Business

Mechanisms needed for stable property market

A line-up of tools and solutions to promote stable and sustainable development of the real estate market are being studied by the Ministry of Construction as part of efforts to ensure the market’s transparency.
Mechanisms needed for stable property market ảnh 1The Ministry of Construction is studying solutions to promoting stable and sustainable development of real estate market. (Photo: VNA)

Hanoi (VNA) – A line-up of tools and solutions to promote stable andsustainable development of the real estate market are being studied by theMinistry of Construction as part of efforts to ensure the market’s transparency.

The ministry said that it will closely work with the Ministry of Finance tocomplete tax and finance mechanisms while joining hands with the State Bank ofVietnam to control the credit flow to the property sector.

Removing bottlenecks on capital to carry out key housing projects will be givendue attention.

The ministry will work to chalk out measures to develop social housing projectsin urban areas and for workers in industrial zones as well as supervise theplanning and use of land allotted for social housing in ​the areas.

Regular update on the building material market will help the ministry to carryout timely measures stabilising prices of major building materials. Effectiveimplementing the building material planning and development schemes is crucialto ensure a balance of supply and demand.

The ministry will support the production of materials that help cutconstruction costs.

The construction sector target a growth of up to 9.21 percent in 2018.-VNA

VNA
#tools and solutions #stable and sustainable development #real estate market #Ministry of Construction #Ministry of Finance #credit flow #ocial housing projects #building material market #Vietnam News Agency #Vietnamplus
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