
Vietnam to introduce new taxes on real estate to curb speculation
Prime Minister Pham Minh Chinh has directed the Ministry of Finance to develop policies to limit real estate speculation and improve oversight of construction projects.
Prime Minister Pham Minh Chinh has directed the Ministry of Finance to develop policies to limit real estate speculation and improve oversight of construction projects.
Prime Minister Pham Minh Chinh signed an official dispatch on January 15, ordering ministries, sectors, and localities to strengthen oversight and address real estate market manipulation and speculation.
Property prices have been on the rise, causing economists and industry insiders to support stronger tax measures to keep prices in check while urging caution in their implementation.