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MOC moots fresh projects

Update: November, 16/2013 - 08:52

HA NOI (VNS)  — The Ministry of Construction has for the third time proposed more property projects to spread capital out of its VND30 trillion credit package.

These include nine new social housing projects and four more being converted from commercial housing projects.

The ministry has also proposed that the State Bank of Viet Nam ask eligible banks to speed up the process of assessing and disbursing capital from the credit package for property projects.

The State Bank said it would consider disbursement of capital for those projects based on the ministry's proposal.

In the past, the ministry proposed 59 projects in 26 provinces and cities to spread capital from the credit package. — VNS

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