Page 7 - Van Luc News Today

Dr. Can Van Luc of the National Financial and Monetary Policy Advisory Council gave his view on the real estate sector at a seminar on April 19.

The real estate market is a bridge connecting industries and markets in the real estate value chain. Specifically, there are 35 industries and fields related to the real estate market, with the coefficient of diffusion from 0.5 to 1.7 times.

The real estate market is still in a downturn, facing difficulties with legal and capital bottlenecks, low liquidity, high inflation, high interest rates, and high prices.

Vietnam is considering levying a special consumption tax on online video games, which has caused concern in the sector.

Vietnam is considering levying a special consumption tax on online video games, which has caused concern in the sector.

Experts believe the real estate market will improve in the third quarter once the government’s action to remove legal obstacles and credit policies begins to show results.

Online games, together with sugary drinks, barley drinks, non-alcoholic beverages and electronic cigarettes, have been grouped by the Ministry of Finance (MOF) as items subject to a special consumption tax (luxury tax).

Merger and acquisition activities in the first months of the year surged with several huge deals, signalling the Vietnamese market is ready to welcome foreign investors into projects thirsty for capital.

There have been positive signs for the property markets recovery, said industry experts and economists.

The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.