SBV keeps preferential interest rate for social housing unchanged
PolicyThe 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).
Affordable housing program in limbo after money runs out
MarketVietnam rolled out an affordable housing program, but when its billion dollar allocation ran out, many projects stalled.
Binh Duong province strives for more social housing
PolicyThe southern province of Binh Duong has proposed the Government allow it to keep some of the money gained from the equitisation of local State-owned enterprises to fund the development of housing for low-income earners, including workers at industrial parks.
Property market must shift towards low-cost housing: Construction Ministry
PolicyThe Ministry of Construction has proposed reforming administrative procedures to create favourable conditions for the development of low-cost, compact social and commercial housing.
HCMC to develop resettlement housing without using State funds
PolicyHo Chi Minh City plans to develop social housing on its own instead of building new resettlement housing with state funds, to accommodate residents who have to relocate to make room for the city’s adjusted zoning plans, according to the city’s People’s Committee.
Social housing sold wrongly in HCMC will be revoked
PolicyAfter trying any way possible to buy social homes, some buyers have rented or sold their homes for money instead of staying there.
Hanoi to review brokerage and purchase of social housing
PolicyThe Hanoi People's Committee has just received a document from the Ministry of Construction (MoC) requesting inspection and reorganization of brokerage and purchase activities of social housing projects in the capital city.
Social homes for rent fail to attract customers in Hanoi
MarketThe uptake for social housing in Hanoi has been disappointingly low due to indifference from the intended target customers.
Lending rate for social-home loans rises to 5%
PolicyHCMC – The annual preferential interest rate at designated credit institutions for social housing loans has risen to 5%, up 0.2 percentage point year-on-year, according to a decision by the Prime Minister.
HCMC faces social housing shortage
InvestmentWhile Ho Chi Minh City has a surplus of houses for relocated residents, people in need of social housing still face a severe shortage.
