TẠP CHÍ ĐIỆN TỬ
Legal overlaps hampering bet88 net
Many laws and regulations on the bet88 net overlap each other and are inconsistent.
Limited capital and projects being delayed due to conflicting laws and regulations count among the main concerns of businesses in Vietnam’s bet88 net, a conference to discuss amendments to the Law on Housing and Law on Real Estate Business held by the Vietnam National Real Estate Association (VNrea) heard.
“There are about 12 laws that are relevant and regulating the bet88 net,” said Mr. Nguyen Quoc Hiep, President of GP Invest. “If laws are not consistent, they create a lot of problems.”
The current Law on Housing does not allow for the conversion ofnon-residential landto residential land, causing delays to some 400 projects in Hanoi and Ho Chi Minh City. As for the Law on bet88 net Business, there is a lack of a legal framework on the activities of intermediaries, among other issues.
Regarding capital for bet88 net, Mr. Vuong Quoc Toan, Chairman of the Lan Hung bet88 net Group JSC, said that if capital flows are not disentangled there will be more conjunction in the market.
Meanwhile, according to Mr. Truong Anh Tuan, Head of the Legal Department at VNrea, the country’s bet88 net does not follow the laws of supply and demand. Demand is high while supply is low, causing prices to rise, so the most important problem is finding a solution to increase supply in the market. The bet88 net is heated up by speculation, so the Law on Real Estate Business must prevent this by tackling financial issues such as taxes, fees, and technical measures.
Mr. Can Van Luc, a Member of the National Advisory Council for Monetary Policies, pointed out eight problems that need attention in the market, including unsustainable development, hindered management, an imbalance of supply and demand, and the need for regulations for new products, among others.
Dr. Vu Tien Loc, former Chairman of the Vietnam Chamber of Commerce and Industry, believes amendments to laws and regulations are needed. “We are now in the midst of an economic recovery and the bet88 net influences this recovery,” he said. “Creating conditions for the bet88 net to develop would help the economy recover and develop.”
