Removing difficulties for large real estate projects, supply will be abundant in the future
According to Deputy Minister of Construction Nguyen Van Sinh, the Government's working group has been very active in going to localities to help resolve difficulties and urge localities to soon approve real estate projects, and in the near future, supply will be abundant.
Speaking at the "Vietnam Real Estate Brokerage Festival 2023" on the evening of June 24, Deputy Minister of Construction Nguyen Van Sinh said that recently,real estate markethas been going through difficulties and problems.
In particular, some real estate trading floors have had to reduce their scale, stop operations, and cut staff. Limited products affect the quality and trading activities of the floors.
Faced with that difficult situation, the Deputy Minister said that the Government, the Prime Minister, ministries, branches and localities have issued many directives and taken drastic measures to remove difficulties and obstacles for the real estate market.
“In particular, recently the Government and the Prime Minister have issued many directives, telegrams, and solutions, especially Resolution No. 33 on developing a stable, safe, and healthy real estate market. This is an important Resolution for the real estate market in recent times.
The Government has also directed the establishment of working groups to remove obstacles for the real estate market. Focus on removing bottlenecks to promote the stable and healthy development of the market," said the Deputy Minister.
Regarding institutional bottlenecks, Mr. Sinh also said that the Government and the Prime Minister have made timely amendments and promulgations. Several groups of major problems have been proposed for amendments and are being submitted to the National Assembly in the draft Law on Housing andReal Estate Business Lawmodify.
Some issues under the authority of the Government have also been issued. For example, Decree No. 35 removes legal obstacles in the fields of construction, planning, urban areas, housing, especially social housing. Decree No. 10 removes legal obstacles in the field of land; Decree No. 08 removes obstacles related to bond issuance...
Regarding the resource problem, the Deputy Minister said that the Government has directed the State Bank and the Ministry of Finance to come up with many solutions; including solutions on credit, bonds, and the stock market. He said that these are timely solutions to remove resource bottlenecks.
In terms of implementation, promoting early implementation of projects and creating supply sources, Deputy Minister Nguyen Van Sinh said that the Government has established a Working Group to go to localities to resolve problems.
“The working group has been very active in going to localities, working with localities to resolve difficulties, urging localities to approve projects soon. Localities such as Hanoi, Ho Chi Minh City, Da Nang, Can Tho, Hai Phong… have actively participated in directly resolving difficulties in recent times.
Although the initial results are not much, we believe that in the coming time, many projects will be resolved to create a large supply source," said the Deputy Minister.
The Deputy Minister also hopes that real estate trading floors and real estate brokers will perform their brokerage role well and actively deploy real estate trading floors to ensure scale and quality. Especially, the products introduced to buyers must ensure legality, transparency and publicity.
He hopes that in the coming time, brokerage activities will continue to be a "bridge" to help investors access information, leading to more successful transactions; creating trust with people about housing transactions.
