Only 3 state-owned enterprises are proposed to borrow the 30,000 billion VND package

Speaking to the press on the afternoon of July 11, Chief of Office of the Ministry of Construction Do Duc Duy affirmed that only three state-owned enterprises were proposed to borrow the 30,000 billion VND support package.

(Illustration photo: Tuan Anh/VNA)

Specifically, the list of projects proposed by the Ministry of Construction for initial loans only includes four projects of state-owned enterprises belonging to three units: Construction Glass and Ceramics Corporation (Viglacera), Construction Materials Corporation No. 1 (FICO) and Urban and Industrial Park Development One Member Limited Liability Company (IDICO).

The remaining projects are of private enterprises, joint stock enterprises without state capital, and joint stock enterprises with state capital but the state does not hold a controlling stake. This information has cleared up doubts about the 30,000 billion VND social housing support package "pouring" into state-owned enterprises.

According to Mr. Duy, after reviewing and appraising the project dossiers registered by localities and enterprises, the Ministry of Construction has proposed an initial list of 30 social housing construction projects and commercial housing projects converted to social housing for the State Bank and joint stock commercial banks to consider and provide loans from the VND30,000 billion package.

Of these, 15 social housing construction investment projects registered for investment loans before the Government issued Resolution 02; 12 projects registered for loans after the issuance of Resolution 02 and three projects converted to social housing.

Hai Phong Construction and Investment Development Joint Stock Company (CDI) - An Dong apartment project - one of two projects in Hai Phong receiving loans from this preferential credit package, said that 10 CDI customers have completed preferential loan procedures, of which the bank has completed the appraisal of two applications and will disburse in the near future.

CDI General Director Nguyen Ngoc Thanh commented that this is the first time households have been supported with preferential loans to buy houses. They are assured, confident and see that the policies are truly aimed at the poor. If customers fully absorb this support package, the real estate market will warm up, create new jobs and promote the consumption of construction materials such as iron, steel, cement, etc.

Similar benefits also come to businesses, the support package not only helps businesses sell products but also helps them access capital with low interest rates to carry out the next projects, Mr. Thanh expects.

At the same time, the Bank for Investment and Development (BIDV) also confirmed that as of July 3, it had lent capital to two enterprises. Of which, Vicoland Construction and Housing Development Corporation was able to borrow VND117.7 billion to invest in a social housing project in Thua Thien-Hue province; Hoang Quan Real Estate Consulting and Trading Services Corporation borrowed VND540 billion to invest in a project to convert its function to social housing in Ho Chi Minh City.

In addition, many projects on the list proposed by the Ministry of Construction are being urgently appraised by banks to decide on disbursement.

Deputy Minister of Construction Nguyen Tran Nam assessed that the VND30,000 billion credit support package is a long-term program, targeting the majority of people with low and middle incomes and real housing needs. If we look at the demand for social housing, the impact of the support package will not stop at VND30,000 billion.

Under current conditions, about 30% of capital will be lent to investors to create a source of goods for social housing projects that have been and are being implemented but lack resources; the rest will be lent to people for a 10-year term at a low interest rate (6% or lower) if adjusted.

In addition to the five banks participating in the support package, other commercial banks must also compete and lower interest rates; construction and building material manufacturing enterprises will also provide capital and goods for projects.

Currently, there are nearly 10,000 households living in low-income housing areas nationwide. In the coming time, hundreds of hectares of land with full infrastructure will be planned for social housing.

In the immediate future, enterprises must reserve 20% of each project's land fund for social housing construction. The Ministry of Construction is evaluating a number of commercial housing projects to be converted into social housing and within the next two weeks will propose a second list to the State Bank and joint stock commercial banks for consideration of lending.

In particular, the Ministry of Construction and the State Bank will meet to discuss removing procedural difficulties in order to quickly disburse capital for individual home buyers./.

According to (TTXVN) - LT