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
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.
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.
Prime Minister Pham Minh Chinh has just signed a document requesting more efforts to promote the development of and remove obstacles to the real estate market.
Resolution No.24 of the Politburo and the extension of Resolution No.54 of the NA are a solid political basis for Ho Chi Minh City's determination to move forward in a new spirit and mindset.
Many experts believe that the real estate market has many opportunities for growth, but before that happens there is an urgent need to untie many knots that are proving to be obstacles in its path to further development.
The relationship between population and housing is two-sided. Population growth leads to rising demand for housing in Vietnam. According to the Ministry of Construction, the proportion of the urban population is at more than 40 percent and tends to increase to about 45 percent by 2030; therefore, the country must add about 70 million square meters of housing each year.
Speaking at the conclusion of the questioning session of Minister of Construction Nguyen Thanh Nghi at the 4th session of the 15th National Assembly on November 4, Vice Chairman of the National Assembly Tran Quang Phuong said that 61 delegates registered, 36 questioned, and one argued directly. The Q&A session took place in a lively, responsible, frank, and constructive manner.
Heading to the 77th anniversary of the August Revolution and National Day (September 2), the Ho Chi Minh City Department of Construction this morning collaborated with Xuan Mai Sai Gon Construction Investment Joint Stock Company to host a groundbreaking ceremony for MR1 social housing project under Tan Thuan Tay Residential Area Project in District 7, Ho Chi Minh City.
After the struggle with the Covid-19 pandemic for a long time, Ho Chi Minh City authorities have realized many shortcomings in housing development for workers, employees, and people with low incomes. Therefore, for the stage of social-economic recovery and development, the southern metropolis has promoted the construction of social housing projects, accommodation houses, and resettlement houses to accelerate social housing projects to help immigrant workers access better living conditions.
This morning, the Ho Chi Minh City Department of Construction and the Dien Phuc Thanh Housing Construction and Trading Company jointly organized the groundbreaking ceremony of a 600-apartment social housing project in Long Truong ward, Thu Duc City.
There has been a serious decline in the real estate market in Ho Chi Minh City in the last few years. Demand has fallen a great deal, with many real estate businesses looking at projects “offshore”.
During the Covid-19 pandemic, shanties and boarding houses in slums are the places where the disease is most contagious ever. If the living conditions become better, people can cope with the pandemic more effectively, minimizing loss of life.
Ho Chi Minh City is currently implementing five construction projects of social housing with 4,758 apartments which would be expected to complete this year.
Social housing demand is currently very high but supply is limited due to a shortage of incentive policies and funds allocation for implementing preferential housing loans, which have hindered project development for the last past.
