When Resolution No.33/NQ-CP about solutions to resolve difficulties and promote the safe, healthy, and sustainable development of the real estate market came into effect on March 11, 2023, several issues of real estate projects have been addressed.
The real estate market in HCMC and neighboring provinces gradually enjoy new trades after a long nearly freezing period. This positive sign is thanks to a series of policies to address current issues for this market.
Priority should continue to be given to maintaining macroeconomic stability, controlling inflation, spurring growth and ensuring major balances of the economy, PM Pham Minh Chinh said at the Government’s February meeting on Mar 3 in Hanoi.
In order for Vietnam to achieve the economic growth target in 2023, it will be necessary to have a much better synchronized coordination between fiscal and monetary policies so as to increase resilience in the economy and remove bottlenecks.
Many experts believe that the real estate market has many opportunities for growth, but before that happens there is an urgent need to untie many knots that are proving to be obstacles in its path to further development.
The real estate market had to face many difficulties in 2022 and still faces many challenges in the coming year. The Government and ministries have taken a firm decision to support all real estate enterprises in 2023.
Over the last twenty-odd years, several real estate brands in Vietnam have lost their high credibility due to various unpredictable circumstances that have affected their reputation. Currently, too, many big brands are doing everything possible to fight the factors affecting their businesses and save and protect their brands in the current crisis situation.
Speaking at the conclusion of the questioning session of Minister of Construction Nguyen Thanh Nghi at the 4th session of the 15th National Assembly on November 4, Vice Chairman of the National Assembly Tran Quang Phuong said that 61 delegates registered, 36 questioned, and one argued directly. The Q&A session took place in a lively, responsible, frank, and constructive manner.
The real estate market is currently going through a tough phase due to a tight monetary policy and a surge in the corporate bonds market. These are the reasons why real estate stocks are also losing their inherent value and luster.