Binh Duong Real Estate Association: Many positive expectations for 2024

DNHN - Binh Duong Real Estate Association believe that the real estate situation will improve as the Government has implemented many policies to remove challenges for businesses, and bank interest rates have also decreased to the lowest level in many years.

On the afternoon of January 19, the Binh Duong Real Estate Association held a Conference to summarise activities in 2023. In his opening speech at the Conference, Mr Giang Quoc Dung - Chairman of the Binh Duong Real Estate Association, said that the Association has 117 members as of now. Regarding activities in 2023, the Binh Duong Real Estate Association attended major and minor events and conferences related to the real estate market in and outside the province.

Regularly pay attention to the business activities of real estate businesses in Binh Duong, especially members of the Association, be ready to support businesses in removing difficulties, and act as an effective bridge between businesses and departments and sectors in resolving business difficulties.

During its operation, the Binh Duong Real Estate Association has effectively implemented the Party’s guidelines and policies, and the State’s laws and policies; taken care of the lives of cadres and employees; and promoted and attached importance to social and charitable activities.

Notably, the Association has also carried out many other tasks to support member businesses, influencing the province’s positive policies, such as attending the conference to summarise the work in 2022 and deploy tasks for 2023 of the Binh Duong Province Construction Sector; participating in the appraisal and contributing ideas to the task of overall adjustment of the Lai Uyen urban general planning to 2030; the national online conference to promote the healthy and sustainable development of the real estate market organised by the Government Office; participating in contributing ideas at the Bank - Business Connection Conference organised by the State Bank of Vietnam - Binh Duong Branch to support and create favourable conditions for businesses to access bank credit capital; attending the Binh Duong - Kick-off - New Development Connection programme organised by the Binh Duong Provincial People’s Committee; attending the Workshop on Social Housing Development - Business Perspective organised by the Vietnam Construction Association.

Contributing ideas and attending the Conference to solicit opinions on the draft Housing Law (amended) and the Law on Real Estate Business (amended) organised by the Binh Duong Province National Assembly Delegation (2 times); contributing ideas and attending the programme to meet voters on a specific topic before the 5th session of the 15th National Assembly organised by the Binh Duong Province National Assembly Delegation; attending and contributing ideas at the Conference of the Banking Sector to remove difficulties and promote production and business in the Southeast region co-organised by the State Bank of Vietnam and the Ho Chi Minh City People’s Committee; attending the dialogue conference with voters on administrative procedure reform, taking people and businesses as the centre, co-organised by the Binh Duong Provincial People’s Committee and Binh Duong Radio and Television; attending the Dialogue on Current Difficulties of Businesses and Our Path Forward organised by the Binh Duong Young Entrepreneurs Association.

Regularly pay attention to the business situation of the Association’s members, and promptly remove difficulties for businesses such as Thanh Tan Company, Saigon Land, etc.; cooperate with Binh Duong Radio and Television to implement programmes and reports on the real estate market in Binh Duong; attend the Dialogue on the topic “Experience in Building Corporate Culture” organised by the Binh Duong Young Entrepreneurs Association.

Attending and contributing ideas at the Dialogue between Binh Duong provincial leaders and domestic industry associations and businesses in 2023; attending the Conference on “Deploying the national action programme to complete policies and laws to promote responsible business practices in Vietnam for the 2023 - 2027 period”.

The Association’s electronic information page has also been operating stably with many posts revolving around real estate issues in and outside the province, updating new circulars and legal policies of the central and local governments, along with other related issues affecting the real estate situation of the whole country and the province. Promptly respond to and answer readers’ suggestions and requests.

“2023 is a sad year for the economy in general and the real estate market in particular. Real estate business activities in the year almost froze as the demand for buying, renting, and leasing houses, residential land, offices, factories, etc. decreased significantly.

However, in 2024, I believe that the real estate situation will improve as the Government has implemented many policies to remove difficulties for businesses, bank interest rates have also decreased to the lowest level in many years, and there are positive signals from import and export activities, especially in Binh Duong, with its rapid economic development, technical infrastructure, and social infrastructure being increasingly invested in a modern and synchronous manner. The Binh Duong real estate market promises great potential in the coming time.” - The Chairman of the Binh Duong Real Estate Association commented.

Regarding the direction and tasks for 2024, the representative of the Binh Duong Real Estate Association said: The Association will receive, and collect members’ opinions, and act as a representative for members to make recommendations to state management agencies to remove and resolve difficulties and problems in the process of project implementation and business, creating a more favourable business environment for businesses operating in the real estate sector.

Provide feedback to state management agencies in the development of policies and legal documents related to the real estate sector. Propagate and introduce new mechanisms and policies; guide members to understand and correctly implement laws, policies, and regulations on real estate sector management.

Organise, co-organise, or coordinate with partner Associations to organise specialised seminars on real estate for members. In 2024, organise or coordinate to organise at least one seminar; organise at least one meeting and exchange programme for members; organise training to update knowledge for the Association’s Office staff; coordinate with the Department of Construction and a training unit to open at least 2 training courses on real estate.

Van Nguyen