Vietnam PM asks for drastic solutions to improve realty market

Chính asked relevant ministries, agencies and local authorities to enhance accountability to remove difficulties for the real estate market, taking it as a pressing issue. — VNA/VNS

HANOI: Prime Minister Pham Minh Chinh issued an official dispatch last Sunday asking relevant ministries, agencies and local authorities to take drastic action to ensure the safe, healthy and sustainable development of the real estate market.

Bottlenecks related to legal procedures, credit accessibility, land regulations and pricing have pushed the real estate market into a lot of difficulty although the government has made efforts to address these problems since late 2022.