 |
Children are playing in an internal park of a social housing area in Thu Duc City (HCMC) (Photo: SGGP) |
Accordingly, the Prime Minister highly appreciates all efforts for positive signs in the real estate market lately, especially reductions in loan and credit interest rates.
Since the beginning of this year,10 social housing projects have been started, expected to offer about 20,000 apartments to those in need. 20 provinces have announced the list of 52 eligible projects for loan amounts of VND25.9 trillion (US$1.05 billion) under the VND120-trillion credit program.
To further boost the healthy and sustainable growth of the real estate market, the Prime Minister requests that related ministries, state agencies, and localities must consider this growth as an urgent and key mission. Any arisen issues should be addressed by corresponding state units in accordance with their authority without the sense of fear of responsibility or pushing away.
The Construction Minister must effectively play the leading role of the Prime Minister’s task force in this matter, urging this team to work more determinedly in order to timely tackle any problems so that real estate projects can be carried out more quickly. Those for accommodation, new urban areas, large-scale industrial parks should receive special attention.
The Construction Ministry should promptly propose necessary adjustments and supplementation for current policies and mechanisms to better promote decentralization, authorization, administrative procedure reform. Any barriers to the launch of real estate projects nationwide must be eliminated.
This ministry is asked to urge localities to review their own land planning and allocate sufficient land resource for the growth of social housing, worker housing in urban areas in compliance with the applicable law. The local authorities must ensure a sensible balance between social and commercial accommodation in their area.
Finally, the Prime Minister assigns the Governor of the Vietnam State Bank to direct commercial banks to continue fostering credit loans in the real estate field and to devise suitable measures to reduce loan interest rates.
