Continuing the National Assembly’s seventh session, NA deputies had group discussions about draft amendments to Laws on Housing and the Real Estate Business on the morning of May 27.
NA deputies have group discussions about draft amendments to Laws on Housing. (Credit: qdnd.vn)
Many deputies agreed with the necessity of amending the current Housing Law to diversify housing types which respond to demand and affordability of different groups in the society, and to improve housing management.
They asked for unified regulations in the Land Law and the Civil Code to avoid conflicts in real estate transactions.
They also agreed with regulations in Articles 155 and 157 on house ownership of Overseas Vietnamese and foreign individuals and organisations in Vietnam, which encourage foreign investment in the country and attract resources for national development, contributing to boosting international integration and matching with international practices. However, they asked for closer regulations to ensure national interests, political security, social order and safety, as well as national security and defence.
Several deputies asked for adjustment of a regulation in Part 3, Article 14 on the State’s capital support to people with housing difficulties, suggesting that the State should not support them directly with capital, but instead with preferential policies on land use fees or lending policies.
Regarding the development of public housing, many deputies suggested that public housing should be used only when it is really necessary because of economic difficulties and limitations of the State budget.
Deputy Nguyen Minh Quang from Hanoi asked for a review of the draft amendment on allowing foreign organisations and individuals to be allocated with land and to lease land for real estate business use, as the 2013 Land Law does not allow them to receive any transfer of land use rights.
He agreed with the regulation on the minimum capital of VND50 billion (US$2.35 million) to businesses or collectives trading in real estate to avoid fragmented business, but he said that the capital is too high, nine times the current regulated capital of VND6 billion. This can hinder operating real estate businesses from selecting suitable business models as they have to supplement such a large amount of capital. Quang suggested a required capital of VND29 billion.
Source: VNA - Translated by Nhan Dan Online.