Property businesses face difficulties in mechanisms, policies
The Vietnam Real Estate Association (VNREA) held a conference in Hanoi on February 18 to discuss difficulties in mechanisms and policies faced by businesses and investors.
Hanoi (VNA) - The Vietnam Real Estate Association (VNREA) held a conference in Hanoion February 18 to discuss difficulties in mechanisms and policies faced bybusinesses and investors.
VNREA Chairman NguyenTran Nam said that Prime Minister Nguyen Xuan Phuc had directed theConstruction Ministry to collect ideas from real estate firms and submit themto him.
The ministry plans tolisten to opinions of businesses in five large markets, Nam added.
Pham Thieu Hoa,General Director of Vinhomes – a subsidiary of VinGroup, shared that Vinhomeshad compiled 14 pages of difficulties it is facing in administrativeprocedures.
Meanwhile, Nguyen QuocHiep, Chairman of the Board of Directors of GP.Invest, said that among allcompanies operating in Vietnam, those engaged in real estate have the mostdifficulties as they are regulated by 10 laws and a matrix of administrativeprocedures.
The best solution atthis time is to revise laws, Hiep stressed.
Regarding realdifficulties, General Manager at FLC Group Huong Tran Kieu Dung mentioned threemain matters that are legal affairs, capital, and administrative procedures.
According to her,overlapped and asynchronous laws have greatly affected property projects./.
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Apartment buildings in Hanoi (Photo: VNA) 
