Vietnam

Vietnam Net - E | English | News | Dec. 5, 2025 | UndeterminedPolitical Policy Resistance

The social housing market in Vietnam faces critical challenges as prices rise sharply, pushing homeownership beyond the reach of low-income workers, particularly migrants in cities like Ho Chi Minh City. Increasing costs for rent and utilities have strained workers’ finances, making it difficult to save for a home despite strong demand. The Vietnam Social Housing Report 2023 indicates that home prices are about 20 times higher than average annual income per capita, with an estimated demand shortfall of over 1 million units, or 51 percent of total need, by 2030.

Current social housing policies exhibit significant limitations as procedures for land preparation, project designation, and investor selection are prolonged and inconsistent across localities. Developers face high input costs, complex investment procedures, and unstable financing options, compounded by low-profit margins enforced by price ceilings. The lack of clear eligibility verification for informal workers further complicates access to social housing.

Experts propose several solutions to address these issues, including preparing cleared land with preferential land-use coefficients and introducing supplementary development rights in height-restricted areas to enhance flexibility and reduce state budget pressure. They also recommend government-backed preferential credit packages for developers and buyers, encouraging social bonds to finance projects, and creating streamlined, transparent one-stop mechanisms for legal and administrative procedures in social housing development.

Vùng Cảnh sát biển 2 xử phạt 87 tàu cá vi phạm quy định về khai thác thủy sản

Bao Dien Tu | Local Language | News | Dec. 5, 2025 | Regulation

From October 15 to December 2, Coast Guard Region 2 coordinated with local authorities and military commands in Quảng Trị, Quảng Ngãi, Gia Lai, and Đà Nẵng to launch an intensive campaign against illegal, unreported, and unregulated (IUU) fishing. The campaign involved organizing 247 legal outreach sessions targeting thousands of residents, boat owners, and fishermen to disseminate information and raise awareness on combating IUU fishing.

The region deployed 23 vessels for patrol, inspection, and control missions, inspecting 306 fishing vessels at sea. As a result, 87 vessels were fined for violating fisheries exploitation regulations, and 4 vessels were detained due to serious or suspected violations. Outreach efforts also reached 399 fishing vessels with over 3,100 crew members, aiming to educate those involved in fishing activities about compliance with legal and regulatory frameworks.

Looking ahead, Coast Guard Region 2 plans to intensify patrols, inspections, and preventive measures to completely eliminate IUU fishing violations before the European Commission's upcoming fifth inspection visit. Coordination with Border Guard forces and Fisheries Departments will be strengthened to manage vessel activity near boundary lines and ports. The region will continue extensive publicity and legal education to promote adherence to state laws and protect the country’s maritime sovereignty and security.

Bất động sản Trung Quốc dò chưa đến đáy

VN Express | Local Language | News | Dec. 5, 2025 | UndeterminedReal Estate

Sales of the top 100 Chinese property developers dropped 36% in November 2025 compared to the same period in 2024, with home sales for the first 11 months falling 19%. Secondary home prices in 100 surveyed cities decreased 7.95% in November, worsening from October, driven by high home inventories and weak buyer demand. Analysts from Goldman Sachs, Morgan Stanley, and Daiwa Capital Markets warn of ongoing deterioration in the real estate market, predicting that the current slump may persist into spring 2026.

China Vanke, a major real estate firm, requested a one-year payment deferral on bonds due in December 2025, prompting concerns about liquidity and potential widespread sector restructuring. Authorities required Vanke to provide collateral for loans totaling around 20 billion renminbi, and S&P Global downgraded its long-term credit rating to "CCC-", citing high restructuring risks within six months.

The real estate downturn follows five years of decline since the introduction of the "three red lines" borrowing restrictions, with government stimulus measures, including a 300 billion renminbi fund to purchase unsold apartments, proving insufficient. The stock of completed but unsold housing increased to 762 million square meters by August 2025, creating downward pressure on prices and resulting in a negative feedback loop of falling prices and cash flow problems for developers.

To counter this, experts recommend subsidizing mortgage interest rates to stimulate sales, with Morgan Stanley suggesting a 1 percentage point rate cut in Q2 2026 to aid market recovery. The Economist Intelligence Unit forecasts that effective limits on land supply and reduced apartment inventories could help home prices stabilize and hit bottom by the first half of 2027.