The Government Office has just issued Notice No. 294/TB-VPCP dated June 9, 2025, the conclusion of the Government Standing Committee at the meeting on the real estate market situation.
The conclusion notice clearly stated that in recent times, the Government and the Prime Minister have resolutely directed and assigned specific tasks to ministries and agencies to remove obstacles and promote the real estate market to develop safely, healthily and sustainably.
According to the report of the Ministry of Construction, in the first months of 2025, the real estate market has had many improvements, accordingly, the supply and transaction volume of real estate have increased compared to the same period in 2024.
However, the development of the real estate market is not yet commensurate with the potential due to the remaining problems, which hinder the development of the real estate market.
The Government Standing Committee assigned the Ministry of Construction to preside over and closely coordinate with the Ministry of Agriculture and Environment to urgently study and review the Laws: Housing and Real Estate Business to identify shortcomings and inadequacies that are not suitable for reality to meet the expectations of real estate market development.
Develop a Government Report to the National Assembly at the time the National Assembly is absent between the two sessions of the 9th Session to consider and allow the development of a Resolution of the National Assembly to adjust the provisions of Laws such as Land, Real Estate Business and Housing to suit the reality and needs of real estate market development.
Review all Decrees and Circulars on housing and real estate business to propose competent authorities to review and amend them in a streamlined manner, in which the resolution is to minimize cumbersome administrative procedures.
Direct, inspect and supervise localities to speed up planning and creating land funds to develop housing projects, especially social housing projects in urban areas and industrial parks.
Urgently plan and synchronously develop new development spaces due to investment in new expressways and transport infrastructure works.
Urgently research and build a model "Real estate transaction center and land use rights managed by the state". In particular, real estate transactions and procedures from real estate transactions, notarization, tax and land transaction registration in the electronic environment are similar to the securities trading model.
The Ministry of Agriculture and Environment closely coordinates with the Ministry of Construction to review the provisions of the Land Law to unify state management of land, real estate and housing.
The State Bank of Vietnam directs commercial banks to focus on lending and disbursing for commercial housing projects at suitable prices, promoting credit growth, contributing to the implementation of the growth target of 8% in 2025.
Cut down on procedures and conditions to facilitate people and businesses' access to credit capital, while strictly controlling to prevent corruption and negativity; studying credit packages for young people who want to buy a house.
Focus on directing and urging banks to participate in the VND120,000 billion preferential credit program, and at the same time research and have a medium-term credit package with stable interest rates for affordable commercial housing projects.
Direct commercial banks to carefully review and inspect lending credit institutions with collateral such as real estate; evaluate objectively and reasonably, comply with regulations and focus on credit risk management; strictly handle acts of helping to manipulate prices, creating new "virtual" price levels, causing instability and "distorting" the market.
