Real estate is among the top sectors in attracting FDI, and real estate products are growing in terms of variety (Photo: VNA) HCM City (VNA) – Experts gathered at a recent conference in HCM City to discuss measures to develop a transparent and sustainable property market in Vietnam in the next 10-15 years. Nguyen Duc Hien, deputy head of the Party Central Committee’s Economic Commission, said the real estate market plays an important role, creating valuable assets for the economy, meeting housing demands of residents, and facilitating the development of other markets. However, he noted that the market still sees many limitations such as unsustainable development, ineffective market management due to inconsistent policies, and complicated administrative procedures related to property investment. The country’s authorities should focus on amending real estate laws to eliminate inconsistencies and incorporate policies to encourage social housing over the next decade, said Deputy Minister of Construction Nguyen Van Sinh. The Government and the Party had been rolling out numerous policies to support the development of the market, he added. Despite COVID-19 impacting many areas, “the real estate market is still seeing development this year, though not as much as in other years.” Ha Quang Hung, deputy… Read full this story
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