According to the Ministry of Construction, nine projects received investment approval during the quarter, while four were granted new construction permits, comprising about 1,807 tourist apartments and 942 tourist villas, up 33.3 per cent from the first quarter.
Three projects were completed during the quarter, three times the number in the previous quarter.
The ministry said the market was recovering at varying rates across different localities. Prices were broadly stable from the first quarter, while transactions were concentrated in projects with complete legal documentation, favourable locations and reputable operators.
The figures were presented at the Vietnam Tourism and Resort Real Estate Forum 2026 in Danang on August 26.
Vuong Duy Dung, deputy director of the Ministry of Construction's Department of Housing and Real Estate Market Management, said tourist apartments were recognised as a form of tourist accommodation under Vietnamese tourism regulations.
Businesses operating such accommodation must meet requirements covering business registration, security, fire safety, environmental protection, food safety, facilities and services, he said.
Nguyen Van Khoi, chairman of the Vietnam Real Estate Association (VNREA), said tourism and resort property development over the past 15 years had contributed to the growth of major tourism destinations including Danang, Khanh Hoa, Phu Quoc, Quang Ninh, Binh Thuan, Hue and Quang Nam.
Domestic and international companies have invested hundreds of trillions of dong in hotels, resorts, entertainment complexes, golf courses, marinas and convention centres, helping drive local tourism and economic development.
Khoi said the sector also had strong potential to attract foreign direct investment, particularly in high-end hotels, beach resorts, integrated entertainment complexes and ecotourism.
However, he said the market still faced challenges including inconsistencies in the legal framework, planning issues, difficulties accessing capital and the need to strengthen market confidence.
He called for further legal reforms and a more transparent, stable and predictable investment environment to support the sector's development.
