Hanoi (VNA) – The Ministry of Construction (MoC) has been demanded to coordinate with other ministries and sectors to minimise processes and procedures for implementing social housing projects.
This is among the requests Deputy Prime Minister Tran Hong Ha made while speaking at a hybrid national conference on May 27 that discussed the draft decree on social housing development and management.
He underlined the importance of building the decrees detailing the realisation of the 2024 Land Law, the 2023 Law on Housing, and the 2023 Law on Real Estate Business, noting that they are related to people, enterprises, as well as State management at both central and local levels.
Given this, ministries, sectors, localities, experts, and business associations should give opinions to perfect the drafts so that once the decrees are issued, no bottlenecks or difficulties will appear during the implementation of the three laws, he added.
Talking about certain issues, Ha asked the MoC to work with the Ministry of Finance and the State Bank of Vietnam to devise a mechanism for mobilising and using resources for social housing development in a consistent manner. In this mechanism, the State should play the main role while funding should also come from investors of commercial housing projects and other social sources so that commercial banks do not have to bear all the financial burden when engaging in the preferential credit package for social housing.
The Deputy PM also assigned the MoC to coordinate with other ministries and sectors to simplify the criteria for recognising beneficiaries of social housing, along with the conditions for renting and buying this type of housing.
The MoC also needs to encourage private businesses to invest in social housing, develop a mechanism for post-construction inspection of such projects, and supplement the regulations on diverting land or projects for resettlement into social housing ones, according to the official.
The MoC reported that the draft decree on social housing development and management consists of seven chapters with 78 articles that give detailed guidance on 18 contents related to the social housing policy in the 2023 Law on Housing.
It inherits the current regulations that are still implemented effectively while institutionalising new and breakthrough policies to address recent obstacles to the assistance for social housing development./.

See more

Vietnam has 17 inland container ports
Vietnam now has 17 inland container depots (IDCs) across 12 provinces and centrally-governed cities. IDCs form a crucial part of the country’s transportation infrastructure network. They serve as key logistics hubs, supporting the operations of seaports, airports, inland waterway ports, railway stations, and border checkpoints, while also functioning as customs clearance sites for imports and exports.

Expressway projects to promote socio-economic development
Due mostly to financial difficulties, some expressways still face limitations in terms of lane capacity and speed restrictions.

Deputy PM requesting targeted, bold, authorised private sector development solutions
The economic sector contributes approximately 51% of Vietnam’s GDP, over 30% of state budget revenue, more than 30% of total import-export turnover, nearly 60% of total social investment capital, and 82% of the workforce.

Empower youth for future success in Ha Nam province
The "Empower Youth for Future Success in Ha Nam Province" program is designed to equip these young people with a comprehensive set of skills, including social, financial, employability, and entrepreneurship skills.

OV intellectuals in UK suggest blueprint for Vietnam’s int’l financial hub ambition
With Ho Chi Minh City ranking 98th out of 121 global financial centres and classified as a "local specialist" in the Global Financial Centres Index (GFCI) released on March 20, Vietnam has a plethora of strategic options to develop its financial hub.

Omoda & Jaecoo Vietnam looks to expand EV charging network
The partnership brings together industry leaders: EBOOST (EVMobility) specialising in personal charging solutions, EV Power in charging station development, EV Pay in digital payment services, Rabbit EVC in integrated charging solutions, and Nova Energy in large-scale renewable energy projects.

📝 OP-ED: Private economic sector with aspiration for groundbreaking development
This message from Party General Secretary To Lam in his recent article "Developing private economic sector – A lever for a prosperous Vietnam" marks a turning point in the awareness about the private economic sector’s important role while touching on the aspiration for groundbreaking development of the country's most dynamic economic industry today.

Banks ramps up share payouts to meet Basel III
This strategic move aims to reinforce financial capacity, while complying with international safety standards, said economists and industry experts.

Reference exchange rate up 18 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,831 VND/USD on March 24, up 18 VND from the last work day of the previous week.

Ministry proposes tripartite coordination mechanism to manage cryptocurrency exchanges
The Ministry of Finance has proposed a pilot programme for issuing and trading cryptocurrencies and digital assets, with oversight from three key agencies: the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.

Central hub begins 460 million USD new urban project
With an investment of 11.5 trillion VND (460 million USD), it says it is creating the first ‘smart’ and low carbon urban luxury trading-residential and entertainment centre in central Vietnam.

Vietnamese intellectuals in Luxembourg share experience in building int’l financial centre
Pham Thi Huong Ly, Master of Accounting and Audit, Financial Reporting Manager at Aztec Luxembourg which specialises in investment fund financial services, shared that drawing from her experience in Luxembourg, Vietnam, and Singapore to establish a successful international financial centre, it is necessary to build a transparent institutional framework that protects investor rights.

Investment for mega port project in Ba Ria - Vung Tau approved
The project will require an investment of over 2.38 trillion VND and will be implemented on a land area of approximately 41.65 hectares.

Vietnamese enterprises shift towards deep processing to increase exports
According to trade experts, Vietnam is ranked as the world's 20th largest exporter in the world and among the world's top exporters of various products such as rice, coffee, cashews, and garment-textiles.

HCM City approves massive land reclamation project
The land reclamation component covers a total area of over 1,357ha and has been designated as a Group A project with a 50-year operational timeline.

HCM City rises 7 places in Global Financial Centres Ranking
Among Southeast Asian financial hubs, HCM City ranks below Singapore, Kuala Lumpur (Malaysia), Bangkok (Thailand), and Jakarta (Indonesia), but stands above Manila (The Philippines).

Vietnam, Luxembourg step up cooperation for development of int’l financial centres
Luxembourg expressed support for Vietnam to develop international financial centres during Permanent Deputy PM Nguyen Hoa Binh's visit to the European country.

Chinese auto giant stakes its claim in Vietnamese market
Geely clearly demonstrated its green and sustainable direction with the all-electric Geely EX5, which stands out with its powerful 218-horsepower electric motor, 320 Nm of torque, and a 60.2 kWh battery capacity allowing the vehicle to travel up to 430 kilometres on a full charge.

Vietnam's small business growth soars to a four-year high
The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.

Hanoi promotes consumption to drive economic growth
Large retailers have been investing in expanding their distribution systems, aiming to contribute to the overall growth of the domestic market in 2025.