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Viet Nam eyes German housing-savings model

Update: February, 15/2014 - 08:47

HA NOI (VNS)— The State Bank of Viet Nam and the Construction Ministry are planning to set up a housing savings bank after learning of such a model in Germany.

The bank will help attract idle savings of the public for investment in housing development projects.

In Germany, home buyers sign a contract savings scheme for housing based on the money needed for their house. People save a certain amount from their incomes in a savings account. — VNS

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