HA NOI (BizHub) — The Ministry of Construction recently approved the first ten real estate companies for its VND30 trillion (US$1.42 billion) loan package.

Those include Dang Xa's Viglacera social housing project, Song Da Construction and Investment JSC's project in the Ha Dong area of the capital, Dai Hue Investment Construction Company's Dong Dau project in central Nghe An Province and 579 Company's project in Da Nang.

The companies were pioneers in constructing social housing projects following the Government's Resolution 02/NQ-CP, so they will receive loans with an interest rate of 6 per cent per year for 10 years.

These loans will account for VND9 trillion of the VND30 trillion package.

The list is currently being reviewed by the State Bank of Viet Nam. — VNS