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low-income

Construction ministry urges new credit package for low-income home buyers

Construction ministry urges new credit package for low-income home buyers

The Ministry of Construction has urged the State Bank of Vietnam to study a new credit package for low-income home buyers with a preferential interest rate lower than lending rates provided by commercial banks.
Việt Nam expects a boom in affordable homes for low-income earners

Việt Nam expects a boom in affordable homes for low-income earners

The amended Law on Real Estate Business, the Law on Land and the Law on Housing will help resolve problems, maximise resources and promote the development of the property market and the affordable segment.
VN to focus on promoting housing development for low-income earners to tackle supply crunch

VN to focus on promoting housing development for low-income earners to tackle supply crunch

The Government will a project on housing development, especially for low-income earners, to tackle the supply crunch in the real estate market.
Dong Nai Province calls for investment in housing for workers

Dong Nai Province calls for investment in housing for workers

The southern province of Đồng Nai solicited investment in building houses for low-income earners at a conference on November 16.
HCM City to build 1 million units of affordable housing for low-income workers

HCM City to build 1 million units of affordable housing for low-income workers

The chairman of the HCM City People’s Committee, Phan Van Mai, said the city plans to build 1 million units of affordable housing for low-income  workers.
State Bank of Vietnam draft regulations on social housing lending cause controversy.

State Bank of Vietnam 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.
Education support needed as COVID hits parents incomes: experts

Education support needed as COVID hits parents’ incomes: experts

Thousands of families with school aged children in HCM City are striving to cope with the financial burden of their education as the new school year starts amid the severe income loss caused by the prolonged COVID-19 pandemic.
Low-income households benefit enormously from remittances: study

Low-income households benefit enormously from remittances: study

The monthly inward remittances by low-income earners average 10 times their recipients’ incomes, according to a new report by US payments company UniTeller.
Mobile banking project launched for low income people and women

Mobile banking project launched for low income people and women

Viet Nam Bank for Social Policies (VBSP) on Friday officially launched the project “Mobile Banking – Financial Inclusion and Economic Empowerment for Low Income People and Women in Viet Nam” - Phase 2 (Mobile Banking 2).
Government ignores affordable housing: experts

Government ignores affordable housing: experts

The real estate market has experienced several so-called fever periods in recent years, pushing up property prices to a level that is unaffordable for people with low or modest incomes.
Social housing lending rate proposed to be lowered

Social housing lending rate proposed to be lowered

The HCM City Real Estate Association has proposed social housing lending rates to be lowered to 3-3.5 per year to favourable conditions for low-income earners to afford homes.
EVN subsidiary launches credit package for low income borrowers

EVN subsidiary launches credit package for low income borrowers

EVN Finance Joint Stock Company, a subsidiary of the Electricity of Viet Nam Group, on Monday officially launched the consumer finance brand Easy Credit for people on low incomes.
HCM City encourages private investors to develop affordable housing

HCM City encourages private investors to develop affordable housing

 HCM City will adopt incentives to encourage the private sector to develop social housing for sale and rent.
HCMC to build apartments with price at VND300m

HCMC to build apartments with price at VND300m

Authorities of HCM City plan to develop projects to build apartments with prices at under VND1 billion (US$43,898) per unit for employees located in the city.
Social housing crucial: City leaders

Social housing crucial: City leaders

HCM City has asked relevant organisations to accelerate social housing development following Prime Minister Nguyen Xuan Phuc’s directive to build homes for low-income earners.