Tag: extended holiday.

"A thorough assessment of the local real estate markets is imperative to identify areas where there is a shortage of development and where there is an oversupply of properties that remain unsold." This was one of the key messages conveyed by Deputy Prime Minister Tran Hong Ha during the Central Steering Committee meeting on housing policies and the real estate market, held on October 24th.

Prime Minister Pham Minh Chinh has instructed local authorities to focus on enacting all assigned detailed provisions of the Land Law and its implementing decrees by October 31, 2024. This directive emphasizes the importance of establishing comprehensive land-related regulations, ensuring a clear and concise legal framework for land management and use across Vietnam.

In the National Assembly session on October 28, alongside the proposal to reduce real estate prices through bonds, members of the National Assembly suggested that increasing the supply of social housing through encouraging individuals and households to build their own homes is a viable solution that warrants further research and consideration.