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Social housing credit plan plagued by slow disbursement

Social housing credit plan plagued by slow disbursement

A number of obstacles need to be removed to accelerate the disbursement of a $1.4 billion government preferential credit package to low-income homebuyers and corporate customers developing social housing projects. 

According to a source from state giant Vietcombank’s (VCB) Ho Chi Minh City branch, it just appraised 24 loans for individual customers valued at $895,000, of which $514,000 has been disbursed. No corporate customers have got loans under this credit package from the branch.

 

Lighting expo opens in HCM City

Lighting expo opens in HCM CityThe latest lighting equipment and components are on display at the LED/OLED Lighting World Expo that opened yesterday at the Saigon Exhibition and Con...

Vietnamese should be allowed to gamble at casinos: Proposal

Vietnamese should be allowed to gamble at casinos: ProposalThe agency that verified a draft decree on casinos has proposed that Vietnamese be allowed to gamble at casinos on a pilot basis, said the chairman of...

Vietnam mulls opening ailing real estate market to foreign buyers

Vietnam mulls opening ailing real estate market to foreign buyersVietnam’s Ministry of Construction has proposed that foreigners residing in the country are given more chances to buy homes in Vietnam as part of ef...

Illusion of failure shrouds good deals

Illusion of failure shrouds good dealsReal estate has become one of the hottest merger and acquisition (M&A) sectors in recent years, however many of the facts about the deals are rare...

Saigon Airport Plaza completes first stage

Saigon Airport Plaza completes first stageHo Chi Minh City’s Saigon Airport Plaza – a mixed-use project of four components namely apartment, office, hotel/serviced apartment and shopping c...

Real estate M&A bustling

Real estate M&A bustlingThe real estate market has seen merger and acquisition (M&A) activity active over the past six months with some large projects changing hands whil...

Myanmar the new promised land

Myanmar the new promised landAs the Vietnam property market continues to struggle, some real estate firms are setting sights on more lucrative investments in Myanmar.  Leon ...

Hoi An’s olden days re-created at ongoing Quang Nam Festival

Hoi An’s olden days re-created at ongoing Quang Nam FestivalThe ancient Hoi An town of 100 years ago was vividly re-created at the ongoing 2013 Quang Nam Festival, which runs till June 26 with more exciting eve...

Over 90 projects on Phu Quoc Island cancelled

Over 90 projects on Phu Quoc Island cancelledKien Giang Province authorities say that they have cancelled 93 projects on Phu Quoc Island, with a total area of 5,500 ha. These projects are stopped...

Bridging gap for financial centre

Bridging gap for financial centreProperty developer Dai Quang Minh has been named the investor for a pedestrian bridge over the Saigon River linking Ho Chi Minh City’s business dist...
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TP. Hồ Chí Minh: MEGA City (2017)

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