The allocation of funds from the budget to implement social housing policy is a major obstacle to this program is congested.
With a huge population of up to 13 million people with more than two million households, of which about three million middle-income and low-income migrants are in need of buying or renting. , renting a huge social housing.
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To assist low-income people in accessing social housing and low-price commercial housing, the Prime Minister recently issued Decision No. 1013 regulating the preferential interest rates for social housing at the Bank. The social policy (VBSP) is 4.8% per annum. This program runs from June 6th through December 31st. However, up to now, the State Bank of Vietnam (SBV) has not announced the preferential interest rate for social housing at Vietcombank, VietinBank, BIDV and Agribank to apply uniformly.
The program has been jammed because the concerned ministries and branches still have mixed opinions on the allocation of capital. Specifically, the Ministry of Finance proposed to amend Decree 100 of the Government: Eliminate the content of regulations VBSP implemented loans for social housing, not subsidized interest rate difference. Regarding the source of capital, the Ministry of Finance requests the State Bank of Vietnam to lend to refinance capital with the current refinancing rate.
However, the Ministry of Construction thinks that the Ministry of Finance proposes to deregulate VBSP lending to social housing is unreasonable, as provided for in the Housing Act 2014 and Decree 100/2015 / ND-CP.
Meanwhile, the Ministry of Planning and Investment proposed that the Prime Minister assign the Ministry of Construction to coordinate with VBSP and relevant agencies to mobilize other non-state budget resources to implement the housing support policy. in society. The state budget for development investment is still difficult, the demand for regular expenditures is great.
As a matter of fact, the social housing program is stuck and the opinions differ among ministries. Le Hoan Chau, chairman of the HCM City Real Estate Association (HoREA), has written to the Government to address these issues.
Accordingly, Mr. Chau suggested: “The Ministry of Planning and Investment and the Ministry of Finance shall promptly submit to the Prime Minister a balance decision, allocate funds from the State Budget so that the State Bank has grounds to refinance and provide interest The aim is to implement early social housing policy. ” In addition, Chau also requested the SBV to issue a decision on the preferential lending rate for social housing (equivalent to 4.8% per annum of Decision No. 1013 / QD-TTg) in 2016. Credit institutions have been appointed by the SBV to join the social housing program for uniform implementation. “
You are reading the article “Social Housing Is Stopped Because Of Waiting For Capital” in the section “Real Estate Report” on the website: https://realestatevietnam.com.vn/.
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