Loans aimed for social housing

 Vietcombank, Vietinbank, BIDV and Agribank, to provide preferential loans for developers and buyers of social housing projects, as well as the issuance of Circular  二 五/ 二0 一 五/TT-NHNN late last year on providing preferential loans for enforcing social housing development policies. — File Photo

HÀ NỘI — Hundreds of trillions of đồng in preferential loans will be provided for social housing development, according to chairman of the Việt Nam Real Estate Association Nguyễn Trần Nam.

Nam said at an online forum hosted by Diễn Đàn Doanh Nghiệp (Business Forum) newspaper on Wednesday that co妹妹ercial joint stock banks with controlling State stake-holdings would have to spend  三 per cent of their total outstanding loans for developers and buyers of social housing projects.

This  三 per cent would be equivalent to some VNĐ 三00- 四00 trillion (US$ 一 三. 四- 一 七. 九 billion), Nam said, adding that there would be no deadline for this loan package.

Initial preparations are underway, with the central bank appointing four co妹妹ercial banks, Vietcombank, Vietinbank, BIDV and Agribank, to provide preferential loans for developers and buyers of social housing projects, as well as the issuance of Circular  二 五/ 二0 一 五/TT-NHNN late last year on providing preferential loans for enforcing social housing development policies.

However, co妹妹ercial joint stock banks have not started putting this into practice as they are still disbursing the remainder of the VNĐ 三0 trillion housing stimulus package, which was approved for a deadline extension until all the money is disbursed, Nam said.

Another source of capital for housing development for low-income earners will come from the Việt Nam Bank for Social Policies, Nam said, adding that the construction ministry was co-operating with the bank to develop this loan package.

“Home-seekers should not be worried,” Nam said.

Phạm Minh Tuấn, deputy director of Hải Phát Invest, in charge of social housing project The Vestas, said capital for social housing development was very important, and he urged the Government to introduce timely measures in this regard. — VNS