14:13 19/10/2021

Budget contribution from real estate down

Phan Dương -

Hundreds of commercial housing projects that are not on residential land have stalled and are unable to be implemented. A number of other projects have been completed, but financial obligations have not yet been fulfilled. These problems are part of the reason why the real estate sector’s contribution to the State budget remains low, at only about 7-8 per cent of GDP.

Photo: Illustration
Photo: Illustration