Localities nationwide have joined hands with relevant authorities to carry out key housing projects, contributing to meeting the demand of policy beneficiaries, poor households and low-income earners.
The State Bank of Vietnam (SBV) has decided to keep preferential loan interest rate unchanged at 5 percent for purchase, rent or hire of social housing projects in 2018.
The legal corridor for social housing development has recently changed towards providing more incentives than it was first mentioned in the Housing Law in 2005.
More attention should be paid to developing affordable house- for-rent projects in an effort to resolve the severe shortage of housing for low-income earners, young couples, the elderly and workers in urban areas, experts have said.
Social housing development not only improves societal strength but also boosts the economy overall, said Minister of Construction Pham Hong Ha, emphasising that Government spending on social housing can lift the real estate industry as a whole.
An array of key housing projects have been completed in the first months of 2018 to meet increasing demands of policy beneficiaries, poor households and low-income earners, according to the Ministry of Construction.