Challenges persist in disbursing social housing loans, urgent solutions needed
Despite more than a year since the implementation of the VNĐ120 trillion support package which provides preferential loans from commercial banks to social housing developers and buyers, the incentives have fallen short of expectations, with a disbursement rate of less than 1 per cent of the total package. Challenges in site clearance, land use fees and cumbersome procedures are hindering progress. President of the Việt Nam Association of Realtors (VARS) Nguyễn Văn Đínhtalks talked to BNEWS about possible solutions to meet housing needs.