<p>河內——越南房地產市場中住房價格與家庭收入之間的差距不斷擴大，引發了人們對長期平衡的擔憂，儘管房地產供應在增加，且該行業顯示出復甦的跡象。</p>
<p>越南國家房地產協會（VNREA）副主席、越南房地產經紀人協會主席阮文定在 3 月 12 日於河內舉行的協會年度會員會議上發表了上述言論。</p>
<p>儘管住房供應顯著增加，市場活動開始復甦，但專家認為，2026 年該行業將出現更明顯的細分，因為房地產價格繼續以快於收入的速度上漲，而一些郊區面臨潛在的流動性挑戰。</p>
<p>阮文定表示，2025 年房地產市場經歷了供應激增，全國範圍內推出了數百個項目。</p>
<p>然而，復甦也帶來了新的挑戰，這些挑戰可能會影響未來一段時間的市場，最重要的是房地產價格與收入水平之間日益擴大的差距。</p>
<p>住房需求依然強勁，受到越南經濟增長、快速城市化和中產階級擴張的支持。然而，居民的購買力並未以與房地產價格相同的速度增長。</p>
<p>近年來，河內和胡志明市等主要城市的住房價格穩步上漲，進一步加大了收入水平與房產價值之間的差距。</p>
<p>阮文定表示，這一趨勢已成為影響真實住房需求的關鍵因素之一。許多人，尤其是年輕買家，因財務壓力加大而被迫推遲購房計劃。</p>
<p>與此同時，賣方期望與買方情緒之間出現了明顯的差距。賣方傾向於維持價格或僅做小幅調整，而買方則變得更加謹慎，通常選擇在做出購買決定之前先觀察市場。</p>
<p>因此，大多數交易集中在那些受益於優越位置、法律狀態明確和開發商信譽良好的項目上。價格過高或發展策略薄弱的項目往往難以吸引買家。</p>
<p>除了可負擔性壓力外，預計 2026 年的房地產市場在某些地區也將面臨潛在的流動性風險。</p>
<p>VNREA 預測，如果項目按計劃推出，2026 年的住房供應可能達到約 150,000 個單位。其中，北部地區預計貢獻約 60,000 個單位，僅河內和興安省就約佔 40,000 個單位。在胡志明市，供應預計約為 55,000 個單位。</p>
<p>隨着主要城市住房價格的持續攀升，投資資本預計將越來越多地轉向郊區，那裏的增長潛力仍然存在，價格也更為可接受。</p>
<p>然而，阮文定警告稱，並非所有郊區都能吸引投資流入。如果交通基礎設施尚未完善，或開發商缺乏建設必要設施的能力，一些地方可能面臨流動性瓶頸。</p>
<p>在基礎設施網絡尚未同步且公共服務不足的情況下，真正的住房需求不太可能增長。這意味着即使是大量推出的項目，交易活動仍可能緩慢。</p>
<p>因此，預計 2026 年的市場將經歷更強的篩選。法律文件齊全、與主要交通走廊相連的地點以及基於綜合城市規劃的發展模式的項目更有可能保持穩定的流動性。</p>
<p>根據 VNREA 的説法，儘管 2026 年市場細分的可能性更強，但整體趨勢指向更可持續的發展，因為投機活動逐漸減少，投資資本越來越集中於提供真實價值的項目。——越南新聞社</p>

越南 ETF - VanEck Vectors

<p>越南住房價格與家庭收入之間的差距擴大，引發了人們對房地產市場長期平衡的擔憂。儘管房地產供應增加並出現復甦跡象，專家預測到 2026 年，房地產價格將繼續以超過收入的速度上漲，這可能導致郊區面臨流動性挑戰。由於經濟增長和城市化，住房需求依然強勁，但許多買家，尤其是年輕買家，因財務壓力而推遲購房。市場預計將出現更強的細分，重點關注提供真實價值的項目</p>

<p>HÀ NỘI — A widening gap between housing prices and household incomes is raising concerns about the long-term balance of Việt Nam’s real estate market, even as property supply expands and the sector shows signs of recovery.</p>
<div class="lb-trans"><p>河內——越南房地產市場中住房價格與家庭收入之間的差距不斷擴大，引發了人們對長期平衡的擔憂，儘管房地產供應在增加，且該行業顯示出復甦的跡象。</p>
</div><p>Nguyễn Văn Đính, Vice Chairman of the Vietnam National Real Estate Association (VNREA) and Chairman of the Vietnam Association of Realtors, made the remarks at the association’s annual members’ meeting held in Hà Nội on March 12.</p>
<div class="lb-trans"><p>越南國家房地產協會（VNREA）副主席、越南房地產經紀人協會主席阮文定在 3 月 12 日於河內舉行的協會年度會員會議上發表了上述言論。</p>
</div><p>Although housing supply has increased significantly and market activity has begun to recover, specialists believe 2026 will see clearer segmentation within the sector as property prices continue to rise faster than incomes while some suburban areas face potential liquidity challenges.</p>
<div class="lb-trans"><p>儘管住房供應顯著增加，市場活動開始復甦，但專家認為，2026 年該行業將出現更明顯的細分，因為房地產價格繼續以快於收入的速度上漲，而一些郊區面臨潛在的流動性挑戰。</p>
</div><p>According to Đính, the real estate market in 2025 experienced a surge in supply as hundreds of projects were launched nationwide.</p>
<div class="lb-trans"><p>阮文定表示，2025 年房地產市場經歷了供應激增，全國範圍內推出了數百個項目。</p>
</div><p>However, the recovery has also brought new challenges that may shape the market in the coming period, foremost among them the growing gap between property prices and income levels.</p>
<div class="lb-trans"><p>然而，復甦也帶來了新的挑戰，這些挑戰可能會影響未來一段時間的市場，最重要的是房地產價格與收入水平之間日益擴大的差距。</p>
</div><p>Demand for housing remains strong, supported by Việt Nam’s economic growth, rapid urbanisation and the expansion of the middle class. However, residents’ purchasing power has not risen at the same pace as property prices.</p>
<div class="lb-trans"><p>住房需求依然強勁，受到越南經濟增長、快速城市化和中產階級擴張的支持。然而，居民的購買力並未以與房地產價格相同的速度增長。</p>
</div><p>In recent years, housing prices in major urban centres such as Hà Nội and Hồ Chí Minh City have increased steadily, further widening the gap between income levels and property values.</p>
<div class="lb-trans"><p>近年來，河內和胡志明市等主要城市的住房價格穩步上漲，進一步加大了收入水平與房產價值之間的差距。</p>
</div><p>Đính said the trend has become one of the key factors affecting real housing demand. Many people, particularly young buyers, are being forced to postpone home-buying plans because of growing financial pressure.</p>
<div class="lb-trans"><p>阮文定表示，這一趨勢已成為影響真實住房需求的關鍵因素之一。許多人，尤其是年輕買家，因財務壓力加大而被迫推遲購房計劃。</p>
</div><p>At the same time, a noticeable gap has emerged between sellers’ expectations and buyers’ sentiment. Sellers tend to maintain prices or make only slight adjustments while buyers have become more cautious, often choosing to monitor the market before making purchasing decisions.</p>
<div class="lb-trans"><p>與此同時，賣方期望與買方情緒之間出現了明顯的差距。賣方傾向於維持價格或僅做小幅調整，而買方則變得更加謹慎，通常選擇在做出購買決定之前先觀察市場。</p>
</div><p>As a result, most transactions are concentrated in projects that benefit from favourable locations, clear legal status and reputable developers. Projects with excessively high prices or weak development strategies often struggle to attract buyers.</p>
<div class="lb-trans"><p>因此，大多數交易集中在那些受益於優越位置、法律狀態明確和開發商信譽良好的項目上。價格過高或發展策略薄弱的項目往往難以吸引買家。</p>
</div><p>In addition to affordability pressures, the real estate market in 2026 is also expected to face potential liquidity risks in certain areas.</p>
<div class="lb-trans"><p>除了可負擔性壓力外，預計 2026 年的房地產市場在某些地區也將面臨潛在的流動性風險。</p>
</div><p>VNREA forecasts housing supply could reach around 150,000 units in 2026 if projects are launched on schedule. Of this total, the northern region is expected to contribute about 60,000 units including roughly 40,000 from Hà Nội and Hưng Yên Province alone. In Hồ Chí Minh City, supply is estimated at about 55,000 units.</p>
<div class="lb-trans"><p>VNREA 預測，如果項目按計劃推出，2026 年的住房供應可能達到約 150,000 個單位。其中，北部地區預計貢獻約 60,000 個單位，僅河內和興安省就約佔 40,000 個單位。在胡志明市，供應預計約為 55,000 個單位。</p>
</div><p>As housing prices in major cities continue to climb, investment capital is expected to increasingly shift towards suburban areas where growth potential remains and prices are more accessible.</p>
<div class="lb-trans"><p>隨着主要城市住房價格的持續攀升，投資資本預計將越來越多地轉向郊區，那裏的增長潛力仍然存在，價格也更為可接受。</p>
</div><p>However, Đính warned that not all suburban areas will be able to attract investment flows. Some localities could face liquidity bottlenecks if transport infrastructure remains incomplete or if developers lack the capacity to build essential amenities.</p>
<div class="lb-trans"><p>然而，阮文定警告稱，並非所有郊區都能吸引投資流入。如果交通基礎設施尚未完善，或開發商缺乏建設必要設施的能力，一些地方可能面臨流動性瓶頸。</p>
</div><p>Where infrastructure networks are not yet synchronised and public services remain insufficient, genuine housing demand is unlikely to grow. This means even projects launched in large volumes may still see slow transaction activity.</p>
<div class="lb-trans"><p>在基礎設施網絡尚未同步且公共服務不足的情況下，真正的住房需求不太可能增長。這意味着即使是大量推出的項目，交易活動仍可能緩慢。</p>
</div><p>The market in 2026 is therefore expected to undergo stronger screening. Projects with complete legal documentation, locations linked to major transport corridors and development models based on integrated urban planning are more likely to maintain stable liquidity.</p>
<div class="lb-trans"><p>因此，預計 2026 年的市場將經歷更強的篩選。法律文件齊全、與主要交通走廊相連的地點以及基於綜合城市規劃的發展模式的項目更有可能保持穩定的流動性。</p>
</div><p>According to VNREA, despite the likelihood of stronger market segmentation in 2026, the overall trend points towards more sustainable development as speculative activity gradually declines and investment capital increasingly focuses on projects offering real value. — VNS</p>
<div class="lb-trans"><p>根據 VNREA 的説法，儘管 2026 年市場細分的可能性更強，但整體趨勢指向更可持續的發展，因為投機活動逐漸減少，投資資本越來越集中於提供真實價值的項目。——越南新聞社</p>
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越南房地產市場的住房可負擔性差距正在擴大