The HCM City government has decided to allow low-income people to borrow VND500 million (US$23,000) with a maximum term of 15 years from HCM City Housing Development Fund to buy housing, up from the current VND400 million ($18,400).
The decision will take effect on May 25 and will not apply to those having their loan applications approved before the decision.
The HCM City Department of Finance said last August that the fund had disbursed over VND610 billion ($28.06 million) to nearly 2,000 borrowers in 10 years of operation.
The disbursement was modest as the fund is intended for eligible civil servants to take out loans equivalent to no more than 70 per cent of the price of a home and a maximum of VND400 million ($18,400).
Sai Gon Giai Phong (Sai Gon Liberated)
Tonnes of dead fish found in City canal
Employees of HCM City Urban Environment Co. on Tuesday collected dozens of tonnes of dead fish in Nhieu Loc – Thi Nghe Canal. Most of the dead fish were tilapia and carp.
Tran Dinh Vinh, head of the HCM City Fishery Resources Protection and Quality Management Sub-Department, said fish deaths after early rains of the season were unavoidable. Many fish died due to polluted water flowing into the canal and toxic gas accumulating underneath.
The sub-department has collected samples of water and fish to identify the cause of the deaths.
Saigon Times Daily
Vinh Phuc to develop trade centre
Vinh Phuc Province People's Committee has approved a plan to develop a network of traditional markets and trade centres in the province by 2020, with a vision to 2030.
The province would have 125 markets with total investment capital of nearly VND600 billion (US$27.6 million). There will be 71 newly built markets and 54 upgraded markets.
The province aims to help local people trade goods more easily than in older markets, which are often located in out-of-the-way areas.
Tin Tuc (News)