Bank proposes 4.8 percent interest for social housing loans

Bank proposes 4.8 percent interest for social housing loans

The Vietnam Bank for Social Policies (VBSP) has submitted proposals to the Prime Minister on the interest rates for preferential loans to rent and buy social housing or build, upgrade, and repair houses in 2019, with the suggested annual rate of 4.8 percent.
Construction ministry to focus on social housing

Construction ministry to focus on social housing

Deputy Prime Minister Trinh Dinh Dung asked the Ministry of Construction to pay attention to the development of social housing projects and homes for low-income earners while enhancing urban management and creating favourable conditions for construction businesses.
Social housing meets 28 percent of workers’ demand

Social housing meets 28 percent of workers’ demand

Vietnam has to date completed 87 social housing projects with some 28,800 apartments for workers at industrial parks (IPs), meeting just 28 percent of the demand, according to the Ministry of Construction.
HN aims for more social housing by 2020

HN aims for more social housing by 2020

Ha Noi’s property market will have more supply of social housing products for low-income people by 2020 in order to address the paucity of those products on the market combined with the over-supply of commercial houses.
HCM City encourages private investors to develop affordable housing

HCM City encourages private investors to develop affordable housing

HCM City will adopt incentives to encourage the private sector to develop social housing for sale and rent to address the city’s shortage of affordable homes for low-income families and industrial park workers.
Social housing development boosts economy: Minister

Social housing development boosts economy: Minister

Social housing development not only improves societal strength but also boosts the economy overall, said Minister of Construction Pham Hong Ha, emphasising that Government spending on social housing can lift the real estate industry as a whole.
Social housing projects halted by capital shortage

Social housing projects halted by capital shortage

In April 2017, the National Assembly Standing Committee granted the Việt Nam Bank for Social Policies (VBSP) VNĐ2 trillion ($88 million) to implement the housing assistance programme for those who have contributed to the revolutionary cause. However, both homeseekers and enterprises were unable to access the preferential loans.
Viglacera pours $22 million into Phu Ha Industrial Park

Viglacera pours $22 million into Phu Ha Industrial Park

Viglacera pours $22 million into a social housing and a wastewater treatment plant to attract more investors to Phu Ha Industrial Park.
Getting property back on track

Getting property back on track

In a recent exchange with VIR, Minister of Construction Trinh Dinh Dung discusses a range of measures to put the troubled property market on a sustainable development path.
Lending to start climbing north

Lending to start climbing north

Banks’ consumer lending is expected to heat up in the wake of a state policy incentive proposal to be rolled out this quarter.
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