Vietnam eyes higher taxes to curb real estate speculation

Parliament to consider levy on second homes as debt risk soars

20230522N Vietnam apartment REUTERS

A construction site for an apartment building in Hanoi. Vietnamese housing sales have stalled due to high interest rates. © Reuters

YUJI NITTA, Nikkei staff writer

HANOI -- Vietnamese lawmakers are set to debate legislation addressing the real estate market as the National Assembly opened its new session Monday, looking to discourage speculative property investments as corporate default risks pile up.

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