Hanoi, October 12, 2025 – The Europe Today: Prime Minister Phạm Minh Chính has directed stronger control measures to prevent speculation and price manipulation in Việt Nam’s real estate market, with the goal of expanding housing supply, ensuring market balance, and improving citizens’ access to affordable housing.
Chairing the second meeting of the Central Steering Committee for Housing Policy and Real Estate Market in Hà Nội on Saturday, the Prime Minister emphasized the Government’s target of completing over 100,000 social housing units by the end of 2025, in accordance with Resolution 01/NQ-CP on the effective implementation of the national housing development strategy.
To ensure a synchronized and sustainable real estate market, the Prime Minister underlined the need to diversify housing types and accelerate the development of social, rental, and affordable housing, as well as housing for industrial zone workers. He also called for stronger participation from all economic sectors under market mechanisms that align with social policy objectives.
PM Chính noted that the Government has taken decisive and comprehensive actions to remove obstacles, expedite investment projects, and expand housing supply across all segments—particularly in the social and affordable housing sectors.
According to reports presented at the meeting, 132,616 social housing units are currently under development nationwide. In the first nine months of 2025 alone, 73 new projects comprising 57,815 units have been launched, with 22 out of 34 provinces and cities meeting or exceeding their assigned targets for social housing development.
The Prime Minister also identified several persistent challenges, including outdated real estate and social housing policies, delays in establishing a State-managed real estate trading centre, insufficient affordable housing stock, slow project implementation, and urban housing prices that remain beyond the reach of most citizens.
He further highlighted issues such as market manipulation, inflated property prices, lack of transparency in transactions and data, and speculative cash flows that contribute to real estate bubbles.
Calling for open discussion and practical solutions, PM Chính urged delegates to propose mechanisms for the creation of regulated real estate trading platforms, stabilization of market operations, and prevention of speculation and profiteering.
He stressed the importance of improving access to housing for workers and low- to middle-income earners, cutting investment costs, and reforming credit policies to support social housing initiatives.
The Prime Minister also emphasized the urgency of implementing breakthrough measures to achieve the 2025 housing target amid administrative restructuring and the shift to a two-tier local governance system, which has resulted in the relocation of many officials and workers.
He concluded by urging ministries, localities, and relevant agencies to take coordinated action to boost the supply of affordable homes, promote transparency, and ensure that real estate development truly serves the interests of the people.
