Vietnam has emerged among the world’s 10 most improved real estate markets in transparency during the 2024–26 period, according to JLL’s 2026 Global Real Estate Transparency Index (GRETI). The country ranked 50th among 88 countries and territories, with a transparency score of 3.15, remaining in the “Semi-Transparent” category. JLL attributed the progress to legal reforms, administrative changes, digitisation efforts and greater adoption of sustainable development practices.
Key Overview
- Vietnam ranked 50th out of 88 countries and territories.
- The country recorded a transparency score of 3.15.
- Vietnam remained in the “Semi-Transparent” category.
- It was among the 10 most improved markets globally.
- Asia-Pacific accounted for five of the 10 most improved markets.
- Vietnam aims to complete its national land database by the end of 2026.
- Registered foreign investment reached US$38.1 billion in the first seven months of 2026.
Vietnam Improves Real Estate Market Transparency
Vietnam has emerged among the world’s 10 most improved real estate markets in terms of transparency during the 2024–26 period, according to the 2026 Global Real Estate Transparency Index released by global real estate services firm JLL.
Overall, Vietnam ranked 50th among 88 countries and territories surveyed, recording a transparency score of 3.15 and remaining in the “Semi-Transparent” category.
The country was among the 10 most improved markets globally, alongside Poland, Thailand, Australia, Qatar, the Republic of Korea, India, Saudi Arabia, Dubai and Abu Dhabi.
JLL assesses real estate transparency across six areas: market performance measurement, governance and regulation, market fundamentals, transaction processes, governance of listed companies and sustainability.
The Asia-Pacific region recorded the strongest gains in transparency, accounting for five of the 10 most improved markets: India, Vietnam, the Republic of Korea, Australia and Thailand.
JLL said improvements in transparency had helped support a recovery in cross-border investment in the region over the past 12 months, with direct investment transaction volumes in some markets, including Vietnam, reaching record levels.
Legal Reforms Strengthen the Market
Before 2020, Vietnam was classified as a “Low Transparency” market, with limited market data and complex legal frameworks creating challenges for foreign property investors, according to JLL’s data.
A turning point came in 2016 when Vietnam joined the Trans-Pacific Partnership and proposed developing a national real estate database, signalling efforts to align the market with international standards.
The country moved into the “Semi-Transparent” category in 2020.
In 2024, Vietnam took a major step in strengthening its legal framework as revised laws covering land, housing and real estate business came into effect.
The revised Law on Price also introduced requirements for certified valuation professionals and verifiable audit trails for valuations. Regulations also required real estate transactions to be conducted through the banking system.
In 2026, Decree 357 on the construction, management and operation of housing and real estate market information systems took effect, with the goal of completing the national land database by the end of the year.
Foreign Investment and Real Estate Transparency
JLL Vietnam General Director Lê Thị Huyền Trang said reforms to the legal framework, administrative procedures and economic policy had begun producing positive results, reflected in rising registered foreign investment.
Vietnam recorded US$38.1 billion in registered foreign investment in the first seven months of 2026, nearly matching the total registered FDI recorded in the previous year and marking the highest level in a decade.
“The fact that Việt Nam is ranked among the global top 10 markets with the strongest improvements in transparency is the result of a long and sustained process,” Trang said.
She said the changes had strengthened the foundation of the market through legal reforms and administrative improvements.
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Transparency Affects Property Valuations
JLL’s report also highlighted a relationship between market transparency and the accuracy and efficiency of property valuations.
In semi-transparent markets such as Vietnam, fragmented and limited data mean valuation accuracy is estimated at around 70 percent, while the process can take up to 20 days.
In “Highly Transparent” markets, where transaction data is publicly available and comprehensive, valuation accuracy is around 90 percent, with valuations typically taking five to 10 days.
Võ Văn Hữu Phước, senior director of valuation advisory and risk management at JLL Vietnam, said digitisation of land records, a unified nationwide property registration system and adoption of international valuation standards would be important to narrowing the gap.
Six Areas for Further Progress
According to JLL, further progress toward greater transparency will depend on completing the digitisation of land records and establishing a unified nationwide property registration system.
Other priorities include applying international valuation standards, publishing data on commercial real estate credit markets, expanding green building certification, improving planning and databases, and strengthening disclosure requirements for listed companies.
JLL said greater transparency would become increasingly important for investors as economic and geopolitical uncertainty, artificial intelligence, shifting capital flows, energy security and changes in real estate credit markets reshape investment decision-making worldwide.
Outlook
Vietnam’s improved position in the 2026 Global Real Estate Transparency Index reflects progress in legal reform, administrative procedures, market information systems and sustainability practices.
The country remains in the “Semi-Transparent” category, with further progress dependent on improvements including land-record digitisation, nationwide property registration, international valuation standards, commercial real estate credit data, green building certification and listed-company disclosures.
The completion of the national land database by the end of 2026 is among the developments identified as part of Vietnam’s continued transparency roadmap.
FAQs
1. How did Vietnam rank in JLL’s 2026 Global Real Estate Transparency Index?
Vietnam ranked 50th among 88 countries and territories, with a transparency score of 3.15, remaining in the “Semi-Transparent” category.
2. Why has Vietnam’s real estate transparency improved?
JLL attributed the improvement to legal reforms, administrative changes, digitisation efforts and greater adoption of sustainable development practices in the real estate sector.
3. What is Vietnam doing to improve real estate market transparency further?
Key priorities include digitising land records, establishing a unified nationwide property registration system, applying international valuation standards, publishing commercial real estate credit data, expanding green building certification and strengthening disclosure requirements for listed companies.
4. How does transparency affect property valuations in Vietnam?
In semi-transparent markets such as Vietnam, valuation accuracy is estimated at around 70%, and the process can take up to 20 days. In highly transparent markets, accuracy is around 90%, with valuations typically taking five to 10 days.
Sources: vietnamnews.vn , Vietnam Investment Review, Laodong
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