Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to continue reviewing and accelerating the provision of credit for real estate businesses, according to a document released by the Office of the Government on August 10.
This is part of a conclusion made by the Prime Minister at a recent conference held to review the implementation of Government Resolution No. 33 on measures to remove obstacles and difficulties facing the real estate market.
The SBV was also asked to direct commercial banks to adopt appropriate and effective measures to help real estate businesses and buyers gain easier access to credit.
The government leader ordered Chairpersons of People’s Committees in localities to set up task forces to review and remove obstacles and difficulties for businesses and individuals to accelerate the implementation of real estate projects.
He stressed the need to restructure real estate segments effectively and appropriately, focusing on social housing and housing for workers and low-income earners.
The Ministry of Planning and Investment was asked to direct localities to tackle difficulties in investment procedures and in approving real estate and housing projects, to increase supply in the market.
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