Prime Minister: Diversify capital sources for the real estate market

DNHN - The Prime Minister also directed the State Bank of Vietnam to monitor, control and restructure credit for the real estate sector to ensure proper use, and avoid risks to the market, with the art of soft, flexible, and effective management.

At the Conference to develop a safe, healthy and sustainable real estate market, Prime Minister Pham Minh Chinh evaluated enthusiastic and responsible opinions, for the common goal, and evaluated objectively and honestly. the fundamental aspects in the development of the real estate market from 2000 up to now, contributing to stabilizing the macro-economy, controlling inflation, and ensuring great balances of the economy in current difficult conditions and contributing to the development of the country.

The Prime Minister also directed the State Bank of Vietnam to monitor, control and restructure credit for the real estate sector to ensure proper use, and avoid risks to the market, with art flexible, flexible, and effective.

At the Conference to develop a safe, healthy and sustainable real estate market, Prime Minister Pham Minh Chinh evaluated enthusiastic and responsible opinions, for the common goal, and evaluated objectively and honestly the fundamental aspects in the development of the real estate market from 2000 up to now, contributing to stabilizing the macro-economy, controlling inflation, and ensuring great balances of the economy in difficult conditions. and contribute to the development of the country.

The Prime Minister directed in the coming time, it is necessary to review the provisions of the law to solve both immediate and long-term problems in the direction of promoting decentralization and decentralization of powers at all levels, researching thoroughly, proposing pilot mechanisms and policies to create new motivations and impulses for development, both doing and learning from experience, gradually expanding, not perfectionist, not in a hurry.

Identify market segments and needs, such as industrial real estate, worker housing, and low-income housing to have appropriate policies to promote the market, focus on social security, and create opportunities for low-income people, "without sacrificing social progress and justice to pursue economic growth alone".

Develop strategic infrastructure to create new development space, new development motivation, and promote the formation of new urban areas.

The Prime Minister also directed the State Bank of Vietnam to monitor, control and restructure credit for the real estate sector to ensure proper use, and avoid risks to the market, with the art of soft, flexible, and effective management.

Directing and guiding credit institutions to continue lending to the real estate sector to ensure compliance with the law, lending to real estate projects with full legality; Prioritize lending to projects of commercial housing, social housing for low-income people, housing for workers that have been licensed and commenced construction to create supply for the market.

The Ministry of Natural Resources and Environment shall coordinate with the Ministry of Finance and the Ministry of Justice in researching, reviewing and amending current regulations of law related to the auction of land use rights (law on auction, legal law on land, law on tax administration) ensure consistency and suitability with the actual situation in the locality.

Inspect, examine and direct, guide and coordinate with localities to detect, prevent and strictly handle violations in land use right auction activities by the law.

PV