HCM City housing prices rise on shortage of new supply Housing prices continue to rise rapidly in HCM City because of a shortage of new supply, increasing population and lack of transport infrastructure in outlying areas.

Housing prices rise slightly in third quarter Housing prices in Hà Nội and HCM City increased slightly in the third quarter, according to an annual report from the Ministry of Construction released at a press conference on Monday.

VN faces serious shortage of workers' housing

Most industrial parks in the country, including in the southern key economic zone, lack housing for workers, Phan Văn Anh, vice chairman of Việt Nam General Confederation of Labour, said on September 24.

New housing policy for low-, mid-income households needed in HCM City Housing development is of paramount importance to HCM City as the city is expected to see an increase of one million people every five years in the 2021-35 period, according to Võ Văn Hoan, vice chairman of the city People’s Committee.

HCM City authorities admit to big housing shortage

HCM City faces a housing shortage caused by the rapidly increasing rising population and shortage of new housing projects.

HCM City gets tough on illegal construction HCM City authorities are considering imposing stricter penalties on individuals and companies that violate regulations on construction projects.

Land shortage affects national social housing target

To address the shortage of low-income housing, Prime Minister Nguyễn Xuân Phúc has told the Ministry of Construction to review the use and planning of urban land available for social housing nationwide and submit the results to him by September.

MoC plans to release quarterly reports on property market The quarterly report is a basis for building a database on housing and local property market because information about those factors is unclear.

Central bank to keep monetary policy on hold through 2019 The State Bank of Việt Nam (SBV) will hold its benchmark refinancing and discount rates at 6.25 per cent and 4.25 per cent, respectively, in addition to maintaining its 14 per cent credit growth target for the remainder of 2019, experts forecast.

New SBV regulations to help realty market grow sustainably

The State Bank of Việt Nam (SBV) has recently made public a draft circular on safety limits for banks and called for public comment on the proposed changes. The circular would tighten regulations on loans, especially in the high-end real estate segment. Nguyễn Quốc Hùng, director of the SBV’s Credit Department, talked with the media about the issue during a meeting last week