The People's Committee of Can Tho held a meeting with the city's real estate enterprises last Friday in a bid to remove obstacles facing their business operations.— VNS File Photo

CAN THO (Biz Hub)— The People's Committee of Can Tho held a meeting with the city's real estate enterprises last Friday in a bid to remove obstacles facing their business operations.

Firms presenting at the meeting complained about the city's regulation which call for them to deposit 3 per cent of the investment for each real estate project, saying that the rate was too high and was hindering businesses which are already struggling with capital shortages.

The time and cost needed for businesses to fulfil administrative procedures was also problematic, the firms said. They called for more support from local authorities to help them secure investment, clear land and develop affordable housing projects.-VNS