Resolution 33/NQ-CP 2023 solutions to remove difficulties for development of real estate market

RESOLUTION

ON A NUMBER OF SOLUTIONS TO REMOVE DIFFICULTIES FOR AND PROMOTE SAFE, HEALTHY, SUSTAINABLE DEVELOPMENT OF THE REAL ESTATE MARKET

_________

THE GOVERNMENT

Pursuant to the June 19, 2015 Law on Organization of the Government; the November 22, 2019 Law amending and supplementing a number of articles of the Law on Organization of the Government and the Law on Organization of Local Administration;

Pursuant to the Government’s Decree No. 39/2022/ND-CP of June 18, 2022, promulgating the Government's working regulations;

Based on the discussion and votes of the Government members, the opinions of the participants in and the conclusions of the Prime Minister at the conference to remove difficulties and promote the safe, healthy and sustainable development of the real estate market,

RESOLVES:

The 2022 saw many difficulties and challenges for the Vietnamese economy in general and the real estate sector in particular. However, under the timely, flexible, creative, drastic and effective direction and administration by the Government, the Prime Minister and ministries, departments, sectors and localities, with the consensus and support of the business community and the people and the assistance of international friends, Vietnam still maintained macroeconomic stability, inflation was controlled, growth was promoted, major balances were ensured, the labor market recovered, social security was ensured, the people's living standards further improved...

The real estate market plays a critical role in and makes important contributions to the economy and affects many industries, trades and fields. However, in 2022 and especially the second half of 2022, it faced many difficulties due to the overall context of the world's economic and real estate situation and Vietnam's economy that is in the process of recovery and development; a number of shortcomings and limitations still persist and cannot be thoroughly dealt with, such as those in the legal system related to land, investment, construction, and real estate business; many real estate projects in localities face difficulties in implementation, leading to a significant decrease in the supply of real estate and housing compared to the previous time; unreasonable product structure, surplus in high-class products and  segment; while a lack of housing for workers and social housing, the market and real estate enterprises face many difficulties in accessing credit loans, issuing bonds and raising capital from customers, leading to enterprises lacking capital and having to reschedule or stop the project implementation.

In order to remove difficulties for the real estate market, the Prime Minister established a Prime Minister's Working Group and issued many official telegraphs (No. 1156/CD-TTg, No. 1163/CD-TTg, No. 1164/CD-TTg…), directing ministries, sectors and localities to implement many tasks and solutions in the short term as well as in the long term to remove difficulties and promote the safe, healthy and sustainable development of the real estate market. The working group, the Ministry of Construction, the Ministry of Finance, the State Bank of Vietnam and other ministries, sectors and localities have urgently and actively performed the assigned tasks and achieved a number of specific results.

Currently, the real estate market situation has seen changes but still faces many difficulties related to institutions, credit sources, bonds, etc. and local implementation, which need to be removed. The Government uniformly directs all levels, sectors and localities as follows:

I. VIEWPOINTS, OBJECTIVES

1. Viewpoints

a/ To thoroughly grasp and closely follow the undertakings and line of the Party and the policies and laws of the State, perform direction and administration work in a proactive, flexible, creative, timely and effective manner with a high sense of responsibility, ensuring suitability with the practical situation and requirements. All relevant entities must uphold responsibility; join hands to remove difficulties for the real estate market to develop safely, healthily, openly, transparently and sustainably.

b/ To plan and invest in the development of the ecosystem of industrial real estate, service and tourism real estate, and urban housing to harmonize supply and demand; houses must be inhabited; for houses to be inhabited, it is  a must to develop production, business, industry and services, and road infrastructure systems.

c/ To focus on direction work to remove difficulties for and restore the real estate market along with risk control; to attach importance to the supervision and regulation of the market; to refrain from criminalizing economic - civil relations; protect officials and people who do the right things.

d/ To improve institutions and policies related to real estate market development,  ensuring the feasibility, consistency and synchrony of the legal system in order to facilitate the removal of difficulties for and promotion of the safe, healthy and sustainable development of the real estate market.

dd/ To devise appropriate policies to promote the market, focusing on social security, creating opportunities for low-income people; stepping up the development of social housing and workers' houses to meet the housing needs of low-income earners.

e/ To develop a safe, healthy and sustainable real estate ecosystem; not to unreasonably tighten sources of credit, bonds, securities, etc. for real estate, but intensifying inspection and supervision without relaxing state management.

g/ To harmoniously, reasonably and effectively combine fiscal policy and monetary policy, implement flexible, safe and sure monetary policy while reasonably expand fiscal policy, ensuring efficiency and strict management of prices and markets.

h/ To mobilize resources of the society, especially large real estate enterprises and economic groups; to have mechanisms to attract foreign investors' resources for developing the real estate market and social housing.

i/ To respect and comply with market rules, the law of supply and demand, law of competition, with the real estate sector being treated equally to other industries and sector. Real estate prices must conform to market rules, which is a driving force of development.

2. Goals

a/ To remove difficulties and obstacles, especially in institutions, organization of implementation and capital sources for the real estate market, in which:

- To remove problems in laws, processes and procedures as well as organization of the implementation of real estate projects, especially related to investment, land, construction, auction...;

- To highly focus on removing obstacles for ongoing projects to complete soon, creating supply for the market.

- To remove difficulties in credit sources, bonds, investment funds... to clear hurdles in capital flows for the real estate market, contributing to increasing market liquidity.

b/ To step up the development of the real estate market, increase supply, and at the same time adjust the structure of real estate market products more rationally, focusing on the development of social housing, workers’ housing, housing suitable to the people's income, in which:

- To accelerate approval of planning, approval of investment policies, selection of investors and timely settlement of land and construction procedures of real estate projects to increase supply for the market.

- To promote the real estate market through capital support policies for implementing feasible and effective projects.

- To promote the development of social housing and workers’ housing, striving to complete at least 1 million social houses by 2030.

c/ To regularly monitor and effectively supervise the market situation in order to promptly take appropriate measures and solutions to prevent the market from "hot development" or "freezing", rumors, speculations to hike real estate prices for illicit profits, causing imbalance between supply and demand, and ensure healthy operation according to the market mechanism.

II. MAIN TASKS, SOLUTIONS

1. Improving institutions

The Government will continue to study and improve the institution, build up a legal system related to construction investment, housing and real estate business toward completeness and feasibility, focussing on:

a/ Expeditiously developing and submitting to the National Assembly for consideration and approval the Land Law (amended), the Law on Housing (amended), the Law on Real Estate Business (amended), the Law on Bidding (amended), the Law on Bidding (amended), the Law on Auction (amended), the Law on Prices (amended), the Law on Credit Institutions (amended)...

b/ Actively studying, formulating and submitting to the National Assembly for consideration and promulgation a “Resolution of the National Assembly on piloting a number of policies to promote development of social housing”.

c/ Expeditiously amending and supplementing decrees guiding the implementation of the laws in order to remove current shortcomings, obstacles and difficulties related to construction investment, business, and transfer of real estate projects, be more suitable to the actual situation and ensure the consistency and synchrony of the legal system, focussing on:

- Finalizing and promulgating the Decree amending and supplementing a number of articles of the Decrees in the field of state management by the Ministry of Construction in order to remove difficulties and obstacles related to the execution of real estate projects; be more suitable to the actual situation and ensure the consistency and synchrony of the legal system.

- Finalizing and promulgating the Decree amending and supplementing Decrees guiding the implementation of the Land Law in order to remove difficulties and problems related to land procedures, land valuation, and issuance of certificates of land use rights, ownership rights for non-residential real estate (tourist real estate, resorts, offices...).

- Researching, formulating and promulgating the Decree amending and supplementing the Decree detailing, and guiding the implementation of, a number of articles of the Investment Law".

d/ Studying, formulating and promulgating the Decree stipulating the process, order and procedures for executing investment projects on construction of commercial houses and urban quarters so that localities can conveniently and uniformly execute these projects. At the same time, localities need to immediately issue regulations, guidelines and solutions for problems falling under their decision-making authority; and shall report problems falling under the deciding competence of the Government or the Prime Minister to the latter for consideration and decision.

dd/ Improving mechanisms and policies for maximum mobilization of financial resources at home and abroad for housing development in particular and the real estate market in general.

2. Accelerating social housing development

a/ Pending the National Assembly’s passage of the Law on Housing (amended) to comprehensively and synchronously remove current difficulties and obstacles in housing development in general and social housing development in particular, the Government shall elaborate and submit to the National Assembly for consideration and promulgation a Resolution of the National Assembly on piloting a number of policies to promote the development of social housing to immediately remove a number of specific difficulties and obstacles in order to create a driving force for the development of social housing in the coming time; in which special attention shall be paid to major problems arising in recent years, such as those in (1) land allocation for investment and construction of social housing projects; (2) planning and arrangement of land areas for social housing development; (3) selection of investors for social housing projects; (4) benefits and incentives for investors; (5) determination of selling prices, rental rates, and rental-purchase prices of social housing; (6) subjects eligible to the social housing policy and their criteria…

b/ Quickly completing, promulgating and effectively implementing the investment project of building at least 1 million social housing apartments for low-income people and industrial park workers in the period 2021- 2030 in order to immediately remove a number of specific difficulties and obstacles in social housing development, increase supply to meet the demand and conform to the affordability of low-income people who have high demand for housing.

c/ Determining investment in social housing development for low-income workers as an investment item in the medium and long-term capital sources of localities.

d/ To support capital for social housing development, proposing a credit program of about VND 120,000 billion (equivalent to about 12% of capital needs to meet the goal of completing at least 1 million social housing apartments and workers’ houses in the period 2021-2030) to grant loans for investors and homebuyers of social housing and worker housing projects with interest rates about 1.5 - 2% lower than the average mid-term and long-term VND lending interest rate set by state-owned commercial banks (including Agribank, BIDV, Vietcombank and Vietinbank) on the market from time to time and non-state commercial banks eligible for each specific credit package.

3. Credit capital

a/ Flexibly and synchronously administering monetary policy instruments to meet the demand for credit capital flows for socio-economic development; improving mechanisms and policies for maximum mobilization of financial resources at home and abroad for housing development in particular and the real estate market in general.

b/ Creating conditions for enterprises, homebuyers and investors to quickly access credit sources; taking appropriate measures to tackle difficulties that face real estate enterprises (such as rescheduling principal loans, interest, restructuring debt groups...); focussing on feasible projects and loan plans, customers with financial capacity, ability to repay debts in full and on time; giving priority to residential housing projects that meet the real needs of the people, prove effective and have good liquidity such as social housing, renovation of old apartments, offices for lease, real estate for production, industry, tourism…

c/ Taking appropriate and effective measures to reduce lending interest rates and support the real estate market.

4. Corporate bond source

a/ Directing and guiding capital raising activities (including bond issuance) of real estate enterprises on the stock market to comply with law.

b/ Controlling capital raising activities of real estate enterprises on the stock market to prevent speculation, price manipulation and hiking. At the same time, creating conditions for, rather than hindering, enterprises (with sufficient capacity, good and healthy business performance...) to raise capital for recovery and development.

c/ Inspecting and overseeing the compliance with the law on issuance, investment and provision of services on corporate bonds, especially private placement of bonds by real estate enterprises and credit institutions related to real estate enterprises, enterprises with large bond issuance volume, high interest rates, loss-making enterprises, and bond issuers without collateral.

d/ Studying and proposing synchronous policies and solutions to develop the corporate bond market in a safe, healthy and sustainable manner.

5. Implementation organization by localities

a/ Raising the sense of responsibility of heads, officials and civil servants; overcoming the fear of doing wrong, fear of responsibility, ...

b/ Stepping up reform of administrative procedures, focusing on removing difficulties in legal procedures for real estate projects in the localities.

c/ Ramping up approval of planning, approval of investment policies, selection of investors to execute real estate projects, land-related financial obligations to increase supply for the market.

d/ Accelerating the development of social housing and workers’ housing and renovating and rebuilding old apartment buildings in the localities.

6. Information and communication to restore trust, aiding the market and the operation of real estate enterprises

a/ Promoting information and communication that clearly demonstrate the strong message and commitment of the Government and the Prime Minister to support localities and enterprises to remove difficulties for the real estate market; refrain from criminalizing economic - civil relations; protect the people and enterprises that do the right thing; ensure harmony between the interests of the State, people and enterprises.

b/ Strictly and effectively controlling and censoring social media channels that spread inaccurate and unofficial information possibly having negative impacts on the people, investors, customers and the market, especially information that can affect economic recovery and growth.

c/ Stepping up the disclosure, publicization and transparentization of information, especially timely disseminating and publicizing the State’s new policies, regulations and solutions on credit, bonds, stocks, real estate market situation, ... so that the society has accurate and official information, thereby stabilizing mentality and the market.

d/ Ramping up supervision, strictly and promptly handling acts of spreading inaccurate information, causing negative impacts on the operation of the financial, credit and real estate markets.

III. ORGANIZATION OF IMPLEMENTATION

1. Ministries, sectors, central agencies and localities shall, according to their assigned functions, tasks and competence:

a/ Continue to urgently and strictly perform the tasks identified in the Government’s Resolution No. 11/NQ-CP on the Program of socio-economic recovery and development, Directive No. 13/CT-TTg of 29, August 2022, on a number of solutions to promote safe, healthy and sustainable development of the real estate market; the Prime Minister’s official telegraphs (No. 1156/CD-TTg; No. 1163/CD-TTg; No. 1164/CD-TTg...) and Conclusion Notice No. 242/TB-VPCP of August 10, 2022, at the online conference to promote social housing development for workers and low-income people.

b/ Concentrate on formulating and approving master plans, creating synchrony, consistency and stability of master plans; link the development of industry, services, tourism, infrastructure systems with urban development and housing projects to ensure the supply-demand balance.

c/ Accelerate the review, classification and handling of real estate projects that are experiencing legal problems, have stopped operation, or cannot market their products due to legal problems with a view to freeing up land resources, investment capital and reduce the risk of bad debt.

d/ Resolutely tackle the situation of officials neglecting, not fulfilling their responsibilities, fearing responsibility and causing hassles in the performance of their official duties, especially in planning approval, implementation of procedures related to investment, licensing, bidding, auction, land and real estate valuation.

dd/ Continue to effectively implement solutions to support the real estate market in association with implementing policies on housing for policy beneficiaries, low-income people, and housing for workers. Promote the research, analysis and forecast of the market, especially the demand for industrial real estate, service and tourism real estate, to ensure supply for the market and promote production development, job creation, by-segment demand for housing; facilitate access to capital for the segment of housing for middle- and low-income people to promote the market to self-adjust in accordance with demand.

e/ Direct, urge and guide in time the removal of difficulties in implementing legal procedures for real estate projects.

g/ Promote the disclosure, publicity and transparency of information, ensure effectiveness, timeliness and true nature of the situation, avoid false information, attaching importance to public disclosure and dissemination of the State’s new policies, regulations and solutions on credit, bonds, stocks, and the real estate market situation.

2. The Ministry of Construction shall

a/ Expeditiously complete the dossiers of the draft Housing Law (amended) and Law on Real Estate Business (amended) then report them to the Government for submission to the National Assembly for consideration and deliberation at the 5^th session to be held in May 2023 and passage at the 6^th session in October 2023 to ensure the uniformity, consistency and feasibility of the legal system, with a view to completing the legal corridor for the transfer of real estate to be formed in the future, tourism real estate; trading and transfer of rights from incapable investors to capable investors so as to increase liquidity and development of the market.

b/ Urgently complete and submit to the Government for consideration and promulgation the Decree amending and supplementing a number of articles of the Decrees in the field of state management of the Ministry of Construction and the Decree stipulating the process, order and procedures for implementing investment projects to build commercial houses and urban quarters.

c/ Actively, proactively assume the prime responsibility for, and coordinate with the Ministry of Justice in studying, formulating and reporting to the Government for submission to the National Assembly for consideration and promulgation the National Assembly's Resolution on piloting a number of policies to promote social housing development at the May 2023 session.

d/ Actively, proactively assume the prime responsibility for, and coordinate with other ministries and sectors in, directing and guiding localities and enterprises to effectively implement the Project of investment in building at least 1 million social housing apartments for low-income people and industrial park workers in the period of 2021-2030 after being promulgated by the Government and Prime Minister.

dd/ Coordinate with the State Bank of Vietnam in implementing the credit program of about VND 120,000 billion and specific credit packages for investors and home buyers of social housing projects, workers’housing projects, projects of renovation and rebuilding of old apartment buildings at more favorable interest rates than the market rate. Assume the prime responsibility for, and coordinate with the State Bank of Vietnam and relevant ministries, sectors and agencies in drawing up a list of projects, subjects, conditions and criteria for participation in the Program.

e/ Coordinate with other ministries and sectors in directing and guiding localities and enterprises to implement the Government’s Resolution No. 11/NQ-CP on the program of socio-economic recovery and development, including making a list of projects, reviewing the land fund, completing legal procedures, selecting investors to implement projects of social housing, housing for industrial park workers, renovation and rebuilding of old apartment buildings.

g/ Monitor market developments, trends and needs (types and segments of real estate) for reporting to the Government and Prime Minister. Proactively coordinate with the Ministry of Information and Communication in disseminating policies, solutions and results of removal of difficulties and promotion of the safe, healthy and sustainable development of the real estate market.

3. The State Bank of Vietnam shall

a/ Expeditiously study, formulate and report to the Government for submission to the National Assembly the dossier of the draft Law on Credit Institutions (amended) in accordance with the Law on Promulgation of Legal Documents.

b/ Perform tasks and solutions defined in the Prime Minister’s Official Telegraph No. 1156/CD-TTg of December 12, 2022, in order to provide credit capital for the economy, contributing to removing difficulties for and promoting the real estate market to develop safely, healthily and sustainably, concentrate credit on priority areas and economic growth drivers, including social housing and workers’ housing.

c/ Implement monetary policy firmly, proactively, flexibly, effectively, reasonably increasing credit, ensuring liquidity for the banking system in all circumstances, meeting capital needs for the economy. Consider and direct credit institutions to review and classify real estate projects in order to take appropriate handling measures (such as rescheduling of principal, interest, restructuring of debt groups, etc.) in accordance with regulations, ensure the safe operation of the banking system, and at the same time strive to reduce operating costs so as to have room for lowering lending interest rates for the economy, including home buyers and real estate projects, contributing to solving difficulties in credit capital for enterprises.

d/ Assume the prime responsibility for implementing the credit program of about VND 120,000 billion to direct commercial banks, with 4 state-owned commercial banks (Agribank, BIDV, Vietcombank, Vietinbank) as the core force, to grant loans for investors and buyers of houses of social housing projects, projects of workers' houses, and projects of renovation and rebuilding of old apartment buildings with interest rates during the preferential period 1.5-2% lower than the average medium-term and long-term VND lending rates of the above state-owned commercial banks in the market and eligible non-state commercial banks with specific credit packages in each period; coordinate with the Ministry of Construction and relevant ministries, sectors and agencies in determining the list of projects, subjects, conditions and criteria for participation in the Program.

dd/ Direct credit institutions to create favorable conditions for real estate project investors and home buyers to access credit sources; continue to earmark credit capital for real estate projects that meet legal requirements, are able to sell products and ensure repayment plans; especially projects of social housing, workers’ housing, housing suitable to people's income and types of real estate for production, business and social security purposes with high efficiency, capable of repaying debts and developing in accordance with the Prime Minister’s direction in Official Telegraph No. 1164/CD-TTg of December 14, 2022, on removing difficulties for the real estate market and housing development.

e/ Direct credit institutions to assess the production and business situation of enterprises, the potential of each project and real estate segment such as residential real estate suitable for people's income, social housing, housing for workers; industrial real estate, tourism real estate, offices, ... so as to consider and adjust lending conditions without applying same policies to projects with risks.

g/ Consider and appropriately adjust risk coefficients for different real estate segments; review regulations relating to lending and investment in corporate bonds for synchronization and conformity with the Government's policy on development of the corporate bond market.

4. The Ministry of Finance shall

a/ Finalize the dossier of the draft Price Law (amended) and submit it to the National Assembly for consideration and approval at the 5th session in May 2023;

b/ Thoroughly review and evaluate the solvency and payment capacity of corporate bond issuers, including real estate enterprises, especially bonds that will be due for payment in 2023;

c/ Effectively perform the tasks assigned by the Prime Minister in Official Telegraph No. 1163/CD-TTg of December 13, 2022, on the corporate bond market, especially urgently assessing and carefully reviewing, proposing amendments to legal documents relating to the issuance of corporate bonds, especially the private placement in the domestic market and the offering of corporate bonds to the international market; adopt harmonized, reasonable and effective measures and solutions to restructure bond debts, restructure interest rates, payment terms, and payment conditions suitable to the practical situation, in the spirit of "harmonious benefits, shared difficulties and risks", in accordance with law; study the mode real estate enterprises could use to negotiate, swap debt bonds with assets or real estate.

d/ Ensure that capital raising activities of real estate enterprises on the stock market are healthy and open; control to prevent speculation, price manipulation and hiking.

5. The Ministry of Natural Resources and Environment shall

a/ Finalize the dossier of the draft Land Law (amended) and submit it to the National Assembly for consideration and deliberation and strive to have it passed at the 6th session of October 2023 to ensure the uniformity, consistency and feasibility of the legal system.

b/ Expeditiously complete and submit to the Government for consideration and promulgation the Decree amending and supplementing Decrees guiding the implementation of the Land Law; guide and remove difficulties and problems related to land procedures.

c/ Concentrate on building and completing the land information and data system and connecting it with the national population database system under the Ministry of Public Security.

6. The Ministry of Planning and Investment shall

a/ Finalize the dossier of the draft Bidding Law (amended) and submit it to the National Assembly for consideration and approval at the 5th session of May 2023;

b/ Expeditiously review, study, formulate and submit to the Government for consideration and promulgation the "Decree amending and supplementing the Decree detailing and guiding the implementation of a number of articles of the Investment Law".

c/ Intensify inspection and direction and urge localities to quickly carry out provincial planning.

d/ Intensify inspection and direction, urge and guide localities and enterprises on the the laws on investment and bidding so as to remove difficulties and obstacles in approving and adjusting policies on real estate investment and bidding.

dd/ Assume the prime responsibility for, and coordinate with the Ministry of Finance, the Ministry of Construction, the State Bank of Vietnam and relevant ministries, sectors and organizations in studying and improving mechanisms and policies in order to exploit and mobilize maximum financial resources at home and abroad for housing development in particular and the real estate market in general.

7. The Ministry of Justice shall

a/ Study and develop a dossier of the draft Law on Auction (amended) and report it to the Government for submission to the National Assembly for consideration and deliberation at the 6th meeting in October 2023, and for approval at the session in May 2024.

b/ Cooperate with relevant ministries and sectors in studying and perfecting the legal system related to real estate.

c/ Coordinate with the Ministry of Construction in formulating and reporting to the Government for submission to the National Assembly for consideration and promulgation the "Resolution of the National Assembly on piloting a number of policies to promote social housing development" at the National Assembly session in May 2023.

8. The Ministry of Public Security shall assume the prime responsibility for, and coordinate with competent authorities in, supervising, strictly and promptly handling violations of the law in real estate investment and business activities, and real estate brokerage activities and acts of spreading inaccurate information, causing negative impacts on the operation of financial, credit and real estate markets.

9. The Ministry of Information and Communication shall

a/ Concentrate on directing and strictly and effectively controlling information channels; coordinate with the Ministry of Public Security in taking measures and arranging systems and human resources to control, detect, make statistics, and prevent inaccurate and unofficial social information channels that may have negative impacts on the people, investors, customers and the market, especially information affecting economic recovery and growth.

b/ Coordinate with ministries and sectors to promote the provision of official, accurate and true information on the situation, preventing false information, so as to stabilize the psychology of the people, investors and customers, and the market.

10. Localities shall

a/ Step up law dissemination work in order to improve the capacity, understanding and professionalism of officials, civil servants and public employees. Raise the sense of responsibility of heads, officials and civil servants; protect people who do the right thing in order to overcome the fear of wrongdoing and fear of responsibility, etc. of some officials, civil servants and public employees in dealing with their work.

b/ Expeditiously review and make a list of housing and real estate projects in the localities; assess specific reasons and causes for projects that have been approved for investment but have not yet been implemented or are implemented behind schedule. On that basis, focus on removing legal difficulties and obstacles in investment preparation procedures for housing projects in order to increase supply for the market. If any problems beyond their competence shall be reported to competent authorities.

c/ Expeditiously formulate and approve master plans and plans on land use, construction master plans, programs and plans on housing development for 5 years and annually to serve as a basis for approval of investment policy on housing development projects, increasing supply for the market.

d/ Focus on further promoting the auction of land use rights; bidding for projects using land; approve the project investment policy; investor selection; especially land pricing, calculation of land use levy, land allocation and land lease for the implementation of housing projects in order to increase supply for the real estate market.

dd/ Speed up reform of administrative procedures; promote the implementation of inter-agency administrative procedures; Level 4 electronic administrative procedures, stop pushing responsibility, causing difficulties or delays in handling real estate project implementation procedures in the locality. At the same time, strengthening the direction, administration, urging, guidance and supervision of the work of the contingent of cadres and civil servants in order to promptly detect and remove difficulties and problems that arise. born not to prolong time, backlog work.

e/ Concentrate on implementing the Government's Resolution No. 11/NQ-CP on the program of socio-economic recovery and development and effectively implement the project of investment in construction of at least 1 million social housing apartments for low-income people and industrial park workers in the 2021-2030 period.

g/ Expeditiously make conclusions that real estate projects have been reviewing legal procedures so that they can soon continue to be implemented, especially large projects; projects that meet people's real needs, social housing projects, projects on renovation of old apartment buildings and projects that meet rental demand for production, industry, tourism.... real estate.

h/ Actively hold meetings directly with each enterprise and each project, especially large ones, to listen to their difficulties and problems in order to promptly solve difficulties and problems within competence, stop pushing responsibility or delay in handling administrative procedures.

i/ Further promote the review, submission, approval (approval of adjustment) of general planning, zoning planning, detailed construction planning for the implementation of housing and real estate projects in the localities.

k/ Promulgate specific regulations, according to their competence to implement legal documents on land, housing and other relevant laws such as those on conditions, criteria, scale and ratio for separating land areas into independent projects with regard to land areas managed by the State (public land) located in commercial housing project as prescribed in Clause 13, Article 1 of Decree 148/2020/ND -CP; compensation coefficient k when renovating and rebuilding old apartment buildings according to specific local conditions prescribed in Clause 1, Article 21 of Decree 69/2021/ND-CP...

l/ Increase effective monitoring and supervision of the local market situation in order to promptly take appropriate measures and solutions to prevent the market from "hot development" or "freezing", rumors, speculation to hike real estate prices for making illicit profits, causing supply - demand imbalance, and to ensure operation according to the market mechanism.

11. Real estate enterprises shall prioritize all resources for debt payment, especially bond debt; proactively study to restructure prices and products in line with the actual needs of the market.

The Government assigns the Government Office to assume the prime responsibility for, and coordinate with ministries, sectors, central agencies, localities and related agencies and units in monitoring, urging and inspecting the implementation of this Resolution; regularly review and report to the Government and Prime Minister the situation and results of the implementation of this Resolution; promptly report and propose to the Government and th Prime Minister problems and issues arising and beyond their competence.-

On behalf of the Government

For the Prime Minister

Deputy Prime Minister

TRAN HONG HA