Experts have raised concerns about the involvement of real estate companies in commercial banks, warning it may pose risks to the financial system and the whole economy.
The HCM City Department of Construction (DoC) has asked real estate companies, brokers and trading floors in the city to strengthen preventive measures against money laundering and terrorist financing.
HCM City authorities on August 30 pledged to continue providing assistance and creating favourable conditions for real estate companies at a meeting held in the city.
Many real estate companies in HCM City have failed to pay social insurance premiums for their employees in the first half of this year, according to HCM City Social Insurance.
The HCM City Real Estate Association has recommended real estate companies transform themselves into publicly listed joint-stock businesses so they are able to seek greater funding to improve business performances in 2018.
Real-estate companies commenced recruitment from the beginning of this
year to cope with the anticipated strong sales of property, along with
expectations of a recovery in the market.
The Ministry of Construction has proposed that the maximum area of
social housing apartments be raised to 90 square metres (sq.m.) from the
current 70sq.m.