PM urges special credit support for feasible realty projects
The State Bank of Vietnam should introduce special credit support packages for real estate projects that are feasible and making good progress, said Prime Minister Pham Minh Chinh.
Hanoi (VNA) – The State Bank of Vietnam should introducespecial credit support packages for real estate projects that are feasible andmaking good progress, said Prime Minister Pham Minh Chinh.
In his official dispatch signed on October 24, the Government leader called forthe drastic implementation of measures to develop the real estate market in asafe, healthy, and sustainable manner.
He urged relevant ministries, agencies, and local authorities toheighten accountability and adopt a proactive attitude.
Recognising that legal constraints and credit access continue tohinder the growth of the real estate market, PM Chinh requested the Ministry ofConstruction to expedite the drafting of the amended Law on Housing and Law onReal Estate Business. He also emphasised the importance of refining the legalframework for the execution of commercial housing projects, social housingprojects, and new urban area developments to ensure coherence.
The PM highlighted the importance of speeding up a project ondeveloping at least 1 million social housing apartments for low-incomeindividuals and workers in the 2021-30 period.
In terms of credit, the PM encouraged banks to boost lending forreal estate and devise strategies to reduce interest rates. Banks must roll out unique credit support policies for propertyprojects that demonstrate high feasibility and are well underway, he noted.
He also emphasised the need to expedite the disbursement of the 120trillion VND (4.88 billion USD) credit package designated for social housingdevelopment.
The Ministry of Natural Resources and Environment has been taskedwith finalising the land pricing method and presenting it for review withinthis month.
Since the beginning of this year, construction on 10 socialhousing projects and housing initiatives for workers have commenced,anticipated to provide a total of 19,853 apartments. Twenty provinces andcities have unveiled a list of 52 projects eligible for the 120 trillion VND creditpackage, which have a combined borrowing requirement of over 25.88 trillion VND./.
Small- and medium-sized enterprises (SMEs) are finding it difficult to access the Government's credit package worth 250 trillion VND (10.7 billion USD) to support those affected by the COVID-19 pandemic because of a lack of trust in their ability to repay.
Despite the COVID-19 pandemic, the number of newly registered enterprises in the Mekong Delta province of Tra Vinh has risen this year compared to the same period last year.
Ho Chi Minh City’s credit growth has rebounded, growing by 3.65 percent as of the end of March, up 13.1 percent year-on-year, according to the State Bank of Vietnam’s HCM City branch.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
A social housing project in Da Nang. (Photo: VNA) 
