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.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The Ministry of Construction is studying solutions to promoting stable and sustainable development of real estate market. (Photo: VNA) 
