Waiting for instructions!

(Baonghean) After the Government announced Resolution No. 02/NQ-CP (January 11), on a number of solutions to remove difficulties for production and business, support the market, and resolve bad debts, and accordingly, state-owned commercial banks set aside a reasonable amount of capital to lend to low-income people, officials, civil servants, public employees, and armed forces to rent or buy houses at low interest rates and to lend to businesses building social housing... many people and businesses were very excited.

But up to now, after nearly 2 months of announcing Resolution No. 02/NQ-CP, the implementation progress is very slow. According to the leader of the State Bank of Vietnam, Nghe An Branch, the banking industry is still waiting for the implementation guidance documents of the Central Bank and related ministries and branches before organizing the implementation.

In Nghe An, the most interested enterprise in the field of social housing investment is the Vinh Branch of TECCO Construction Investment and New Technology Application Joint Stock Company. Recently, the enterprise has invested more than 60 billion VND to complete 3 high-rise buildings to serve the social housing needs in Le Loi and Hung Loc wards. If the bank lends capital according to Resolution 02, in the coming time, the Company will continue to invest in the construction of a 7-storey social building in Hung Loc and social housing projects in Nghi Kim, Cua Nam... How long will enterprises and people "wait" for capital to rescue the real estate market?

Hoang Vinh