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Government faces hurdles in push for one million social housing units

Government faces hurdles in push for one million social housing units

Experts emphasised the need to channel funds into less risky segments like social and affordable commercial housing to ensure a balanced real estate market. They also urged swift implementation of new regulations under the Housing Law and Land Law to...
UDIC begins construction of 440 social housing projects in Hà Nội

UDIC begins construction of 440 social housing projects in Hà Nội

Spanning an area of 9,305 square metres, UDIC EcoTower accounts for approximately 23 per cent of the residential land in the Hạ Đình Urban Area. With a construction density of 40 per cent, the project will provide 440 apartments, housing...
Govt set to implement state-funded 1.2b credit package for social housing

Gov’t set to implement state-funded $1.2b credit package for social housing

The Government is set to implement a state-funded credit package valued at VNĐ30 trillion (US$1.2 billion) aimed at enhancing social housing initiatives and replacing the current package that was deemed ineffective.
Đồng Nai calls for investments in three social housing projects in 2024

Đồng Nai calls for investments in three social housing projects in 2024

Đồng Nai is calling for investments in three social housing projects in 2024 as part of an effort to to develop 12 social housing projects with a total of more than 13,000 apartment units for low-income earners and workers by...
Flexible policies needed for social housing mega-project

Flexible policies needed for social housing mega-project

More flexible policies will help incentives to attract investors and unlock the potential for expanding the social housing sector in Việt Nam.
Mixed opinions on the increase in the lending rate for social housing buyers

Mixed opinions on the increase in the lending rate for social housing buyers

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.
​​​​​​​Couples with two children should to be a priority in buying social housing

​​​​​​​Couples with two children should to be a priority in buying social housing

Việt Nam Association of Real Estate Brokers (VARS) has proposed that two children families are given a priority when buying homes at social housing projects, in order to encourage marriage before the age of 30 and increase the birth rate.
Lending rate for social housing buyers proposed to be 3-5 percentage points lower

Lending rate for social housing buyers proposed to be 3-5 percentage points lower

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.
Low-income individuals earning under VNĐ15 million per month prioritised for social housing

Low-income individuals earning under VNĐ15 million per month prioritised for social housing

The government has issued Decree No. 100, detailing certain provisions of the Housing Law regarding the development and management of social housing.
Social housing credit package to be made more preferential to increase disbursement

Social housing credit package to be made more preferential to increase disbursement

Statistics of the State Bank of Việt Nam’s Credit Department showed that to date, VNĐ1.344 trillion from the social housing credit package has been disbursed, 96.4 per cent of which was provided to project’s developers, while just a modest sum...
Việt Nam, RoK foster cooperation in social housing development

Việt Nam, RoK foster cooperation in social housing development

The two sides pledged to favourable conditions for Korean firms to implement the UDPP for which the LH has signed cooperation agreements with Vietnamese localities.
Vingroup, Techcombank propose lower interest rates and extended loan terms for social housing

Vingroup, Techcombank propose lower interest rates and extended loan terms for social housing

Vingroup and Techcombank have proposed a new social housing credit package with a fixed 4.8 per cent interest rate for the first five years, a 30-year loan term and loans covering up to 100 per cent of the purchase price.
Ministries and localities to look into delays paying out the multi billion social housing package

Ministries and localities to look into delays paying out the multi billion social housing package

The central government has directed ministries and local authorities to conduct a study into the delays in disbursing the VND120 trillion credit package for social housing and how to address them.
Social housing development must be one of localities socio-economic development targets: Directive

Social housing development must be one of localities' socio-economic development targets: Directive

There are 503 social housing projects, supplying 418,200 apartments, an increase of 6,950 units compared to March.
Challenges persist in disbursing social housing loans, urgent solutions needed

Challenges persist in disbursing social housing loans, urgent solutions needed

President of the Việt Nam Association of Realtors (VARS) Nguyễn Văn Đínhtalks talked to BNEWS about possible solutions to meet housing needs.