Prime Minister Pham Minh Chinh has urged authorities to rein in commercial housing prices, particularly for apartments, stressing that prices should better reflect household income levels, prevailing economic conditions, and market fundamentals.

Prime Minister Pham Minh Chinh issued an official dispatch on October 7, directing ministers, heads of ministry-level and Government agencies, and chairpersons of provincial and municipal People’s Committees to resolutely implement measures to increase housing and real estate supply, reduce prices, and stabilise the market.