The Prime Minister requested the State Bank to continue reviewing real estate lending.

ANTD.VN - The Prime Minister requested the State Bank to have appropriate and effective solutions to help businesses and home buyers access credit more easily; banks continue to reduce interest rates and share with people and businesses.

Still have the fear of mistakes and responsibility

Concluding the conference to evaluate the implementation results of Resolution No. 33/NQ-CP dated March 11, 2023 of the Government and propose solutions to remove difficulties and obstacles for the real estate market, this afternoon, August 3, Prime Minister Pham Minh Chinh said that the implementation of Resolution 33 has had certain effects, helping the situation next month to be better than the previous month, the next quarter to be better than the previous quarter and hopefully 2023 will be better than 2022.

However, there are many problems that have been stuck for many years and cannot be solved by a meeting, a document, a year or a quarter. Besides the results achieved, there are still difficulties and problems related to the law, the development of the stock market, the capital market, administrative procedures, the promotion of decentralization and delegation of power, etc.

Some officials, civil servants, law enforcement agencies and units have a mentality of fear of mistakes, fear of responsibility, fear of legal risks, leading to shirking, slow handling, not daring to propose, not daring to decide. Organization and implementation are still weak links, need to be more flexible, proactive, creative, coordination between levels and sectors needs to be more synchronous, drastic and effective.

Regarding the future direction, the Prime Minister requested to continue to thoroughly grasp a number of guiding viewpoints. Accordingly, it is necessary to continue to persevere and steadfastly maintain macroeconomic stability, control inflation, promote growth, and ensure major balances of the economy.

Firstly, continue to review the legal framework to see where the problems are, in which documents, what content, who will resolve them, and how long it will take to resolve them; in particular, it is necessary to accelerate the establishment of real estate trading floors to promote the market's self-regulation capacity and limit administrative intervention.

Ministries and local branches focus on and urgently complete planning work with branches, regions, localities and sub-regions.

The Prime Minister requested the State Bank to continue reviewing real estate lending photo 1

Prime Minister Pham Minh Chinh delivered a concluding speech at the conference.

Second, to increase aggregate supply and demand, it is necessary to resolutely implement a proactive, flexible, loosened, timely, more effective but controlled monetary policy (reducing lending interest rates, increasing credit limits, boosting M2 money supply; accelerating debt forgiveness, debt restructuring, debt extension, debt deferral, etc.); coordinate synchronously, closely, and harmoniously with a reasonable, focused, key, effective, quick, and decisive expansionary fiscal policy; and focus on further improving the effectiveness of policy coordination.

These policies will help provide oxygen and nutrition for businesses, the Prime Minister compared.

Third, focus on promoting growth drivers, boosting production and business, creating jobs, livelihoods, income, and improving the material and spiritual life of the people.

The Prime Minister once again reminded localities and beautiful lands with convenient transportation that need to be prioritized for production and business, thereby creating jobs, attracting people to work, having people to work will lead to people to live, having people to live will lead to people to buy houses, from which real estate and urban development can be developed... This is a matter of law, proven in practice.

Fourth, restructure real estate segments appropriately, paying attention to social housing, worker housing, and housing for middle-income people. The unreasonable real estate structure makes it impossible for many people with real needs to access housing.

Fifth, promote social housing, worker housing, and renovation of old apartments. Provincial and municipal leaders need to focus on this work and carry it out substantively, effectively, and not in formality.

Sixth, the Prime Minister noted solutions on implementation organization and human resources. Based on their functions, tasks, and powers, ministries, branches, and localities must proactively implement the above solutions within their authority. If they exceed their authority, they must propose to competent authorities for consideration and decision.

Agencies encourage, motivate, promote responsibility and form the basis and legal corridor for cadres, civil servants and public employees to dare to think and dare to do their work, as long as it is impartial, transparent, for the common good, for development; and reward, discipline and handle it promptly and strictly.

Banking industry continues to share with people and businesses

Regarding specific tasks, the Prime Minister assigned the Ministry of Construction to continue to review, urge, and guide the removal of difficulties and obstacles in the implementation of real estate projects for localities and enterprises.

Coordinate with relevant ministries and agencies to continue researching and completing the dossier for drafting the Land Law (amended), Housing Law (amended), and Real Estate Business Law (amended), ensuring the consistency, unity, and feasibility of the legal system.

Coordinate with ministries and branches to direct and guide localities and enterprises to effectively implement the Project "Investing in the construction of at least 1 million social housing apartments for low-income earners and industrial park workers in the 2021-2030 period"...

Regarding the State Bank of Vietnam, the Prime Minister requested to continue reviewing credit lending for real estate enterprises; have appropriate and effective solutions for enterprises, real estate projects and home buyers to access credit capital more conveniently, both creating convenience and supporting enterprises and controlling risks, contributing to removing difficulties, promoting the development of a safe, healthy, effective and sustainable real estate market, especially considering specifically lending to projects that are about to be completed.

The State Bank shall preside over and coordinate with the Ministry of Construction and centrally-run provinces and cities to effectively implement the Credit Program of about VND 120,000 billion in preferential loans for the development of social housing, workers' housing, and the renovation and reconstruction of apartment buildings.

Commercial banks continue to share with businesses and people, creating conditions to lower lending interest rates, simplifying administrative procedures for lending; promoting the population database in credit management and lending. Banks, businesses and home buyers need to promote the spirit of "harmonious benefits, shared risks".

The Ministry of Finance will review, carefully evaluate, and deploy solutions to develop the corporate bond market; research the formation of a social housing development fund for workers; and promote public-private cooperation in social housing development.

For businesses, the Prime Minister suggested continuing to proactively organize reviews and restructuring of businesses, investment portfolios, and investment product structures to ensure they are consistent with the financial capacity, scale, and management ability of the business and in line with the real needs of society.

Urgently review, complete, report and propose competent agencies and individuals to consider and resolve legal procedures of the project to quickly deploy and implement the project to ensure compliance with legal regulations.

Concentrate adequate resources on projects that are about to be completed, large projects with high feasibility to put into operation soon, exploit to recover capital, create cash flow for businesses and increase supply to the market.

Review and restructure capital sources; focus on handling bad debts and overdue debts to create the basis and conditions for accessing credit sources, bonds, securities... to implement projects...

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