Hanoi: Prime Minister Pham Minh Chinh has pressed for answers on why apartment prices remain persistently high and ordered clarification on whether real estate market manipulation, including hoarding, price rigging, and speculative practices, has occurred. PM Chinh, who is also head of the Central Steering Committee on the Housing Policy and Real Estate Market, chaired the committee’s first session in Hanoi on September 22 to review the sector’s performance over the first nine months of this year.
According to Vietnam News Agency, this move comes amid growing concerns about housing affordability and the potential impact of speculative activities on the broader economy. The Prime Minister’s directive aims to ensure transparency and fairness in the real estate market, with a focus on identifying any practices that may contribute to artificially inflated housing costs.