24h Market: Piloting online real estate, Vietnam's economy grows strongly

Online Real Estate: A turning point for a more transparent market

The Ministry of Construction has just submitted to the Government a project to establish an online real estate transaction center from 2026. The goal is to bring real estate transactions into a formal, transparent channel, limiting speculation and price inflation.

The center will integrate real estate buying, selling, leasing, and transferring activities. Viettel is assigned to build digital infrastructure with blockchain technology, AI, and big data to manage identities, prevent counterfeiting, and reduce procedural costs. All data will also be updated on the National Information Portal.

The pilot phase lasts from 2026 to 2027, applied nationwide to the following types: existing housing, future housing, land use rights with infrastructure and encrypted residential land. This is considered a "turning point" in digital transformation in the real estate sector, promising to create a more transparent and sustainable investment environment for the 24-hour market.

Hanoi after Storm Bualoi: Overloaded vehicles repaired due to 65 flooded spots

The impact of storm No. 10 caused 65 flooded spots in Hanoi on September 30. Many streets were submerged in water, paralyzing traffic. A series of vehicles stalled, forcing people to push their vehicles to repair shops, creating an unprecedented long queue.

At shops in Truong Cong Giai, Kim Ma, De La Thanh... customers have to wait 30-60 minutes for their turn. The price to repair a flooded motorbike is 200,000 VND, a scooter is 500,000-700,000 VND, even several million VND if the damage is severe.

Mr. Hoang, a motorbike taxi driver, lamented: “The price is high but we still have to repair the vehicle because it is our livelihood.” Meanwhile, many repair shops admit that they are overloaded and cannot meet all the demand.

Vietnam's Economy: Growth Still Breakthrough

In a newly released report, the Asian Development Bank (ADB) raised its forecast for Vietnam's GDP growth in 2025 to 6.7%, higher than its previous forecast. UOB Bank (Singapore) also gave the figure of 7.5%.

The main driver is a surge in exports ahead of the new US tariffs, combined with domestic stimulus policies. However, the ADB also lowered its 2026 forecast by 6% due to the impact of Washington's reciprocal tariffs.

To maintain growth momentum, Vietnam needs to continue legal reforms, boost the domestic market and diversify exports, according to experts. If successful, the economy will reduce its dependence on major markets and maintain long-term stability.

E-commerce: Tightening responsibilities of online platforms and livestreams

The National Assembly is discussing a draft Law on E-commerce with many new regulations. A notable point is the requirement that online platforms and livestreaming platforms be held responsible if fake or poor quality products are sold or promoted.

In addition to publicizing seller and product information, platforms must compensate consumers when they suffer losses. At the same time, dispute resolution mechanisms need to be simple, low-cost and can be processed quickly in an electronic environment.

This is considered a strong move to control counterfeit goods, protect consumers and clean up the e-commerce market, which is booming with hundreds of thousands of livestream sessions every day.

Finance - Banking: Debate on gold insurance and USD deposits in banks

Another hot spot in the 24-hour market is the draft revised Law on Deposit Insurance. Many delegates proposed expanding insurance coverage to gold and foreign currencies to attract capital from the people. However, the State Bank is concerned that this will promote “dollarization”, making monetary policy difficult.

The draft still maintains the provision of only insuring deposits in Vietnamese Dong. However, the National Assembly will continue to discuss this issue at its October session, as it directly affects the psychology of depositors and the safety of the banking system.