Recent reports indicate that land prices in various regions of Vietnam are experiencing significant declines after reaching peak levels. In some areas, prices have dropped by more than 60% in a short timeframe, prompting a reevaluation of the real estate market.

For instance, in Hiep Hoa commune of Bac Ninh province, the average land price in the first and second quarters of 2026 was around 10 million VND per square meter, reflecting a 65% decrease from the peak of 29 million VND per square meter recorded in the fourth quarter of 2025. Similarly, in Kim Boi commune of Phu Tho province, land prices fell to approximately 5 million VND per square meter in the second quarter of 2026, marking a 61.5% decline from the peak of 13 million VND per square meter noted in the second quarter of 2025.

The most dramatic decrease was observed in Muong Dong commune, Phu Tho, where land prices plummeted by 75%, settling at 5 million VND per square meter compared to a peak of 20 million VND per square meter in the third quarter of 2025. Other areas in Phu Tho and Bac Ninh also reported declines ranging from 50% to 60%.

In the Bình Xuyên commune of Phu Tho, the average land price in the second quarter of 2026 was about 11 million VND per square meter, down 59.3% from the peak of 27 million VND per square meter achieved in mid-2025. In Hợp Thịnh commune, Bac Ninh, prices dropped to 7 million VND per square meter, reflecting a 58.8% decrease from the peak of 17 million VND per square meter in early 2026.

In Hanoi, the price adjustments varied by area. In Minh Giang Dam Urban Area, Mê Linh commune, the average price was around 30 million VND per square meter in the second quarter of 2026, a 50% decrease from the peak of 60 million VND per square meter in late 2025. Meanwhile, in Đông Anh commune, prices remained high at 133 million VND per square meter but were down 23.1% from the peak of 173 million VND per square meter in February 2026.

Experts, including Dr. Nguyen Van Dinh, Vice President of the Vietnam Real Estate Association, attribute these declines to stricter legal regulations and increased transparency in land transactions. The rapid rise in land prices was partly fueled by excessive expectations regarding infrastructure development and speculative investments. As these factors are scrutinized, the market is adjusting to reflect more accurate valuations.

Overall, the decline in land prices signals a shift in the real estate landscape, as investors adapt to new market conditions and regulatory frameworks.