Vietnam's Ho Chi Minh City property market and VN‑Index both grapple with low liquidity

In the second quarter of 2026, Ho Chi Minh City’s real‑estate market showed little price movement and continued high price levels despite weak liquidity across most segments. Primary‑sale prices remained flat while secondary‑sale prices rose modestly. Supply of new land parcels rose about 8 % year‑on‑year, but 93 % of that supply came from previously launched projects, and overall transaction volume fell to roughly 4 % of total supply. Developers are offering payment deferrals and interest‑rate support, yet investor sentiment stays cautious.

At the same time, Vietnam’s stock market experienced a sharp drop in trading activity. The VN‑Index lost nearly 19 points on 6 July, with market turnover down about 20 % and foreign investors recording net sales exceeding VND 2,800 billion. Analysts cite the same liquidity shortage and heightened geopolitical uncertainty, especially tensions between the United States and Iran, as dampening market confidence. Despite these short‑term pressures, macro‑economic indicators remain strong: GDP grew 8.18 % in the first half of 2026, FDI inflows reached US$13 billion, and industrial output rose over 10 %.