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VietNamNews

Viet Nam, Germany plan housing fund

Update: September, 22/2012 - 09:23

HA NOI (VNS)— Deputy minister of construction Nguyen Tran Nam signed a memorandum of understanding with a representative from German bank Schwabisch Hall (BSH) to develop a housing fund in Viet Nam.

Under the MoU, the two sides would establish a research team that includes experts from Viet Nam's construction ministry and relevant ministries and sectors as well as from BSH to study development of the fund.

Viet Nam would create favourable conditions for BSH to carry out market research and work with commercial banks in Viet Nam to expand investment in the country.

Meanwhile, BSH would provide international experiences and co-operate on research work in the are.-VNS

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