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Thousands of stalled real estate projects are expected to be unblocked under a special mechanism approved by the National Assembly through Resolution 29/2026, which is designed to address land-use violations that arose before the effective date of the 2024 Land Law and to ease difficulties for projects that have been lingering.
The Ho Chi Minh City Real Estate Association (HoREA) said it welcomed the approval of Resolution 29/2026, describing it as a “golden key” to unlock land resources and remove obstacles affecting stalled projects. The resolution takes effect on May 1, 2026.
HoREA also praised the Ministry of Justice for promptly organizing the appraisal of the draft decree guiding the implementation of Resolution 29, noting the urgency to ensure policy coherence across the legal system and to bring the policy into practice soon.
HoREA cited a proposal from the Ministry of Agriculture and Rural Development dated April 24, 2025. According to the proposal, by March 30, 2025 there were 4,489 projects with land-related obstacles, covering more than 198,428 hectares and totaling investment of about 3.35 quadrillion dong.
HoREA expects that implementing Resolution 29/2026 and the forthcoming guiding decree will unlock difficulties for about 3,338 remaining projects, including 1,524 projects under the National Assembly’s jurisdiction and 1,814 projects under local authority processing.
The association said this would help release idle land resources, supporting socio-economic development while protecting the legitimate rights of residents and customers at affected projects.
Mr. Le Hoang Chau, Chairman of HoREA, said the draft decree is being finalized for submission to the Government for consideration. HoREA added that decisive implementation of the special mechanism is expected to be a positive signal for the real estate market and a driver of economic growth, supporting the goal of double-digit GDP growth in 2026 and the following years.
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