It is necessary to take synchronous measures to ease difficulties forthe real estate market, Minister of Construction Trinh Dinh Dung hassaid.
These include the restructuring of real estate market andsolutions to resources, particularly capital, for the market, theMinister said in a television interview last week.
“We restructure real estate products to balance supply and demand to serve customers,” the minister said.
The move will be associated with realising the national housing strategy, especially houses for low-income earners, he added.
According to the minister, a majority of low-income people cannot afford houses.
The Government has recently introduced a credit package worth 1trillion VND (47 million USD) to support low-income earners, publicemployees, workers, and armed forces to buy or rent houses.
Inthe coming time, it is implementing the second phase of Programme 167 tohelp more than 500,000 poor households in rural areas, 70,000 policybeneficiaries, and 60,000 poor households in storm-prone areas in thenorthern and central regions afford their homes.
Providing loansfor house purchase and rent is also a way of supporting businessesengaged in real estate development, the minister affirmed.
However,to ensure the people with demand to access credit package, coordinationbetween agencies such as banks, the Ministry of Construction and localauthorities is needed, he said.
Dung said he believes that thepackage will be implemented well, because it carries both political andsocio-economic missions and signifies humane values.
Apart fromthe solution on capital, the minister mentioned the restructuring ofproperty products, stressing urban development projects.
This ensures people’s purchase of houses which fit their pockets, he added.
Regardingforeigners’ house purchase in Vietnam , Minister Dung said only 121foreigners have been so far granted the house ownership since theNational Assembly’s Resolution 19 regulating the matter took effect onJanuary 1, 2009.
He blamed tight regulationsrelating to eligible buyers, types of houses, and ownership duration forthat small number of foreigners owning houses in the country.
ThePrime Minister has recently agreed with the Construction Ministry’sproposal of formulating a policy that will enable more foreigners to buyproperty in Vietnam.-VNA
These include the restructuring of real estate market andsolutions to resources, particularly capital, for the market, theMinister said in a television interview last week.
“We restructure real estate products to balance supply and demand to serve customers,” the minister said.
The move will be associated with realising the national housing strategy, especially houses for low-income earners, he added.
According to the minister, a majority of low-income people cannot afford houses.
The Government has recently introduced a credit package worth 1trillion VND (47 million USD) to support low-income earners, publicemployees, workers, and armed forces to buy or rent houses.
Inthe coming time, it is implementing the second phase of Programme 167 tohelp more than 500,000 poor households in rural areas, 70,000 policybeneficiaries, and 60,000 poor households in storm-prone areas in thenorthern and central regions afford their homes.
Providing loansfor house purchase and rent is also a way of supporting businessesengaged in real estate development, the minister affirmed.
However,to ensure the people with demand to access credit package, coordinationbetween agencies such as banks, the Ministry of Construction and localauthorities is needed, he said.
Dung said he believes that thepackage will be implemented well, because it carries both political andsocio-economic missions and signifies humane values.
Apart fromthe solution on capital, the minister mentioned the restructuring ofproperty products, stressing urban development projects.
This ensures people’s purchase of houses which fit their pockets, he added.
Regardingforeigners’ house purchase in Vietnam , Minister Dung said only 121foreigners have been so far granted the house ownership since theNational Assembly’s Resolution 19 regulating the matter took effect onJanuary 1, 2009.
He blamed tight regulationsrelating to eligible buyers, types of houses, and ownership duration forthat small number of foreigners owning houses in the country.
ThePrime Minister has recently agreed with the Construction Ministry’sproposal of formulating a policy that will enable more foreigners to buyproperty in Vietnam.-VNA
