Vietnam’s Prime Minister Lê Minh Hưng has called for a shift in thinking regarding housing, moving away from the necessity of ownership towards securing long-term residency options. This statement came as part of a broader discussion on comprehensive measures to control escalating house and land prices. The Prime Minister emphasized the importance of protecting citizens’ property rights amidst the volatile real estate market. This new approach suggests a potential focus on rental and alternative housing solutions to address affordability concerns. The government aims to stabilize prices and ensure more Vietnamese citizens have access to secure and adequate housing. This policy change signals a potential evolution in Vietnam’s housing landscape, prioritizing access over strict ownership. Further details on specific implementation measures are expected.

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