Recently, members of the National Financial and Monetary Policy Advisory Council shared about the real estate situation in Vietnam and plans to restructure the market.
1. The situation of real estate in Vietnam is currently a market that lacks supply
The demand for real estate in Vietnam is very large both in the short and long term. In the past 5 years, the licensing and implementation of projects has decreased sharply. Especially in the last 2 years, there have been almost no new projects in the real estate sector. This leads to an increasingly scarce supply of residential real estate.
2. Real estate market restructuring plan
With the policy of dismantling and promoting the real estate market, prioritizing credit capital to restore and develop low-cost housing and social housing. Experts say this is a sharp policy, consistent with reality.
Solving the problem of capital flow prioritizing recovery and developing low-cost housing and social housing is an important priority. This could create a most decisive segment restructuring. In fact, the segment that needs the largest supply is affordable housing and social housing but there is no supply. Accordingly, the restructuring plan will focus 3 basic resources on this segment, including:
– Legal procedures and mechanisms;
– Land fund;
– Capital.
This plan is expected to create a new real estate price level to help the market recover and develop again.
3. The bank carefully considers and analyzes the financial background of each business
Banks and businesses must decide on the loan value and product selling price. Experts say that it is necessary to have a realistic view of the market to solve 2 problems:
– Determining the price to restructure corporate bond debt, etc. Including negotiating with investors on asset swap. Accordingly, enterprises will exchange assets to liquidate corporate bonds. In case the high solvency is impaired, the enterprise must go bankrupt.
– Enterprises need to make efforts to self-advocacy, etc. Even have to accept liquidation of assets to handle their debts.
(According to Securities Investment newspaper on April 17, 2023)
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