The 2024 Sourcing Fair of Supporting Industry with Buyers (SFS) that opened in HCM City on August 28 seeks to link up Vietnamese parts suppliers with foreign and domestic manufacturing firms.
Việt Nam Bank for Social Policies has announced that the lending rate for social housing purchases and home repairs is increasing from 4.8 per cent to 6.6 per cent per year, applied on both existing and new loans.
The Ministry of Construction has agreed with the State Bank of Việt Nam’s proposal to offer preferential lending rates for homebuyers who borrow from the VNĐ120 trillion social housing credit package.
Gold buyers must exercise caution and try to pick the right time to buy or sell to avoid incurring losses and minimising risks as the prices of the precious metal can go lower in the short term.
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.
According to the HCM City Real Estate Association (HoREA)''s report sent to the VCCI, this concern is about high-interest rates of preferential loans under this credit package for social housing buyers and renters.
Leading distributors and retailers in Latin America will attend Vietnam International Sourcing in HCM City in June to look for large volumes of a diverse range of products, according to the Ministry of Industry and Trade.
The HCM City Real Estate Association (HoREA) has proposed allowing private housing buyers to access a credit package of VNĐ120 trillion (US$4.87 billion) to promote real estate consumption growth.
According to a survey from the Vietnam Real Estate Association (VNREA), investors and buyers of social housing projects must take loans with high interest rates. These interest rates have made it difficult for investors and buyers.
The Ministry of Construction has proposed the Government arrange a credit package worth around VND110 trillion ($4.6 billion), but later retracted the package proposal, opting for the implementation of the VND120 trillion package raised by the State Bank of Viet Nam.
The Korea Trade-Investment Promotion Agency (KOTRA) in Ha Noi has organised a trade event to boost commercial links between Vietnamese buyers and Korean sellers.
Foreigners have bought some 16,000 housing properties across the country since they were allowed to in 2015, according to the Ho Chi Minh City Real Estate Association (HoREA).