Voter Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association, highly appreciated the National Assembly for the first time exercising supreme supervision over the real estate market and social housing development as an area. economic but closely linked to the goal of ensuring social security in housing. The monitoring results report has provided an overview of the real estate market situation and social housing development in the period 2015 – 2023, fully evaluating the achieved results, existing aspects, and limitations. mechanisms and identify subjective and objective causes of the real estate market situation and social housing development.

Mr. Le Hoang Chau said that currently the real estate market is in short supply of commercial housing due to many housing projects encountering legal problems. The housing product structure is unbalanced with a lack of affordable commercial housing, leading to a continuous increase in house prices. The real estate market is in crisis, leading to many businesses facing serious cash flow and liquidity difficulties in the years 2022 – 2023. In addition, the majority of middle-income and low-income people in urban areas have The real need to buy a house to live in is very difficult to access, and it is very difficult to create housing.

Mr. Le Hoang Chau proposed solutions to contribute to the health of the real estate market, including asking the National Assembly to consider passing the “National Assembly Resolution on piloting the implementation of commercial housing projects through agreements with the National Assembly”. agreement on receiving land use rights or having land use rights” according to the Government’s Proposal No. 631/TTr-CP dated October 10, 2024 submitted to the National Assembly. At the same time, we recommend that the National Assembly soon complete the amendments and supplements to Laws related to this field to ensure the synchronization and unity of the legal system and remove “legal obstacles” for the parties. public investment projects as well as private sector investment projects.

Interested in solutions to implement the goal of 1 million social housing units for the period 2021 – 2030 that the Government has set, Mr. Le Hoang Chau proposed to consider adjusting and reducing loan interest rates for “poor households according to poverty standard prescribed in each period” at the Bank for Social Policies on interest rates of 3% or 4.8%/year (currently 6.6%/year), for investors of social housing projects. Preferential loans with interest rates from 3.6% or 5.76%/year (currently 7.92%/year). Buyers and renters of social housing are entitled to preferential loans with interest rates from 3% or 4.8%/year (currently 6.6%/year) to suit reality.

At the same time, he proposed adding to Decree No. 100/2024/ND-CP regulating the recognition of individual houses as “long-term rental boarding houses”, a form of “social housing” owned by individuals. , households invest and do business so that “innkeepers” can also enjoy preferential policies on credit and taxes. Along with that, we recommend that the National Assembly consider amending and supplementing the Law on Value Added Tax and the Law on Corporate Income Tax to stipulate tax incentive policies for investors of social housing projects (only to for rent) to encourage businesses to invest in developing social housing for rent.

Voter Le Thi Thu Tra, Standing Vice Chairwoman of the Vietnam Fatherland Front Committee of Tan Binh district, agreed with the results of the recommendations after the supervision of the National Assembly’s supervision team, especially regarding the continuing content. Completing legal regulations on real estate business, providing people with old and small apartments that do not have enough space for new construction, and currently have many legal problems.

According to Ms. Le Thi Thu Tra, the development of social housing in Ho Chi Minh City has not met people’s needs and has not helped workers stabilize their lives. In addition to paying attention to building social housing with priority for workers and workers facing difficulties, it is necessary to pay attention to building housing for intellectuals and workers with average and above average income to help they settled down. The city is a large urban area and a major socio-economic center of the country. If it wants to develop, it needs to pay more attention to housing investment and help workers so that they have more motivation and dedication to contribute to the cause. City and country.

Ms. Le Thi Thu Tra said that to achieve the goal set by the Government on social housing construction, there needs to be a policy to attract strong enough investors to participate in building social housing with many segments for many social groups, not just low-income people. On the other hand, there needs to be specific and practical policies to encourage and create conditions for construction businesses to join forces with the state to build quality accommodation areas. At the same time, there needs to be strong and feasible sanctions to deal with social housing investors who do not comply with the law, leading to restraining the development of the social housing sector in urban areas. as large as in Ho Chi Minh City, Hanoi Capital…