In Dispatch 469/CD-TTg, Prime Minister Pham Minh Chinh suggested that ministries, sectors and businesses... join forces to overcome difficulties and challenges to develop a healthy "Real Estate" market.

Deputy Prime Minister Tran Hong Ha has just signed on behalf of the Prime Minister to issue Official Letter 469/CD-TTg on dismantling and promoting the safe, healthy and sustainable development of the real estate market.

According to the official, the real estate market has faced many difficulties recently due to several objective reasons, such as epidemics, market growth cycle, reduced economic growth, and market difficulties.

Besides, there are mainly subjective reasons such as the slow formulation, approval and adjustment of the planning; adjustment of investment projects still facing problems; slow project implementation; access to credit capital, bonds, and securities is still tricky; market information is not transparent enough; unreasonable structure of real estate products; The law is still overlapping, the application of the law is still inconsistent and synchronous.

Faced with that situation, the Prime Minister requested ministries, branches, localities and enterprises to focus on solving problems according to the principle that the issues falling within the competence of any level must be resolved by that level.

The Ministry of Construction is assigned to assume the prime responsibility for and coordinate with the Ministry of Planning and Investment in guiding localities to remove difficulties and obstacles in formulating and approving master plans; the planning adjustment before June 15.

For difficulties and problems in arranging land funds for social housing development, the Ministry of Construction shall guide localities to deal with them by law; coordinate with the State Bank to implement a credit program of VND 120,000 billion.

On the side of the State Bank, direct banks to reduce deposit and lending interest rates; create favourable conditions for real estate project investors and home buyers to access credit capital; strengthen inspection and urge credit institutions to implement solutions to support and promote the development of the real estate market.

The Ministry of Natural Resources and Environment was assigned to advise and submit to the Government for promulgation a Decree amending and supplementing Decree No. 44/2014/ND-CP stipulating land valuation methods; building and adjusting land price brackets and land price lists; specific land valuation; submit to the Government for promulgation before June 30.

The Ministry of Planning and Investment shall assume the prime responsibility for and coordinate with ministries in guiding localities to remove difficulties and obstacles for real estate projects implemented in the form of BT contracts before the PPP law abolishes BT contracts. BT contract, completed before May 30.

At the same time, the Ministry of Finance promptly took effective solutions to promote the development of a healthy and sustainable stock market, soon completing the report on the situation of the corporate bond market in 2023.

In addition, the Prime Minister also directed the Chairman of the local People's Committee to focus on reviewing the problem projects in the area to promptly remove and actively work directly with each business and each project that has problems. Problems or slow implementation to clearly identify the causes, promptly remove difficulties, and not abuse the consultation of central agencies to avoid responsibility.

The Prime Minister calls and proposes ministries, branches, localities, people, businesses and related entities to join forces to overcome difficulties and challenges and promote the safe development of the real estate market. , healthy, and sustainable.

VIPROPERTY CO.,LTD
Mua bán, Cho Thuê, Quản lý, Thiết kế & cung cấp nội thất căn hộ chung cư.
PURCHASING, LEASING, MANAGEMENT, FURNISHING APARTMENT
购买、出租、管理、设计与家具供应。
☎ Hotline: (+84) 986 888 100
✉️ info@viproperty.vn

📍Shophouse 15, HR1A tower, Eco Green Saigon, Nguyen Van Linh street, District 7, Ho Chi Minh city
----------------