More and more real estate “fake goods, contraband”
Appears a lot of “fake goods, smuggled goods”
At the second annual Spring Real Estate Forum in Hanoi organized by Vietnam Real Estate Electronic Magazine, Dr. Nguyen Van Dinh, Vice Chairman of Vietnam Real Estate Association, Chairman of Vietnam Real Estate Brokers Association shared, 2021 is a fierce year for the world and Vietnam. However, when the market slows down, real estate booms, as real estate technology has developed very strongly in the past year, helping to stimulate the real estate market. Experts say that this is a positive factor.
In addition, in 2021 there will be the appearance of F0s, also known as side-by-side investors. This fact is due to the fact that a lot of capital flows from other channels to invest in real estate.
Dr. Nguyen Van Dinh, Vice Chairman of Vietnam Real Estate Association, Chairman of Vietnam Real Estate Brokers Association.
However, besides the advantages, the real estate market in Vietnam last year also faced many difficulties. As shared by experts, the legal problems of real estate are hindering certain supply in the market.
Not to mention, in 2021, there will also be a lot of “fake and pirated goods”, such as unsuitable subdivision real estate, price fevers with potential real estate bubble risk.
But it cannot be denied that, thanks to the participation of ministries and branches, those situations have been partially resolved.
Right from the beginning of 2022, although the epidemic situation was still complicated, the market was hot in all regions, real estate transactions were still quite active, businesses were also very excited.
“However, in the long term, we will still face many crises, with inflation pushing up real estate prices, so real estate in 2022 will be quite harsh. Therefore, obstacles in legal procedures need to be removed to make it easier for real estate businesses to develop in 2022,” Dinh said.
Real estate law is the biggest bottleneck of the economy
Identifying Vietnam’s real estate market in a new context – Dr. Vu Tien Loc, Member of the National Assembly, Chairman of the Vietnam International Arbitration Center (VIAC), shared that the recovery and development of the real estate market is one of the important indicators of the recovery process. general economy. We are in a situation of double effects, which are very detrimental, the epidemic has not passed, the war has come. Double risks increase even in two aspects: legal risk, market risk.
To solve this problem requires a dual solution. Openness is understood in the broadest sense not as market opening but institutional openness. Opening up to the outside and opening inside should promote institutional reform, free up all resources, and break down all barriers to promote entrepreneurship and promote business processes. This is the most important requirement right in the current context.
In addition, monetary and fiscal support packages. These support packages are very important but always have limited scope, usually short-term impact. The most important support package is the institutional support package, to free up resources and promote entrepreneurship for the long-term development of the Vietnamese economy.
Currently, the legal system on land and real estate is the biggest bottleneck of Vietnam’s economy, while the exploitation of land resources and the promotion of urbanization are resources, as well as resources. is the most important driving force of the process of industrialization. However, these limitations are creating bottlenecks that we have not yet resolved.
Specifically, amendments to the Land Law are temporarily halted, and solutions in the field of tourism real estate have not been resolved. Therefore, solving these bottlenecks is becoming a matter of prime importance.
Recently, we have revised 8 Laws related to construction investment, but in reality, it is just “salt out of the sea”, not solving much for the bottlenecks related to the real estate market today.
On the business side: There are great opportunities but risks are always hidden, so the upcoming activities of enterprises need to focus on legal issues, especially contract law, risk prevention and legal disputes. This is an issue that Vietnamese businesses have not paid much attention to, often interested in market and partner issues, only paying attention to the right side of the medal, not the reverse side of the medal. lead to failures.
Not only businesses but also local agencies when working with foreign partners have not yet paid attention to the legal issues to protect themselves.
Dr. Vu Tien Loc, Member of the National Assembly, Chairman of the Vietnam International Arbitration Center (VIAC).
Currently, Vietnam also has organizations to resolve disputes and support businesses, of which VIAC is an organization that can coordinate with business associations to offer support programs and measures. For businessmen in the world, the method of settlement by conciliation is always the first choice, not going to court.
Because this is an amicable solution, it is important that when resolving disputes, how to maintain the relationship of customers and partners, arbitration is the most optimal solution.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
