As of September 15, 2023, more than 3,400 real estate projects facing difficulties across Vietnam have been successfully resolved, amounting to a total investment of over 2.5 trillion VND. The Ho Chi Minh City Real Estate Association (HoREA) recently shared the results of efforts to address challenges related to stagnant projects nationwide, particularly in Ho Chi Minh City.

According to data from the Ministry of Finance, a total of 4,685 projects encountering difficulties have been identified across the country. Among these, 3,407 projects, representing 72.7%, have been classified and resolved, thus no longer facing obstacles. These projects fall under the jurisdiction of various ministries, sectors, and local authorities. Additionally, 1,123 projects, accounting for 23.97%, have proposed solutions for future resolution, while 155 projects, or 3.3%, are set to be addressed at the level of the National Assembly, Government, or the Prime Minister.

The Ministry of Finance will continue to review and categorize issues related to land, construction, planning, investment, and other procedures to report to the relevant authorities. This initiative aims to reactivate these projects and release the resources tied up in the economy.

In Ho Chi Minh City alone, HoREA reported that as of September 5, there were 1,338 projects facing challenges, covering a total area of over 30,691 hectares and involving an investment of 658.084 trillion VND. Previously, the city had resolved 417 projects from the backlog list. Following a new review, the Department of Finance compiled a list of 921 projects requiring further action. Over three months, 233 projects, equivalent to 25.3%, have been completely resolved, while plans for the remaining 688 projects have been established.

Overall, Ho Chi Minh City has successfully addressed issues for 650 projects. This resolution process is expected to help bring the land and capital that have been stuck back into the market.

Mr. Le Hoang Chau, President of HoREA, urged businesses to continue reviewing and reporting any remaining problematic projects for authorities to consider and resolve.

While the legal clearance of projects has improved the supply of real estate in Ho Chi Minh City, the purchasing power remains weak. In the first seven months of the year, 37 real estate projects have been approved for capital mobilization, totaling 27,374 units, including 21,165 apartments and 6,209 low-rise houses. This supply is 1.64 times higher than the total for the entire year of 2025, when only 16,671 housing units were approved for capital mobilization.

HoREA has noted that house prices are showing signs of stabilization and even a downward trend. However, high borrowing rates and difficult access to credit continue to weaken purchasing power, impacting cash flow and liquidity for real estate businesses. Despite the improved supply, the market still lacks affordable commercial housing, reasonably priced rental homes for middle and low-income individuals, and social housing.

HoREA is optimistic that during the upcoming third session of the National Assembly in October and November, amendments to the Land Law for 2024 and related laws, such as the Housing Law, Real Estate Business Law, and Investment Law, will further resolve outstanding issues, facilitating the implementation of additional projects. According to Mr. Le Hoang Chau, ministries, sectors, and local authorities need to continue addressing outstanding projects to unlock land resources and investment capital, supporting the goal of achieving double-digit economic growth.