Vietnam deputy PM urges curbs on property speculation and more housing supply

Vietnam's Standing Deputy Prime Minister Pham Gia Tuc called for stronger measures against property speculation and price manipulation at a housing policy meeting in Hanoi on 13 October 2026. He also urged officials to resolve stalled projects and expand the supply of housing people can afford.

Tuc instructed the Ministry of Construction to examine sanctions for land that remains unused or whose development has been delayed. He asked the ministry to incorporate feedback from legislative and government bodies into proposed revisions to housing and real estate business laws.

The State Bank of Vietnam was asked to guide lenders towards easier financing access, direct credit into social and rental housing, and work to reduce lending rates while maintaining tight controls on property-related credit risks.

Deputy Minister of Construction Nguyen Van Sinh reported that about 5,012 projects nationwide still had unresolved obstacles. Reports covering 27 of Vietnam's 34 provinces and cities put third-quarter property inventories at around 51,950 units and plots, higher than in the preceding quarter. Resale apartment and land plot prices had tended to fall from the second quarter but remained high in major cities.

During the first nine months of 2026, 170 social housing projects delivering 46,962 units were completed, while work started on 128 projects comprising 183,293 units. Rental housing completions reached 8,314 units by the third quarter's end, representing 48% of the annual target.

Tuc said provincial and municipal leaders would be accountable to the Prime Minister for meeting assigned housing targets. Local authorities were also told to assess demand, provide suitable land with infrastructure and simplify procedures for projects.