Thanh Niên and VnExpress reported on Oct. 19 that Prime Minister Lê Minh Hưng said land prices and the real estate market must be regulated. VnExpress and Đại biểu Nhân dân recorded him demanding that prices of social housing and rental housing not rise unreasonably. CafeF and Đời sống và Pháp luật quoted him as saying land and real estate prices will certainly fall. Thanh Niên and Vietnam.vn on Oct. 18 relayed his call to cut back intermediaries and lower fuel prices. VnEconomy summarized the demand to remove intermediary costs to ease price pressure on housing, fuel and health care. VTC News on Aug. 19 recorded him explaining that housing prices rose because of land prices, borrowing costs and long land-allocation procedures.
Housing is the largest expense for many families; when the head of the Government speaks plainly about regulation, the market and banks usually read it as a signal about laws about to be amended and about the flow of credit into real estate.
If you are weighing buying or renting a home, follow the land and housing draft laws submitted to the National Assembly at the end of the year, since taxes, land-use fees and auction rules can change the cost of an apartment.
The Government side, according to CafeF and Đời sống và Pháp luật, holds that land and housing prices will certainly fall once input costs and intermediary links are controlled, and that the State must actively regulate.
Đại biểu Nhân dân recorded the Prime Minister saying that prices of high-end housing depend on buyers’ demand; Dân trí asked which solutions would bring housing prices down to a level people can afford, showing the gap between the goal and concrete tools.
Confirmed: the Prime Minister’s remarks were carried by many outlets on the same day. Not confirmed: the size of any fall, the timeline and the concrete tools for land prices. What to watch today is the National Assembly’s discussion of the land, housing and auction draft laws.
VnExpress (Prime Minister: land prices must be regulated, Oct. 19) · Thanh Niên (Oct. 19; Oct. 18) · VnEconomy (removing intermediary costs, Oct. 19) · Dân trí (solutions to bring housing prices down, Oct. 19) · CafeF (Oct. 19) · VTC News (Aug. 19)
Prime Minister: land prices and the real estate market must be regulated, intermediaries cut to lower fuel prices
Prime Minister Lê Minh Hưng calls for control of social housing and rental housing prices and for removing intermediary costs; the press recorded his remarks on Oct. 18 and 19.
Thanh Niên and VnExpress reported on Oct. 19 that Prime Minister Lê Minh Hưng said land prices and the real estate market must be regulated. According to VnExpress and Đại biểu Nhân dân, he demanded that prices of social housing and rental housing not be allowed to surge unreasonably; Sài Gòn Giải Phóng and PetroTimes relayed that he asked for the prices of this type of housing to be regulated and kept under control. CafeF and Đời sống và Pháp luật quoted him as saying land and real estate prices will certainly fall, while Dân trí took the line “manage tightly, housing prices cannot be allowed to rise unreasonably” as its headline. The Voice of Vietnam portal recorded him saying that the amendment of the auction law must be tied to social housing and rental housing prices.
A day earlier, Thanh Niên and Vietnam.vn relayed his call to firmly cut back intermediaries and lower fuel prices; VnEconomy summarized the demand to remove intermediary costs in order to ease price pressure on housing, fuel and health care. Earlier, on Aug. 19, VTC News and CafeF reported that he explained high housing prices as the result of land prices, borrowing costs and long delays in land allocation piling up in the cost of a unit; CafeF also recorded him asking for the draft Land Law and the housing and real estate business laws to be completed for submission to the National Assembly at the end of 2026. The outlets did not state a specific cut or a timeline for land and home prices.