PM decides to cut loan interest rate for social housing buyers
Prime Minister Pham Minh Chinh has decided to slash loan interest rate to 4.8 percent a year for social housing buyers.
Lack of land funds impedes social housing projects
Although many low-income earners expected to have a house, social housing projects in Ho Chi Minh City only meet 5 percent of the demand. One of the main bottlenecks for social housing project construction is the lack of suitable land funds.
Social housing supply in HCMC meets about 20 percent of workers’ demands
So far, the number of social housing apartments in Ho Chi Minh City only meets about 20 percent of the demand among low-income workers.
HCMC to focus on developing worker accommodation, social housing programs
Chairman of the Ho Chi Minh City People's Committee Phan Van Mai informed that the city is focusing on implementing 18 projects, reviewing and completing the project of replacing 20,000 houses on and along the canals and developing worker accommodation, and social housing programs.
Ministry plans for one million social housing projects
Minister of Construction Nguyen Thanh Nghi has just submitted to the Government an investment project to build one million social houses for low-income people and workers in industrial parks and export processing zones in the 2021-2030 period. For the feasibility of this plan, many solutions are needed.
Lack of medicine for medical treatment unacceptable: NA deputy
According to National Assembly deputy Nguyen Anh Tri from Hanoi, the lack of medicine for medical treatment is unacceptable.
Binh Dinh Province approves joint venture to implement VND2.9-tril urban project
Binh Dinh Provincial People's Committee, on October 6, signed a decision approving a joint venture investor to implement the Van Ha Urban Area project in Nhon Phu Ward, Quy Nhon City, Binh Dinh Province, with an area of 49.76ha, and total investment capital of over VND2.9 trillion.
No investor of social housing projects gets loans with lower interest rates
After the support package of VND 30,000 billion (US$ 1,268,077,766) for social housing loans ended in 2016, the State Bank implemented social housing loans with preferential interest rates of 4.8 percent per year according to Decree 100 2015. However, because the budget has not been allocated to provide interest rate compensation to designated participating commercial banks which can’t lend. As a result, no investors in social housing projects can get loans with lower interest rates.
PM requires to implement solutions for healthy development of real estate market
Vietnamese Prime Minister yesterday issued Directive 13 on several solutions to ensure the healthy and sustainable development of the real estate market.
At least 1 million houses for low-income workers to be built by 2030
The Prime Minister yesterday requested the formation and implementation of the project ‘Building at least 1 million Social Houses for the Low-Income, Workers in Industrial Parks from 2021-2030’, specially to boost the development of social housing.
Low-income earners hardly access loans for buying social houses
Low-income people have difficulty accessing loans to buy social housing due to complicated regulations and procedures; plus, very few social housing projects completed and as a result, the supply can’t meet the growing demand.
HCMC well prepares accommodations to lure workers for socio-economic development
At the sixth plenary session of the tenth tenure People’s Council of Ho Chi Minh City this morning, delegates started to discuss key matters in the socio-economic development of the city.
HCMC formulates plan for housing development during 2021-2025
Yesterday, the Office of the People's Committee in Ho Chi Minh City said that Standing Vice Chairman of the municipal People's Committee Le Hoa Binh had just approved the plan for housing development in the city for the period of 2021-2025.
District 7 asked to build social housing for low-income people
Chairman of the People's Committee of Ho Chi Minh City Phan Van Mai hoped that District 7 will be the pioneer in building social houses to replace dilapidated shelters on canals, worker accommodation, and social housing for low-income people in association with urban renewal to convert the district into the city’s southern regional center.
Housing for workers requires multiple contributions
Many economic experts have suggested tapping a multiple number of sources for contributions for providing proper housing for workers, instead of just relying on State budget.
HCMC finalizes plan for school reopening: City Chairman
Chairman of Ho Chi Minh City People's Committee Phan Van Mai emphasized that city administration will work with the education sector and the health sector this week to soon finalize the plan for school reopening after Covid-19. Particularly, students in outlying districts of Cu Chi and Hoc Mon possibly go back to school earlier than their peers in other districts.
Ho Chi Minh City plans better housing for workers
Ho Chi Minh City is currently making immense efforts to revive manufacturing units once again, as the pandemic conditions begin to ease and life is returning back to a new normal.
HCMC’s recovery plan to focus on solving problems of businesses, people
The HCMC People’s Committee will focus on improving administrative procedures and investment environment, solving problems in projects of businesses and people, providing capital and human resource to enterprises that can help organizations and individuals to participate in the city’s socio-economic recovery plan, said Chairman of the HCMC People’s Committee Phan Van Mai at the third meeting of the 10th-tenure People's Council of HCMC on October 19.
SBV draft regulations on social housing lending cause controversy
The State Bank of Vietnam (SBV) has proposed that commercial banks not be allowed to provide preferential loans to low-income people seeking to purchase, lease and lease-purchase social houses.
HCMC needs to gradually reopen amid Covid-19 pandemic with strict management
HCMC is seeking measures for the economic activities amid the ongoing Covid-19 pandemic. Districts of 7 and Cu Chi have been selected to trial the implementation of returning life in the “new normal" state and learn to live with the virus.