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The Finance Ministry's proposal to impose a 20% tax on property transfer profits has received support from the Ministry of Construction as a measure to curb property speculation. However, experts argue that without a clear roadmap for the taxation process, the market could face adverse effects.

A total of 50 investors, including consortia, have submitted proposals to develop six social housing projects in the southern province of Dong Nai, mostly in the old Bien Hoa area. The projects, with a total investment of over VND6.8 trillion ($292.6 million), will be built on more than 13 hectares of land.

"In a recent development, four top executives at Petrosetco have signaled their intent to offload nearly 1 million PET shares between August 6 and September 4, through matching and negotiated transactions. This move comes as Hà Đức Hiếu, a member of the Board of Management at Dat Xanh Group, also registers to sell 6.355 million DXG shares to reduce his equity holdings."