Deputy Minister of Construction Bui Xuan Dung - Photo: NAM TRAN
The social housing loan package will reduce interest rates
In the first 6 months of 2024 alone, 8 projects were completed with 3,136 units; 5 projects were licensed and started construction, with 8,468 units; 9 projects had investment policies, with 8,795 units.
Therefore, with the target of completing 130,000 apartments this year, Mr. Dung said that there are about 100,000 apartments to be completed. The completion of the target depends on the projects that have been started, as well as the participation of local authorities.
Regarding the implementation of the social housing package, Mr. Dung said that so far, only 34/63 provinces have issued documents announcing 78 projects eligible for preferential loans, with a disbursement amount of VND 1,344 billion.
With the VND 120,000 billion credit package, currently 34/64 provinces have announced that 78 projects are eligible, with a disbursement amount of VND 1,344 billion.
In addition, the Ministry of Construction has issued a document guiding the determination of the list of projects, subjects, conditions, and criteria for preferential loans for the development of social housing, workers' housing, and the renovation and reconstruction of apartment buildings.
Accordingly, the conditions for investors to borrow capital have been reduced (reducing the condition of having a construction permit, leaving only the condition that the project has been approved for investment policy, has selected an investor and has been allocated land).
The Government has issued a resolution to implement this program, stating that the interest rate for social housing loans will be about 1.5 - 2% lower than the average medium and long-term lending interest rate of state-owned commercial banks in the market in each period.
According to Mr. Dung, the State Bank has completed the draft documents and resolutions to adjust the content of the 120,000 billion VND program in the direction of reducing the lending interest rate for customers buying from 3 - 5%, for customers who are investors, the support level will remain at 1.5 - 2%, the Ministry of Construction has also agreed with the above proposal.
"In the regular Government meeting on the morning of August 5, the Prime Minister agreed with the State Bank's opinion and adjusted the content of this credit package program" - Mr. Dung informed.
Continue to support manufacturing enterprises
Deputy Minister of Industry and Trade Phan Thi Thang - Photo: NAM TRAN
Regarding the recovery of the industry, Ms. Phan Thi Thang - Deputy Minister of Industry and Trade - said that there were many bright spots worth noting.
Important indicators such as PMI (an index used to measure activities in the manufacturing and service sectors of an economy) increased sharply, the basic industrial index grew widely, with 60/63 localities having high growth.
The processing and manufacturing industry increased sharply, reducing the inventory index of industries...
"From these indicators, it can be seen that the industrial production industry recovered strongly compared to 2023 and the growth momentum recovered positively, playing a leading role in economic growth. Many localities play a fundamental role in production, accessing the domestic market, the confidence of manufacturing enterprises is positively strengthened..." - Ms. Thang assessed.
The reason for achieving the above results, according to Ms. Thang, is thanks to the active support policies of enterprises, promoting public investment, and attracting FDI. The Government and localities accompany enterprises, remove difficulties, so many industries grow positively.
Along with that, economic foreign affairs, relations with major trade partners such as the US and China have helped strengthen business confidence. Business capacity has also increased, export growth of domestic enterprises is twice that of FDI enterprises.
However, the challenges in the coming time are that domestic production capacity is still weak. Many major bottlenecks have not been effectively improved, such as dependence on FDI production, low added value, and no products with high domestic technology content.
Some key manufacturing industries have decreased, such as smartphones, automobiles, televisions; industries such as footwear, wood, although recovering positively, have not yet reached their peak...
The situation in the region and the world is complicated and unpredictable, Ms. Thang said that solutions such as proactively and effectively implementing policies to support businesses. Removing difficulties and obstacles, key industries such as textiles, footwear, automobiles, promoting industries as new growth drivers.
Building a strategy for developing the foundation industry, promoting the effective implementation of programs with localities and enterprises, supporting enterprises to take advantage of opportunities from public investment projects, increasing the use of domestic goods, finding new markets...
Source: https://tuoitre.vn/de-xuat-giam-lai-suat-cho-vay-mua-nha-o-xa-hoi-con-3-5-20240805175447761.htm
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