Daily Real Estate Briefing: Ho Chi Minh City Tightens Project Disclosure as Hanoi Attracts Nearly 400 Million USD in Foreign Capital
The real estate picture today records notable developments in Ho Chi Minh City and Hanoi, ranging from stronger data transparency and infrastructure funding to changes in land policy. The Ho Chi Minh City Department of Construction has asked property developers and real estate trading floors to complete electronic identification and log into the system through VNeID to report and disclose project information. The city is also collecting feedback on a plan to issue bonds through the International Financial Center to raise funds for key projects, with the consultation period running from October 6 through October 16. In October, Ho Chi Minh City is expected to auction five land lots associated with 3,790 resettlement apartments in the Thu Thiem New Urban Area. The starting land-use rights price and construction value will be determined at the time of the auction.
In infrastructure, several large-scale projects in Ho Chi Minh City are being accelerated. Among them, the road connecting the Bien Hoa to Vung Tau Expressway with the September 2 Roundabout is targeted for completion by the end of this year. The city is also developing regulations on converting between commercial housing, social housing and resettlement housing, including changes in the use functions of different types of public assets. Notably, the compensation plan for the Ben Nha Rong to Khanh Hoi Cultural Park and the public greenery area at Ben Bach Dang proposes a highest rate of more than 338 million VND per square meter for residential land. The city’s land plot market is showing signs of differentiation, with some owners cutting prices by billions of dong but still struggling to find buyers. Novaland has also rejected information that it is unable to continue operating, after its shares fell sharply and at one point traded below par value.
In Hanoi, real estate attracted approximately 394 million USD in foreign direct investment during the first nine months of 2026, accounting for nearly 10% of the city’s total FDI. Three real estate projects contributed about 27.6 trillion VND to Hanoi’s more than 85 trillion VND in land-use fees collected during the period. The city is continuing to accelerate major infrastructure works, including seven bridges crossing the Red River, ring roads, urban railway lines and flood-control projects. Hanoi will also continue adjusting the Red River urban sub-zone plan under new regulations after abolishing Decision 6142. At the policy level, the Ministry of Finance has proposed a 0.2% tax rate on abandoned land, land not put into use or land put into use late, nearly seven times the 0.03% rate applied to residential land within the prescribed quota. Meanwhile, the data center investment wave is creating billion-dollar demand for Vietnam’s industrial real estate, particularly land with stable power supplies, infrastructure and long-term expansion potential.
In infrastructure, several large-scale projects in Ho Chi Minh City are being accelerated. Among them, the road connecting the Bien Hoa to Vung Tau Expressway with the September 2 Roundabout is targeted for completion by the end of this year. The city is also developing regulations on converting between commercial housing, social housing and resettlement housing, including changes in the use functions of different types of public assets. Notably, the compensation plan for the Ben Nha Rong to Khanh Hoi Cultural Park and the public greenery area at Ben Bach Dang proposes a highest rate of more than 338 million VND per square meter for residential land. The city’s land plot market is showing signs of differentiation, with some owners cutting prices by billions of dong but still struggling to find buyers. Novaland has also rejected information that it is unable to continue operating, after its shares fell sharply and at one point traded below par value.
In Hanoi, real estate attracted approximately 394 million USD in foreign direct investment during the first nine months of 2026, accounting for nearly 10% of the city’s total FDI. Three real estate projects contributed about 27.6 trillion VND to Hanoi’s more than 85 trillion VND in land-use fees collected during the period. The city is continuing to accelerate major infrastructure works, including seven bridges crossing the Red River, ring roads, urban railway lines and flood-control projects. Hanoi will also continue adjusting the Red River urban sub-zone plan under new regulations after abolishing Decision 6142. At the policy level, the Ministry of Finance has proposed a 0.2% tax rate on abandoned land, land not put into use or land put into use late, nearly seven times the 0.03% rate applied to residential land within the prescribed quota. Meanwhile, the data center investment wave is creating billion-dollar demand for Vietnam’s industrial real estate, particularly land with stable power supplies, infrastructure and long-term expansion potential.
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