Vietnam real estate market faces liquidity pressure from high interest rates

Vietnam real estate mortgage interest rates corporate bonds property liquidity market inventory

The Vietnamese real estate market is experiencing significant liquidity challenges due to rising interest rates and restricted credit access. Reports indicate that 12-month deposit rates have increased, pushing mortgage lending rates above 10% at most banks. For many borrowers, floating rates after initial incentive periods can reach between 13% and 15% per year, significantly impacting purchasing power.

In the corporate sector, real estate firms are increasingly turning to bond markets to secure capital as traditional channels narrow. In the first nine months of 2026, real estate issuances accounted for approximately 40% of the total corporate bond market value, totaling over 170,000 billion VND. However, these bonds often carry high interest rates, with average rates for real estate firms reaching approximately 11.4% per year.

Market data shows a growing inventory of unsold properties, with approximately 51,950 units reported across 27 of 34 surveyed provinces in the third quarter of 2026. Additionally, approximately 5,012 projects nationwide are currently facing legal or operational difficulties.

Entities

Dat Xanh Services · European Central Bank · FERI · Federal Reserve · G6 Group · Khanh Hoa Department of Construction · Khánh Hòa · Ministry of Construction · Savills Hanoi · THACO Group · Vietnam · Vietnam Commodity Exchange

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The government has requested the regulation of land and real estate prices, specifically social housing. cafebiz.vn · cafef.vn
[○ 1 SOURCE] 12-month deposit rates increased by approximately 0.3 percentage points compared to the previous quarter. batdongsan.baoxaydung.vn
[○ 1 SOURCE] Inventory in projects across 27 of 34 provinces was approximately 51,950 units in Q3 2026. batdongsan.baoxaydung.vn
[● 2 SOURCES] Developers are now permitted to self-determine and approve selling prices for social housing. cafebiz.vn · cafef.vn
[● 2 SOURCES] Social housing prices in Hanoi have reached or exceeded 30 million VND per square meter. cafebiz.vn · cafef.vn
[○ 1 SOURCE] Approximately 5,012 projects in Vietnam are facing difficulties or obstacles. batdongsan.baoxaydung.vn
[○ 1 SOURCE] Floating interest rates for real estate loans reached 13-15% in Q3 2026. batdongsan.baoxaydung.vn