Looking for a normal home

Deputy General Director of Lac Ty Company Limited Huynh Thi Thu Ha made a recommendation at the meeting - Photo: VU THUY

This inadequacy was mentioned by many opinions at the program "Accompanying businesses" recently organized by the Ho Chi Minh City Labor Federation on the occasion of Workers' Month 2024. Also attending were Vice Chairman of the Ho Chi Minh City People's Committee Nguyen Van Dung and President of the Ho Chi Minh City Labor Federation Tran Thi Dieu Thuy.

The annual personal income tax deduction can be adjusted according to the regional minimum wage coefficient, increasing a little each year will be more appropriate.

Ms. HUYNH THI THU HA (Lac Ty Company Limited)

Mr. Nguyen Thanh Tai - HR Director of Dai Dong Tien Company - said that many people who have been with the company for 10 - 20 years have a need to buy social housing, they hope to have a home, a normal place to live when staying in Ho Chi Minh City for a long time. "About 30 - 32% of the company has a need to buy social housing but do not know where to find it" - Mr. Tai said.

Ms. Tran Thi Dieu Thuy said this is a long story and "talking about this will get you into trouble with that". Low-income people are those who do not pay personal income tax, but many families of civil servants and workers in the city have to try to have taxable income to support their families.

"They are in a situation where they cannot afford to buy normal housing but are not eligible for social housing policies," Ms. Thuy said.

Deputy General Director of Lac Ty Company, Huynh Thi Thu Ha, proposed to change the family deduction level because of inflation and increasing living standards in Ho Chi Minh City. Applying a common level to all localities is not appropriate.

Ms. Ha cited that since 2009, when the Personal Income Tax Law was enacted, the regional minimum wage has increased 15 times, but the personal deduction has only been adjusted twice, from 4 to 9 million and currently 11 million VND. Similarly, the deduction for dependents has only been adjusted twice, from 1.6 to 3.6 and currently 4.4 million VND/person.

Regarding the policy of supporting home purchase, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City branch, Nguyen Duc Lenh, said that there are currently two channels to support workers in borrowing to buy houses: the Social Policy Bank or commercial banks.

The Social Policy Bank lends to low-income people, while the 130,000 billion VND package from banks lends to investors to build social housing and to buyers at relatively low interest rates.

"Housing for low-income people must be cheap, but currently there are almost no projects for workers to borrow to buy," said Mr. Lenh.

Policy reform is necessary, but the actual conditions in Ho Chi Minh City are very different from other localities. Many proposals from businesses and unions in Ho Chi Minh City are difficult to apply nationwide.

"But we cannot not propose because if we do not propose, the policy will go against the reality of Ho Chi Minh City" - Ms. Tran Thi Dieu Thuy emphasized.

Source: https://tuoitre.vn/mong-mot-mai-nha-binh-thuong-20240512094659722.htm