Hà Nội’s once red-hot apartment market is showing clear signs of cooling, with slowing liquidity and cautious buyers forcing many short-term investors to retreat after years of rapid gains.

Policy reforms in the coming period will focus on introducing more incentives to support the expansion of the rental housing sector, a Ministry of Construction official said at the Government’s regular press conference for May, held in Hà Nội on Wednesday.

In the remote borderland of Lai Chau Province, hundreds of engineers and workers are working around the clock at construction sites, transporting building materials across rugged mountains to build schools for children from ethnic minority communities living along the frontier.

HCM City is seeking investors for a new urban development project worth nearly VNĐ29.65 trillion (US$1.1 billion) in the city’s northwestern growth corridor, as authorities accelerate expansion along major regional transport routes.

HCM City aims to become one of the Asia-Pacific region's leading economic, financial and innovation hubs under a new master plan with a 100-year vision, as Việt Nam's largest metropolis seeks to manage rapid growth while preparing for long-term challenges such as climate change and global urban competition.

On June 1, as part of the Viet Nam–Philippines Business Forum held in Manila, the national flag carrier of Viet Nam exchanged cooperation agreements with several partners in the aviation, tourism, and trade sectors, under the witness of General Phan Van Giang, Deputy Prime Minister and Minister of National Defence.

Hà Nội authorities have proposed a new regulatory framework allowing conversion between social, commercial and resettlement housing projects in an effort to use more underutilised housing stock and respond more flexibly to market demand.

HCM City has expanded foreign access to its housing market, raising the number of eligible residential projects to more than 130 in a move aimed at supporting property demand and attracting overseas talent.

Hà Nội authorities have proposed easing plans for a low-emission zone in the city centre, dropping an earlier proposal to ban petrol-powered motorbikes from July 1 and instead encouraging riders to limit their use while the pilot scheme is rolled out.

Projects to build inter-level boarding schools in border communes are being accelerated for completion so they can be put into use before the 2026-2027 academic year.

Ho Chi Minh City currently has more than 7.5 million workers directly contributing to the city’s development. In recent years, to help workers feel secure in dedicating themselves to their jobs, the city authorities have been making efforts to implement housing policies, which have long been the dream and concern of many people.