The conference was held online between the Government Headquarters and 63 provinces and centrally run cities. Attending the conference were Deputy Prime Ministers Le Minh Khai and Tran Hong Ha; leaders of central ministries and branches and Chairmen of People's Committees of provinces and centrally run cities; leaders of banks, associations, real estate and construction enterprises and related sectors; experts and scientists.
The resolution was issued on time and put into practice.
At the Conference, along with listening to information on the results of implementing Resolution No. 33/NQ-CP; the real estate market situation, representatives of ministries, branches, central agencies, localities, associations, enterprises, and experts analyzed and evaluated the implementation of Resolution 33/NQ-CP of the Government and the current real estate market; analyzed the causes, proposed tasks and solutions to remove difficulties and obstacles and promote the real estate market, ensuring feasibility and efficiency.
Prime Minister Pham Minh Chinh speaks at the conference. Photo: Duong Giang/VNA
Delegates affirmed that, in the face of difficulties in the real estate market, with the timely and correct issuance of Resolution 33/NQ-CP and other directives and directions of the Government, the Prime Minister, ministries, branches and localities have proactively and actively joined hands to remove difficulties and obstacles to promote the development of the real estate market.
In particular, building, promulgating, and completing many mechanisms, policies, and laws related to investment and business in housing and real estate in a synchronous and feasible manner; promoting the development of social housing; flexibly and synchronously operating monetary policy tools to meet capital flow needs for the real estate market; establishing Working Groups of the Prime Minister to review, urge, and guide the removal of difficulties and obstacles in the implementation of real estate projects for localities and enterprises.
Mr. Nguyen Van Khoi, Chairman of Vietnam Real Estate Association, speaking. Photo: Duong Giang/VNA
In specific real estate projects in localities, difficulties and obstacles are being focused on to be resolved; to date, 41 social housing and worker housing projects with a scale of about 19,516 units have been completed; the project to build 1 million social housing units and worker housing units and the VND120,000 billion credit program have been actively implemented.
Since the beginning of the year, bank lending rates have dropped by 0.5 - 2% and interest rates have basically stabilized. In addition, many businesses have issued bonds, focusing resources on paying off bond debt, ensuring the rights of investors... Thanks to that, the real estate market in the second quarter of 2023 grew higher than the first quarter of 2023, showing that the real estate market has passed the bottom and is recovering.
Leaders of ministries, branches, localities and enterprises reflected and proposed a number of contents on legal issues; investment capital sources; the situation of spreading rumors, speculating to "inflate" real estate prices; mechanisms and policies to exploit and mobilize maximum domestic and foreign financial resources for real estate market development; policies and solutions to implement the project "Investing in the construction of at least 01 million social housing apartments for low-income people and industrial park workers in the period of 2021-2030"...
Concluding the conference, Prime Minister Pham Minh Chinh acknowledged the enthusiastic, responsible and quality opinions of the delegates. According to the Prime Minister, with Resolution 33/NQ-CP and decisions, directives and directions of the Government, the Prime Minister and the participation of ministries, branches, localities and enterprises, difficulties and obstacles in the real estate market have been gradually resolved. However, the real estate market has problems that have existed for many years and cannot be solved overnight, so there are still many problems related to the real estate market.
Prioritize platforms to promote real estate market development
Prime Minister Pham Minh Chinh speaks at the conference. Photo: Duong Giang/VNA
Forecasting that the world, regional and domestic situation will face many difficulties and challenges, the Prime Minister requested that in the coming time, priority will be given to stabilizing the macro economy, controlling inflation, ensuring major balances, promoting economic growth; controlling public debt, government debt, budget deficit... on that basis, promoting the development of the real estate market.
The Prime Minister requested to continue reviewing the legal framework related to the real estate market, including accelerating the establishment of real estate trading floors; stepping up planning work; implementing flexible, focused, key, and controlled monetary policy easing; expanding fiscal policy; closely, harmoniously, reasonably, and effectively combining monetary and fiscal policies; boosting public investment, three national target programs; boosting production, business, creating jobs, and livelihoods for people; restructuring real estate segments and prices reasonably and effectively; stepping up the construction of social housing, housing for workers, and renovating old apartments.
“Based on the functions and tasks of ministries, branches, localities, enterprises and other entities, strictly implement the above instructions; promote the responsibility of cadres, civil servants and public employees in performing public duties; organize inspections and resolve specific problems in each project,” the Prime Minister directed.
Assigning specific tasks to ministries, branches, localities and enterprises, the Prime Minister requested the Ministry of Construction to maintain a working group to focus on reviewing and removing difficulties and obstacles; continue to research and complete the dossier for drafting the Housing Law (amended), the Real Estate Business Law (amended), the Land Law and amend related Decrees to ensure consistency, unity and feasibility of the legal system; coordinate with ministries and branches to direct and guide localities and enterprises to effectively implement the Project "Investing in the construction of at least 1 million social housing apartments for low-income people and industrial park workers in the period of 2021 - 2030"; effectively implement the VND 120,000 billion support package and the credit support package under the Economic Recovery Program.
Deputy Minister of Construction Nguyen Van Sinh reports on the implementation results of the Government's Resolution 33 on the real estate market. Photo: Duong Giang/VNA
The Prime Minister assigned the State Bank of Vietnam to continue reviewing credit lending to real estate enterprises; to have appropriate and effective solutions for enterprises, real estate projects and home buyers to access credit capital; to preside over and coordinate with ministries, branches and localities to effectively implement the Credit Program of about 120,000 billion VND for preferential loans to develop social housing, workers' housing, and renovate and rebuild apartments; and for banks and businesses to support home buyers.
The Ministry of Planning and Investment directs, urges, and guides localities to remove difficulties and obstacles in investment procedures, approve investment policies for housing and real estate projects; presides over the synthesis and submission to the Government and the Prime Minister for consideration, reports to the National Assembly and the National Assembly Standing Committee to adjust the medium-term public investment plan for the period 2021 - 2025, reports to the National Assembly the medium-term public investment plan for the period 2026 - 2030 to implement the social housing policy.
The Ministry of Finance shall carefully review and evaluate the payment capacity of organizations and enterprises issuing bonds, including real estate enterprises, especially bonds due for payment in 2023 and 2024; control capital mobilization activities of real estate enterprises on the stock market to avoid speculation, manipulation, and price inflation. At the same time, there shall be effective solutions to promote the development of the stock market, issue healthy and sustainable corporate bonds; and soon form a fund to build social housing and housing for workers.
The Ministry of Natural Resources and Environment shall coordinate with the agencies of the National Assembly to complete the draft Land Law (amended); promptly complete and submit to the Government for consideration and promulgation the Decree amending and supplementing Decree No. 44/2014/ND-CP dated May 15, 2014 and circulars and decrees on land valuation methods; develop and adjust land price frameworks and land price tables; determine specific land prices and land valuation consultancy activities according to simplified procedures; and at the same time guide localities to resolve difficulties and problems related to land valuation.
In addition, the Ministry must focus on building and perfecting the Land Information System in a unified, synchronous, multi-purpose and interconnected manner nationwide, contributing to improving the effectiveness and efficiency of State management of land.
The Prime Minister requested localities to establish and maintain working groups to focus on reviewing and removing difficulties and obstacles in implementing real estate projects in the area; focus on completing planning; train officials working on real estate; urgently implement assigned tasks in the Project "Investing in the construction of at least 1 million social housing apartments for low-income people and industrial park workers in the period 2021-2030" and the VND 120,000 billion credit program for projects to build social housing, housing for workers, renovate and rebuild apartments; study to simplify and shorten administrative procedures according to their authority. Localities clearly define the focal point for implementing administrative procedures in the establishment and approval of housing projects, including the project.
For enterprises, the Prime Minister requested to continue to proactively organize reviews and restructuring of enterprises, investment portfolios, and investment product structures of enterprises to ensure that they are consistent with the financial capacity, scale, and management ability of enterprises and in line with the real needs of society; promptly review, complete, report, and propose competent agencies and individuals to consider and resolve legal procedures of the project to quickly deploy and implement the project in accordance with legal regulations.
Enterprises focus adequate resources on projects that are about to be completed, large projects with high feasibility to put into operation soon, exploit and recover capital, create cash flow for enterprises and increase supply to the market; review and restructure capital sources; focus on handling bad debts and due debts to create the basis and conditions for accessing credit sources, bonds, securities, etc. to implement projects.
Media agencies should increase information on the real estate market, ensuring objectivity and honesty, reflecting both the situation and solutions; advising and guiding people on the real estate market. The Government Inspectorate should conduct inspections to protect and reward those who do the right thing; handle and rectify violations. The Ministry of Home Affairs should urgently complete the draft Decree on encouraging and protecting dynamic, creative cadres who dare to think, dare to do, dare to make breakthroughs for the common good, creating a legal corridor to encourage and protect cadres who dare to think and dare to do.
The Prime Minister reminded relevant ministries, branches, agencies and localities, based on their assigned functions and tasks, to proactively review, urge and guide the removal of difficulties for the real estate market in their management areas; propose solutions to arising issues that exceed their authority.
According to VNA/Tin Tuc Newspaper
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