Real estate businesses are initially unlocked

	Real estate brokerage market is at an "alarming" level
	M&A in Vietnamese real estate heat up
	FDI inflows into real estate total over 66 billion USD

The drastic synchronous measures to remove difficulties for real estate enterprises have helped the projects have many positive changes. Illustration: H.Anh

Positive movement from projects

Assessing the impact of solutions to remove difficulties for real estate enterprises over the past time, many commented that businesses clearly see the great impact of synchronous and drastic solutions of the Government and Prime Minister. Prime Minister in removing difficulties for the real estate market, from bond debt rescheduling, institutional dismantling, capital sources, valuation, planning to bank interest rates... According to Nguyen Quoc Hiep, Chairman of the Company GP.Invest Global Real Estate Investment Joint Stock Company, those policies and solutions have helped the real estate market to be less gloomy, removing fear and loss of confidence in the market. Many investors have shown signs of recovery, although the number of real estate enterprises that have to be dissolved or stopped operating is still large.

Sharing about the specific case of GP.Invest Global Real Estate Investment Joint Stock Company, Nguyen Quoc Hiep said that the specific instructions of the Government, the Prime Minister and the Prime Minister's Working Group have had specific impacts, directly affecting the positive changes of the Palm Manor project in Viet Tri, Phu Tho. Having been granted an investment certificate since 2013, for many years, the project with a scale of 58 hectares has only been implemented in a small part due to problems in land clearance. However, according to Hiep, from May 2023, with the drastic direction of the Prime Minister, ministries and branches, to June 4, 2023, leaders of Phu Tho Provincial People's Committee announced measures to specifically to accelerate the project progress in accordance with the law so that the investor is more proactive in organizing the construction.

“Specific decisions and decisive handling of local agencies have created momentum for the Palm Manor Viet Tri project to move positively and it is likely that in early 2024, there will be products supplied to the market. Not only the project in Phu Tho, but also the projects of GP.Invest in Lang Son, Thai Nguyen, Hai Duong... also have positive movements due to the clear and decisive approach of the authorities," Nguyen Quoc Hiep shared.

According to a representative of Nova Real Estate Group (Novaland), Resolution No. 33/NQ-CP dated March 11, 2023 of the Government on a number of solutions to remove and promote the safe and healthy development of the real estate market. The strong and sustainable government of the Government has helped the business community not to fall into instability, promptly prevented many bad consequences affecting financial resources, the development momentum of the country, the competitiveness of enterprises and Social Security. Up to now, Novaland's projects have basically had a specific solution and are in the process of dismantling. Most of the projects in Ba Ria - Vung Tau have been approved and resolved by the provincial leaders. Projects in Ho Chi Minh City, Dong Nai and Binh Thuan have been dealt with by a special Working Group to remove difficulties, and ministries, departments and sectors are dedicated to guiding and localities are focusing on solving them.

Proactively solve groups of problems of enterprises

Dang Minh Truong, Chairman of the Board of Directors of Sun Group, the passage of the Law amending and supplementing a number of articles of the Law on Exit and Entry for Vietnamese citizens and the Law on Entry, Exit and Transit , residence for foreigners in Vietnam, along with that, the groundbreaking and inauguration of a series of transport infrastructure systems connecting tourist areas have created a driving force, promoting the development of real estate, service industries. service, commerce. These are two policies that have had a very positive impact on enterprises' production and business activities over the past time, which is a very happy signal for tourism real estate and tourism in general... To create favorable conditions for real estate enterprises to rest. The Chairman of the Board of Directors of Sun Group proposed that the Government and the Prime Minister continue to study and expand the list of visa exemptions for markets such as Europe and India. Along with that, it is proposed that the Ministry of Transport promote and increase the grant of more international flight slots to bring key market visitors to Vietnam. The representative of Sun Group also proposed to continue to strengthen the decentralization of authority further or to propose to the National Assembly to decentralize authority for fields, pilot in some localities on converting the purpose of using rice land and land. forest in the field of construction, decentralize authority on basic design, adjust local planning... and continue to carry out administrative procedures for investment and licensing for real estate.

On behalf of the real estate business community, Chairman of the Vietnam Real Estate Association (VNREA) Nguyen Van Khoi said that there are currently 4 main groups of problems that real estate projects are facing, including: a group of real estate project developers. having problems with land law; group of problems related to planning; group related to investment costs and group related to determining house prices. Stemming from the above basic problems, proposing to remove common difficulties for the real estate business community as well as projects, VNREA leaders said that, in addition to completing the draft of 3 important laws related to the market Real estate is the Law on Land, Law on Housing, Law on Real Estate Business, ministries, branches and localities also need to focus more on the implementation of Resolution No. 33/NQ-CP dated 11/3/2023 of the Government. The time emphasized, it is necessary to make the most of the issued policies to remove the current difficulties.

For local government, Dr. Nguyen Van Khoi said that it is necessary to proactively solve groups of problems related to their authority, timely report on progress periodically and actively coordinate with ministries and branches to solve. As for real estate developers, a representative of the Real Estate Association said that businesses need to implement more strongly the solutions directed by the Prime Minister on product restructuring and development of products that are suitable for real needs. of people. Along with that is to guide investors on the plan to extend and postpone debt. In particular, real estate businesses should actively participate in the development of social housing projects to accompany the Government in improving the supply of affordable housing in the market, orienting the market to balance supply and demand.