A dilapidated apartment building at 23 Lý Tự Trọng, District 1, HCM City.

HÀ NỘI — The Ministry of Construction has identified 11 housing projects that are eligible for interest rate support of 2 per cent a year from the State budget.

The move is in line with the Government's Decree No 31/2022/ND-CP issued in May, 2022 on interest rate support from the State budget for loans to enterprises, cooperatives and business households.

The projects being approved this time include seven projects to build social housing and housing for workers, and four projects to renovate old apartment buildings in HCM City and Bình Định Province.

Those projects in HCM City are the social housing project under the Long Trường Ward housing project in Thủ Đức City with 558 apartments; the Lý Thường Kiệt social housing project in Ward 14, District 10 with 1,245 apartments; the social housing project for workers to rent in the District 2 Industrial Cluster, in Thủ Đức City with 1,040 apartments; the project to replace old apartments at No 23 Lý Tự Trọng, District 1; the project at 128 Hai Bà Trưng, District 1; the project at 350 Hoàng Văn Thụ Street in Tân Bình District.

In Quy Nhơn, Bình Định Province, four social housing projects eligible for support are Tân Đại Minh with 854 apartments; Ecohome Nhơn Bình with 1,380 apartments; An Phú Thịnh with 926 apartments; and the social housing project in North Ha Thanh River urban area in Nhơn Bình Ward with 342 apartments.

A project to renovate the Trần Bình Trọng apartment building at 145A Trần Hưng Đạo Street is also subject to the preferential interest rate.

This is the second batch of projects getting the nod from the Ministry of Construction to receive State support. Previously, after reviewing reports from 41 localities that proposed 240 projects, the ministry approved four projects in the first batch. VNS