A line-up of tools and solutions to promote stable and sustainable development of the real estate market are being studied by the Ministry of Construction as part of efforts to ensure the market’s transparency.
The Ministry of Construction is studying solutions to promoting stable and sustainable development of real estate market. (Photo: VNA)
Hanoi (VNA) – A line-up of tools and solutions to promote stable andsustainable development of the real estate market are being studied by theMinistry of Construction as part of efforts to ensure the market’s transparency.
The ministry said that it will closely work with the Ministry of Finance tocomplete tax and finance mechanisms while joining hands with the State Bank ofVietnam to control the credit flow to the property sector.
Removing bottlenecks on capital to carry out key housing projects will be givendue attention.
The ministry will work to chalk out measures to develop social housing projectsin urban areas and for workers in industrial zones as well as supervise theplanning and use of land allotted for social housing in the areas.
Regular update on the building material market will help the ministry to carryout timely measures stabilising prices of major building materials. Effectiveimplementing the building material planning and development schemes is crucialto ensure a balance of supply and demand.
The ministry will support the production of materials that help cutconstruction costs.
The construction sector target a growth of up to 9.21 percent in 2018.-VNA
The HCM City Real Estate Association has recommended real estate companies transform themselves into publicly listed joint-stock businesses so they are able to seek greater funding to improve business performances in 2018.
Last year witnessed many mergers and acquisitions (M&As) in Vietnam’s real estate sector, and foreign investors’ interest in the market is forecast to continue in 2018.
The real estate market, especially the residential land segment, is expected to continue to grow solidly this year thanks to huge infrastructure works in many places around Vietnam accompanied by a raft of property developments.
The State Bank of Vietnam (SBV) has asked credit institutions to limit their lending to the real estate and construction sectors to better control bad debts.
The Ministry of Construction will work towards the housing market’s sustainable development for the sector to achieve the targeted growth of 8.46 – 9.21 percent in 2018.
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The Ministry of Construction is studying solutions to promoting stable and sustainable development of real estate market. (Photo: VNA) 
