The ministry will closely monitor the country’s real estate market and provide regular updates on the market and work hand in hand with the Ministry of Finance to fine-tune real estate-related financial and tax policies. It will also partner with the State Bank of Vietnam to tighten stricter controls on credit services.
It plans to join hands with relevant ministries and agencies to deal with challenges in State budget allocation for the key housing programmes.
The Ministry will work more on stabilizing prices of construction materials and fuel the development and production cutting-edge building materials that help reduce costs of construction.
This year, a score of proper measures will be taken to spur the development of the affordable housing in urban areas and low-cost housing for workers at industrial parks and undertake affordable housing projects.