Since 1996, the Korean government has provided funding for Vietnam’s transport infrastructure development. To date, the two countries have successfully completed nine projects, with total loans of over 1 billion USD, and are currently working on six other projects with loans worth nearly 600 million USD.
The Ministry of Construction has agreed with the State Bank of Vietnam (SBV)’s proposal to offer preferential lending rates for homebuyers who borrow from the 120 trillion VND (4.72 billion USD) social housing credit package, at 3-5 percentage points lower than the average.
New foreign direct investment (FDI) in the real estate sector increased four times quarter-on-quarter to 2.35 billion USD in the third quarter, according to statistics of the Ministry of Planning and Investment.
The Central Steering Committee on Corruption Prevention and Control has sent a dispatch to Party units and authorities of centrally-run cities and provinces requesting strictly dealing with negative and corruption behaviours in anti-corruption units.
About 600 out of 2,500 old apartment buildings in Vietnam are in dangerous or seriously dilapidated conditions, making up some 25 percent of the total number of old buildings.
A training conference for the project “Strengthening capacity of cost estimation, contract management, quality and safety of construction works” opened in the Mekong Delta city of Can Tho on June 23.
The southern province of Dong Nai will prioritise resources for social housing construction between now and 2020, said Vice Chairman of the provincial People’s Committee Tran Van Vinh.
More than 28 trillion VND (1.25 billion USD) was disbursed from the 30 trillion VND housing stimulus package up till the end of August, according to the Ministry of Construction.
The construction ministry is drafting a project on management of the property market through six measures to support transparency and stability, Minister of Construction Pham Hong Ha said.
The construction ministry recently issued a circular on the management and use of apartment buildings, which is expected to improve the relationship among residents, investors and management boards.
The Construction Ministry is drafting a circular about the classification of apartment buildings, which is drawing mixed opinions from both experts and developers.
