According to the Kon Tum Department of Natural Resources and Environment, “land fever” was experienced in certain localities in the central highlands’ province from mid-2021 to the opening months of 2022, after false information had spread. In the second quarter, though transaction volumes for land plots have rebounded, the land price remains flat and largely unchanged from the first quarter. Of note, social housing is gradually attracting more attention.

Ho Chi Minh City leaders have sent an urgent petition proposing the Prime Minister give approval for the city to develop and issue a land price adjustment coefficient in accordance with the actual situation in the city, which will then be submitted to the Ho Chi Minh City People’s Council for approval.

The coefficient for land price adjustments in Ho Chi Minh City and neighboring Dong Nai province in 2022 will be the same as in 2021. This will therefore be the fourth year in Ho Chi Minh City and the second in Dong Nai that the coefficient has not changed.