Removing bottlenecks in real estate market

"Removing bottlenecks - promoting the growth of the real estate market" is set to be held on April 19

The real estate market is facing great challenges, especially difficulties in capital flow and legal bottlenecks that reduce customer confidence and threat the sustainable operation of real estate businesses.

Being an essential infrastructure for many key economic sectors such as industry, tourism, and services, the downturn of the real estate market is a key reason for the overall economic slowdown.

Vietnam’s GDP growth in the first quarter of 2023 only reached 3.32 per cent, the second lowest in 10 years, largely influenced by the downturn of the real estate market.

In the first quarter of 2023, many localities received a significant decrease in state budget revenues gained from land and houses, such as Lam Dong, Long An, and Ho Chi Minh City.

Notably, the leading economic hub of the country, Ho Chi Minh City recorded a growth rate of only 0.7 per cent in the first quarter, falling to the lowest group in the country, largely due to the frozen real estate market.

Determining the importance of dismantling obstacles, and opening capital flows to revive the market, the government and ministries and branches have implemented many resolutions, revising legal documents and plans to make the real estate market more sustainable.

At the roundtable, experts, lawyers, and business representatives will discuss the impact of changes in the legal system, how businesses react to these changes, and when the market will bounce back.

Leaders from the Ministry of Construction, the State Bank, the National Assembly Economic Committee, the National Assembly Budget Committee, the Vietnam Real Estate Association, and economic experts, lawyers, and representatives from real estate businesses will attend the seminar.

Roundtable: Removing bottlenecks - promoting the growth of the real estate market

Time: 8:30am – 11:30am

Location: Vietnam Investment Review, 47 Quan Thanh street, Ba Dinh district, Hanoi

Please contact Lan Nhung at lannhung@vir.com.vn to participate in this event

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