CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Real estate
Vietnamese Government to reform rules for real estate market​
Trung Kien 09:41, 2018/04/09
The government will have breakthroughs in the reform of legal regulations and business investment conditions for the domestic real estate market this year, according to experts.
In the draft resolution, it’s expected to create more favourable conditions for economic sectors, especially foreign-invested businesses, investment and business activities in the local property market by amending the Housing Law and Real Estate Business Law.
 
Vietnamese Government to reform rules for real estate market​
Vietnamese Government to reform rules for real estate market​
The ministry will complete specific information on the local property market and identify problems in business activities, along with finding measures to solve them.
Le Hoang Chau, chairman of the HCM City Real Estate Association, said the State should amend the Land Law, regulations on land use rights for lands of tourism resorts, Investment Law, Enterprise Law and Bidding Law to have a transparent competitive environment.
He said real estate investors should be most concerned about the risk of supply and demand.
Earlier, Minister of Construction Pham Hong Ha said in 2018, the ministry would implement a project on assessing the situation, forecasting trends and proposing market solutions and management policies to promote a stable and healthy development of the real estate market.
This is an important database to follow developments in the property market, propose solutions to promote those developments and enhance inspection and supervision to implement laws on housing and real estate market, Ha said.
The ministry will regularly engage in dialogues with associations and businesses to deal timely with feedback and proposals of enterprises and the public.
Nguyen Tran Nam, chairman of the Vietnam Real Estate Association (VNREA), said the domestic real estate market has had a stable and healthy development.
In 2017, the number of real estate transactions increased sharply against 2016. Hanoi and HCM City had 64,263 successful transactions, mainly including affordable and mid-level apartments, Nam said.
Property prices were generally stable. The price rose by five percent for apartment and 10 percent  for land. Meanwhile, the inventory of property products in 2017 continued to decline by 17 percent year-on-year.
VNREA has urged the government to come up with solutions to the existing problems of the property market, including land fund for social houses and cheap commercial houses, as well as regulations for new kinds of real estate, such as condotel, officetel and village resorts. These solutions are expected to create favourable conditions for an impressive growth of the property market this year, Nam said.
Comments
Other news
15:42, 2025/02/19
Around 70,000 new apartments to be delivered in Hanoi
Hanoi’s apartment market is on the rebound and entering a new cycle, with prices remaining high due to strong demand.
21:03, 2025/02/10
Hanoian needs $8,000 monthly on average to buy home: analysis
A middle-income family earning around US$1,200 a month will struggle to afford a new home in Hanoi.
22:45, 2025/01/15
Industrial property benefits from surge in high-tech investment
Vietnam is emerging as a strategic destination for major technology firms given its favorable geographic location within the global supply chain.
08:31, 2025/01/15
Vietnam's property market rebounded in 2024, driven by reforms and transparency
Nearly 81,000 units were available for sale in 2024, up more than 40% on year.
22:24, 2025/01/09
Hanoi's new appartment supply triples to highest level since 2020
In 2025, the new supply of apartments in Hanoi is expected to remain robust, reaching over 31,000 units, higher than in 2024.
16:20, 2024/11/20
Hanoi to add nearly 6,000 social housing units by 2025
The construction of social housing in the capital has reached only 9% of the target set in the plan to build one million social housing units by 2025.