28-11-2020That is the assertion of Mr. Nguyen Dinh Trung, Chairman of the Board of Directors of Hung Thinh Corporation. According to Mr. Trung, the future will be a great opportunity for Vietnam's real estate industry, the problem is the Government's policy to create favorable and transparent conditions for enterprises and investors... contributing to socio-economic construction and development.
Illustration: Construction Newspaper
Development trend
Mr. Nguyen Dinh Trung, Chairman of the Board of Directors of Hung Thinh Corporation, said that if before 2010 the real estate market (real estate) was mostly popular for apartment projects and bare land/low-rise houses, from 2010 besides traditional residential real estate products, commercial, service, retail, tourism, resort, luxury apartment... real estate products (such as shophouses, officetels, condotels, etc.), hotel apartments, resort villas...) received a lot of attention from employers and investors.
According to Mr. Trung, Vietnam owns a long coastline and many famous sites that attract a large number of domestic and foreign tourists, this is a smokeless industry that has been developing with great potential and sustainability, creates more jobs, improves income and increases tax revenue as well as promotes local infrastructure development.
“It is not difficult to understand the trend of tourism real estate products in the 2010s, it was a real need and brings economic benefits to society. Until now, when the epidemic is over and the world economy is showing strong signs of recovery, we can predict that the demand for tourism real estate products in the early 2020s will continue to increase if the government soon makes adjustments to complete the legal framework for this type of business in the coming time,” Chairman of the Board of Directors of Hung Thinh Corporation said.
In addition, Mr. Trung also said that Vietnam with a current population of more than 97 million people, the pressure on housing and apartments in cities will be great, especially high-class apartments, smart apartments and many utilities for 8X - 9X generation. But it does not mean that the demand for affordable apartments will decrease.
In fact, young workers in "satellite" urban areas and in industrial parks are facing a lot of difficulties in accommodation, affordable commercial apartment products with an area of less than 50m2 have not been paid attention while social housing is not enough to meet the needs.
“Demand for commercial, service, office and industrial real estate will continue to be maintained in parallel with the speed of the world economic recovery, especially with the wave of shifting production to Vietnam interested by many countries," Mr. Trung said.
Promotion solution
According to Mr. Nguyen Dinh Trung, Chairman of the Board of Directors of Hung Thinh Corporation, Land Law 2013, Housing Law 2014, Real Estate Business Law 2014 and guiding documents issued by the National Assembly and the Government for the past decade had solved many problems and created basis for the development of the real estate market.
However, legal policies failed to keep pace to adjust all "new" real estate types, there were many gaps and inadequacies in application and interpretation of the laws by competent authorities for land management issues, investment procedures, procedures for determining the project's land use levy obligations
"There are still have many gaps and inadequacies in legal policies, significantly affecting the investment environment, contributing to reducing the supply and pushing up the selling prices of real estate products for recent times," Mr. Trung emphasized.
Thereby, in order to solve current problems, and at the same time create conditions to promote the transparent and sustainable development of the real estate market, Chairman of the Board of Directors of Hung Thinh Corporation said that the Government should pay more attention to these issues. The issue of reforming administrative procedures in the field of real estate project investment, interested in further guidance on the settlement for investors is implemented, as well as the procedure for applying for a construction permit and assessing financial obligations. on land use fees.
“At present, there is still a viewpoint that the land use levy must be completed before the construction permit is granted; or for issues related to social housing obligations, investors should choose the method of implementing in money or investing in social housing at the project instead of regulating mandatory cases according to the project scale from 10ha or more” Mr. Trung said.
In addition, the Government needs to reform the method of determining financial obligations on land use levy at the project, “this procedure is very complicated in terms of the appraisal plan because it’s required to be qualitative based on market transactions, leading to the prolonging and non-transparency; the violations of the competent authorities for the past time", Mr. Nguyen Dinh Trung said, so far there have not been a really convincing solution for this problem.
More information on this issue, Mr. Le Hoang Chau, Chairman of Ho Chi Minh City Real Estate Association (HoREA) said that many enterprises had also had opinions on reforming the method of determining financial obligations on land use levy in the project.
Therefore, the Association repeatedly proposed the Government to consider the plan to determine the land use levy according to the land unit price prescribed by the state multiplied by the coefficient to simplify the price determination process; profits of enterprises after selling to buyers must also be subject to corporate income tax as regulated," Mr. Chau said.
In addition, the Government also needs to remove the inadequacies in the allocation of non-residential land in housing development projects; complete the legal framework for new real estate types
According nhadautu.vn
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