Vietnam’s housing market is facing pressure with soaring prices, making Ho Chi Minh City and Hanoi, the country’s two business and financial hubs, among Asia’s least affordable cities for homebuyers, according to a report by property consultant CBRE.

VOV.VN - Vietnam is striving to build 130,000 apartments for low-income earners and workers in industrial parks this year in line with a Government Resolution issued in January 2024, said the Ministry of Construction.

VOV.VN - The Prime Minister has approved a plan to build more than a million apartments for low income earners in urban areas and workers in industrial parks nationwide for 2021-2030.

VOV.VN - Prime Minister Pham Minh Chinh hailed efforts made by the banking sector on August 4 in terms of digital transformation due to their diverse range of products and services for both people and businesses.

The State Bank of Vietnam (SBV) will give flexible and suitable management to guide credit resources to business and production activities and create favourable conditions for workers and low-income earners to access capital for house purchase, Governor Nguyen Thi Hong said on August 1.

Prime Minister Pham Minh Chinh chaired a conference on August 1 to discuss measures to expand social housing facilities for workers and low-income earners.