Focus on removing difficulties and obstacles for the real estate market

This morning, March 11, Deputy Prime Minister Tran Hong Ha chaired a meeting of the Prime Minister's Working Group (Working Group) with sectors and localities to review, urge, and guide the removal of difficulties and obstacles in the implementation of real estate projects for localities and enterprises after the promulgation of new laws (Land Law, Housing Law, Real Estate Business Law). Vice Chairman of the Provincial People's Committee Le Duc Tien attended the meeting at the Quang Tri bridge.

Vice Chairman of the Provincial People's Committee Le Duc Tien attended the meeting at the Quang Tri bridge - Photo: TT

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, and ministries and sectors, especially difficulties and obstacles in institutions, capital sources, and bonds..., the real estate market in general and the removal of difficulties in implementing real estate projects in particular have had many positive changes.

The working group and ministries and branches have issued many instructions and urged localities and enterprises to resolve and remove difficulties and obstacles according to their authority. Localities have issued many documents to implement tasks assigned, urged and guided by the Government, the Prime Minister , ministries and branches. At the same time, they have focused on directing the resolution of difficulties and obstacles for the real estate sector and real estate projects in the area.

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.

Some localities have not yet established working groups to resolve difficulties according to regulations, have not been proactive in resolving difficulties, and have not yet had specific and thorough results.

In addition, there are many difficulties in organizing law enforcement, such as organizations and law enforcement officers have a mentality of fear of mistakes, fear of responsibility, fear of legal risks, leading to slow resolution, not daring to propose, not daring to decide, not reviewing and making a list of housing and real estate projects in the area to specifically assess the causes and reasons why projects have not been implemented or are slow to be implemented.

There has been no focus on establishing and approving land use planning, construction planning, 5-year and annual housing development programs and plans to serve as a basis for approving investment policies for housing development projects...

Speaking at the conference, Deputy Prime Minister Tran Hong Ha emphasized: The working group and ministries, branches and localities need to focus on removing difficulties and obstacles for the real estate market because if not resolved, it will affect banks and many other sectors.

It is recommended that the Working Group and ministries, branches and localities clearly identify the cause of the problem. If the responsibility belongs to the State, it must be focused on solving it. If the problem lies with a department, that department must get involved.

In the coming time, the Working Group will promptly guide and remove difficulties and obstacles in legal procedures, and urge localities to resolve difficulties and obstacles in real estate projects.

The State Bank of Vietnam continues to closely monitor real estate credit developments to find solutions to remove difficulties and promote credit lending to real estate enterprises. Strengthen direction, supervision and guidance of commercial banks to create more favorable conditions for enterprises, real estate projects and home buyers to access credit capital. In particular, research, propose and implement solutions to restructure credit debt related to real estate projects of enterprises.

For localities, it is necessary to review and study to remove difficulties and obstacles for real estate projects in the area; thoroughly resolve the difficulties and obstacles of the projects that have been reviewed by the Working Group. Actively and proactively organize meetings, work directly with each enterprise and each project, especially large projects to grasp the difficulties and obstacles of enterprises and projects to promptly resolve issues under their authority related to procedures on land, investment, planning, and housing.

Enterprises need 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.

Restructure and restructure the project and product portfolio to ensure it is consistent with the business's implementation capabilities and the actual market conditions. Adjust the real estate segment and price to suit the market and ensure liquidity, creating capital flow to maintain operations and project implementation.

Thanh Truc

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