Vietnamese Prime Minister Nguyen Tan Dung has ordered the Ministry of Construction to focus on the development of low-cost housing projects as many workers are struggling to find a home.

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Target affordable housing for urban needy: PM Dung

Recent declines in property prices are actually a positive sign as it means many people will have better opportunities to afford the home they want, the Ministry of Construction says in a new report.

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Falling home prices in Vietnam a positive development: ministry

A herd mentality among developers is to blame in large part for the ongoing slump in the housing market, but the government has also been inconsistent in its management of the sector, Construction Minister Trinh Dinh Dung says.

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Vietnam’s property firms should aim to meet real demand: minister

Russia agreed to lend Vietnam as much as $9 billion to fund the construction of the Southeast Asian nation’s first nuclear power plant as the countries deepen their economic ties.

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Russia to lend Vietnam $9 billion for first nuclear plant

Construction of the $7.5 billion Nghi Son oil refinery, Vietnam’s second such facility, is likely to be delayed until the first quarter of 2012 instead of the last quarter this year, a senior executive from one of the contractors said on Thursday.

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Vietnam 2nd refinery construction delayed to Q1 2012

Construction of the $7.5 billion 200,800-barrel-per-day Nghi Son oil refinery, Vietnam’s second, will start in the last quarter of this year after a half-year delay, state oil and gas group Petrovietnam said on Tuesday.

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Petrovietnam to start Nghi Son refinery construction in Q4

Hyundai Engineering and Construction, South Korea’s largest builder, said Tuesday it has won a US$1.46 billion (S$1.76 billion) order to build two power plants in Vietnam.

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S. Korea builder wins $1.76 bln order from Vietnam

Vietnam is planning to require residential developers to earmark at least 80 percent of their project sites for apartments, Minister of Construction Nguyen Tran Nam said.

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Vietnam to promote apartments, restrict villa projects

Speculative trading is widespread in the real estate sector and it’s necessary to ensure bank credit is not just benefiting speculators, Minister of Construction Nguyen Hong Quan said.

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Housing speculation rampant in Vietnam: official

The ongoing capital crunch has had a significant impact on the construction industry, reducing further the competitiveness of local contractors in the domestic market.

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Capital dearth blunts local contractors