According to the report of the Ministry of Construction, in the first months of 2025, the real estate market has had many improvements, accordingly, the supply and volume of real estate transactions (RE) have increased compared to the same period in 2024.
However, the development of the real estate market is not yet commensurate with the potential due to existing problems, which hinder the development of the market.
One of the reasons pointed out is limited supply, not meeting market demand, unbalanced product structure, and lack of housing suitable for the needs of workers and young people.
In addition, real estate and housing prices are not suitable for the needs of those in need; there are still cases of speculation, manipulation, price inflation, and market manipulation.
In Notice No. 294/TB-VPCP dated June 9, 2025, concluding the Government Standing Committee at the meeting on the real estate market situation, the Government Standing Committee requested to review and immediately clarify the causes of increased real estate price structure (land price, raw material price, loan interest...).
At the same time, urgently have a plan to reduce factors that increase real estate prices, increase access to real estate more and increase supply.
Focus on cutting back on overlapping and unnecessary administrative procedures, immediately eliminating complex paper and dossier requirements, ensuring a minimum reduction of 30% of the time to handle administrative procedures, 30% of the cost of complying with administrative procedures in accordance with the Government's requirements for the implementation of real estate projects.
In particular, studying the reduction of procedures for investment policy approval, project appraisal, and design, especially procedures for granting construction permits, inspecting acceptance work, reducing pre-inspections, and strengthening post-inspections.
The Government Standing Committee requests Ministers, Heads of ministerial-level agencies, government agencies and Chairmen of People's Committees of provinces and centrally run cities to review, amend and immediately abolish inappropriate and conflictive regulations and standards that create costs such as regulations on planning, parking space and fire prevention.
Research and develop support policies for home buyers with real needs, young people, increase people's access to housing and real estate so that people can exercise their right to housing according to the provisions of the Constitution.
Strictly handle organizations and individuals who take advantage of auctions to increase land prices, affecting and blocking real estate development.
Study regulations on site clearance in accordance with reality, consider the effectiveness of implementation between enterprises or the state to propose appropriate solutions, ensuring progress and efficiency in project implementation.
Continue to review backlog projects with difficulties and obstacles to report to the Steering Committee to remove difficulties and obstacles for projects according to Decision No. 751/QD-TTg dated April 11, 2025 of the Prime Minister (Steering Committee 751), propose mechanisms for resolution.
Research and develop real estate projects in diverse segments and diverse real estate products to increase buyer access, reduce costs, increase supply, and give people more options suitable for their abilities.
Planning work needs to focus on arranging central locations to develop long-term production, business and services, for functional housing development areas, it is necessary to fully arrange technical infrastructure and social infrastructure in areas to ensure compliance with land requirements.
Resolutely handle speculative behavior, price inflation, and providing false information with the purpose of creating a virtual fever and defrauding people for profit.
