The solutions were presented in a draft resolution currently seeking opinions from ministries and branches.

MOC proposes establishing a real estate trading center to publicize and transparently handle real estate transactions. This center would serve as an electronic linkage hub between agencies and organizations for real estate transactions, with functions to organize and verify real estate transactions, including buying, selling, transferring, and lease-purchases.

The draft resolution also outlines policies on developing affordable commercial (non-social) housing. Accordingly, depending on local conditions, provincial/city People's Committees will decide to allocate at least 20 percent of the total planned housing projects for 2026-2030 to develop affordable non-social housing projects.

Affordable commercial housing projects will select investors without auctions or bids; and calculate land use fees and land rental based on land prices set in the land price tables and adjustment coefficients as per land laws.

Additionally, investors are entitled to a maximum fixed profit of 20 percent of the total investment capital for the projects. There will be need need to allocate land for social housing within the commercial housing project as under the 2023 Housing Law.

The draft resolution also stipulates that buyers of homes in these projects cannot transfer purchase contracts or lease-purchase contracts as per real estate business laws.

According to MOC, the aims is to establish special legal mechanisms to control, regulate, and gradually reduce housing prices to levels suitable for the majority of the population's income, especially low- and middle-income groups. 

The focus is on regulating the real estate market transparently, controlling speculation and price manipulation.

Signs of speculation and price inflation 

In major cities like Hanoi and HCMC, housing prices have risen sharply, far outpacing income growth.

According to a recent Ministry of Construction report, the average primary selling price of apartments in Hanoi in the third quarter of 2025 is VND70-80 million/sqm. Some luxury apartment projects in Hanoi have recorded prices of VND150-300 million/sqm.

In HCMC, the average primary apartment price over the past nine months was about VND75 million/sqm. Some high-end projects were listed from VND150 million/sqm upward.

Meanwhile, prices for townhouses and villas in Hanoi commonly range from VND100-200 million/sqm. Some premium projects in prime locations exceed VND300 million/sqm.

In HCMC, primary prices range from VND230-300 million/sqm, depending on location and project. Some high-end products in central areas or new urban zones with complete infrastructure exceed VND300 million/sqm.

The real estate product structure is severely imbalanced. Supply mainly consists of mid- and high-end segments, lacking affordable housing for most people. The housing stock is espevially short on housing for industrial workers, social housing, and low-income housing in urban areas.

Real estate prices increase annually but do not reflect true value, remaining high compared to average incomes.

The Ministry says that ongoing hoarding, price inflation and speculation, which raise the overall price level, disrupt supply-demand balance and result in products exceeding most people's affordability.

In concluding remarks at the September conference (October 5), Prime Minister Pham Minh Chinh assessed that the real estate market has improved but still faces difficulties, with housing and land prices at high levels.

He required ministries, sectors, and localities to ensure market and price stability, especially for state-managed goods and services; and implement measures to strengthen management, guidance and control of housing and land prices.

The Ministry of Finance (MOF) has withdrawn the proposal to calculate taxes based on the duration of ownership

At the regular press conference on the afternoon of October 3, 2025, Luu Duc Huy, Deputy Director of the Tax Policy, Fees, and Charges Management Department, stated that the Ministry has incorporated feedback from ministries and sectors to refine the draft of the amended PIT Law, maintaining it in line with current regulations.

"The PIT on real estate transfers continues to follow the existing legal framework. The NA’s Economic and Finance Committee has reviewed the tax law framework, and MOF will continue to refine the draft law to submit to the NA at its 10th session," Huy said.

Hong Khanh