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Wednesday, May 28, 2025

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Striking a balance for property market stability

A proposed capital gains tax on property sales has sparked mixed views, with experts calling for clear rules and reliable data to protect market liquidity and support affordable housing. Clear policies needed for targeted taxation Experts say the proposed capital gains tax on property transactions serves three main purposes: boosting state revenue, more accurately reflecting actual profits compared to the current flat 2% transfer tax, and improving fairness by taxing higher earners at higher rates. The tax could help regulate the market by discouraging speculation and promoting transparency, said Giang Huynh, research director at Savills Vietnam. Dinh Minh Tuan, director of Batdongsan.com.vn, told The Saigon Times that while the tax might encourage long-term ownership in a market short on affordable housing, introducing it too soon could deter small investors and delay transactions. Over time, however, it could foster a more stable and sustainable real estate environment. The timing and implementation of the proposed 20% tax are critical, particularly given the market’s fragile recovery. Hoang Thi Minh Ngoc, director of property platform Nha Tot, warned that determining taxable profits remains challenging, especially for long-held assets where original purchase prices are unclear or undocumented. From a digital platform perspective, Ngoc emphasized the […]
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Don’t hesitate between two paths

The real estate market is currently in a sensitive phase, where any proposed policy could have unintended consequences. “We must proceed with utmost caution....

Construction Ministry urges faster pace for social housing projects

HCMC – The Ministry of Construction has urged provinces to accelerate social housing development due to slow progress and procedural bottlenecks, reported the Vietnam...

Artificial land fever: Time for a reality check

It must be acknowledged that there is a genuine demand for housing among officials and public employees relocating from merged provinces to new administrative...

Positioning for the next growth wave

Vietnam remains a key destination for foreign investors amid global supply chain realignments. However, the country must improve both hard and soft infrastructure to...

FDI into real estate sector surges in Q1

HCMC - New foreign direct investment (FDI) approvals in Vietnam’s real estate sector totaled nearly US$10.98 billion in the first quarter of this year,...

Social housing projects offer 4,000 new units in Q1

HCMC — Eleven new social housing projects were completed nationwide in the first quarter, adding 4,155 social housing units to the market, according to...

A long road ahead

Vietnam’s real estate sector is increasing its supply of green-certified projects as part of efforts to achieve the country’s net-zero target by 2050. However,...

New policy to revive stalled housing projects in HCMC

HCMC – Two new decrees just issued by the central Government will allow HCMC resolve the bottlenecks faced by 343 commercial housing projects of...

A perspective on national housing fund model

“The National Housing Fund should not only focus on social housing (for low-income groups) but also support housing for lower-middle-income earners. For the fund...

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