On the morning of March 11, Deputy Prime Minister Tran Hong Ha chaired an online conference of the Prime Minister's Working Group on reviewing, urging, and guiding the removal of difficulties and obstacles in the implementation of real estate projects for localities and enterprises after the promulgation of new laws.
At Ninh Binh province, comrade Nguyen Cao Son, member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee chaired the conference.
According to the Report of the Ministry of Construction , in recent times, with the drastic participation and synchronous coordination of all levels, sectors, and local authorities through the implementation of a series of policies, tasks, solutions, and measures to remove difficulties for the real estate market issued by the National Assembly, the Government, the Prime Minister, Deputy Prime Ministers, and ministries and sectors, the real estate market in general and the removal of difficulties in the implementation of real estate projects have had many positive changes.
The working group of the Prime Minister and ministries and branches has provided many instructions and urged localities and enterprises to resolve and remove difficulties and obstacles according to their authority.
On the local side, documents have been issued to implement the tasks assigned, urged and guided by the Government, the Prime Minister, ministries and branches; at the same time, focusing on directing the resolution of difficulties and obstacles for the real estate sector and real estate projects in the area, helping the real estate market overcome the most difficult period.
Although many institutional difficulties and problems have been resolved by new laws (Law on Bidding, Law on Housing, Law on Real Estate Business, Law on Land, Law on Credit Institutions) passed by the National Assembly, the laws have not yet come into effect, leading to the current difficulties and problems not being resolved immediately.
Many real estate projects in localities are facing difficulties; purchasing power and liquidity have decreased sharply; the number of newly approved and completed housing development projects has decreased compared to previous years, leading to a rather limited supply for the market.
Meanwhile, housing prices tend to increase, exceeding the financial capacity of the majority of people who want to buy for use; difficulties related to legal issues, credit sources; slow administrative procedure settlement in some localities...
At the conference, leaders of ministries, branches, banks, corporations and businesses operating in the real estate sector highly appreciated the efforts of the Government and ministries and branches in resolving difficulties and promoting recovery of the real estate sector.
However, many opinions say that there are still many difficulties in this field and suggest that the Government, the Prime Minister, ministries and branches pay attention to directing and issuing mechanisms and policies to remove difficulties in supply differences, land valuation, remove difficulties for social housing projects, shorten administrative procedures as much as possible, speed up the progress of resolving legal procedures for real estate projects, create transparency, fairness, reasonable prices when reaching consumers; extend the period of loan interest rate support, periodically organize conferences to remove difficulties for the real estate industry...
Concluding the conference, Deputy Prime Minister Tran Hong Ha affirmed: The "health" of the real estate market reflects the "health" of the economy. The Government and the Prime Minister are very interested in real estate business activities.
The Deputy Prime Minister also emphasized that when real estate business activities develop vigorously, they will lead to an ecosystem with hundreds of participating and developing sectors. Therefore, it is necessary to have open, sharing and drastic participation of State management agencies and enterprises to quickly remove difficulties and obstacles for real estate projects in particular and the real estate market in general.
The Deputy Prime Minister requested that the Government and local working groups clearly identify the cause of the problem and which department is in charge so that that department can take action to resolve it completely.
On the State Bank's side, it is necessary to continue to closely monitor real estate credit developments to find solutions to remove difficulties, promote credit lending to real estate businesses, and facilitate home buyers' access to credit capital.
For localities, it is necessary to work directly with each enterprise and each project, especially large projects, to grasp the difficulties and problems of enterprises related to procedures under their authority regarding land, investment, planning, housing, etc., thereby finding solutions to thoroughly resolve them.
For businesses, it is necessary to proactively review legal procedures, specifically state the difficulties and problems of each project to request competent authorities to consider and resolve them in accordance with their functions and authority.
Nguyen Luu-Anh Tuan
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