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The Ministry of Construction has proposed a VND 110 trillion social housing stimulus package to accommodate tenants, buyers and developers.
The ministry has yet to provide details on the allocation of the package, but it said the package should be similar to the VND30 trillion credit package launched in 2013-2016, local media reported.
The government-backed VND30 trillion homebuying aid package allowed low-income workers to take out loans to rent or buy commercial homes that were smaller than 70 square meters and priced at less than VND15 million per square meter. meters.
About 70% of the package was allocated to employees and the rest to social housing developers.
In 2021, the ministry proposed a VND 65 trillion social housing credit package to accelerate post-Covid socio-economic recovery, but failed to gain government approval.
The ministry said the launch of the package could help drive sustainable growth in the real estate sector and provide a home for those in need.
It also asked the government to remove legal barriers plaguing the sector and to implement a pilot policy to support social housing projects, local media reported.
