State will regulate Vietnam property market if prices increase by 20%

HANOI: If prices in the real estate market increase by more than 20 per cent for three months, ministries and branches managing the property market have to propose measures to regulate the market.

Intervention in response to increases in the real estate transaction price index, is one of important contents of Decree 96/2024/NĐ-CP (Decree 96), effective from Aug 1.