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It is necessary to soon build a mechanism to control house and land prices in accordance with peoples ability to pay; Focus on reforming administrative procedures, overcoming capital inadequacies, making information data transparent, and improving management and supervision capacity to free up resources and help the real estate market develop healthily and sustainably. Download the Preliminary Conference to summarize Directive No. 34-CT/TW and propose a new directive of the Politburo on strengthening the Partys leadership over the development of housing and the real estate market in the new situation. On June 17, the Ministry of Construction organized a Preliminary Conference to summarize Directive No. 34-CT/TW and propose a new directive of the Politburo on strengthening the Partys leadership over the development of housing and the real estate market in the new situation. On May 22, the Party Central Office announced the conclusion of General Secretary and President To Lam, which assigned the Government Party Committee to conduct a preliminary review of the implementation of Directive No. 34-CT/TW dated May 24, 2024 of the Secretariat on strengthening the Partys leadership in social housing development in the new situation. At the same time, it is proposed to promulgate appropriate documents from the Secretariat or the Politburo, as a basis for completing the system of relevant legal documents, including amending and supplementing the Housing Law and the Real Estate Business Law. Based on the instructions of General Secretary and President To Lam, recently, the Government Party Committee assigned the Ministry of Construction to prepare a preliminary document summarizing the implementation of Directive No. 34-CT/TW and the draft directive of the Politburo on increasing Strengthening the Partys leadership for housing development and real estate market in the new situation. Effective use of resources for housing development Mr. Hoang Anh Tuan, Director of the Department of Housing and Real Estate Market Management (Ministry of Construction) said that Directive No. 34-CT/TW, dated May 24, 2024 of the Secretariat on strengthening the Partys leadership for social housing development in the new situation has determined to strive to By 2030, complete the construction of at least 1 million social housing units for low-income people and industrial park workers in urban areas. To date, the whole country has 786 social housing projects being implemented with a scale of 725,146 units, reaching 72.5% of the target of 1 million social housing units, Mr. Tuan said. According to Mr. Hoang Anh Tuan, in the context of the country entering a new stage of development, demand is required. housing development and the real estate market must be strongly innovated. Therefore, the Draft Directive on strengthening the Partys leadership in the development of housing and the real estate market in the new situation has proposed key tasks and solutions such as: Strengthening the Partys leadership and raising awareness of party committees at all levels for the development of housing and the real estate market in the new situation; Continue to strongly innovate in construction and improve institutions and legal systems to create motivation for housing development and the real estate market. At the same time, continue to develop housing to ensure synchronization with inter-sectoral and inter-regional aspects associated with urban planning and development regions; Develop a safe, healthy and sustainable real estate market; Mobilize and effectively use resources for housing development and real estate market; Manage and use public assets effectively. Download It is necessary to soon add the construction of a mechanism to control house prices and land prices in accordance with peoples ability to pay. Building a mechanism to control house prices. Speaking at the conference, delegates said that it is necessary to soon add the construction of a mechanism to control house prices and land prices in accordance with peoples ability to pay. Focus on reforming administrative procedures, overcoming inadequacies in capital sources, making information data transparent and improving management and supervision capacity to free up resources, helping the real estate market develop healthily and sustainably. Delegates expect that the Politburos new directive on strengthening the Partys leadership over housing development and the real estate market in the new situation will contribute to eliminating current shortcomings and limitations. At the same time, this will be an important lever to help free up resources, promote the social housing segment to develop strongly and shape an open, transparent, safe and sustainable real estate market in the future. Dr. Nguyen Van Khoi, Chairman of the Vietnam Real Estate Association proposed that, regarding the price control mechanism, it is necessary to research and include the content of the mechanism to control house prices and land prices in accordance with peoples ability to pay. According to Mr. Khoi, the reality of the current market is that house prices are being pushed up too high, requiring a specific control mechanism to solve the housing problem for people. Dr. Can Van Luc, BIDV Chief Economist, Member of the National Financial and Monetary Advisory Council, acknowledged that, in addition to positive development signals, the current real estate market still has many shortcomings such as: Administrative procedures are still quite complicated; The capital finance policy still has many shortcomings; Transparency of data information on housing and real estate markets is still limited; CollaborateManagement and supervision still have many difficulties... Mr. Luc hopes that the new Directive on strengthening the Partys leadership over housing development and the real estate market in the new situation will contribute to eliminating current shortcomings and limitations. In addition, he hopes to soon
