The scarcity of affordable housing is a factor that pushes prices up, according to an economist.

Việt Nam’s housing market is facing pressure with soaring prices, making HCM City and Hà Nội, the country’s two business and financial hubs, among Asia’s least affordable cities for homebuyers, according to a report by property consultancy CBRE.

Deputy Prime Minister Trần Hồng Hà stressed that proven and essential practical issues should be incorporated into the draft Law on Urban Development Management, while also providing directional regulations for new and evolving content to unlock resources and drive growth.

Bình Định Province will build a road connecting the North – South Expressway to its upcoming Phù Mỹ Industrial Park and Phù Mỹ Port.

PM Phạm Minh Chính highlighted the urgent need for an additional dual-use airport in the Red River Delta, a key economic engine of northern Việt Nam with Hà Nội at its centre.

The Hà Nội People’s Committee has submitted a proposal to the municipal People’s Council for approval of investment plans and adjustments to several public investment projects, including the three bridges.

With the new decision approved by the Ministry of Transport, Bắc Ninh Province will have four inland ports of Tân Chi, Quế Võ, Yên Phong and Gia Bình.

The development of urban railways to meet the demands of passenger transport is a fundamental solution to solve congestion, environmental pollution and urban traffic accidents.

The new land price frameworks, introduced under the 2024 Land Law, aim to align land prices with market values, but sudden price hikes in some areas have raised concerns in the real estate sector.

The installation of these signs is aimed at facilitating residents’ commutes and easing traffic jams.

As Tết approaches, real estate companies in Việt Nam are boosting demand with promotions, while preparing for an increased property supply to meet rising demand.