News

Banks need to make credit easily accessible to property developers and buyers, and cut costs to reduce loan interest rates, Prime Minister Pham Minh Chinh has said.

Government agencies need to resolve the issues plaguing the property market so that other markets, such as bond, can recover, Prime Minister Pham Minh Chinh has said.

Phan Cong Chanh, CEO of developer Phu Vinh Group, said the real estate market will pose more risks than opportunities for investors in 2023, adding that would-be investors should save their money instead of spending it.

Investors have paid greater attention to sustainable construction in real estate, especially green office, to satisfy the new requirements of tenants, according to experts from Savills Vietnam.

Secretary of the Hanoi Party Committee Dinh Tien Dung has asked for more concerted, drastic and effective measures to speed up the disbursement of investment projects, especially key ones.

The draft amended Law on Land removed the State-regulated land price table and aimed to set more market-based land prices.

The State Bank of Vietnam (SBV)’s decision to raise credit growth targets for banks is expected to create favourable conditions for businesses to lend capital, including real estate firms, according to experts.

The Vietnam Green Building Week 2022 is scheduled to take place in Ho Chi Minh City from October 13 – 14 with a focus on measures for realising Vietnam’s commitments made at the 26th UN Climate Change Conference (COP26).

A thematic session on accelerating institutional reform – perfecting land policy for socio-economic recovery and development, as part of the 2022 Vietnam Socio-Economic Forum, opened in Hanoi on September 18.

Prime Minister Pham Minh Chinh has ordered reviewing legal regulations in an effort to ensure the stable, healthy and sustainable development of the real estate market.

Removal of the land price framework issued by the Government will make the market more transparent and prevent real estate from skyrocketing, according to Minister of Natural Resources and Environment Tran Hong Ha.

Hanoi is speeding up progress on several key projects, according to the municipal People’s Committee.