SGGPO
When businesses do not pay money into the state budget, people will of course not receive land use rights certificates, leading to the government having to face social instability due to people's complaints.
On the afternoon of June 19, after the Government submitted it, the National Assembly discussed in groups the draft revised Law on Real Estate Business.
Discussing the draft law, Minister of Finance Ho Duc Phoc requested the agency in charge of research to regulate the financial capacity of investors licensed to do real estate projects, ensuring that enterprises must have sufficient financial capacity to be allowed to do projects.
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The delegation of the National Assembly of Ho Chi Minh City discussed in groups on the afternoon of June 19. Photo: QUANG PHUC |
According to the Minister, the situation of real estate not being able to grant land use rights to many people in the country is because investors owe money to the State. Under current regulations, when land is allocated to enterprises, the land use fee is determined later. If enterprises cannot pay, they will be fined for late payment, which is lower than the bank interest. After enterprises sell future real estate to people, they take the people's money and then use that money to do other business projects or do other things, so they do not have money to pay into the state budget. When enterprises do not pay into the state budget, of course, people do not receive land use right certificates, leading to the government facing social instability due to complaints from people. Therefore, the law amendment must design regulations to ensure that enterprises properly fulfill their financial obligations.
“When there is a dispute between a business and the people, it is a civil dispute, brought to court. Currently, when there are signs of fraud, we can only put the business in jail, but no one resolves tens of thousands of land use right certificates for the people. Because when a business has not paid money to the state budget, it has not fulfilled its financial obligations, and if it has not been fulfilled, it cannot be resolved for the people. So "it will forever be a situation" where people file lawsuits, the government has to worry about resolving the matter, and people lose trust. Therefore, we should follow the regulations: only businesses that fulfill their financial obligations will be given land, and those that pay money to the budget will be given land, "money for rice", Minister of Finance Ho Duc Phoc stated.
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Minister of Finance Ho Duc Phoc (Binh Dinh). Photo: QUANG PHUC |
Minister of Finance Ho Duc Phoc also said that tax policy should not be stipulated in the draft law. Assigning the Government to regulate real estate business activities through tax policy is not within the prescribed authority, because this is the authority of the National Assembly, not the authority of the Government. Adjusting tax rates must be the authority of the National Assembly.
Discussing the draft, many deputies agreed not to stipulate that real estate business activities must go through trading floors, because that would limit the rights of businesses and individuals, causing additional costs for both buyers and sellers.
However, contrary to the views of some deputies who agree that real estate business activities must not be regulated through trading floors, Deputy Tran Chi Cuong (Da Nang) said that real estate business activities must be conducted through trading floors to help the real estate market be transparent and help limit budget losses.
Delegate Le Kim Toan (Binh Dinh) also supports real estate trading through the floor to make the market transparent, limit the situation of enterprises selling unlicensed real estate products, trading through the floor will limit people from being scammed; avoid the situation of one real estate but being traded and transferred in many places, many people. Through the floor will also control the situation of price inflation of real estate projects, creating virtual prices, making it impossible for people with real estate needs to access.
"Of course, not all real estate business activities must go through the floor, but all real estate projects invested by enterprises must go through the floor," said Delegate Le Kim Toan.
Regarding the trading of real estate projects in the future, Deputy Le Kim Toan supports this to create conditions for investors to mobilize capital and reduce capital pressure, but proposes to clearly stipulate the time when real estate projects in the future can be traded; it must be ensured that the project, when put into business, must meet all legal and financial conditions. Real estate projects in the future that are put into business must also be traded through the real estate trading floor.
“In reality, it is common to deposit money to buy real estate in the future. The deposit contract is not notarized, so there are many risks. When disputes arise, it is difficult to handle. Therefore, the law needs to be amended to clearly regulate this issue to meet practical requirements,” said Deputy Le Kim Toan.
Delegate Nguyen Thi Thu Thuy (Binh Dinh) also agreed that there should be a real estate trading floor. At the same time, there should be specific regulations on the standards of real estate brokers.
According to Deputy Tran Chi Cuong (Da Nang), it is necessary to strictly enforce the law on real estate business, because currently there are many regulations that we have not strictly implemented, causing the real estate market to develop unhealthy. For example, the issue of building land price lists, regulations on real estate brokerage in the past have not been well implemented, causing the real estate market to be constantly heated, leading to a real estate market bubble.
"Anyone can be a real estate broker, just a few flyers, a little information can be a broker, disrupting the market while we have almost loosened management", said National Assembly member Tran Chi Cuong.
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