PM directs action against real estate manipulation and speculation

Prime Minister Pham Minh Chinh has issued a formal directive instructing ministries, sectors, and localities to enhance supervision and combat real estate market manipulation and speculation. This directive aims to maintain the stability and integrity of the real estate market in Vietnam.

The real estate sector in Vietnam is anticipating substantial revenue growth of up to 50% in 2025. This growth is a positive sign for a sector that has seen fluctuations and uncertainty in recent times. Real estate stocks are also showing signs of recovery, indicating a potential upturn in the market.

Government officials are exploring new initiatives to unlock the potential of the real estate market by revising land use policies. These initiatives are expected to stimulate growth and drive investment in the sector. Furthermore, Deputy Prime Minister has called for a comprehensive evaluation of the state of real estate in various localities to identify areas of concern and develop targeted solutions.

In addition to government efforts, preserving traditional cultural sites amidst urban expansion is also a key focus. The Hang Luoc Flower Market stands as a testament to the beauty and heritage of Vietnam’s cultural traditions. Efforts to maintain such sites are essential in preserving the country’s rich history and identity.

As the Lunar New Year approaches, Prime Minister Pham Minh Chinh has embarked on visits to various regions, including Thanh Hoa. These visits serve as a symbol of solidarity and support for communities across the nation during the festive season. Additionally, various initiatives are being promoted to encourage environmentally friendly practices, such as embracing alternatives to plastics for a sustainable future.

The United Nations Secretary-General has extended his greetings for the upcoming Lunar New Year, emphasizing the importance of unity and cooperation in building a better future. Amidst efforts to strengthen coastal resilience to climate change, Vietnam and the UNDP are collaborating to implement sustainable solutions to protect vulnerable coastal areas.

Businesses are also encouraged to adopt environmentally, socially, and governance (ESG) principles, promoting responsible practices for long-term sustainability. These initiatives aim to create a more conscious and ethical business environment in Vietnam.

As the country prepares for the Lunar New Year celebrations, various arrangements are being made to facilitate smooth travel for individuals returning home for the holidays. Special programs, such as offering free rides to workers in Hanoi, aim to ease the burden of travel during this festive period.

In conclusion, Prime Minister Pham Minh Chinh’s directive to address real estate manipulation and speculation signifies the government’s commitment to ensuring a stable and thriving real estate market in Vietnam. By implementing targeted measures, preserving cultural heritage, and promoting sustainable practices, Vietnam is poised to embark on a path of growth and development in the real estate sector.