Vietnam’s parliament continues to question ministers

The head of construction, Nguyen Thanh Ngye, will continue to respond on Friday to the concerns of lawmakers, who the day before had raised doubts about urban planning, management and handling of illegal and unauthorized construction activities.

The deputies also expressed concerns regarding the management of the real estate market and transaction problems in this area, as well as with regard to social housing and the supply of materials for important projects.

In his speech, Thanh Ngye admitted that in terms of building houses for poor and low-income families, the results do not match what was planned.

Voice of Vietnam quoted the minister as saying that so far only 7.8 million square meters of social housing have been provided across the country compared to the 12.5 million square meters required.

The construction chief also considered that ministries and sectors need to improve the legal system related to this issue to ensure an increase in supply.

He stressed that it is necessary to amend the housing, investment and urban planning laws with the relevant system of regulations and standards, as well as continue to remove difficulties in ongoing projects and focus on the effective implementation of the planned plan.

At yesterday’s parliament session, the Ministers of Planning and Investment, Nguyen Chi Dung, Nguyen Van Tang, and Governor of the Bank of Vietnam, Nguyen Thi Hung, were questioned.

In response to MPs’ concerns about loans to real estate, Thea Hong explained that credit management should help curb inflation and stabilize the overall economy.

He said that the market should mobilize capital through various channels such as direct investment, stock market, corporate bonds and the state budget, and explained that credit is only one of the sources of financing the real estate sector.

In addition to concerns about the construction sector, today’s Vietnamese parliamentarians will address, among other things, issues related to the management of state auditors, access to information, website management, illegal collection and sale of personal data.

rgh / mb