Investor puts apartments up for sale before securing land rights

Investor puts apartments up for sale before securing land rights

The social housing project Lotus Garden at Phu My District (Dong Thap Province) has not been granted a construction permit by the provincial authority, yet the project was still putting apartments up for sale.
Industrial zone workers: realities in low-quality living quarters

Industrial zone workers: realities in low-quality living quarters

Vietnam currently has 260 industrial zones in operation, with 75 more being planned, for over 16 million workers that generate massively for the country’s GDP. Industrial zone and social housing developers currently only meet less than 10 per cent of the
The need for social housing in industrial zones is vital

The need for social housing in industrial zones is vital

In the context of the pandemic, manufacturing activities in industrial zones (IZs) became nearly impossible in some southern areas, which led to the disruption of the supply chain and a shortage of labour. One reason for this situation is that localities were not interested in developing social housing for workers.
Vietnam still lacks low-priced apartments

Vietnam still lacks low-priced apartments

Vietnam has less than half of the low-income houses it targeted for in 2020, according to data from the Ministry of Construction (MoC).
Affordable housing supply fails to meet goal: Official

Affordable housing supply fails to meet goal: Official

The supply of affordable housing for low-income earners in urban areas and industrial park workers has only met around 42 percent of the target, Bui Xuan Dung, Director of the Ministry of Construction’s Housing and Real Estate Market Management Agency, told a recent workshop.
C.T Group building housing for the ambitious young of Ho Chi Minh City

C.T Group building housing for the ambitious young of Ho Chi Minh City

Customers with the drive to reach higher in Ho Chi Minh City are the target of the C.T Group’s affordable housing project, Saigon Venice.
Foreign company proposes to be allowed to buy social housing units for workers

Foreign company proposes to be allowed to buy social housing units for workers

Hon Hai Technology Group (Foxconn) has proposed the Government to allow enterprises in industrial zones (IZs) to purchase or lease-purchase social housing units for their workers.
Social housing development important to driving market out of difficulties

Social housing development important to driving market out of difficulties

Social housing could be the solution to driving the real estate market out of this difficult time caused by the COVID-19 pandemic, according to the Ministry of Construction.
Social housing projects wait for incentives

Social housing projects wait for incentives

Demand for low-priced social houses and houses for long-term rent was high but incentive policies have not yet encouraged investors.
SBV keeps preferential interest rate for social housing unchanged

SBV keeps preferential interest rate for social housing unchanged

The commercial banks’ preferential interest rates will be remain unchanged at 5 per cent for social housing this year, according to a decision of the State Bank of Viet Nam (SBV).
Social housing lending a pillar of welfare activities

Social housing lending a pillar of welfare activities

The deputy general director of Vietnam Bank for Social Policies shares the highlights of the bank’s social housing lending programme this year.
Social homes for rent fail to attract customers in Hanoi

Social homes for rent fail to attract customers in Hanoi

The uptake for social housing in Hanoi has been disappointingly low due to indifference from the intended target customers.
Social housing lending rate proposed to be lowered

Social housing lending rate proposed to be lowered

The HCM City Real Estate Association has proposed social housing lending rates be lowered to 3-3.5 per year to create favourable conditions for low-income earners to afford homes.
South Korea lends housing support

South Korea lends housing support

South Korea has been boosting its support for Vietnam to ­formulate its social housing policy currently being implemented effectively ­nationwide, bringing major benefits to local people.
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.
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