This credit package is carried out by four State-owned commercial banks, Vietcombank, Agribank, BIDV and VietinBank, with annual interest rates from 8.2 to 8.7 per cent. This programme has been implemented since April 1, 2023.
Low-cost housing projects planned by the municipal administration should have the same quality of construction and infrastructure as their commercial counterparts, Dinh La Thang, Secretary of the HCM City Party’s Committee, has said.
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.
The Ha Noi People''s Committee has approved the CEO Group''s project for
constructing social houses in the Quoc Oai suburb, located west of Ha
Noi, on July 30.