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Update news social housing project
Nguyen Van Ly, deputy director general of the Viet Nam Bank for Social Policy, speaks to the newspaper Nông thôn Ngày nay about the challenges the bank has faced over the last five months implementing the Government Decree 100/2015
VietNamNet Bridge – Residents of a social housing project in Ha Noi are complaining that while the infrastructure is deteriorating, their rent keeps rising and is way beyond what State employees can afford.
VietNamNet Bridge – The official information on VND100 trillion (over US$4.76 billion) credit package for the domestic real estate market may be announced next month.
Cold spell continues in northern areas; Man killed in road accident; Two miners die at stone mine rockslide; Former taxi drivers put in jail for fraud; Health Ministry cracks down on food safety; Ha Noi launches new online bus map
The government has every reason to encourage developing low cost housing projects. However, the overly high investments in the market segment may lead to the oversupply.
VietNamNet Bridge – On May 28 the Housing and Urban Development Corporation and Viet Nam BIC jointly broke ground for a social housing project in Ha Noi's Linh Dam new urban area.