diff --git a/common/Vulkan/SwapChain.cpp b/common/Vulkan/SwapChain.cpp
index 1a7a4b2bce..f68a9c13f8 100644
--- a/common/Vulkan/SwapChain.cpp
+++ b/common/Vulkan/SwapChain.cpp
@@ -825,6 +825,7 @@ namespace Vulkan
 		DestroySwapChainImages();
 		DestroySwapChain();
 		DestroySurface();
+		DestroySemaphores();
 
 		// Re-create the surface with the new native handle
 		m_window_info = new_wi;
@@ -849,7 +850,7 @@ namespace Vulkan
 		}
 
 		// Finally re-create the swap chain
-		if (!CreateSwapChain() || !SetupSwapChainImages())
+		if (!CreateSwapChain() || !SetupSwapChainImages() || !CreateSemaphores())
 			return false;
 
 		return true;
diff --git a/pcsx2/Frontend/VulkanHostDisplay.cpp b/pcsx2/Frontend/VulkanHostDisplay.cpp
index 5295c45287..878adeb40d 100644
--- a/pcsx2/Frontend/VulkanHostDisplay.cpp
+++ b/pcsx2/Frontend/VulkanHostDisplay.cpp
@@ -112,7 +112,11 @@ void VulkanHostDisplay::ResizeRenderWindow(s32 new_window_width, s32 new_window_
 	g_vulkan_context->WaitForGPUIdle();
 
 	if (!m_swap_chain->ResizeSwapChain(new_window_width, new_window_height))
-		pxFailRel("Failed to resize swap chain");
+	{
+		// AcquireNextImage() will fail, and we'll recreate the surface.
+		Console.Error("Failed to resize swap chain. Next present will fail.");
+		return;
+	}
 
 	m_window_info = m_swap_chain->GetWindowInfo();
 }
@@ -341,7 +345,6 @@ bool VulkanHostDisplay::BeginPresent(bool frame_skip)
 			{
 				Console.Error("Failed to recreate surface after loss");
 				g_vulkan_context->ExecuteCommandBuffer(false);
-				m_swap_chain.reset();
 				return false;
 			}