According to VnTPA, through observation here, over the past years, the Central and local governments have organized many rescue conferences for the real estate industry. However, the participants are entirely sellers, banks, and project investors, not the final buyers, who are real estate buyers.
In the meetings, the Ho Chi Minh City Real Estate Association only invited sellers and supported sellers. While the market is still congested, it is largely due to the lack of purchasing power, investors have lost confidence and have taken too many risks, and the products are not suitable...
Proposing the leaders of Ho Chi Minh City People's Committee to meet with real estate buyers
Mr. Than Thanh Vu, Chairman of VnTPA, said: Ho Chi Minh City should organize a conference with only final investors and Ho Chi Minh City leaders to listen carefully to their feedback. From there, there will be a radical solution to regain investors' confidence and restore the market's purchasing power.
Mr. Than Thanh Vu also affirmed that VnTPA, with its extensive network of sellers and buyers, will support the Ho Chi Minh City People's Committee in organizing this important conference. To avoid the case where sellers send their employees to attend the conference to speak well of them, VnTPA will register and select the right participants who are the final investors. "We will support the organization and invite investors to run the conference. Holding this conference at the end of the year will make investors happy, they will feel cared for and will have a happy Tet, creating trust in the leadership of the city government," said Mr. Vu.
It is known that VnTPA was established in 2009, currently has more than 20,000 members who are leaders of domestic and foreign enterprises and investors operating in the real estate, tourism and related fields. VnTPA said it has contributed to attracting billions of USD of foreign investment into Vietnam in the tourism real estate and related fields.
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