Individuals and households would be permitted to build their own houses under urban development investment projects provided that they comply with the land and real estate business laws.

Despite controversies about the Ministry of Construction (MOC)’s proposal to set a limited term of ownership over apartments, such option still appears in the second draft of the amended housing law.

Amid fluctuations in the world situation, especially the increase in interest rate, soaring inflation and tightened monetary policies, the Government will stay consistent with the targets of maintaining macro-economic stability, reining in inflation, promoting growth and ensuring major economic balances in the rest of the year.

Prime Minister Pham Minh Chinh underlined the need to pay special attention to removing "bottlenecks" on the real estate market while chairing an online conference on July 14 on measures to ensure safe, healthy and sustainable development of the property market.

The Ministry of Construction recently submitted to the Government a set of policy options for revision of the 2014 Housing Law of which the most controversy one is the idea of setting a definite term for apartment ownership.

The Government on May 20 issued Decree 31 on interest rate support from the state budget for loans borrowed by enterprises, cooperatives and business households.

The Government has recently requested the Ministry of Labor, Invalids and Social Affairs (MOLISA) to direct localities to flexibly relax regulations and conditions for grant, extension and certification of work permits for foreign workers in Vietnam in response to the new situation amid the COVID-19 pandemic.

Prime Minister Pham Minh Chinh has signed a decision to assign tasks to himself and four deputy PMs. The Prime Minister fully performs the tasks and powers prescribed by the Constitution and the Law on Government Organization.