Prime Minister Pham Minh Chinh has asked ministries, agencies, localities, and businesses to join hands to tackle obstacles facing the real estate market so it can develop in a stable, safe, sound, and sustainable manner.
Chairing a teleconference in Hanoi on August 3 to review the implementation of Government Resolution No. 33/NQ-CP on solutions to boost the real estate market’s development, the Prime Minister said focus should be placed on continuing to stabilize the macro-economy, curb inflation, ensure major balances in the economy, and review the related legal framework.
It is necessary to resolutely adopt flexible monetary policies, expand fiscal policies, and ensure harmonious and effective coordination between monetary and fiscal policies in order to increase supply and aggregate demand, Prime Minister Chinh said.
He pointed to the need to promote growth drivers and production and trade activities, generate jobs, restructure segments and prices in the real estate market, speed up the construction of social housing and accommodation for workers, and boost public investment.
The government leader asked the Ministry of Construction to work with relevant ministries and sectors to guide and assist enterprises and localities in implementing the project on building at least 1 million social housing units for low-income earners and workers in industrial parks in the 2021-2030 period.
Prime Minister Chinh instructed the State Bank of Vietnam (SBV) to continue to review the provision of credit to real estate businesses and adopt appropriate and effective solutions to create the conditions for businesses and buyers to gain easier access to credit.
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