HCM City vows to help real-estate firms

Ho Chi Minh City authorities have pledged to continue providing assistance and creating favourable conditions for real estate companies at a dialogue between the city government and businesses.

Speaking at the event on August 30, Tran Trong Tuan, director of the city’s Department of Construction, said any shortcoming in management and operation of State agencies related to construction licensing and real estate activities would be adjusted to facilitate businesses.

More than 200 representatives from 150 enterprises and associations attended the meeting to learn more about guidelines and regulations from State agencies in construction and real estate.  

The directors of the departments of Construction as well as Natural Resources and Environment, and representatives of related departments, addressed all questions posed by businesses. 

The meeting, organised by ITPC and the departments of Construction and Natural Resources and Environment, was held to resolve difficulties for real estate businesses and help them follow State policies. 

The organiser received 13 questions in advance from businesses, most of which were related to issues such as regulations on real estate purchase contracts and foreigners’ rights to buy houses in Vietnam.
Questions about procedures for granting certificates of construction of buildings for organisations and individuals, business registration of apartments for lease, contracts for construction consultancy, procedures for licensing construction, transfer of projects, and supervision of construction of public works, were among others. 

The meeting also discussed legitimate rights and obligations of residents at apartment projects, as well as disputes between residents and investors, including maintenance and management fees that residents have to pay as part of the contracts they sign with the investors, in addition to ownership of office-tel apartments under current laws. 

Tuan said State agencies would continue to give support to businesses, but expect businesses to conform to regulations, including financial obligations to State agencies.

Since 2012, ITPC has regularly worked with other agencies, including the Department of Construction, to organise dialogues to help enterprises.
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