HCM CITY — The property industry in HCM City, and in fact the country in general, faces several problems that need urgent solutions, especially with regard to legal provisions.
Nguyễn Trọng Ninh, director of the Ministry of Construction’s housing and real estate market management department, admitted these regulations were not consistent because they were found in multiple laws.
He said HCM City should therefore draft solutions for the difficulties faced by developers, and his ministry and others would give their opinions on them.
Asked about the procedures for issuing land use right certificates, he said in general people must be granted the certificate immediately after the deal is completed.
The Ministry of Natural Resources and Environment is responsible for the issuance of red books and handles them based on each case, according to Ninh.
The Law on Investment prescribes the procedures for adjusting a project and which ones are handled by the Department of Planning and Investment and which ones by others.
The law also stipulates that the Department of Construction is the authorised agency to handle issues related to construction procedures and apartment planning and adjustment.
The Government had this year provided many solutions to help revive the market and resolve the difficulties faced by the industry, he added. — VNS