Resolutely handle acts of creating virtual prices and profiteering in land auctions

CAO NGUYÊN |

The Prime Minister requested that virtual price creation, speculation, and profiteering in land auctions must be resolutely handled, not allowing people to be scammed.

On the afternoon of May 24, Politburo member and Prime Minister Pham Minh Chinh chaired a working session of the Government Standing Committee with ministries, branches, associations, banks, and enterprises on the real estate market situation.

Prime Minister Pham Minh Chinh requested Deputy Prime Ministers in charge of the fields to direct relevant ministries and branches to continue reviewing and proposing that the National Assembly issue a resolution to remove obstacles and inadequacies in the law related to real estate, especially those of a "leverage and supporting" nature.

Along with that, reviewing and fixing decrees and circulars in the form of shortened to the real estate market to develop safely, healthy, sustainable, fair, suitable to the country's conditions and with the income of the people, ensuring the right to have the residence of the people, to achieve the goal of all people with accommodation.

Prime Minister Pham Minh Chinh requested ministries and branches to study and remove obstacles to reduce costs, reduce real estate prices; increase supply to increase people's access to real estate.

Uy vien Bo Chinh tri, Thu tuong Chinh phu Pham Minh Chinh. Anh: VGP/Nhat Bac.
Politburo member and Prime Minister Pham Minh Chinh. Photo: VGP/Nhat Bac.

Prime Minister Pham Minh Chinh directed the strict implementation of decentralization and delegation of authority according to the 2-level local government model; cutting administrative procedures, resolutely eliminating cumbersome and unnecessary procedures; abolishing unnecessary and inappropriate standards and regulations; building practical and effective policies for home buyers.

"We must resolutely handle acts of creating virtual prices, speculation, and profiteering in land auctions, and defrauding the real estate market, not allowing people to be scammed" - the Prime Minister emphasized.

The Prime Minister also requested to promote a sense of responsibility and patriotism so that the real estate market can develop quickly, sustainably, healthily and long-term; ensure people have equal access to housing, contributing to improving the spiritual and material life of the people.

CAO NGUYÊN
TIN LIÊN QUAN

Local land fever in many localities warns of speculative risks and virtual price increases

|

Recently, land prices have increased rapidly in many localities such as Bac Giang, Phu Tho, Hai Phong... causing the real estate market to fall into a hot fever.

Transparency at real estate trading floors to prevent speculation and fraud

|

Hanoi is requesting inspection and review of real estate trading floors in the area. At the same time, classifying floors that are qualified and unqualified to operate.

Eliminate speculation by taxing real estate based on ownership period

|

The proposal to tax personal income from real estate transfers based on ownership period is receiving attention.

Hour 9: Playing wildly with Love - Part 1

|

The 9th hour, issue 159 - A beautiful 26-year-old girl, talented, mistakenly fell in love with a dating guy. Can they be happy together?

Supreme leader on TV, declares Iran will not surrender

|

Iran's Supreme Leader Ayatollah Ali Khamenei affirmed on June 18 that "the Iranian people are not a subject nation".

The Minister of Construction talks about private investment in railway development

|

The Minister of Construction said that there should be no need to worry about the possibility of private investors being sold to foreign countries when allowing them to participate in railway development.

16 Vietnamese citizens return home from Iran

|

On June 18, 2025, 16 Vietnamese citizens in Iran returned home, the remaining 11 citizens were still kept in touch regularly.

Thailand U19 Women's Team Wins 2025 Southeast Asian U19 Women's Championship

|

On the evening of June 18, the Thai U19 women's team won 3-1 against the Vietnam U19 women's team to win the 2025 Southeast Asian U19 Women's Championship.

Local land fever in many localities warns of speculative risks and virtual price increases

Phan Anh |

Recently, land prices have increased rapidly in many localities such as Bac Giang, Phu Tho, Hai Phong... causing the real estate market to fall into a hot fever.

Transparency at real estate trading floors to prevent speculation and fraud

ANH HUY |

Hanoi is requesting inspection and review of real estate trading floors in the area. At the same time, classifying floors that are qualified and unqualified to operate.

Eliminate speculation by taxing real estate based on ownership period

Như Hạ |

The proposal to tax personal income from real estate transfers based on ownership period is receiving attention.