A seminar on measures to unleash domestic and foreign investment capital in the Vietnamese real estate market will be held by The Investor in Ho Chi Minh City on Friday.
In recent times, the property market and businesses have encountered huge difficulties, especially in terms of capital and legal procedures. In the context of global uncertainties and the world economy at risk of recession, Vietnam's economy is facing many new challenges, and pressure on the realty market is increasing.
To ease these difficulties, the government on March 11 issued Resolution 33 on a number of solutions designed to remove difficulties for and promote the safe, healthy and sustainable development of the real estate market.
The resolution requires the drastic and strong engagement of ministries, agencies and localities to remove difficulties and revive the ailing property market, including those related to credit, bonds, and investment funds.
On March 5, the cabinet issued Decree 08/2023 amending and supplementing Decree 65/2022 on private placements of corporate bonds.
The new decree specifies new responsibilities for bond issuers. It allows extending the terms of bonds by up to two years, suspends a regulation under Decree 65 on defining an individual's status as a "professional securities investor", and requires businesses to have a credit rating.
However, how to implement the resolution and decree to unleash capital flows and promote the healthy and sustainable development of the real estate market remains a big question.
The seminar is expected to offer a platform to discuss and thoroughly assess capital challenges to the real estate market as well as international and domestic factors affecting the market in the new context while proposing solutions to unclog domestic and foreign capital flows.
The event will see leaders of ministries, agencies, local governments, economic experts, and representatives of domestic and foreign businesses.
The seminar will take place from 8:30-12 a.m. at the Ministry of Planning and Investment’s southern office No. 289 Dien Bien Phu Street, Vo Thi Sau ward, District 3, HCMC.
On March 17, The Investor had organized a seminar in Hanoi on measures to unleash the capital market.