Social housing projects wait for incentives

Demand for low-priced social houses and houses for long-term rent was high but incentive policies have not yet encouraged investors.

Việt Nam General Confederation of Labour has 5 years to renew itself Bùi Văn Cường, chairman of the Việt Nam General Confederation of Labour, talks to the ​​​​​​​Tuổi Trẻ (Youth) newspaper on the confederation’s commitments in the context of possibly new independent trade unions formed after Việt Nam accedes to CPTPP.

Precarious hillside houses pose threat to residents Many people had cleared forest land to build homes even though they knew this was forbidden.

Social-house loan interest rate kept at 5 per cent

Preferential rates will remain unchanged at 5 per cent for social-housing in 2019 according to a decision made by Prime Minister Nguyễn Xuân Phúc.

Social housing projects halted by capital shortage

People with low-incomes are now confronting a crisis as the preferential loan package of VNĐ30 trillion (US$1.3 billion) for affordable home purchases ended in 2016, with no workable alternative currently on offer.

Workers’ rentals: unrealistic policies don’t help

When municipal authorities issued a Decision No.18 in 2011 on granting preferential loans to landlords for building and upgrading houses to rent to workers, it was widely welcomed.

 

Social houses ’increasingly abused’: officials

Violations of government low-income housing policies are increasing, despite authorities' efforts to tackle the issue.

Workers in dire need of housing In five years, about one million low-income workers across the country will be in need of cheap housing, said Chairman of the Viet Nam Federation of Civil Engineering Associations, Tran Ngoc Hung in a conference.

VN needs cheaper social housing Viet Nam needs to raise policies and solutions to hasten housing development for low-income earners in urban areas and industrial zones in an effort to improve their living standards.

Social housing loans step in right direction Viet Nam News reporters Bich Huong and Nguyen Ngoc get opinions on a draft circular of the State Bank of Viet Nam (SBV) about lending to low-income house renters and hire-purchasers, plus investors in social housing projects, at a yearly interest rate of 6 per cent for three years.