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.

The Vietnam Association of Realtors (VARS) has proposed allowing foreigners to purchase and own houses, including private houses and apartments, in Vietnam during the time they work in the country.

Indonesia’s law enforcement agency will step up the implementation of measures to prevent speculation in cooking oil products in the context of inflation, Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan said on February 9.

Prime Minister Pham Minh Chinh has ordered the banking sector to tightly supervise capital flows into the real estate sector and the stock market to prevent speculation.