social housing

The volatile crisis across banks in the US continues unpredictably with the recently declared bankruptcy by the First Republic Bank. This marks the third bank to fail in the last few months.

Deputy Prime Minister Tran Hong Ha yesterday urged the implementation of the VND120 trillion preferential credit package for the benefit of investors and home buyers in social housing and worker housing projects

As Vietnamese young people are increasingly borrowing more money to buy consumer goods, consumer credit is considered to have a lot of potential.

The market saw a strong surge in investor capital towards the end of the trading session, resulting in a significant increase in the VN-Index at the close of the week.

On May 11, the State Bank of Vietnam (SBV) and the People's Committee of Ho Chi Minh City jointly organized a conference to discuss monetary and credit solutions to support and promote the economy of the Southeast region.

Prime Minister Pham Minh Chinh has decided to slash loan interest rate to 4.8 percent a year for social housing buyers.

The supply for social housing in Vietnam, especially the Southeast region, is surplus thanks to promoting policies from the Government. The obstacle is legal issues. By addressing them, more investors will feel more encouraged pouring money here.

Prime Minister Pham Minh Chinh on April 25 asked ministries and sectors to optimise all tools to remove difficulties facing the financial, corporate bond and real estate markets.

Prime Minister Pham Minh Chinh on April 25 asked ministries and sectors to optimize all tools to remove difficulties facing the financial, corporate bond, and real estate markets.

At yesterday’s seminar "Unblocking real estate - Promoting growth" in Hanoi, real estate and banking experts said that the biggest bottleneck of the market presently is the lack of supply and capital.

The Ministry of Construction has proposed the Government allow foreigners to buy and own houses in Vietnam in the draft Housing Law (amended).

On the morning of April 18, the Ho Chi Minh City People's Council convened its 9th meeting (thematic session) to review and approve investment policies for various residential projects in the city.

The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse public investment and credit packages for social housing projects, along with positive signs of the Vietnamese economy.

The Government is focused on removing difficulties and obstacles for the capital market in 2023. It wants to remove obstacles in cash flow, support businesses, and improve competitiveness to boost the economy.

Low-income earners cannot afford social housing as the prices of these so-called affordable housing are so high.

Prime Minister Pham Minh Chinh on April 10 asked relevant agencies to take in the most of people’s opinions to ensure the draft revised Land Law matches the reality, with interests of the State, people, and businesses harmonised.

The real estate market in HCMC and neighboring provinces gradually enjoy new trades after a long nearly freezing period. This positive sign is thanks to a series of policies to address current issues for this market.

The Government assigned the Ministry of Industry and Trade to work with agencies and localities in finalizing a plan to adjust the average retail electricity price in accordance with the new price bracket and the provisions of the law.

The State Bank of Vietnam (SBV) has developed a loose monetary policy for growth support.

The real estate market in Vietnam is probably the only market that is operating in moderation and waiting for time to change for the better.