| Vietnam to ease real estate investment policy |
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(Listed Jun 27, 2008) |
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 Vietnam’s ambassador to Singapore Nguyen Trang Thanh, speaking at a real estate seminar in Singapore, discusses Vietnam’s efforts to make the country more business-and investment-friendly.
“Vietnam will make it much easier for business and investment by ensuring market rules are fully in line with demands of international economic integration and internationally-accepted practices and rules.
“We know there must be greater transparency, openness and equal opportunities for all economic sectors to be on competitive ground to participate actively and efficiently in the market.
“We’re now diversifying real estate products developed [into] houses for rent, offices and business space.
Appropriate measures will be taken to boost demand for low-income housing customers and enhance competitiveness in the domestic real estate market as compared to other markets in the region to make it more attractive to investors.
“The government, from the central down to local levels, will improve planning in land use and real estate development.
“There’ll be additional reforms in the land financing policy.
The state will be more proactive in regulating land prices on the basis of market supply and demand, and building the land bond tax system in line with the overall land policy of the government.”
Source: Bloomberg
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