No investor of social housing projects gets loans with lower interest rates

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.
The State encourages all economic sectors to participate in developing social housing for workers and low-income people.

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.

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Lengthy delays in social housing projects

For the last several years, authorities in Ho Chi Minh City have been discussing social housing projects and affordable housing schemes for low-income workers.
HCMC allocates US$5.3 mln to prepare for investment in Ring Road 3 project

HCMC allocates US$5.3 mln to prepare for investment in Ring Road 3 project

At the sixth plenary session of the tenth tenure Ho Chi Minh City People’s Council this morning, deputies voted for the approval of the Resolution on establishing delegations in charge of supervising the implementation tasks of public investment and social housing projects in the city in the period 2021- 2025. 
Despite difficulties, State budget revenue of HCMC increases robustly

Despite difficulties, State budget revenue of HCMC increases robustly

Ho Chi Minh City Statistics Office, on the afternoon of June 30, held a press conference to announce socio-economic statistics for the first six months of 2022. Despite difficulties in global supply and increasing global gasoline prices, the city's budget revenue in the first six months of the year still increased by more than 17 percent.