Business

Agribank strikes social housing credit deal

The Vietnam Bank for Agriculture and Rural Development (Agribank) has become the first state-owned commercial lender to offer loans to property developers involved in 13 social housing projects with the signing of lending contracts between the two sides taking place in Hanoi on June 10.
Business

Agribank strikes social housing credit deal

The Vietnam Bank for Agriculture and Rural Development (Agribank) has become the first state-owned commercial lender to offer loans to property developers involved in 13 social housing projects with the signing of lending contracts between the two sides taking place in Hanoi on June 10.
Business

Vietnam property association assured of support

The Government is working out measures to ease challenges facing the property market, Deputy Minister of Construction Nguyen Tran Nam said at a ceremony to mark the 10 th founding anniversary of the Vietnam National Real Estate Association (VNREA) in Ho Chi Minh City on May 25.
Business

Banks join social housing push

State owned commercial banks will offer at least three percent of their outstanding loans to people who are eligible to buy of rent social housing.
Business

Confusion leaves State flats unsold

More than 52,000 flats in Hanoi which the State built before doi moi (renewal) in 1986 and offered to transfer to individual ownership have not been sold due to disputes or problems with plans and procedures.

The situation has caused a headache for local authorities after 15 years of trying to transfer ownership.

Figures released by the municipal construction department showed the city had around 210,000 flats on 6,300,000sq.m of land, 7,000 of which could not be sold or granted registration certificates because of planning problems, disputes and those listed in the protected Old Quarter.
France to support HCM City’s development Business

France to support HCM City’s development

The Vietnamese Ministry of Finance and the French Development Agency (AFD) on May 5 signed a loan agreement worth 20 million EUR, to finance a socio-economic development project in the southern city of Ho Chi Minh .
Society

HCM City to increase housing space

HCM City targets building 39 million sq.m of new housing during the 2011-15 period, increasing its per capita housing area to 17 sq.m, the municipal People's Committee has announced.