Promote information to improve the real estate market

In particular, recently there have been many false rumors that have caused anxiety and stimulated the tendency to behave according to crowd psychology, creating market turmoil and harming the interests of investors and businesses, even threatening the overall stability and health of the real estate market and the stock market, causing negative pressure on the flow of social investment capital and the overall stability of the economy.

Therefore, it is necessary to strengthen propaganda and provide accurate and timely official information to individual investors, especially information about the real estate market, real estate business projects, the Enterprise Law, the Securities Law and related regulations and state management actions so that investors participating in the market can make the right choices, consider and take responsibility for their investments in an equal operating environment between investors, enterprises and issuers.

T&T Victoria project in Vinh city. Photo courtesy

Information and propaganda work should aim to raise awareness of the law and strictly handle false, misleading and fake rumors in the real estate market and financial markets related to real estate.

Management agencies and the press need to strengthen their responsibilities and coordinate closely in monitoring compliance activities, identifying, catching and handling errors, and providing information on correcting violations in corporate bond issuance, especially the issuance of individual bonds by real estate enterprises, credit institutions related to real estate enterprises, enterprises with large issuance volumes, high interest rates, enterprises with loss-making business results, enterprises issuing without collateral or collateral of poor quality, etc.

The authorities also need to strengthen close coordination and provide information, records and documents during the inspection, examination and investigation of cases, give early warnings and have timely solutions to handle risks that may arise, stabilize investor sentiment and ensure market safety.

In addition, it is necessary to soon develop specialized institutions and widely disseminate information on credit rating results of real estate enterprises and corporate bonds in Vietnam to diversify the objective basis and reliability for investors' decision-making and help make the market transparent.

Handling violations in the real estate market and the stock market related to real estate is only individual and separate. This is a necessary action to protect the rights of investors and issuing enterprises, stabilize the capital market, financial market and stock market, and contribute to promoting the development of the economy.

In particular, during that process, the authorities also need to thoroughly grasp the Prime Minister's direction on not abusing or criminalizing civil and economic relations in the stock market; even investors or businesses that have committed violations will be given conditions to correct and stabilize production and business, in order to help businesses develop again, protect the rights of investors and shareholders and jobs for workers, maintain the momentum of economic recovery and development...

In other words, "cleaning up the muddy waters" and "catching worms and pulling out weeds" are necessary, but "catching rats without breaking the vase" is also an urgent practical requirement in the management and information dissemination of the healthy and sustainable development process of the real estate market in general in our country.

As the highest and most sensitive institutions of the market economy, the real estate market and the stock market are like precious crystal vases that need to be reinforced and well protected. Strictly handling violations to clean up the real estate market and the corporate bond market also means creating favorable conditions to promote the potential and develop the market in a healthy, safe and positive manner.

These two requirements are both urgent and parallel to each other to ensure that the activities of issuing, investing and using corporate bond capital in particular, and the activities of issuing, buying, selling and transferring securities in general closely follow and respond well to market demand, ensuring transparency, stability, compliance with legal regulations, correct purposes, principles and rules of the market economy; aiming at the goal of stabilizing and continuing to recover and develop the economy both macro and micro, in the short and long term, contributing to the development of the capital market in general and the real estate market in particular.

Guests attend the introduction of a new real estate project in Vinh city recently. Photo courtesy

The requirement of “hitting a mouse without breaking the vase”, handling violations without causing stagnation or collapse of the corporate bond market and related real estate market, is even more important in the coming time, when bank credit for the real estate sector is being tightened, and the real estate market has, is and will continue to contribute positively to the recovery momentum, increasing economic growth in the context of the “new normal - post-Covid”…!

In particular, the press promptly reflects and proposes solutions to the Government, ministries, branches and localities to contribute to promptly removing difficulties for businesses and developing the real estate market.