Construction Ministry eyes construction bank

File photo shows a groundbreaking ceremony for a housing project in Ho Chi Minh City (Photo: Van Bao)

The Ministry of Construction has proposed the State Bank of Vietnam to study an idea by the Vietnam Real Estate Association to set up a construction bank.

Deputy Minister Nguyen Tran Nam is of the view that such a bank would facilitate Vietnam’s housing development programs such as homes for the poor, students, low-income people in urban areas, and even building materials production programs.

This bank would benefit other programs in the construction sector, according to him. In addition, it would serve as an effective channel to mobilize capital for the real estate market.

In related news, Mr. Nguyen Manh Ha, chief of the House and Real Estate Administration Division, said the Ministry of Construction would submit to the Government a scheme to establish a savings fund for housing development.

Source: Sai Gon Giai Phong, translated by Van Bao

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.