Vietnam real estate sector sees wave of firm closures amid mixed market recovery

In the first half of 2026, Vietnam's property market experienced a sharp contraction of firms. According to the Statistics Department, 1,463 real‑estate companies completed liquidation procedures, a 120 % increase compared with the same period a year earlier, while 2,971 firms temporarily halted operations. At the same time, 3,192 new companies were registered and 2,445 existing firms resumed activity, indicating a selective revival.

Industry analysts say the market is recovering cautiously. High capital costs and tight financing are pressuring weaker developers to restructure, leaving financially solid firms to dominate new projects. In Hanoi, the supply of new apartments surged to 16,600 units in the first half of the year, with a full‑year forecast of about 39,000 new units. Primary‑sale prices rose 12 % quarter‑on‑quarter to roughly 95 million VND per square metre, while secondary‑sale prices fell about 3 % to 60 million VND per square metre. Sale absorption slipped below 70 %, and transactions tied to land fell 74 % year‑on‑year, reflecting subdued buyer demand amid higher loan costs.