KINHTE
DINH Hl/CfNG CHIEN LU0C PHAT TRIEN DAU TlT KINH DOANH
BAT DONG SAN VIET NAM
• LE TH! HAI DliCiNG - PHAN LE NGQC CHAU
TOM TAT:
Nhffng nam g^n day, nhieu doanh nghiep da tham gia vao ITnh vffc kinh doanh bS't dong san (BDS) vdi nhidu dff an Idn co tong mffc dau Iff hang tram trieu d6 la My. Sff bien ddng cua thj trffdng BDS rat phffc tap. luc len "cdn sot", khi lai "dong bang". Do thi trffdng nay co nguon von idn trong qua trinh hoat dong nen khi thi trffdng cd sff bie^n dong tieu cffc se anh hffdng Idn, cd the gay khung hoang de'n nen kinh te cua mdt nffdc hoac mot khu vffc thSm chi tren toan cau.
Bai viet neu dinh hffdng chien Iffdc phat trien dau tff kinh doanh bat ddng san tai Viet Nam.
Tit khoa: Dau tff, kinh doanh, thi trffdng ba't dong san, dau tff kinh doanh ba^t dgng san.
l . D § t va'nde
Sff ra ddi cua Luat Dat dai nam 1993, lan dau ti6n cho phep cac hp gia dinh ca nhan dffdc chuyen nhffdng quyen va nhan quyen chuyen nhffdng sff dung dat, theo each hieu cua ngffdi dan la mua ban da't dai. Tff cho mua ban da't dai ia bat hop phap, phai nup dffdi danh nghia mua nha; nay dffdc thffa nhSn la hdp phap va viec cong khai mua ban da md ra cd hoi cho nhilu ngffdi dan cd kha nang tai chinh, cd nhu cau nha da't rieng. Lffdng cau chinh thiic ve nha, da't d bat d^u tang len tff sau ng^y LuSl Da't dai nam 1993 chinh thffc co hieu Iffc. Nam 1992 cffng la thdi diem danh da'u md dau cua thdi ky md cffa nen kinh te thu hiil cac ngudn Iffc dau tff nffdc ngoai.
Day cung la thdi diem bat dau tie'n trinh binh thffdng quan he binh thffdng hoa quan he Viet - iVIy vdi viec Chinh phu Hoa KJ- chinh thffc tuyen bo xoa bo cam v3n doi vdi Vi6t Nam. Dd la tien
de quan trong hffa hen ddng dau tff nffdc ngoai chay vao Viet Nam. Nen kinh le' ba't dau bffdc vao giai doan lang trffdng la nhan l6'cdban thiic day gia tang cau ve BDS khong chi dap ffng cho nhu cau thffc tai ma cdn ky vong cho cac nha dau tff trong tu'dng lai.
VI vay, can cd nhffng nghien cffu cd ban ve cd sd phap ly va quy luat van dgng cua thi trffdng BDS de cd nhffng giai phap thich hdp trong viec dieu chinh ndng lanh that thffdng cua thi Irffdng BDS, tff do han che nhffng ton thai, thiet hai do sff bie'n ddng tha't thffdng cua thi trffdng BDS gay ra.
Khai niem BDS riTtrgng. da dang va can dffdc quy dinh cu the bing phap luat cua mdi nffdc va cd nhffng tai san cd quo'c gia cho la BDS, trong khi qudc gia khac lai li6t ke vao danh muc BDS.
Hdn nffa, cac quy dinh ve BDS trong phap luat cua Viet Nam la khai niem md ma de'n nay chffa cd cac quy dinh cu the danh muc cac tai san.
So 14-Thang 6/2020 89
TAP CHi CONG THtfdNG
Theo Bd luat Dan sff nam 2005 cua nffdc Cong hoa XHCN Viet Nam, tai Dieu 174 cd quy dinh:
"BDS 1^ cac tai san bao gom: Da't dai; Nha, cdng trinh xay dffng gSn lien vdi dat dai, ke ca cac tai san gan lien vdi nha, cdng trinh xay dffng dd; Cac tai san khac gSn lien vdi da't dai; Cac tai san khac do phap luat quy dinh".
2. M6t sd' dae diem cua thi trffcfng BDS 2.1. Thi trUdng BDS chiu sU chi phoi cua yeu to phdp luqt
BDS la tai san Idn ctia mdi qud'c gia, la hang hoa dac bi6t, cac giao dich ve BDS tac dong manh me de'n hau he't cac hoat dong kinh te - xa hdi. Do dd, cac va'n de ve BDS deu sff chi phd'i va dieu chinh chat che cua he thd'ng cac van ban quy pham phap luat rieng ve BDS, dac biet la he thd'ng cac van ban quy pham phap luat ve da't dai va nha 6.
Dac diem nay dac biet dung d Viet Nam do thi trffdng da't dai cap I (thi trffdng so cap - giao da't va cho thud d3't) chiu tac dong nhat bdi cac quyet dinh cua Nha nffdc. Chinh phu cac nu'dc tren the' gidi deu quan tam d6'n BDS va thi trffdng BDS. luon dieu chinh chinh sach ve BDS va thi trffdng BDS nham huy dgng cac nguon Iffc ve BDS phuc vu cac muc d6u phat trid'n kinh te - xa hoi.
Bat ky Nha nffdc nao cung deu cd sff can thiep vao thi trffdng BDS 6 cac mffc dp khac nhau, trong dd chu ye'u la da't dai de thffc hien cac muc tieu phal trien chung. BDS cd tinh di biet, tin tffc thi trffdng han che, da't dai tren thi trffdng sd cap phu thudc v^o quye't dinh cua Nha nffdc nen thi trffdng BDS la thi trffdng canh tranh khdng hoan hao.
Mat khac. thi trffdng BDS khdng hoan hao cdn do tinh chd't khdng tai tao dffdc cua da't, nen ih;
Irffdng BDS mang linh ddc quyen, dau cd nhieu hdn cac thi trffdng hang hda khac.
2.2. Thi tnidng BDS cd moi lien h$ mqt thiet vdi thi triidng von vd tdi chinh. DQtig thdi phdt trie'n cua thj trUcfng ndy tdc dgng tdi nhieu loai thi trudng trong nin kinh te
BDS la lai san d^u Iff tren da't bao gomca gia tri dal dai sau khi da dffdc dau tff. Dau tff tao lap BDS thffdng sff dung mdt Iffdng vd'n Idn vdi thdi
gian hinh thanh BDS cung nhff thu hoi nguon vd'n dai. Khi BDS tham gia lufu thdng tren thi trffdng BDS, cac gia tri cung nhff cac quyen ve BDS dffdc dem ra trao doi, mua biin, kinh doanh.... giai quyd't van de lifu thdng tien te, thu hoi von dau tff va mang lai ldi nhuan cho cac ben giao dich.
Dieu nay chffng td thi trffdng BDS la dau ra quan trpng cua thi trffdng vd'n.
Ngffdc lai, thi trffdng BDS hoat dgng td't la cd sd de huy ddng dffdc nguon tai chinh Idn cho phat irien kinh te' thdng qua the chap va giai ngan (Theo thd'ng kd, 6 cac nffdc phat trien Iffdng tien ngan hang cho vay qua the chap bang BDS chiem 80% trong tong Iffdng vd'n cho vay).
Ngoai ra, thi trffdng BDS cdn cd quan hd trffc tid'p vdi thi trffdng xay dffng va qua do bac cau tdi cac thi trffdng vat lieu xay dffng va do ngi that, thi trffdng lao dgng v.v... dao ddng cua thi trffdng nay anh hffdng tdi sff phat trien dn dinh ciia nen kinh td' qud'c dan.
2.3. Thi trudng BDS thvCc chat Id thi trUdng giao dich cdc quyen vd Iffi ich chUa difng trong BDS
Dac diem nay xua't phat tff dac diem cua dal dai. D3c diem cua da't dai la khdng hao mdn V£l khdng ma'l di, ngffdi cd quyen sd hffu va sff dung da't dai khdng sff dung dat dai nhff hang hoa khac.
Dieuhg mud'n la quyen hay cac lpi ich do da't dai mang lai. Do dd. khi xem xet gia ca da't dai, khdng the xac dinh gia tri cua nd nhff gia tri cua cac hang hoa thdng thffdng ma phai xac dinh Iren cd sd kha nang sinh ldi cua da't dai va kha nang sinh ldi cua vd'n dau tff vao dat dai.
Cung vd BDS bie'n dgng cham hdn so vdi bien ddng cau va gia ca BDS
Vdi hang hoa thdng thffdng, quan he cung clu didn ra theo quy luat chung: Khi cau day gia tSng len se khich thich tang cung can bang vdi cau va keo gid quay trd lai mffc can bang. Tuy nhien, dd'i vdi hang hoa BDS, khi cau tang, cung BDS khdng the phan ffng nhanh nhff cdc loai hang hoa khac. Dd la do dac diem cua BDS can phai cd thdi gian de tao ra chung. de tao ra cac cong trinh
KINHTE
can phdi cd thdi gian tim hieu ve mpi thdng tin ve dat dai, lam dff an, lam thil tuc chuyen nhu'dng, xin phep xay dffng. thid't ke. thi cdng.
Cung BDS cd gidi han ma cau BDS lai ludn tang, cung cau dffdc coi la khdng co gian so vdi gia ca. Do v | y , trong thi trffdng BDS sff thay ddi v^ gia BDS thffdng bat dau do sff thay ddi mat cSn dd'i cung cau, hay ndi each khac, gi^ ca la do quan he cung cau quye't dinh. Sir bid'n ddng ve gia ca thi trffdng bat dau do sff thay ddi cua cau.
Khi gid giam, cau it co gian so vdi gia bdi khi gia giam nhffng giam dd'n mffc de ngffdi mua cd the mua tang them mdt ddn vi BDS; Ngffpc lai, khi gia tang, ban thSn do cau tang trong khi cung khdng theo kip lam gia tang, Khi gia lang nhffng cung khdng co gian vi tdng nguon BDS, nha't la da't dai cd gidi han, vide dau tuf phat trien phai mat nhieu thdi gian nen khi cau tang, cung khdng the tang ngay. GiS cd BDS do quan he cung cau quye't dinh, ngffdc lai gia ca lai anh hffdng dieu tiet cung va eau. Sff phan ffng cung khdng kip cau se dSn de'n sff bid'n ddng cua gia ca theo hffdng tang len, hinh thanh nhffng cdn sdt gia bat ddng sdn. Do V2iy, Nha nffdc can can thiep nham dieu chinh quan hd cung cau ve BDS, dac bidt la cd giai phdp d^ binh dn thi trffdng BDS, han chd' ve gia tang cua cau ve BDS khdng cho muc dich tidu dung (nhff nan d^u cd sinh ra cau gia tao).
Chinh vi sff hoat ddng cua thi trffdng BDS ra't can ed sff quan ly dilu tid't eua Nha nffdc va cung phu thudc vao sff kidm soat eua Nha nffdc. Qua trinh giao dich ve BDS phai trai qua khau phap ly ndn Nha nffde la mdt trong nhffng Iffc Iffdng tham gia vao thi trffdng BDS. Vai trd cua Nha nffdc bao gdm: Dam bao tinh phap ly cho hang hod BDS giao djch, Nha nffde phai kidm soat cac hoat dgng giao dich vd BDS thong qua giao dich trdn thi trffdng chinh thffc, Nha nffdc ban hanh va thffc thi cde ehinh sach tai chinh do'i vdi cac hoat ddng kinh doanh BDS.
Nha nffdc quan ly thj trffdng BDS nham phat huy tinh lAi viet cua cd chd'thi trffdng va han chd' nhffng khuyd't tat do cd chd' dd g3y ra. Thdng qua
cac cdng tac quan ly, Nha nffdc dinh hffdng, dan dat cac thanh phan kinh td', tao mdi trffdng va didu kien thuan lOi cho hoat ddng san xua'l kinh doanh BDS theo cd che'thi trffdng, kidm soat chat che va xff ly cdc vi pham phap luat trong hoat dgng kinh le", dam bao sff ke't hop hai hoa trong sff phat trien kinh te'xa hoi 6 tam vTmd.
2.4. Thi trudng BDS Id thi trUdng md viec tham gia hodc rut ra khoi thi trU&ng Id vd'n de khd khan, phiic tap vd cdn nhiin thdi gian
Thi trffdng BDS thffdng c6 gia tri Idn, ngffdi mua tren thi trffdng nay khdng ddng, viec mua ban khdng thd ddn gian va nhanh chdng nhff dd'i vdi cdc loai hang hoa khdc. BDS la nhffng ye'u to' vat eha't ben lau, khd chuyen ddi cdng nang va tinh chat, do vay khdng the thay ddi djnh hffdng dau tff khai thac ci.c cdng Irinh BDS. Dac diem nay doi hoi nhffng nha dau tff tham gia thi trffdng BDS phai xac dinh hffdng dau tff dai han, ddng thdi phai tinh loan md'i quan he giffa chu ky kmh te' va tudi thp vat ly dd quyd't dinh hffdng dau tu'.
3. Vai tro vi tri cua thi trtfoTng BDS Thi trffdng BDS cd vai tro rat Idn trong nen kinh te'qud'c dan, chiu anh hu'dng cua to'edd tang trffdng nen kinh le'dong thdi cung anh hffdng trffc tid'p de'n nen kinh Id'. Nhffng anh hffdng do de'n nen kinh te' qud'c dan dffdc thd hien qua cac mat sau:
3.1. Thi trUdng BDS gdp phdn thuc dd'y sdn xud't phdt trien
Thi trffdng BDS la nOi gap gd giffa cung va cau ve BDS, la cau ndi giffa san xua't va lieu dung BDS. Dd chinh la ndi thffc hien qua trinh tai san xua't va cac yd'u to'san xua'l dap ffng cho cac hoat dgng kinh doanh ban thSn BDS. Thi trffdng BDS la ndi thffc hien chuyen hod von tff hinh thai hidn vat sang gia tri (dd'i vdi ngudn kinh doanh BDS).
Khi thi trffdng BDS khdng dffdc thdng sud't se lam eho vd'n luan chuydn cham, anh hffdng Idn den qud trinh tdi san xua't trong nhffng qua trinh san xua't tie'p theo. Khi thi trffdng BDS phdt trien, td'c dp luan chuydn vd'n nhanh sd tao dieu kidn td't cho ngffdi kinh doanh BDS cung nhd dd ma thiic day manh qua trinh san xud't.
So 14 - Thang 6/2020 91
TAP CHi GONG THIftfNG
3.2. Thf trudng BDS gdp phdn md rdng thi trUdng trong vd ngoai nUdc, md rgng quan he quoc te
Thi trffdng chung cua mdi qud'c gia la mot the thd'ng nha't eua cac loai thi tru'dng nhff: Thi Irffdng vd'n, thi trffdng hang hod, thi trffdng lao ddng, thi trffdng BDS. Cac thi trffdng nay lac ddng qua lai Idn nhau, do do sff phat trien cua thj trffdng BDS cd anh hifdng dd'n ta't ca cac thi trffdng va thi trffdng chung cua mdi qud'c gia. Khi thj trffdng BDS phdt trie'n keo theo cac thi trffdng khdc phdt trien theo nhff: Thi trffdng vd'n phat tridn &i cung ca'p vd'n cho dau tff phdt trien; thi trffdng hang hoa, thi trffdng lao ddng la cac ye'u td' dau vao eho thi trffdng BDS ndn cung phat trien theo tffdng ffng.
Trong thdi ky hdi nhap qud'c td', thi trffdng trong nffdc gan chat vdi thi trffdng ngoai nffde. Sff phdt trien cua thi trffdng BDS gdp phan md rdng thi trffdng nffdc ngoai bang each tao dieu kien eho cdc chu the nffdc ngoai tham gia giao dich BDS trong nffdc, dong thdi cho phdp hp d^u tff phal tridn san xua't, dau tff kinh doanh va cd thd cff tru va sinh sd'ng tai dd.
3.3. Thi trUdng BBS Id mgt trong nhiing thi trUdng quan trong cua nin kinh te'thi trUdng vi lien quan trUc tie'p tdi mqt lU0ig tdi sdn Idn cd ve quy mo, tinh chat cdng nhUgid tri cua cdc mat trong nen kinh te quoc ddn
BDS la tai san Idn cua moi qud'c gia. Ty trgng BDS trong tdng sd' cua cai xa hdi d cac mrdc cd khac nhau nhffng thitdng chie'm tren dffdi 40%
Iffdng cua cai vat chd't cua mdi nffdc. Cdc hoat ddng lidn quan dd'n BDS chie'm tdi 30% tong hoat ddng cua nen kinh te'. Theo ddnh gia cua cdc chuyen gia, tdng gia tri vdn chffa dUdc khai thdc an chffa irong BDS d cdc nffde thudc the' gidi thff 3 len tdi hang nghin ly USD, gdp nhieu Ian tdng hd trd ODA cua cac nffdc phat tridn hien danh cho cdc nffdc dang phdt trien trong vdng 30 nam qua.
BDS cdn la tai san Idn cua Iffng hd gia dinh.
Trong dieu kien nen kinh te' thi trffdng, BDS ngoai chffe ndng la ndi d. ndi td chffe hoat ddng
kinh Id' gia dinh, nd cdn la ngudn vd'n de phat trien thdng qua hoat ddng the* chap.
3.4. Thi trUdng BBS phdt trien giiip m^t nguon von Idn tai cho dUt^c huy dgng
Ddy la npi dung ed tam quan trgng da dffdc nhieu nha nghien cffu tren the' gidi chffng minh va di de'n ket ludn ne'u mpt qud'c gia cd giai phap hifti hieu bao dam cho cdc BDS cd dii dieu kien trd thanh hang hoa va dffdc dinh gia khoa hpc, chinh thd'ng se tao cho ndn kinh td'cua qud'c gia dd mot tiem nang dang ke ve vd'n de tff do phat trien kinh td' - xa hdi dat dffdc nhffng muc tieu de ra.
O cdc mrdc phdt trien, Iffdng tien ngdn hang cho vay qua thd'chap bdng BDS chie'm tren 80%
trong tdng Iffdng vd'n cho vay. V\ vdy, phdt trien dau tff, kinh doanh BDS ddng vai trd quan trpng trong vide chuydn cac tai san thanh ngudn tai chinh doi dao phuc vu eho yeu cau phat trien kinh td'' xa hdi, ddc biet la dau tff phdt tnen cd sd ha tang cua nen kinh te'.
3.5. Phdt trien vd qudn ly td't thi trUdng BBS, ddc bift la thi trUdng quyen sit dung dat Id dieu kien quan trong de sii dung co hieu qua tdi sdn quy gid thuQc sd hSu todn ddn md Nhd nUdc Id dai dien chu sd hSu
Kinh nghidm cua cdc nffde cho tha'y de dat lieu chuan cua mdt nffdc cdng nghiep hoa thi ty Id do thi hod thffdng chie'm tff 60-80%. Nhff vay, phdi tndn thi trffdng BDS dd dap ffng ydu cau do thi hoa d Viet Nam la van de Idn va cd tam quan trpng dac biet. Nha't la khi Viet Nam chuyen sang cd che' thi trffdng trong dieu kien cac thie't che' ve quan IJ Nha nffdc dd'i vdi cdng tdc quy hoach chffa dffdc thffc thi cd chat Iffdng va hieu qua thi vide phdt trien va quan ly thi trffdng BDS d do thi phai di ddi vdi tang cffdng cdng tac quy hoach de khdc phuc nhffng tdn kem va vffdng mdc trong tffdng lai.
3.6. Phdt trien vd quan ly td't thi trifng BDS se gdp phdn kich thich sdn xud't phdt triin, tang nguon thu cho Ngdn sdch
Thi trffdng BDS cd quan he tru'c tid'p vdi cdc thi trffdng nhff thi irffdng tai chinh tin dung, thi trffdng xdy dffng, thi trffdng vat lidu \a> dffng. thi tnfdng
KINH TE
lao ddng... Theo phdn tich danh gia cua ede chuyen gia kinh te', d cdc nffdc phdt tridn nd'u dau tff vao ITnh vffc BDS tdng len 1 USD thi se cd kha nang thuc day cde ng&nh cd Hen quan phat tridn tff 1,5 - 2 USD. Phat tridn va dieu hanh td't thi trifdng BDS se CO tac dung thuc day tang trffdng kinh td' thdng qua eae bien phap kich thich vao da't dai, tao lap cdc cdng trinh, nha xffdng, kie'n true... dd tff do tao ndn chuyen dieh dang kd va quan trpng ve cd ca'u trong cac nganh, cac vung lanh thd va trdn pham vi ea nffde. Theo thd'ng ke cua Tdng cue Thud', cdc khoan thu ngdn sdch ed lien quan de'n nhd d, nd'u thuc day bang cd che', chinh sach va phdp luat de cac giao dich BDS chinh thffc (cd dang ky, thffc hien nghTa vu thue) va ddi mdi cd ehd'giao dieh theo gid thi trirdng thi hang nam thi irffdng BDS se ddng gdp cho nen kinh td'tren dffdi 40.000 ty ddng.
3.7. Phdt trien vd qudn ly cd hieu qud thi trUdng BBS se dap ling nhu cdu biic xuc ngdy cdng gia tdng ve nhd d cho nhdn ddn tH do thi - nong thon
Thi trffdng nha d la bd phan quan trpng chie'm ty Irpng Idn trong thi trffdng BDS. Thi irffdng nha d la thi trffdng sdi ddng nha't trong thi trffdng BDS, nhffng cdn "sdt" nha da't hau he't deu bat dau tff
"sd't" nha d va lan sang cac thi trffdng BDS khac.
Vi vay, phat tridn va quan ly ed hieu qua thi trffdng BDS nha d, binh dn thj trffdng nha d. bdo dam cho gia nha d phu hdp vdi thu nhap eua ngffdi dan la mdt trong nhffng vai trd quan trpng cua qudn ly nha nffdc vd thi trffdng BDS nha d.
3.8. Thi trUdng BDS gdp phdn vdo stf on dinh xd hQi, ndng cao ddi song cua nhdn ddn
Thi trffdng BDS trong dd cd thi trffdng dat dai, ludn gan lidn vdi chinh sach ve da't dai. O bat cff qud'c gia nao. thi trffdng BDS cung la thi trffdng quan trpng, gdp phan tao ra sff dn dinh xa hdi.
Thi trffdng BDS phat trien khdng lanh manh se ddn dd'n sff rdi loan thi trffdng, gia lang nan dau ed, budn bdn, lung doan gia ea, lam cho gia ca Idn xud'ng tha't thffdng,... Dieu do tdc ddng xau dd'n niem tin eua ngffdi dan dd'i vdi cdc chii irffdng, chinh sach, han ehd' sff phdt trien ciia BDS, anh hffdng dd'n san xud't vd ddi sd'ng ciia
con ngffdi va cac hoat ddng xa hdi ndi chung.' Thi trffdng BDS hoat ddng lanh manh se gop phdn didu hoa eung cau, binh on gia ea BDS, gdp phan lam cho xa hdi dn dinh hdn. Do do, khdng chi gdp phan ddp ffng cho san xua't ma cdn dap ffng cho tieu dung cua nhan dan thdng qua cac cdng trinh phuc vu cho cdc hoat ddng dap ffng nhu cau van hoa, the thao, vui chdi, giai tri, giao tidp cdng cdng,... Hdn nffa, con gdp phan thoa man cdc yeu eau ve ndi dn chd'n d, giao thdng, thdng tin Hen lac, sinh hoat,... Thi trffdng BDS la mdt bd phan ciia thi trffdng, do dd, sff phdt tnen cua thi trffdng nay se tdc ddng manh md dd'n sff phat trien ciia thi trffdng vd'n. thi trffdng sffe lao dgng, thi trffdng hang hod, ndi chung la tdc ddng td't de'n sff phat tridn thi trffdng, ehung.
4. Kd't luan
Phdt trien thi trUdng BBS gdp phdn doi mdi chinh sdch, trong do cd chinh sdch dat dai, chinh sdch ve BBS.
Chi thdng qua hoat ddng tren thj trffdng da't dai, thi irffdng BDS mdi tha'y ro dffdc nhffng bat cap ciia chinh sach, dac biel la dd'i vdi dd't dai, tff do de sffa ddi, bd sung va hoan thien. Quan he dal dai la quan he kinh te', quan he xa hdi, di/pc Ihffc hidn chu ye'u thdng qua thi irffdngNha nffdc se doi mdi, bd sung va hoan thien. khdng ehi cac chinh sach ma con ca cdc cdng tac quan ly dd't dai, quan ly BDS. Tff dd, khdc phuc tinh trang thi trffdng ngam ve BDS, tinh trang hanh chinh hoa cac quan he dan sff ve da't dai.
Dau tff la mdt chudi cdc hanh ddng chi cho mot chii trffdng kinh doanh nao do, ngffdc lai chu dau tff se nhdn dffdc mdt chudi cac khoan thu dam bao hoan vd'n va cd lai mdt each thoa dang.
Vdn dung de dau tu Du dn dau tu Id te bdo cd bdn cua hoat dong dau tu
Dd la tdp hdp cdc bien phdp cd can cff khoa hoc va la cd sd phap ly dffdc de xua't ve mat ky Ihudi, cdng nghe, td chffe san xua't, tai chinh, kinh td'va xa hoi lam cd sd cho vide quyd't dinh bd vdn dau tff vdi hieu qua tai chinh dem lai cho doanh nghiep va hieu qua kinh td' - xa hoi dem lai cho qude gia va xa hoi Idn nha't ed the dffdc •
So 14-Thang 6/2020 93
TAP CHi CONG THtftfNG
TAI LI?U THAM KHAO:
1. Nguydn Van Chon (2003). Kinh te Dau lUXdy dUng. Nha xua't ban Xay di/ng.
2. D6 Hau,. Nguydn Dinh Bong (2005). Qudn ly ddt dai vd Bd'l dpng sdn do thi. Nha xuat ban Xay dffng, 3. Cac trang web vd bdt dong sdn:
a. http.//www.sanbatdongsan.net.vn b. hltp://www.cbrevietnam.com c. http://www diaoconline com d. http://www.landtoday.net
Ngay nhan bai: 20/5/2020
Ngay phan bi^n tfanh gia va sii'a chi7a: 29/5/2020 Ngay cha'p nh$n dang bai: 10/6/2020 Thong tin tdc gid:
1. LE THJ HAI DlJCJNG 2. PHAN LE NGQC CHAU Khoa Tai chinh NgSn hang TrUcfng Dai hpc Van Lang
STRATEGIC DIRECTION OF REAL ESTATE BUSINESS DEVELOPMENT IN VIETNAM
• LE THI HAI DUONG
• PHAN LE NGOC CHAU Faculty of Finance - Banking,
Van Long University ABSTRACT:
In recent years, many enterprises have expanded their businesses in the field of real estate by launching large projects with a total investment of hundreds of milhons of US dollars. The voladliiy of the real estate market is very comphcated. Because this market has a large capital source, the market fluctuations will greatly affect the economy, possibly causing a crisis to the national economy. This article highlights the strategic direction of real estate business development in Viemam.
Keywords: Investment, business, real estate market, real estate investment.
