá mới
According to CBRE’s report, as of Q3/2025, the primary sale price of the apartment market in Ho Chi Minh City (old) reached 87 million VND/m², up 6.3% quarter-on-quarter and 31% year-on-year. Notably, the upward pressure from the primary market has spilled over to the secondary market, pushing up the average price to 60 million VND/m², up 13% quarter-on-quarter and 25% year-on-year.
In Hanoi, the average primary asking price exceeded 90 million VND/m² (excluding VAT and maintenance fees, discounts), higher than HCMC’s average in Q3. The average primary price of apartments in Hanoi in Q3/2025 increased by 16% quarter-on-quarter and over 41% year-on-year.
In the secondary market, the average selling price was 58 million VND/m² (excluding VAT and maintenance fees), up 19% year-on-year.
At the forum on building a healthy and sustainable real estate market in 2025 on December 4, Ms. Tong Thi Hanh – Director of the Housing Management and Real Estate Market Department under the Ministry of Construction stated that the primary market is where selling prices are directly affected by developers’ profits. Meanwhile, the secondary market is where intermediaries have a significant impact.
Ms. Hanh emphasized that regulating the secondary market along with policies on credit, finance and taxation needs to be adjusted reasonably for the market to operate stably and healthily. On the other hand, Mr. Nguyen Tri Hieu – Director of the Institute for Research and Development of Financial and Global Real Estate Markets warned of the risk of the real estate market falling into a bubble situation when supply and inventory increase, but people cannot access housing. Meanwhile, the average house price in Vietnam is 20-30 times higher than the average annual income per person, in the US this figure is only about 4-5 times.
9. Cổ phiếu bất động sản bay cao
Along with the recovery of the real estate market and the stock market, many real estate enterprises on the stock exchange had a bustling year 2025, from selling old projects, announcing and launching new projects to issuing shares to raise capital. The momentum from these activities helped the prices of many real estate stocks surge strongly in 2025. Especially, according to data from VietstockFinance, since March 2025, the index of the real estate stock group has outperformed the VN-Index in terms of growth compared to the beginning of the year.
Compared to other sectors, from the beginning of the year to the end of the December session, real estate was the sector with the strongest industry index growth with nearly 166%. Meanwhile, the second-ranked sector was non-essential consumption (consumption services, fashion, cars, durable goods) recording only over 33% growth.
This impressive growth reflects strong investor confidence in the real estate industry’s prospects after a previous adjustment period. Leading real estate stocks such as Vingroup (VIC), Hoa Phat (HBC), Novaland (NVL)… all recorded significant price increases, pushing the market capitalization of many enterprises to record levels.
Kết luận
The year 2025 marks a strong transformation of Vietnam’s real estate market with many major events. From administrative reforms, infrastructure development to new policies have shaped a more transparent, fair and sustainable market. Despite remaining challenges, the overall industry outlook is still evaluated very positively, continuing to attract many domestic and foreign investment sources.
