Social housing projects halted by capital shortageVietNamNet Bridge – People with low-incomes are now confronting a crisis as the preferential loan package of VND30 trillion (US$1.3 billion) for affordable home purchases ended in 2016, with no workable alternative currently on offer. People visit an exhibition on social housing in HCM City. Truong Anh Tuan, chairman of Hoang Quan Cooperation, said that the lack of preferential loan packages for social home purchases halted their 22 projects of constructing affordable homes. Dao Anh Tuan, head of the Student Credit Department under VBSP, said that the Governmental decree issued in 2015 assigned the bank to implement the social housing policy. Nguyen Trong Ninh, head of the Department of Housing and Realty Market Management under the Ministry of Construction, suggested that the SBV fund commercial banks with the preferential capital for social housing as enterprises cannot access loans offered by SBV.

Source: VietNamNet News March 12, 2018 05:37 UTC