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CitizenConstruction News

The provincial People’s Committee works with banks on capital provision for social housing projects

Posted Date: 13/01/2011
On the afternoon of December 15, the provincial People’s Committee had a working session with Dong Nai branch of Vietnam Development Bank and related departments, branches on capital provision for projects of social housing, housing for workers and low-income housing in urban areas. Vice-Chairmen of the provincial People’s Committee Tran Minh Phuc and Dinh Quoc Thai attended and co-chaired the metting.
Vice-Chairman Tran Minh Phuc delivers a speech at the working session

According to report of Department of Construction, for the fact that capital has been limited and not distributed extensively to projects, up to now, just some state-owned projects invested by Dong Nai Housing Joint Stock company could borrow capital from the provincial Housing Development Fund with preferential interest rate.  

Addressing the meeting, Vice-Chairman Tran Minh Phuc stressed that, to spur progress rate of social housing and low-income housing projects in the province, related sectors should focus on solving problems in capital, procedures and policies. Vice-Chairman Dinh Quoc Thai requested that banks should continue to examine which units have capacity to tender and carry out projects of social housing, housing for workers, and low-income housing and then make a report to submit the provincial People’s Committee.

Reported by T.Que, translated by Hoai Thu