Over the past three decades, Việt Nam has witnessed one of the strongest real estate price increases in Southeast Asia. Việt Nam News talks with experts about the underlying causes and possible responses to cool down the overheated market.
Across the country, overall housing supply has been rising, but the share of affordable homes remains critically low. Experts are urging goverment regulations to control real estate prices to be carefully designed to ensure feasibility and avoid further market distortions.
The proposed developers include Vingroup, Sun Group, Viglacera, HUD, HANCORP, Becamex IDC, Vinaconex, Nam Long, Đức Mạnh, TasecoLand, Cát Tường and Thủ Đô JSC, among others.
The Ministry of Construction has proposed raising the income cap for individuals eligible to purchase homes at social housing projects from VNĐ15 million to VNĐ20 million.
More than 3.2 million households across Việt Nam saw their August electricity bills rise by 30 per cent or more from July, but initial checks have not found any errors in billing, Việt Nam Electricity (EVN) said.
Food, personal care products and school supplies were among the fastest-growing categories, fueling momentum for the city’s target of 18 per cent annual trade growth.
When measured by value, the total of gold investment in Việt Nam still rose by 12 per cent to US$997 million, indicating that long-term demand will remain strong.
The State Bank of Vietnam said it will monitor gold markets closely and coordinate with agencies to manage and stabilise the market within its authority.
Việt Nam is the world''s third-largest textile and garment exporter, with an export value reaching US$44 billion in 2024, while India is a leading supplier of raw materials, particularly cotton and cotton yarn.
The project in the Thành Hải resettlement area will include 1,155 social housing units and 197 commercial housing units, with a total investment of over VNĐ1.13 trillion (US$44.4 million).
While cement supply is projected to reach approximately 124.75 million tonnes this year, domestic demand is only expected to be around 63.5 million tonnes.
Việt Nam’s garment-textile export value is expected to reach US$44 billion in 2024, marking an 11.26 per cent increase from 2023, according to the Việt Nam Textile and Apparel Association (VITAS).