(VOVworld) - National Assembly deputies on Friday discussed draft revisions to the Law on Property Trading. A deputy from Ho Chi Minh City, Tran Du Lich, expected that the revisions would protect customers and facilitate state management by transparent regulations: “The revision has removed obstructions to property market development and ensured fair competition. For instance, property owner who leased out their flat does not need to register for business operation. Investors will be able to get involved in property transfer as real estate business is recognized as part of the value chain.” Deputies called for a comprehensive review of relating laws to prevent legal conflicts and loopholes and ensure consistency. They recommended a minimum legal capital of 20 billion dong for property business start-up.
In the morning, deputies discussed draft amendments to the Law on Housing. They agreed on easier conditions for foreign individuals and organizations to own houses in Vietnam but asked for residence regulations to prevent speculation. Deputies will discuss reports by People’s Supreme Court and People’s Supreme Procuracy on judgment enforcement and anti-corruption.