Prime Minister requests strict handling of price fixing and real estate market manipulation

Prime Minister requests strict handling of price fixing and market manipulation

According to the report, the real estate market still faces many difficulties and problems, notably limited supply, imbalance between segments, slow progress in implementing social housing and many projects facing legal problems related to land, investment, construction, auctions, etc. The country currently has about 788 real estate projects facing difficulties and problems related to land, investment, planning, construction, housing, bidding, project capital, and implementation of inspection conclusions for projects, etc. Projects with unresolved difficulties and problems are mainly under the authority of localities.

At the meeting, delegates proposed that, along with removing difficulties and obstacles for the real estate market, it is necessary to reduce costs affecting real estate prices; have plans, targets, and regulate real estate segments reasonably; strictly handle acts of price fixing and market manipulation...

Concluding the meeting, Prime Minister Pham Minh Chinh emphasized the need to resolutely handle acts of speculation, creating virtual prices, manipulating the market, taking advantage of land auctions for profit, and disrupting the real estate market. At the same time, he directed ministries and branches to continue reviewing and proposing to the National Assembly to remove legal obstacles, especially for key issues, creating leverage for healthy and transparent market development.

The Prime Minister requested ministries, sectors and localities to focus on solutions to reduce costs, reduce real estate prices, increase supply, and create conditions for people to access housing with the goal of "everyone having a place to live". Along with that, urgently establish the National Housing Development Fund in June 2025, assign the State Bank to direct commercial banks to implement the 120,000 billion VND housing credit program, cut administrative procedures, promote controlled credit growth, and support businesses and people to access capital effectively.

On the same day, Prime Minister Pham Minh Chinh also chaired a meeting of the Government Standing Committee to listen to reports, assess the situation and give opinions on directions related to negotiations on a bilateral agreement on reciprocal trade between Vietnam and the United States.

The Prime Minister assessed that the recent rounds of negotiations had made many positive developments, and that both sides had the opportunity to share information and understand each other, laying the foundation for the next steps. The Prime Minister requested the negotiating team to continue promoting the achieved results, aiming to soon declare the end of negotiations in the spirit of balance and harmony of interests of both sides.

PHAN THAO

Source: https://www.sggp.org.vn/thu-tuong-yeu-cau-xu-ly-nghiem-cac-hanh-vi-lam-gia-thao-tung-thi-truong-bat-dong-san-post796653.html