Dr. CAN VAN LUC, Member of the National Monetary and Financial Policy Advisory Council:
Need to drastically disburse public investment capital
For a long time, we have not really encouraged the issuance of bonds to the public, but mainly private issuance. Therefore, the Ministry of Finance needs to study and improve the process and procedures to consider and approve the plan to issue bonds to the public. In addition, the authorities need to promptly and thoroughly handle violations in the real estate market, the bond market has had preliminary investigation results announced, thereby creating trust for businesses.
Real estate will find it difficult to develop if the disbursement of public investment capital does not ensure progress. Therefore, localities need to resolutely disburse public investment capital. This is a very important issue, within the reach of Ho Chi Minh City and localities. In particular, it is recommended to soon pass 3 laws related to real estate, otherwise it will be very difficult for the real estate market, including land and corporate bond market in the near future.
Mr. LE HOANG CHAU , Chairman of Ho Chi Minh City Real Estate Association:
Hope there are appropriate regulations
Currently, legal problems are the biggest problem, accounting for 70%. Firstly, some legal regulations lack consistency, are contradictory, and conflict with each other. Secondly, it is about access to capital. Thirdly, credit from commercial banks, although they are the "midwives" for businesses and the market, is difficult to borrow, and interest rates are still high.
I hope that there will be appropriate regulations to facilitate the development of social housing, housing for workers, and the renovation and reconstruction of old apartment buildings. It is not certain that it will be passed at this session of the National Assembly, but I hope that the Land Law (amended) will soon be passed and come into effect, as planned when the contents are completed.
Mr. NGUYEN MINH TRI, Member of the Board of Directors of Vietnam Bank for Agriculture and Rural Development (Agribank):
Bank loans with low interest rates
As a commercial bank, we carry out the responsibility of mobilizing capital for lending. We affirm that banks themselves must also invest in capital flows, including real estate, specifically social housing, infrastructure... However, when lending, banks set the goal of recovering capital. Therefore, when granting credit to social housing projects, legal guarantees must be ensured, including for buyers and investment enterprises.
As for the preferential credit package of 120,000 billion VND for investors and home buyers of social housing and worker housing projects, Agribank has registered 30,000 billion VND since the first day of implementation. Currently, the disbursement rate is not high, but the bank is always ready, as long as the enterprise has enough legal conditions and meets them, it will disburse.
Agribank and other banks are waiting for the projects to be completed because real estate also has a great impact on other projects. Banks always aim to lend to profitable customers, effective business and always low interest rates according to the requirements of the Government and the State Bank.
Delegates take souvenir photos at the seminar. Photo: HOANG TRIEU
Mr. PHAM DANG HO, Head of Housing Development and Real Estate Market Department - Ho Chi Minh City Department of Construction:
Need separate process for social housing
Ho Chi Minh City has issued procedures for implementing social housing groups and old apartment building reconstruction projects, and will soon consult on issuing procedures for commercial housing projects. However, it is clear that these procedures are scattered in the laws and are not systematic, leading to possible differences in implementation between provinces and cities. Therefore, when completing the legal system, it is necessary to pay attention to transitional and retroactive provisions for projects that are under construction.
Social housing projects need their own processes and simplified administrative procedures. In addition, there needs to be a focal point to review the overall project investment procedures. Accordingly, it is possible to consult and propose an interdisciplinary working group to resolve investment procedures in one meeting, agreeing on legal procedures. Only then will investment procedures be resolved simultaneously and simultaneously to speed up the project progress.
Mr. NGUYEN NGOC VAN, Deputy Director of Binh Duong Province Department of Construction:
The important thing is the way of looking at and solving problems.
Binh Duong considers enterprises as companions, so it sympathizes with the difficulties they face. The Provincial People's Committee holds meetings every week to resolve difficulties and problems of enterprises. In particular, it sets out specific content to know where the problems are and what problems need to be solved. For example, when the problems are assigned to the Department of Planning and Investment to preside over, it must collect specific opinions, what the content is, and must have the consent of the relevant departments and branches before it can be consulted by the Provincial People's Committee.
For problems, the company must be given an answer as to whether it can be solved or not; if so, how long it will take and a commitment to do so. In reality, the difficulties are the same, but in general, it is a matter of how to do it and how to speed up the resolution process - there must be an answer soon, ensuring satisfaction and requirements for each aspect of the problem.
Mr. BUI NGOC DUC, General Director of Dat Xanh Group:
Difficult problem for business
Project legal issues and procedures are factors that affect the survival of the project and the business developing the project. Businesses often use the word "urgent" when referring to the above factors recently, because there are actually many outstanding problems.
In fact, the company had a legal compensation agreement with the people a long time ago. However, to register land changes in the company, the above agreement is not enough. We were asked to sign a land use rights transfer contract, in other words, to cancel the compensation agreement that was notarized 13 years ago. This is impossible. We apply the law, but the law is highly local. This has a big impact not only on the real estate sector but also on the investment environment in Vietnam. So how to comply with the law is a very difficult problem for the company.
Mr. NGO DUC SON, General Director of DRH Holdings Joint Stock Company:
Legal difficulties are unpredictable .
The removal of legal obstacles for 148 projects in Ho Chi Minh City has made progress so far but has not been effective.
Project developers themselves anticipate the difficulties and have chosen the path of least resistance. However, policy difficulties such as investment law and real estate market law are unpredictable.
Journalist - Dr. TO DINH TUAN, Editor-in-Chief of Nguoi Lao Dong Newspaper:
10 solution groups
There are 10 groups of solutions to remove legal obstacles for real estate in the coming time.
Firstly, it is necessary to amend and soon pass laws such as the Land Law (amended); the Real Estate Business Law (amended); the Housing Law (amended)... Secondly, continue to adjust sub-law documents, because these documents only provide specific guidance to suit the new situation and do not overlap each other.
Third, solving the problem of law enforcement by officials and civil servants. However, this cannot be done overnight. To solve this problem, in addition to encouraging morale, in the long term, it is necessary to build a systematic, methodical, scientific and standard working process.
Fourth, it is necessary to speed up the resolution of previous negative cases that have not yet had results or final conclusions so that people and businesses can feel secure and have confidence in investing.
Fifth, it is necessary to increase the issuance of bonds to the public. Sixth, increase the disbursement of public investment to contribute to stimulating economic growth.
Seventh, promote the social housing development fund to help people settle down, stabilize their lives, contribute to and build the country.
Eighth, promote the development of industrial park real estate, especially in the context of some enterprises leaving other markets and choosing Vietnam as a new market. When developing industrial park real estate, it will contribute to comprehensive stimulation, bringing the real estate market up.
Ninth, real estate enterprises, including the role of the Real Estate Association, need to increase recommendations and propose better solutions that are closer to the actual situation.
Tenth, strengthen the role of the media. The Lao Dong Newspaper, together with other press agencies, will promptly speak up, support and accompany businesses, quickly reflect the current situation and propose solutions.
Source: https://nld.com.vn/kinh-te/toa-dam-thao-go-vuong-mac-ve-phap-ly-cho-bat-dong-san-can-tiep-tuc-cai-tien-quy-trinh-thu-tuc-20231109223005822.htm
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