Resolution 68-NQ/TW of the Politburo is assessed by the real estate business community as an important institutional boost, opening a solid legal corridor for the private real estate sector to promote its driving role in the economy.
Experts say that as an important component of the private economy, the real estate sector will benefit significantly from positive changes in approaches and policy designs.
Dr. Tran Ngoc Chinh, Chairman of the Vietnam Urban Planning and Development Association, former Deputy Minister of Construction, said that Resolution 68 is a strong affirmation of the spirit of creating and developing according to market mechanisms, promoting a healthy competitive environment and nurturing the spirit of innovation - the core foundation to help real estate businesses rise up, creating breakthroughs in the new period.
He said that this Resolution is not only a policy orientation, but also an institutional turning point, clearly demonstrating the change in management and governance thinking for development. This is a Resolution "pleasing the people", because it not only speaks to the voice of the business community but also clearly reflects the practical development needs of the country, especially in the real estate sector, when it is in need of an open, accompanied and long-term policy environment.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Association of Realtors (VARS) commented: "The solutions mentioned in the Resolution play an important role in paving the way, adding confidence and motivation for private real estate businesses to develop, and are expected to become factors to help unblock supply, support the market to develop in a safe, healthy and sustainable direction".
Mr. Pham Lam - Head of the Representative Office of the Vietnam Real Estate Association (VNREA) in the Southern region, and CEO of DKRA, shared: "Resolution 68 is a strategic turning point, laying the foundation for creative thinking, while paving the way for real estate businesses to enter a new development stage with proactiveness, creativity and maximum appreciation of resources".
Real estate businesses also have special expectations for the completion of the national land database by 2025, as an important foundation to help improve the ability to accurately price all market participants.
With specific orientations and solutions, Resolution 68-NQ/TW is expected to be a strong boost for the real estate sector, removing bottlenecks in institutions, land and administrative procedures, creating favorable conditions for businesses to operate and develop sustainably in the new period.
On May 4, 2025, the Politburo issued Resolution No. 68-NQ/TW on private economic development, marking an important turning point in promoting the role of this region in the national economy. In particular, for the real estate sector, the Resolution opens up many expectations for institutional reform, creating favorable conditions for businesses to operate and develop sustainably.
Resolution 68 clearly states: The private economy is the most important driving force of the national economy; a pioneer in developing science and technology, innovation and digital transformation. This is the first time that the private economic sector has been identified as the most important driving force of the national economy.
One of the highlights of Resolution 68 is the goal of completing the National Land Database by 2025. This will create a foundation for accurate and transparent land valuation, helping to eliminate speculation and price manipulation in the real estate market. The company expects that, with complete and transparent data, the land valuation mechanism will be comprehensively reformed, creating a more fair and stable business environment.
