Le Hoang Chau, chairman of HCM City Real Estate Association (HoREA), said that he has visited many countries, both capitalist countries and found that these countries have programs and policies to develop social security to solve. The minimum housing requirement for low income people, immigrants, typically Korea, France, Singapore and Indonesia. "The state plays a key role, creating policies, especially land fund policies, tax policies, and preferential credit policies to support the development of social security projects," said HoREA President. Providing preferential credit for consumers to hire, hire and hire social insurance suitable for different types of subjects.
According to Chau, attaching importance to the policy of social security development, the State has put into the Housing Law from 2005 to now. According to the Ministry of Construction, in the period 2011-2020, the country needs about 440,000 social housing. However, to date, the implementation has reached about 28% of the plan.
Chau said, a bottleneck in the development of social security is the credit capital, refinancing mechanism, interest rate subsidy to credit institutions designated to participate in social security. Currently, the budget has not been sufficiently allocated, making the implementation of social security policy difficult. 30,000 billion VND incentive package for social security terminated without new capital. In addition, according to the Housing Law, investors of commercial housing projects have to spend 20% of the business project land for social security development, but Chau said that many large urban projects do not have funds this land.
Meanwhile, at a recent meeting of the Ministry of Construction, Vietnam Real Estate Association (VNREA) Chairman Nguyen Tran Nam said that according to a survey of this unit and the Thai Real Estate Business and Marketing Association Lan (Resam), at the project in Vietnam, the product sold by investors in 23 months. Especially with social housing, selling time is only 6 months since launching.