The contradictions between laws applied to real estate projects will be amended to facilitate the business. However, the authority is decided by the National Assembly.
The new policies will simplify procedures, explaining that instead of 95 laws and ordinances, investors only have to relate to two legal documents regulating planning. This is a way to reduce administrative procedures and increase transparency and stability of the law.
The Ministry of Construction has proposed reforming administrative procedures to create favourable conditions for the development of low-cost, compact social and commercial housing.
TheLEADER - Hundreds of real estate projects in Ho Chi Minh City have been delayed by cumbersome administrative procedures and the authorities’ temporary halt on project approval.
Admin procedure delays are hurting them and robbing the city of increased investment, real estate firms tell HCMC authorities.