Hà Nội wants to shorten the approval time and create conditions for it to implement transit-oriented development projects that maximise the amount of residential, business and leisure space within walking distance of public transport.
Vietnam s increased demand for infrastructure development in the coming years requires governmental policies that encourage the private sector s participation, said economists and policymakers.
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The revised Law on Land, designed to ease bottlenecks in the real estate market, is also required to ensure synchronisation to improve the efficiency of land management and use. Scheduled to be approved by the National Assembly in 2023, the legislation will act as a driving force for Vietnam’s economy in the next period.
The Ministry of Construction (MoC) has proposed that real estate projects must sell their products on real estate trading floors, according to the draft amending the Law on Real Estate Business.