Experts have pointed out a number of hindrances to SOE privatization, including weak corporate governance, valuation methods and restricted foreign ownership.
Hundreds of Vietnamese firms are serving as proxies for foreigners to buy real estate units in areas vital to national security, says Deputy PM Pham Binh Minh.
Experts have called for loosened legislation to facilitate foreign ownership of property in the country.
Some delegates requested the authorities to impose strict sanctions on the misuse of land including some real estate projects illegally transferred to foreigners.
Da Nang’s Department of Construction has recently announced the list of 17 commercial housing projects which are eligible for foreign ownership.