VietNamNet Bridge – The Ministry of Construction has asked the Government to continue to give preferential treatment to enterprises that are implementing housing projects for workers in industrial zones and low-income families in urban areas.



Deputy Minister of Construction Nguyen Tran Nam said that preferential value-added taxes and corporate income taxes should continue to be applied to create favourable conditions for investors.


However, under the Prime Minister's Decision No 96/2009/QD-TTg dated July 22, 2009, the preferential treatment was only applied in 2009, he said.


Nam said that if the preferences were not applied in the years to come, it would be very difficult to call for investment from economic sectors and the investment efficiency of the projects would be harmed.


Project owners are also petitioning the Government to continue the preferential treatment in order to allow them to be able

to reduce selling and renting prices as well as save on investment capital.


In order to ensure 50 per cent of workers in industrial zones are housed by 2015, 24 construction projects were started. Nine of them with a total investment of VND2.6 trillion (US$130 million) have been completed, providing accommodation for 125,000 workers.


Thirty-seven projects worth VND3.6 trillion ($180 million) for low-income people in urban areas have also been implemented. They are expected to provide housing for 64,000 people.


VietNamNet/Viet Nam News