This is the first project in Vietnam to establish a competency framework for real estate brokers, aiming to create a national standard that will contribute to professionalizing the occupation and increasing market transparency.

The Vietnam Association of Real Estate Brokers (VARS) has officially announced the launch of a scientific research project titled Vietnam Real Estate Broker Professional Standards (VREB).

This project will be spearheaded by the Vietnam Institute of Real Estate Market Research Valuation, with professional endorsement from the Ministry of Construction.

According to VARS, this is the first project in Vietnam to establish a competency framework for real estate brokers, aiming to create a national standard that will contribute to professionalizing the occupation and increasing market transparency.

Mr. Nguyen Van Dinh, Chairman of VARS, noted that while real estate brokerage has become an indispensable bridge between businesses, investors, and customers, it still lacks a unified system for assessing competency.

"Current practice certificates primarily assess legal knowledge and do not fully reflect practical competency, consulting skills, and professional ethics. The VREB Standards will be a comprehensive measure, helping the real estate brokerage profession in Vietnam develop professionally and sustainably," he said.

The project is being developed based on international standard models (Singapore, South Korea, USA, Australia, etc.), combined with practical surveys of hundreds of domestic enterprises, real estate exchanges, and individual practitioners. The VREB Standards are designed as a comprehensive competency framework, simultaneously reflecting knowledge, skills, ethics, practical abilities, and legal compliance. It will also be capable of measuring, evaluating, and classifying the professional competency of individuals and organizations.

The project will be implemented over six months (from October 2025 to March 2026) in 10 phases, including surveys, critiques, piloting, and acceptance.

From November 2025, VARS will open a public feedback portal for businesses, real estate exchanges, individual practitioners, and experts nationwide to review, critique, and contribute opinions to the draft standards.

Vneconomy-Thanh Xuân

Gwangseong, headquartered in Seoul, specializes in executing and constructing officetel and apartment housing projects.

The leadership of Gwangseong Total Construction Co., Ltd. (from South Korea) has paid a visit and held working sessions with Dai Nam Son Group to explore the market and expand cooperation opportunities in Vietnam's real estate sector.

Gwangseong, headquartered in Seoul, specializes in executing and constructing officetel and apartment housing projects. Over the past 10 years, the company has implemented hundreds of projects across various cities in South Korea.

"With our experience and existing capacity in construction and real estate, Gwangseong is eager to expand investment activities into Vietnam," Mr. Lee Gwi Hyeong, CEO of Gwangseong, stated at the meeting.

"What we are most concerned about at present are Vietnam’s legal procedures related to land access methods, capital mobilization, taxes and fees for real estate development, construction costs for projects, and forms of cooperation with Vietnamese enterprises,” he said.

Leaders of Dai Nam Son group addressed all of the partner’s questions and concerns. They also provided a detailed analysis of the characteristics of Vietnam’s real estate market; the advantages and disadvantages of different investment approaches; as well as the opportunities, challenges, and difficulties that foreign enterprises may encounter when investing in Vietnam’s real estate sector.

Vneconomy-Phan Nam

The aim is to expand urban areas, create momentum for investment attraction, and accelerate the development of new urban zones north of Cua Luc Bay.

The Provincial People's Committee of Quang Ninh province in northern Vietnam has approved the investment policy for two key traffic projects with a total capital exceeding VND5.4 trillion (approximately $207 million).

The aim is to expand urban areas, create momentum for investment attraction, and accelerate the development of new urban zones north of Cua Luc Bay.

The two projects include: a coastal road extending from Tran Quoc Nghien Street (Hong Gai Ward) through Binh Minh Bridge to Bang Bridge (Cao Xanh Ward); and a coastal road on the northwest side of Cua Luc Bay, connecting from Troi 2 Bridge via Tinh Yeu Bridge to National Highway 279 (Hoanh Bo Ward).

Both projects will be funded by the provincial budget and implemented during the 2025–2028 period.

Specifically, the coastal road project extending from Tran Quoc Nghien Street to Bang Bridge will be over 7 km long, with a design speed of 60 km/h, and a total capital of VND2.618 trillion (nearly $99.4 million). The coastal road project on the northwest side of Cua Luc Bay will be approximately 8.3 km long, with a design speed of 60 km/h, and a total investment of VND2,86 trillion (over $108 million).

Currently, the province's Project Management Board for Investment and Construction Area 1 has signed a consulting contract for surveying and preparing the investment projects.

Vneconomy-Phương Nhi