PM directs solving woes in Vietnam property market
Prime Minister Pham Minh Chinh has asked state agencies, businesses and other stakeholders to join hands in promoting the development of a rules-based, effective and safe real estate market.
Vietnam's Prime Minister Pham Minh Chinh. Photo coutersy of Government portal
In a dispatch issued Wednesday, the PM requested the Ministry of Construction to push localities to promptly remove difficulties facing real estate businesses and propose specific solutions toward the goal.
He asked government agencies to review and propose amendments to overlapping legal regulations that hinder the implementation of real estate projects; select investors to implement social housing projects and accommodation for workers in cities and industrial parks toward having at least one million social apartments in the next decade.
The PM requested the State Bank's Governor to direct commercial banks to reduce costs and administrative procedures to help enterprises and residents access capital. Banks must quickly disburse loans for qualified real estate projects and businesses, especially those for social housing, workers' houses, and affordable accommodation.
The Minister of Natural Resources and Environment was required to coordinate with agencies and units to actively review and complete relevant legal documents. It is supposed to propose the government amends a number of articles of the decrees guiding implementation of the Land Law in order to remove land-related difficulties for property projects.
The Ministry of Planning and Investment must urgently review, amend and supplement regulations and laws on investment and bidding, while the Ministry of Finance reviews the bond issuance of real estate enterprises and provide appropriate and effective solutions to help promote the development of a safe, healthy, effective and sustainable realty market, according to the dispatch.
Meanwhile, the People’s Committees of provinces and centrally-run cities are asked to make a list of social housing, commercial housing and real estate projects in their localities; and focus on clearing obstacles related to investment procedures for housing projects to increase supply.
Real estate businesses themselves must proactively restructure customer segments, products and prices, as well as make payment deadlines and methods feasible and convenient for customers and people, especially those with real needs, says the dispatch.
- Related News
- Read More
Construction begins on $32.5 bln Red River Scenic Boulevard project in Hanoi
The gigantic project Red River Scenic Boulevard, with a preliminary investment of about VND855 trillion ($32.49 billion) in Phu Thuong ward, Hanoi, broke ground on Friday.
Real Estate - Fri, December 19, 2025 | 4:57 pm GMT+7
Major Vietnamese groups kick off mega projects in south-central Vietnam
Vingroup, BIN Corporation, Hoa Phat, and FPT simultaneously broke ground on large-scale projects in south-central Vietnam on Friday, raising expectations for new national growth momentum in the coming period.
Economy - Fri, December 19, 2025 | 4:36 pm GMT+7
Mega-airport Long Thanh in southern Vietnam welcomes first passenger flights
The first passenger flights touched down at Long Thanh International Airport in Dong Nai province on Friday morning, marking the inaugural civil aviation operation at Vietnam’s largest airport.
Economy - Fri, December 19, 2025 | 2:07 pm GMT+7
Vingroup starts work on $35.2 bln Olympic Sports Urban Area on Hanoi outskirts
Vingroup (HoSE: VIC), Vietnam's leading private conglomerate, on Friday broke ground on its 9,171-hectare Olympic Sports Urban Area project in Hanoi, which is expected to become a new growth engine for the southern part of the capital in the next decade.
Real Estate - Fri, December 19, 2025 | 1:59 pm GMT+7
Vietnam telecom giant VNPT establishes AI company
State-owned Vietnam Posts and Telecommunications Group (VNPT) on Thursday launched subsidiary VNPT AI, aiming to bring Vietnamese AI products to international markets.
Companies - Fri, December 19, 2025 | 11:50 am GMT+7
Quang Ngai Sugar develops sugar, biomass power projects worth $179 mln in central Vietnam
Quang Ngai Sugar JSC (UPCom: QNS), a top sugar producer in Vietnam, will simultaneously hold groundbreaking or inauguration ceremonies on Friday for three projects worth over VND4.7 trillion ($178.5 million) in Gia Lai province.
Companies - Fri, December 19, 2025 | 8:05 am GMT+7
Vietnam defeat Thailand to win men’s football gold at SEA Games 33
After conceding two goals in just over 30 minutes, Vietnam reversed the situation to finally beat host nation Thailand 3-2 in the men’s football final of the 33rd SEA Games.
Society - Thu, December 18, 2025 | 10:43 pm GMT+7
Sun Group to commence construction on 5 landmark projects worth $5.7 bln
Sun Group is scheduled to start construction of five large-scale projects across Vietnam’s three regions on Friday, with a total investment of nearly $5.7 billion.
Companies - Thu, December 18, 2025 | 8:39 pm GMT+7
Unpaid credit card balances in Singapore hit record high in 10 years
Singapore's credit card debt has exceeded SGD9.07 billion (about $7 billion) in 2025's third quarter, a 10-year high that was last seen in 2014.
Southeast Asia - Thu, December 18, 2025 | 7:54 pm GMT+7
Thailand, Japan deepen transport, infrastructure cooperation
Thai Deputy Prime Minister and Minister of Transport Phiphat Ratchakitprakarn has met with Japanese Ambassador Otaka Masato to advance cooperation in Thailand’s transportation and infrastructure projects.
Southeast Asia - Thu, December 18, 2025 | 7:50 pm GMT+7
Masan's FMCG arm MCH to list on HCMC bourse at $8 per share, valuation tops $8.6 bln
Masan Consumer Corporation (UpCoM: MCH), the fast-moving consumer goods arm of Vietnam’s Masan Group, will officially debut on the Ho Chi Minh City Stock Exchange (HoSE) on December 25, with a reference price set at VND212,800 ($8.08) per share.
Companies - Thu, December 18, 2025 | 4:57 pm GMT+7
Sun Group-led consortium to build $616 mln Red River bridge in Hanoi
Hanoi authorities have approved a consortium led by Sun Group as the investor for the Tran Hung Dao bridge project, with a total investment estimated at VND16.27 trillion ($616.14 million).
Infrastructure - Thu, December 18, 2025 | 3:26 pm GMT+7
Shinhan Bank Vietnam accompanies SMEs in promoting cashless payments
With modern, secure and convenient payment solutions designed to meet the specific needs of businesses, particularly the SME segment, Shinhan Bank Vietnam continues to accompany enterprises in building a modern corporate image and keeping pace with the digital economy.
Banking - Thu, December 18, 2025 | 2:10 pm GMT+7
JC&C to divest 4.6% stake at Vietnam's dairy giant Vinamilk to F&N for $228 mln
Singapore-listed Jardine Cycle & Carriage Limited (JC&C) has announced the sale of more than 96 million shares, or a 4.6% stake, in Vietnam’s dairy giant Vinamilk (HoSE: VNM) to F&N Dairy Investments Pte. Ltd., part of the Fraser and Neave (F&N) group controlled by Thai billionaire Charoen Sirivadhanabhakdi.
Companies - Thu, December 18, 2025 | 1:36 pm GMT+7
Siemens to supply high-speed trains, key railway systems to Vingroup's subsidiary VinSpeed
Siemens Mobility on Wednesday signed a comprehensive strategic cooperation and high-speed railway technology transfer agreement with VinSpeed, a unit of Vietnam’s Vingroup, to supply high-speed trains and key railway systems for planned rail projects in Vietnam.
Companies - Thu, December 18, 2025 | 1:24 pm GMT+7
Hanoi administration to raise over $52 mln from Thuong Dinh Footwear divestment
Hanoi’s municipal government is set to raise nearly VND1.38 trillion ($52.35 million) from the sale of its entire 68.67% stake in Thuong Dinh Footwear Company - a major footwear producer in Vietnam, after two individual investors agreed to buy all shares on offer at a price far above market levels.
Companies - Thu, December 18, 2025 | 10:01 am GMT+7
