return icon

VND30-trillion credit package proposed to build homes for workers

The Ministry of Construction has proposed a VND30 trillion credit package for projects to build low-cost homes for workers.

A view of an industrial park in Vietnam. - Photo: VNA

According to the ministry, the package will help ensure social welfare for vulnerable people, enhance economic recovery and development, remove the difficulties plaguing enterprises and support the development of the housing and real estate market.

Although the Government has issued multiple solutions to develop affordable housing for workers, the supply of homes for workers at industrial parks have yet to meet the demand, news site Vietnamplus reported.

Across the country, there are 266 social housing projects with more than 142,000 units totaling more than 7.1 million square meters. Another 278 projects including 276,000 units with a total area of 13.8 million square meters are under development.

Cities and provinces have completed 121 social housing projects with 54,000 units for workers of industrial parks and are building 100 other projects with 134,000 units.

However, since early this year, no social housing projects for workers have been completed due to the Covid-19 pandemic.

According to the Ministry of Construction, policies for housing development for workers have yet to be worked out. They are included in the policies for social houses.

Additionally, some localities have not paid much attention to formulating plans to develop social housing projects, especially for workers.

Therefore, the Ministry of Construction has proposed amending the 2014 Housing Law, specifying policies for homes for workers to attract investment.

While developing industrial parks, the investors must set aside a certain proportion of land to build homes for workers. These homes must have a minimum area of 10 square meters per person.

Land use fees, value added tax and corporate income tax should be reduced or exempted for investors of these housing projects. They should be given easier access to preferential loans from the Vietnam Bank for Social Policies and other credit institutions.

The Ministry of Construction also urged the Government to propose the National Assembly add social housing projects, including those to develop homes for workers in industrial parks, to the mid-term public investment plan in the 2021-2025 period.

The Government should also quickly provide VND3 trillion for social housing projects in line with its Resolution 41/NQ-CP.

Source: Saigon Times

HCM City to build 1 million units of affordable housing for low-income workers

HCM City to build 1 million units of affordable housing for low-income workers

The chairman of the HCM City People’s Committee, Phan Van Mai, said the city plans to build one million units of affordable housing for low-income workers.


Use of e-cigarettes by youth rockets with easy availability at shops

Many students and young people have been hospitalized in a deep coma after using e-cigarettes, which are easy to buy.

How will telecom carriers fare in a highly competitive market?

The traditional telecom market is getting saturated and facing upheavals, including a drop in revenue from traditional calls and SMS, a tighter management policy and changes in technology.

Number of international visitors to Vietnam sets 'record' after pandemic

Vietnam welcomed 2.95 million foreign visitors in January-November 2022, 21.1 times up year on year, but still down 81.9% compared with pre-pandemic levels in 2019.

Su-30MK2, Mi helicopters rehearse in Hanoi

On December 2, Su-30MK2 fighters performed in a rehearsal to prepare for the upcoming Vietnam International Defense Exhibition 2022.

Vietnam sends condolences over passing of former Chinese leader Jiang Zemin

Vietnamese leaders on December 2 cabled messages of condolences to Chinese leaders over the death of former General Secretary of the Communist Party of China (CPC) Central Committee and former President of China Jiang Zemin.

Ministry proposes canceling funding plans over disbursement delays

Disbursements of public funds sourced from foreign loans in the year through November had moved at a snail’s pace, reaching only slightly more than 25% of the full-year plan.

Hanoi to pilot bike rental service in six urban districts

Hanoi has approved a year-long pilot bike rental service programme in Hoan Kiem, Tay Ho, Dong Da, Ba Dinh, Hai Ba Trung, and Thanh Xuan districts.

Weightlifters hope for Olympic qualification from world championship

It was scheduled to be held in Chongqing, China, but this changed in March due to COVID-19 measures in China. The new location was announced in April.

Striker Nguyen Van Quyet named best player of 2022 V.League 1

Striker Nguyen Van Quyet received a statue for the most valuable player of the 2022 V.League 1 season at a V.League Awards ceremony organised on December 1 in Hanoi.

Meteor shower to light up Vietnamese skies on December 13

Local sky gazers will have a rare opportunity to witness the peak of the Geminids meteor shower, with the astronomical event set to occur between midnight on December 13 and the morning of December 14.

Da Nang wins Best Vietnam Smart City Award for third time

The central city of Da Nang has been granted the Best Vietnam Smart City Award 2022, the third time so far.

Newly-established, re-operating enterprises up over 33% in 11 months

Vietnam saw nearly 194,700 newly established and re-operating enterprises in the first 11 months of 2022, up 33.2% over the same period in 2021, a 1.3 times higher than the average rate in January – November period from 2017 - 2021.

Politburo members discuss review of resolution on HCM City development

Party General Secretary Nguyen Phu Trong on December 2 chaired a Politburo meeting on a project to review the 10-year implementation of a resolution on the orientations and tasks for the development of HCMC until 2020 and 2030, with a vision to 2050.

Exporters face tax unless they cut greenhouse gas emissions

Exports to the EU market will become more expensive unless enterprises implement greenhouse gas emission cuts. This will affect the competitiveness of many Vietnamese export companies.

Some of the best fishing lakes in and around Hanoi

Here are some of the most popular fishing lakes near Hanoi. On weekends, the number of people flocking to commercial centres, pedestrian streets or entertainment areas in the inner city of Hanoi has increased.