In response to the challenges facing the real estate market, the Prime Minister has taken decisive action by setting up a task force under the Prime Minister's Office and issuing a series of official documents, decrees, resolutions, and decisions. These measures are aimed at providing timely guidance to ministries, sectors, and localities, enabling them to implement short-term and long-term solutions to overcome obstacles and facilitate the safe, healthy, and sustainable development of the real estate market. Many efforts made by companys and commercial banks in the last few months trying to save the real estate industry and sustain other related industries are at the central of debate. This paper takes a critical view into the 4 pillar partnership model to highlight pros and cons and its potential effects into the real estate industry, and whether it can facilitate the economy into a higher and more positive new equilibrium state. The paper contributes a new theoretical approach to a well debated policy issue and pays a way to constructively evaluate the applicable of the model to promote the development of real estate companies of Vietnam current context.