Hanoi, May 24 -- Prime Minister Pham Minh Chinh has ordered a clampdown on price inflation and speculative practices in the domestic real estate market, stressing the need to protect people's access to affordable housing.

Chairing a working session in Hanoi on May 24 between permanent Government members and representatives of ministries, agencies, associations, banks and businesses, PM Chinh directed Deputy PMs to prompt ministries and agencies to draft resolutions for the National Assembly. These resolutions, he insisted, must dismantle the legal obstacles hampering the real estate sector.

He called for revising decrees and regulations to foster a safe, healthy, sustainable, and equitable real estate market tailored to Vietnam's socio-...