Vietnam to study and amend regulations on prudential ratios for capital mobilization by real estate enterprises

Study on and amendment to regulations on prudential ratios for capital mobilization by real estate enterprises

According to the Resolution, regarding the short-term tasks and solutions, the Government of Vietnam requests the Ministry of Construction of Vietnam and People's Committees of provinces and centrally affiliated cities to urgently study and propose solutions to difficulties in legal matters and construction investment procedures for real estate projects;

Continue to strictly supervise activities of the real estate market and the capital mobilization by real estate and construction enterprises;  

Study and amend regulations on prudential ratios for the capital mobilization by real estate enterprises and submit reports to the Prime Minister of Vietnam in the II quarter of 2023.

Continuation of reform of tax administration for household businesses

In the short-term tasks and solutions, the Government requests the Ministry of Finance of Vietnam to:

- Continue to reform tax administration for household businesses to gradually reduce the differences between tax policies of enterprises and tax policies of household businesses; submit reports to the Prime Minister of Vietnam in the II quarter of 2023.

- Direct the General Department of Vietnam Customs to take charge and cooperate with ministries and central and local authorities in studying and drastically simplifying modern administrative procedures; or

Consider applying prioritized import and export procedures to support enterprises to optimize the time and cost at stages implemented domestically to accelerate procedures for importing essential goods and exporting agricultural products and main exports.

- Monitor and assess activities of the corporate bond market according to Decree No. 08/2023/ND-CP and nullify several Articles of Decrees on private placement and trading of privately placed corporate bonds in domestic market and offering of corporate bonds in international market.

Resolution No. 58/NQ-CP of the Government of Vietnam comes into force as of April 21, 2023 and replaces Resolution No. 35/NQ-CP dated June 15, 2016.

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