Leaders of IMG attended an important meeting with Real Estate Enterprises chaired by Deputy Prime Minister Tran Hong Ha

Deputy Prime Minister Tran Hong Ha highlighted significant issues, emphasizing that the implementation of the Investment Construction Project goes beyond creating 1 million social housing units. He stressed the importance of industrial zone planning and proposed a need for a comprehensive plan to develop new urban areas with complete infrastructure

Phó Thủ tướng Trần Hồng Hà Phát biểu
 

Speech by Mr. Le Tu Minh

In his remarks, Mr. Le Tu Minh pointed out that the period from 2022 to 2024 has faced many challenges. However, with the collective efforts of the nation and businesses, positive signs have emerged. He further elaborated:

“Dear Deputy Prime Minister Tran Hong Ha, leaders of the ministries, local authorities, the State Bank of Vietnam, banks, and media agencies.

The years 2022-2024 have been challenging for businesses and the country. We appreciate the Government’s efforts to address these difficulties, and the country has shown signs of transformation.

Recommendation 1: The Government needs to set deadlines for implementing guidelines; it is unacceptable for the implementation of guidelines from ministries and the Government to be prolonged as in some localities currently.

Recommendation 2: The Prime Minister and Deputy Prime Ministers should help us address issues related to adjusting planning and ensure that land where financial obligations have been fulfilled is not reclaimed due to no fault of the enterprise.

Land Fund: The creation of land funds in localities is very slow: from planning to bidding can take 3-10 years, which reduces national resources. Recommendation 3:

• Localities should expedite the completion of land fund bidding.
• Bidding should focus not only on the contractor’s capacity but also on land prices and planning, as money addresses immediate needs, but planning leaves a lasting legacy for the people.

Public Confidence in the Real Estate Market: Currently, people are still not confident to return to the real estate market, and the real estate market has not yet warmed up. Recommendation 4: Stabilize interest rates at 7-9% for 3-5 years.

Encouraging Enterprises: The aspirations and resilience of enterprises are national assets that need encouragement. A business cannot develop if the owner lacks aspirations and the resilience to overcome difficulties. Similarly, a nation cannot develop without leaders who have aspirations and know how to motivate businesses and national resources to leverage their strength for the country. Recommendation 5: The Government should organize review conferences and urge guidance to remove difficulties every 3-6 months to listen to the opinions of ministries, sectors, and businesses.

Recommendation 6: Create a good investment environment. Currently, Long An is a place with a very good investment environment. The Provincial Party Committee and the leadership of Long An truly consider the difficulties of enterprises as their own difficulties, and enterprises coming to Long An feel very secure and cherished. On behalf of the businesses, I thank the leaders of Long An province.

Thank you to the Government and Deputy Prime Minister Tran Hong Ha for being very specific and determined. This has created confidence for businesses, giving them the strength to continue standing and contributing to the country.

Reporting to Deputy Prime Minister Tran Hong Ha, this time we and the businesses will study lowering the prices of our products to create liquidity, and we will tell buyers: You must thank the Government and Deputy Prime Minister Tran Hong Ha.”

The Deputy Prime Minister requested further research on the suitability of housing prices relative to people's income, and proposed that ministries study policies to create favorable conditions and incentives regarding infrastructure, land, and finance to support organizations, individuals, and enterprises involved in construction. He emphasized that difficulties related to mechanisms and policies need to be urgently addressed under state guidance to facilitate the sustainable development of social housing projects, including land planning and construction, to ensure synchronization and accuracy.