Promoting information dissemination to create a healthy real estate market.

In particular, recently there have been many unfounded rumors causing anxiety and stimulating herd mentality, creating market volatility and harming the interests of investors and businesses, even threatening the overall stability and health of the real estate and stock markets, putting negative pressure on the flow of social investment capital and the overall stability of the economy.

Therefore, it is necessary to strengthen the dissemination of 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 state management regulations and actions, so that investors can make sound and thoughtful choices when participating in the market, and take responsibility for their investments in an environment of equal opportunities for investors, businesses, and issuers.

The T&T Victoria project in Vinh City. (Photo: Archival image)

Information and communication efforts should aim to raise awareness of the law and the results of strict handling of false, misleading, and fabricated rumors in the real estate market and the financial market related to real estate.

Regulatory bodies and the press need to strengthen their responsibilities and coordinate closely in monitoring compliance, identifying, detecting, and addressing violations, and providing information on corrective actions in the issuance of corporate bonds, especially private placements by real estate companies, credit institutions related to real estate companies, companies with large issuance volumes and high interest rates, companies with business losses, and companies issuing bonds without collateral or with substandard collateral…

Authorities also need to strengthen close coordination and provide information, records, and documents during the inspection, examination, and investigation of cases, provide early warnings, and have timely plans to handle potential risks, stabilize investor sentiment, and ensure market safety.

Furthermore, it is necessary to promptly develop specialized institutions and widely disseminate information on the results of credit ratings for real estate and corporate bonds in Vietnam to diversify the objective basis and reliability for investors' decision-making and to help increase market transparency.

Handling violations in the real estate market and the securities market related to real estate is an isolated and individual action; it is a necessary measure to protect the rights of investors and issuing companies, stabilize the capital market, financial market, and securities market, and contribute to the development of the economy.

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

In other words, while it's necessary to "clean up the mess" and "remove the weeds," "catch the worms and pull out the grass," the need to "catch the mouse without breaking the vase" is also a pressing practical requirement in the management and dissemination of information regarding the healthy and sustainable development of the real estate market in our country in general.

As the most advanced and sensitive institutions of a market economy, the real estate market and the stock market are like precious crystal vases, and need to be strengthened and protected. Strictly addressing violations to clean up the real estate and corporate bond markets also means creating favorable conditions for unleashing their potential and developing healthy, safe, and positive markets.

These two requirements are both urgent and go hand in hand to ensure that the issuance, investment, and use of corporate bonds in particular, and the issuance, buying, selling, and transfer of securities in general, closely follow and effectively meet market needs, ensuring transparency, stability, compliance with legal regulations, and adherence to the principles and laws of the market economy; aiming towards the goal of stabilizing and continuing the recovery and development of 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.

Attendees at a recent real estate project launch in Vinh City. (Photo: Archival image)

The requirement to "catch the mouse without breaking the vase," addressing violations without disrupting or collapsing the corporate bond market and related real estate market, will become even more important in the coming period, as bank credit for the real estate sector is being tightened, while the real estate market has been, is, and will continue to contribute positively to the recovery and boost economic development in the context of the "new normal - post-Covid"...!

In particular, the press has promptly reflected and proposed solutions to the Government and relevant ministries, departments, and localities to help resolve difficulties for businesses and develop the real estate market.