The project aims to construct a wastewater collection system and transfer pump stations to create a separate drainage system around West Lake.

Hà Nội will relocate many households and government offices around the historic area of Hoàn Kiếm Lake, a symbolic landmark in the downtown centre and a popular tourist attraction, to build a square-park.

The Hanoi People's Committee Office on March 11 issued Notice No.118/TB-VP, summarising the conclusions of Duong Duc Tuan, Vice Chairman of the Municipal People's Committee, at a meeting on planning and renovating the space in the eastern area of Hoan Kiem Lake.

HCM City plans to auction a 26-hectare site in Tân Phú District this year to facilitate Transit-Oriented Development (TOD) linked to its second metro line, which connects Bến Thành Market in District 1 to Tham Lương Depot in District 12.

The Hai Phong government held a ceremony on March 11 to kick off construction of the Tan Vu-Hung Dao-Bui Vien section of its second ring road to enhance the port city’s road capacity.

On March 9, Deputy Prime Minister Nguyen Chi Dung and members of the Government's Working Group No.2 inspected the construction progress of the North-South Expressway component projects, Bai Vot -Ham Nghi, Ham Nghi-Vung Ang, and Vung Ang-Bung.

In the last three months HCM City has issued land use rights and property ownership certificates (pink books) for tens of thousands of apartments, its Department of Natural Resources and Environment said.

2025 will serve as a crucial foundation year for the real estate sector in HCM City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, expert predicted.

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.