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Tasks should be done to offer house ownership to low income people

Update: 09-07-2013 | 00:00:00
Late July 8, Chair of Provincial People’s Committee, Mr. Le Thanh Cung had a working session with Binh Duong Branch State Bank of Vietnam, commercial banks, departments, sectors, and local enterprises regarding social housing policies.The favorable credit fund of VND 30,000 billion under Resolution No. 02 of the government, which offers interest rate of 6% a year, shall be allocated by 70% to buyers and 30% to enterprises and investors in need of transforming commercial apartment to social housing. Five branches of banks including Bank of Investment and Development of Vietnam (BIDV), Vietcombank, VietinBank, Bank of Agriculture and Rural Development, and Mekong Housing Bank (MHB) have launched the credit package; however, Department of Construction informed that the fund is still inaccessible to investors, householders and individuals to some extent.At the working session, Chair of Provincial People’s Committee, Mr. Le Thanh Cung asserted that the assigned units should implement the tasks effectively, i.e. banks should be more responsible for the loans while Department of Constructions is required to make clear and to the point notifications of preferred subjects. In the meantime, local branch of State Bank of Vietnam holds the controlling role to timely remove obstacles, opening up more opportunities for policy-beneficiary people to own houses as the good targets proposed by the program.Reported by T.Minh – Translated by Vi Bao
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