Resolution No. 33/NQ-CP dated March 11th, 2023 of the Government on certain solutions to resolve difficulties and promote the real estate market to develop safely, healthily, and sustainably

This Resolution is to generally offer the Government’s solutions to resolve difficulties for the real estate market and housing, including completion of legal system, capital mobilization from credit sources, bond issuance, etc.

Notably, in May 2023, the Ministry of Construction will prepare bills of the Law on Housing (amended), the Law on Real Estate Business (amended) and report them to the Government, submit them to the National Assembly for consideration and comments at the 6th meeting in October 2023.

Especially, with regard to the social housing sector, in May 2023 the Government will submit to the National Assembly for consideration and promulgation Resolution of the National Assembly on piloting a number of policies to promote development of social housing and the State Bank of Vietnam will preside over the implementation of a credit program of about VND 120,000 billion for investors and buyers of social housing projects, workers' houses with interest rates during the preferential period 1.5-2% lower than the average medium and long-term VND lending rates in the market.