Week 15/2025 – Central Vietnam Real Estate News Summary
In this weekly or sometimes bi-weekly news flash – CVR: Central Vietnam Realty will provide a choice of articles from mainly Vietnamese media sources related to the real estate market in Vietnam.
We will be focusing on issues related to Da Nang and Hoi An, while also looking at national news and their possible impact on Central Vietnam’s property market.
You will find a summary, a link to the source as well as CVR’s take on the article.
We believe that local knowledge is the key to making the best possible decision and that’s what we offer to all our clients.
“CVR: Western Management – Local Knowledge”
1. The Government Decided To Cut 30% Land Rent To People And Enterprise.
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On April 11, 2025, the Government issued Decree 87, which provides a 30% reduction in land rent payable in 2024 for eligible land users. The reduction applies to individuals and organizations directly leased land by the State under a land lease decision, contract, or Land Use Rights Certificate, as outlined in Article 4 of the 2024 Land Law. Importantly, land users who complete legal procedures by the time of application submission are also eligible, even if they had not done so earlier in 2024.
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The policy covers all applicable land users, including those who are not currently eligible for rent exemptions or reductions, or whose exemption/reduction period has expired. However, the 30% reduction applies only to the 2024 land rent amount and does not cover any unpaid rent from previous years or late payment interest. Decree 87 officially takes effect from April 11, 2025, offering timely financial support to land users.
Source: cafebiz.vn
2. Da Nang Develops Medical Tourism To Achieve Double-Digit Growth.
Da Nang is positioning medical tourism as a key growth driver, capitalizing on its advanced healthcare infrastructure and skilled medical professionals. Post-COVID-19, health-focused travel demand is rising. Although the model began nearly a decade ago, it lacked coordination. Now, the city is pushing for stronger collaboration between healthcare and tourism sectors, improved staff training, and international marketing. Vice Chairman Trần Chí Cường emphasized the need for high-value offerings like medical tourism to sustain double-digit growth. With its natural beauty, modern hospitals, and quality resorts, Da Nang aims to become a leading medical tourism destination in Asia.
Source: vnexpress.net
3. The Land Fever Has Spread To Da Nang, Quang Nam… Investors Are Looking For Ways To “Uload”.
In the first quarter of 2025, Vietnam’s real estate market saw increased activity across regions. Notably, the central region, specifically Da Nang and Quang Nam, experienced a resurgence in land fever fueled by unconfirmed merger rumors, leading to price hikes and speculative bubbles. Land prices in Da Nang’s Cam Le, Lien Chieu, and Hoa Vang districts saw significant increases compared to early 2023. Similarly, Dien Ban in Quang Nam witnessed warming land prices.
Meanwhile, in the southern region, Can Gio (Ho Chi Minh City) experienced a land fever driven by upcoming major projects, particularly a large-scale urban development by Vingroup. Land transactions surged, and prices for residential land in Can Thanh town soared, increasing significantly compared to pre-Lunar New Year prices, especially along Thanh Thoi road near the Vingroup project.
Experts caution investors in both regions to be wary of speculation and unverified information, emphasizing the need for due diligence regarding legal aspects and actual potential before investing to avoid falling into “virtual fever” traps.
Source: cafef.vn
4. Da Nang Proposes Major Administrative Restructuring With 19 New Units And A Special Zone.
Da Nang City is implementing a major administrative restructuring plan that will reduce the number of commune-level units from 47 to 19, including 15 wards, 3 communes, and 1 special administrative unit – Hoang Sa (Paracel Islands). This reorganization aims to streamline local governance, improve administrative efficiency, and better align with urban development goals.
Key changes include merging several wards in central districts such as Hai Chau, Thanh Khe, and Son Tra. For example, Hai Chau’s current nine wards will be consolidated into three new ones. Other districts like Cam Le, Lien Chieu, and Ngu Hanh Son will also undergo similar changes.
The city will gather public feedback from April 19 to 21, finalize proposals for submission by the end of April, and seek central government approval by May 1. The complete restructuring is targeted for implementation by June 30, 2025.
Source: cafef.vn
5. HCMC Faces Shortage Of Affordable Apartments, Only 13% Priced Under VND 50 Million/m².
Ho Chi Minh City has banned short-term rentals in apartment buildings not originally designated for mixed-use purposes. This regulation, aimed at preserving residential order, benefits the serviced apartment segment, which is legally permitted for short-term stays and appeals especially to foreign guests.
At a recent shareholders’ meeting, Hòa Phát Group Chairman Trần Đình Long confirmed the company’s financial stability with VND 25,000 billion in cash. The group completed phase 1 of the Dung Quất 2 steel complex and targets VND 170,000 billion in 2025 revenue.
According to Savills, affordable apartments (under VND 50 million/m²) account for only 13% of new supply in Ho Chi Minh City, highlighting continued housing scarcity. Transactions in Q1/2025 dropped 46% due to limited supply.
The government has proposed extending the agricultural land tax exemption until 2030 to support food security and rural development. Only land used for proper agricultural purposes would qualify under revised tax policies.
Source: cafeland.vn
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