PM highlights the responsibilities of all stakeholders related to the real estate market

On the afternoon of August 3, PM Chinh chaired an online conference to evaluate the performance of the implementation of Resolution No.33/NQ-CP dated March 11 and propose solutions to remove difficulties in the real estate market.

The meeting drew the participation of the deputy prime minister, ministers, heads of centrally run authorities, leaders of associations, businesses, and banks, and economists.

In his opening speech, the PM said that over the last seven months, despite many challenges, the socioeconomic situation has seen some positive signs, including stabilisation in the macroeconomy, lowering inflation, and positive GDP growth.

The prime minister thanked the stakeholders for their efforts in the development of the real estate market.

"Like other socioeconomic fields, the real estate market has good times and difficult times. Businesses sometimes make profits, and sometimes they lose, but the most important thing is that we promptly detect emerging problems, find the causes, set appropriate goals, and implement them effectively," he said.

Following the nationwide online conference in February, the government held today's online conference to review the implementation of Resolution 33 and propose solutions to address any market woes.

Prime minister Chinh stated, "Holding some conferences will not remove all the problems, especially those that have lasted for decades. But we will remove the hurdles if we analyse the issues clearly and find solutions based on the collaboration of all stakeholders, including state authorities, localities, businesses, real estate developers, and buyers. We should highlight the responsibilities of every player for the general development of the country, in a spirit of mutual benefit and shared risks."

The PM asked all delegates to objectively evaluate the implementation of Resolution 33 and the current situation in the real estate market. He tasked them with proposing measures to improve the market, focusing on legal issues, capital sources, planning, finance, banking, administrative procedures, and decentralisation.

At the conference, the Ministry of Construction reported on the results of the resolution, assessed the difficulties seen in the implementation process, and suggested solutions to promote the healthy and sustainable development of the real estate market.

The State Bank of Vietnam reported on the results of providing VND120 trillion ($5.1 billion) in credit capital to the economy, while also assessing the shortcomings it had witnessed.