Prime Minister Pham Minh Chinh has just signed a document requesting more efforts to promote the development of and remove obstacles to the real estate market.

Prime Minister Pham Minh Chinh paid a working visit to the south-central coastal province of Binh Dinh on February 4, during which he inspected, and attended the inauguration ceremonies of some infrastructure projects in the locality.

From early 2023, commercial banks will increase the interest rate to 5 percent per annum from the current 4.8 percent for loans used for purchasing, and leasing social housing projects and commercial ones with an area of under 70 square meters and VND 15 million (USD 634) per square meter.

Prime Minister Pham Minh Chinh asked ministries and Government agencies to maintain flexible and effective policy responses to ensure macro-economic stability and strengthen the confidence of people and businesses amid growing challenges in both domestic and international markets.

The Ministry of Finance has sent documents to bond issuers, asking them to utilize resources to fulfill their commitments to investors, said Deputy Minister Nguyen Duc Chi on solutions to difficulties in the corporate bond market at the Government's regular press conference in Hanoi on December 1.

Prime Minister Pham Minh Chinh has affirmed to the National Assembly that the Government and local administrations will continue to drastically implement set measures and tasks while fixing shortcomings so as to realize the year's targets to the highest possible level and create a driving force for next year.

Many large firms have shown their interest in Vietnam, and the country is looking at its chances to welcome large-scale foreign direct investment inflows.

In a recent interview with the media, Politburo member and head of the Party Central Committee's Economic Commission Tran Tuan Anh discussed the positive changes that Resolution No. 18-NQ/TW about land management and use will bring about for people, the State and investors.

Prime Minister Pham Minh Chinh chaired a conference on August 1 to discuss measures to expand social housing facilities for workers and low-income earners.

Government Decree 02 issued early this year, which elaborates some articles of the 2014 Law on Real Estate business, has been in effect since March 1. Issued to replace Decree 76 of 2015, the new Decree introduces several changes in order to solve existing problems in the real estate business as revealed during the enforcement of Decree 76; at the same time, Decree 02 partly meets practical needs of real estate business activities in recent years. Therefore, the new regulations are expected to create a momentum and promote the development of the real estate business market in the future.