Real estate, gold markets to be fully established by 2026: Prime Minister

VIETNAM TO FULLY ESTABLISH REAL ESTATE AND GOLD MARKETS BY 2026: PRIME MINISTER

Prime Minister Pham Minh Chinh announced on October 20, 2025, that Vietnam will complete a comprehensive legal framework for its financial, real estate, and gold markets by 2026 as part of broader efforts to modernize market infrastructure and accelerate economic growth.

The announcement was made during the presentation of the government’s 2025 socio economic report and the 2026 development plan at the opening of the National Assembly’s 10th sitting.

COMPREHENSIVE LEGAL FRAMEWORK FOR KEY MARKETS
The Prime Minister emphasized that the legal framework for critical markets—including finance, securities, real estate, gold, labor, and science and technology—will be finalized next year. "All these markets must be fully established by 2026," he stated.

GOLD MARKET REFORM
The State Bank of Vietnam (SBV) is set to pilot a domestic gold trading exchange this month, rolling out in three phases. The first phase will focus on physical gold trading, followed by the expansion into bullion and derivative products.

This initiative follows the government’s decision in August to remove the state monopoly on gold bullion production, marking a significant shift in the country’s gold market dynamics. Currently, local gold bar rates, such as SJC gold, stand at VND151.5 million ($5,751) per tael—VND15.5 million higher than global prices. A tael equals 37.5 grams or 1.2 ounces.

NATIONAL ONLINE REAL ESTATE TRADING PLATFORM
The Ministry of Construction plans to launch a national online property trading platform between 2026 and 2027. This platform will enable individuals to buy, sell, and value properties, covering completed homes, off plan projects, and land use rights. The move aims to formalize a market historically dominated by private exchanges.

DIGITAL ASSET EXCHANGE PILOT PROGRAM
The government also plans to develop a data market and pilot a digital asset exchange under strict regulatory oversight. The Ministry of Finance is preparing a five year pilot program that could license up to five regulated digital asset exchanges before 2026.

ECONOMIC GROWTH TARGETS FOR 2026
For 2026, the government has set ambitious economic targets, including:
GDP growth of at least 10%
Per capita income of $5,400–$5,500
Inflation around 4.5%
An 8% rise in labor productivity

Growth will be driven by emerging sectors such as digital technology, semiconductors, and artificial intelligence, supported by regulatory sandboxes for new business models. The government also aims to simplify administrative procedures, cutting business compliance costs and time by half compared with 2024.

SPECIAL ECONOMIC ZONES AND INSTITUTIONAL REFORM
Vietnam will continue advancing institutional modernization and developing special economic zones in Van Don (Quang Ninh Province), Van Phong (Khanh Hoa Province), and Phu Quoc (An Giang Province).

The Prime Minister underscored the importance of these reforms in fostering sustainable economic development and enhancing Vietnam’s competitiveness in the global market.