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Vietnam property association assured of support

The Government is working out measures to ease challenges facing the property market, Deputy Minister of Construction Nguyen Tran Nam said at a ceremony to mark the 10 th founding anniversary of the Vietnam National Real Estate Association (VNREA) in Ho Chi Minh City on May 25.
The Government is working out measures to ease challenges facing theproperty market, Deputy Minister of Construction Nguyen Tran Nam saidat a ceremony to mark the 10 th founding anniversary of the VietnamNational Real Estate Association (VNREA) in Ho Chi Minh City on May25.

Nam highlighted the Government’s credit packageworth 30,000 trillion VND (1.4 billion USD), the removal of land usefees for social housing projects and house ownership for foreigners aspart of efforts to rescue the market.

He said hebelieves that along with efforts to adjust trading and production plans,and the restructure of business operations, the property market willcome alive again.

Among activities to celebrateits anniversary, VNREA held a trade fair and exhibition, a propertytrading session, and launched a drive to build charity houses in HCMCity.

Other activities also got underway in Hanoi , Da Nang and Can Tho.

With over 1,500 members across the country, VNREA has been an officialmember of the International Real Estate Federation (FIABCI) since 2003,and the FIACI for Asia-Pacific since 2007.-VNA
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