Delegates from the Vietnam Ministry of Construction introduced the new contents of the amended Housing and Real Estate Business Laws which have been adopted at the eighth session of the 13th National Assembly.
 

Japanese experts highlighted amendments to these laws and while underlined the necessity to clarify regulations on foreigner house ownership in Vietnam.

They also shared experiences in building houses for rent at for low-income earners by mobilising capital resources from public financial organisations.

At present, Vietnam has encountered difficulties in renewing old residential buildings in big cities, said Mr. Hideyuki Iwata from Ministry of Land, Infrastructure, Transport and Tourism of Japan.

Construction projects should be publicized in a transparent manner to ensure they can improve people’s living conditions.