Vietnamese Prime Minister Pham Minh Chinh has stated the need to curb the growth of commercial housing prices, especially for apartments. He announced this on January 13th at a meeting of the Central Steering Committee on Housing Policy and the Real Estate Market.
The head of government emphasized that the growth of housing prices should correspond to the state of the economy and the real capabilities of the population. In this regard, he instructed to strengthen control over lending in the real estate sector to limit speculative transactions and direct financial resources to priority areas for the economy.
Separately, the Prime Minister instructed to prepare solutions for housing for people with average incomes and to ensure the operation of mechanisms that will expand supply in this segment.
The Ministry of Construction was instructed to finalize the project to create a state center for real estate and land use rights trading. It is assumed that it will help simplify and standardize transactions, increase market transparency, and gradually transfer operations to electronic format.
The Ministry of Finance was instructed to prepare proposals for tax measures aimed at curbing speculation and price manipulation in the real estate market. In turn, the State Bank of Vietnam should strengthen monitoring of real estate lending and, if necessary, adjust credit limits for banks.
According to market participants, the increased attention of the authorities is due to the fact that the real estate market noticeably intensified in 2025, and the growth of prices and lending volumes has increased the risk of overheating.