Deputy Minister of Construction Bui Xuan Dung - Photo: NAM TRAN
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 still about 100,000 apartments to complete. 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 credit package of 120,000 billion VND, currently 34/64 provinces have announced that they have met the conditions for 78 projects, disbursing 1,344 billion VND.
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, worker housing, and the renovation and reconstruction of apartment buildings.
Accordingly, the conditions for investors to borrow capital have been reduced (the condition of having a construction permit has been reduced, 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 loan 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 resolution to adjust the content of the 120,000 billion VND program in the direction of reducing lending interest rates for customers buying from 3 - 5%, for customers who are investors, the support level is kept 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 businesses
Deputy Minister of Industry and Trade Phan Thi Thang - Photo: NAM TRAN
Regarding the recovery of the industrial sector, Ms. Phan Thi Thang - Deputy Minister of Industry and Trade - said there were many bright spots worth noting.
Important indexes such as PMI (an index used to measure activities in the manufacturing and service sectors of an economy) showed strong growth in the manufacturing sector, the basic industrial index grew broadly, with 60/63 localities experiencing high growth.
The manufacturing and processing industry increased sharply, reducing the inventory index of other industries...
"These indicators show that the industrial production sector has recovered strongly compared to 2023 and the growth momentum has recovered positively, playing a leading role in economic growth. Many localities play a fundamental role in production, accessing the domestic market, and the confidence of manufacturing enterprises is positively strengthened..." - Ms. Thang assessed.
According to Ms. Thang, the reason for achieving the above results is thanks to the active support policies of enterprises, promoting public investment, and attracting FDI. The Government and localities have accompanied enterprises and removed difficulties, so many industries have grown positively.
Along with that, economic foreign affairs and relations with major trade partners such as the US and China have helped strengthen business confidence. Business capacity has also increased, with export growth of domestic enterprises being 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 the lack of products with high domestic technology content.
Some key manufacturing industries have decreased, such as smartphones, automobiles, and televisions; industries such as footwear and 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, promoting key industries such as textiles, footwear, automobiles, and promoting industries as new growth drivers.
Develop a strategy for developing the foundation industry, promote effective implementation of programs with localities and enterprises, support enterprises to take advantage of opportunities from public investment projects, increase the use of domestic goods, seek new markets, etc.
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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