The Ho Chi Minh City Real Estate Association (HoREA) has lately released a report on the outcomes of the authorities' settlement with regard to the legal issues involving 156 real estate projects in Ho Chi Minh City.
According to Mr. Le Hoang Chau, Chairman of HoREA, the handling of problems of 156 real estate projects initially achieved some positive results and contributed to increasing confidence in the market.
HoREA Chairman said that most of the 156 real estate projects subject to legal review are complex in nature, have been handled through many periods, and are entangled with many legal regulations. 
The cause is that some legal provisions lack restrictions, are not harmonized, or are not synced. There are projects using public land that fall within the policy of managing and arranging public property, moving toxic factories, or equitizing state-owned businesses without following the required processes.
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Some projects were stuck due to the need to review the calculation of land use fees and additional land use fees, leading to the suspension of implementation, the halt of capital mobilization, and the sale of houses formed in the future.
There are many projects that are entangled due to the handling of the remaining State-owned assets in the reconstruction projects of old apartment buildings, such as the public land outside the apartment block boundary, or the construction area under the common use rights previously sold price.
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In addition, many social housing and commercial housing projects have been troubled by the adjustment of the 1/2000 master plan to implement the incentive policy and approve the investment policy at the same time as the investor. The responsibility to fulfill social housing obligations of investors in commercial housing projects with a scale of fewer than 10 hectares is also a problem.
In 156 real estate projects that still have legal problems, HoREA Chairman said that the Ho Chi Minh City People's Committee has considered and allowed investors of 5 real estate projects, commercial housing, and new urban areas to raise 50% of the total capital the volume of housing products to form in the future pending legal review.
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These are five projects where the investor has performed the obligation to pay land use fees and land rents in the past. The initial removal of this difficulty has helped the real estate market in Ho Chi Minh City have an additional supply of 5,432 apartments.
In addition, the Ho Chi Minh City People's Committee has urged the District 4 housing project to evaluate and expedite the settlement procedure.
“If the authorities handle the above six projects completely, the real estate market in Ho Chi Minh City will have more than 5,500 apartments, helping to increase housing supply, create cash flow for businesses, and increase liquidity and budget revenue. Projects with similar problems also need to be quickly handled in order to open up the market gradually", said Mr. Chau.
At the meeting between the Government Standing Committee and the Standing Board of the Ho Chi Minh City Party Committee, the Chairman of the Ho Chi Minh City People's Committee - Phan Van Mai set a goal that by the end of 2023, the city will solve 50 real estate projects that are facing difficulties juridical.
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