National conference seeks ways to remove roadblocks to real estate
Prime Minister Pham Minh Chinh chaired a national online conference in Hanoi on February 17 that sought ways to remove obstacles to the domestic real estate market and give it a push to grow safely, healthily and sustainably.
Prime Minister Pham Minh Chinh speaks at the conference. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham MinhChinh chaired a national online conference in Hanoi on February 17 that soughtways to remove obstacles to the domestic real estate market and give it a push togrow safely, healthily and sustainably.
In his opening remarks, the leader urgedparticipants to give objective assessments on the situation, analyse reasonsbehind its problems, and propose targets, tasks and solutions to promote themarket in line with guidelines, policies and laws.
According to the PM, following the conference, thegovernment will issue a resolution on the real estate market, which is expectedto serve as a ground to spur its development, in the spirit of harmonisedinterests and shared risks between the State, people and businesses.
At the conference (Photo: VNA)
The Ministry of Construction reported that themarket faced a supply crunch last year, especially housing for low-incomeearners. Although the number of transactions increased against 2021, it stilldropped as compared with the pre-pandemic level.
The State Bank of Vietnam said as of December 31,2022, outstanding credit related to real estate was nearly 800 trillion VND(33.65 billion USD).
Statistics by the Ministry of Finance show that asof October 28, 2022, issued corporate bonds were valued at 328.9 trillion VND,down 25.2% year-on-year, and decreased quarterly, with real estate firms making up 28.87% of the total.
Real estate businesses have encountered a range ofdifficulties over the past time, especially in credit access, bond issuance,and capital mobilisation, according to insiders./.
The State Bank of Vietnam (SBV) has never issued any documents or statements ordering credit for real estate be tightened, Deputy Governor Dao Minh Tu said on February 8.
Experts have held that the real estate sector will begin a recovery phase in 2023 with many difficulties lying ahead. However, difficult times will present opportunities for long-term investors to buy low.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Prime Minister Pham Minh Chinh speaks at the conference. (Photo: VNA) 
At the conference (Photo: VNA) 
