The construction sector excelled in 2014, said Minister of Construction Trinh Dinh Dung.
Itfound success in legal institutions, saved the State money, boosted thereal estate market and planned to create more housing for low-incomefamilies, he said.
The Ministry of Construction (MOC) focused onamending three major laws in 2014: the Construction Law, the Housing Lawand the Law on Real Estate Business.
Dung said he was confidentthe three revised laws would offer a comprehensive legal corridor forpromoting effective management of construction loss, waste and quality,as well as ineffective use of investments.
The sector also saved the State trillions of dong with proper inspections and surveillance.
Thirdly,the MOC was successful in breathing new life into to the real estatemarket while developing more affordable housing for low-incomeresidents.
Finally, a programme aimed to create more housing forrural, disadvantaged families; flood-prone areas; and low-income peopleliving in urban areas, including workers and students.
"From nowuntil 2020, we need more than one million affordable apartments, mainlyin major cities such as Hanoi and Ho Chi Minh City, and in majorindustrial parks in Binh Duong, Dong Nai, Thai Nguyen, Hung Yen, VinhPhuc and Bac Ninh and others," Dung said.
"This is a veryimportant task. The construction sector will have to work hard andco-ordinate closely with other ministries, sectors and enterprises inthe next six years."
He said that under the 2014 Housing Law,which went into effect this year, all construction enterprises thatbuild commercial homes must dedicate 20 percent of their products toaffordable housing projects. Meanwhile, the Bank for Social Policy mustoffer low interest rates with long-term credit to people having troubleaffording an apartment.
Minister Dung said five Vietnamese bankshad committed to setting aside 9.4 trillion VND (448.4 million USD) tolend to policy beneficiaries through the Government's social housingcredit programme.
Dung said the Law on Housing and the revisedLaw on Real Estate Business would make 2015 a good year for housingdevelopment in Vietnam.
"The real estate market will be gearedtoward the buyers and provide them with what they want, as well asmarket liquidity," Dung said.-VNA
Itfound success in legal institutions, saved the State money, boosted thereal estate market and planned to create more housing for low-incomefamilies, he said.
The Ministry of Construction (MOC) focused onamending three major laws in 2014: the Construction Law, the Housing Lawand the Law on Real Estate Business.
Dung said he was confidentthe three revised laws would offer a comprehensive legal corridor forpromoting effective management of construction loss, waste and quality,as well as ineffective use of investments.
The sector also saved the State trillions of dong with proper inspections and surveillance.
Thirdly,the MOC was successful in breathing new life into to the real estatemarket while developing more affordable housing for low-incomeresidents.
Finally, a programme aimed to create more housing forrural, disadvantaged families; flood-prone areas; and low-income peopleliving in urban areas, including workers and students.
"From nowuntil 2020, we need more than one million affordable apartments, mainlyin major cities such as Hanoi and Ho Chi Minh City, and in majorindustrial parks in Binh Duong, Dong Nai, Thai Nguyen, Hung Yen, VinhPhuc and Bac Ninh and others," Dung said.
"This is a veryimportant task. The construction sector will have to work hard andco-ordinate closely with other ministries, sectors and enterprises inthe next six years."
He said that under the 2014 Housing Law,which went into effect this year, all construction enterprises thatbuild commercial homes must dedicate 20 percent of their products toaffordable housing projects. Meanwhile, the Bank for Social Policy mustoffer low interest rates with long-term credit to people having troubleaffording an apartment.
Minister Dung said five Vietnamese bankshad committed to setting aside 9.4 trillion VND (448.4 million USD) tolend to policy beneficiaries through the Government's social housingcredit programme.
Dung said the Law on Housing and the revisedLaw on Real Estate Business would make 2015 a good year for housingdevelopment in Vietnam.
"The real estate market will be gearedtoward the buyers and provide them with what they want, as well asmarket liquidity," Dung said.-VNA
