Under the draft resolution, the Government will focus on dealing with inventories, supporting the market and investment, providing credit assistance to business circle, and unfreezing the real estate market.

Defusing the frozen real estate market is one of the Government’s top priorities. Last week, PM Nguyen Tan Dung had working sessions with Ha Noi and Ho Chi Minh City to seek facts and figures of the market.

The Government will continue to improve legal framework for land, urban development, housing, real estate business and enhance State management over planning and urban development plans, the draft document says.

Investors will be allowed to transform commercial housing projects into social housing ones as part of the effort to meet the real demand.

Regarding non-performing loans, the State Bank of Viet Nam will be tasked to review and re-assess non-performing loans, and classify types of bad debts for proper solutions.

The central bank is also expected to perfect legal regulations on credit safety in a bid to control and reduce credit institutions’ risks./.

By Huong Giang