The HCM City Real Estate Association (HoREA) on April 10 urged the city to speed up the inspections of suspended property projects to protect real estate enterprises’ legitimate rights and prevent losses.
The HCM City Real Estate Association (HoREA) has proposed solutions for suspended property projects to avoid damages to the property market, project backers and the State.
The Vietnamese Government on May 15 issued a decree stipulating that Vietnamese traders are allowed to process legal goods for foreign merchants, excluding the commodities banned or temporarily suspended from export and import.
The bad debt in the real estate sector could be resolved if steps are taken to resume suspended projects, according to the HCM City Real Estate Association (HoREA).
Nearly 11,000 businesses were dissolved or suspended their operations in
January, reflecting a 23 per cent increase from a year ago, according
to the General Statistics Office.
The number of Vietnamese companies that have either been dissolved or
have suspended operations in the first 10 months of 2014 increased by
9.3 per cent year-on-year to 54,333.
The city''s Department of Construction has suspended work on a downtown
building complex after tonnes of steel fell off a crane truck at the
site, destroying the fence of a nearby museum.