Proposal for the Ministry of Public Security to appoint social housing investors

CAO NGUYÊN |

The Ho Chi Minh City Real Estate Association (HoREA) proposed issuing a pilot resolution of the National Assembly on a number of specific mechanisms and policies for social housing development.

According to HoREA, currently to implement Directive 34-CT/TW of the Secretariat on the development of social housing (NOXH) in the new situation, the current legal provisions do not have regulations on detailed requirements in the Directive.

Therefore, it is urgent to "legalize" Directive 34-CT/TW, first of all, to develop a pilot resolution of the National Assembly so that after the pilot implementation period, if eligible, it can be added to relevant laws.

Regarding the proposal for some specific contents of the National Assembly's pilot Resolution, HoREA proposed to pilot the establishment of a National Housing Fund to develop affordable housing in large cities under the direction of General Secretary To Lam with the name National Housing Finance Fund with a Fund Management Board to unify the management and operation of financial capital to support the development of two types of housing: social housing and low-cost commercial housing.

In addition to the proposal to establish a National Housing Fund, HoREA also proposed to pilot a mechanism for appointing investors for social housing construction investment projects to shorten the implementation time of administrative processes and procedures and reduce compliance costs for both the State and investors.

According to HoREA, the 2023 Housing Law has not yet allowed the provincial People's Committee to "report to the investor of a social housing project" while the current Housing Law, Construction Law and Tax Laws have strictly controlled the investment cost of building a social housing project as well as the investor's assigned profit not exceeding 10%.

From the above analysis, HoREA believes that it is necessary to develop a "Piloting Resolution of the National Assembly" allowing the People's Committees at the provincial level to "report investors of social housing construction investment projects in cases of land use managed by State agencies and organizations", without having to conduct bidding to select investors according to the provisions of the Housing Law and the law on bidding to shorten the time to implement administrative procedures and reduce legal compliance costs for both the State and investors.

In addition, it is necessary to consider piloting the implementation of investment projects to build workers' accommodation outside industrial parks and allowing the People's Committees at the provincial level to appoint investors for social housing investment projects and workers' accommodation in cases of land use managed by State agencies and organizations.

The Vietnam General Confederation of Labor was appointed as the investor of a worker accommodation project outside industrial parks in the case of using trade union capital, to suit the reality that many industrial parks, export processing zones, and high-tech zones (old) no longer have land to arrange for workers' accommodation and in fact, some localities have implemented worker accommodation projects outside industrial parks, export processing zones, and high-tech zones.

HoREA also proposed a pilot program to allow the Ministry of National Defense and the Ministry of Public Security to design investors for social housing construction investment projects or housing projects for the People's Armed Forces in cases of using areas of national defense and security land that have been planned to be removed from national defense and security land to suit the characteristics of the People's Armed Forces.

CAO NGUYÊN
TIN LIÊN QUAN

Social housing is stalled due to procedures

|

HCMC - Many social housing projects have been widely announced, but cannot be implemented due to prolonged legal procedures.

A series of social housing units under 20 million VND/m2 are under construction and open for sale

|

Consecutive low-cost social housing projects in Hanoi that have been started and opened for sale in recent times are information that many investors are interested in.

HCMC announces 10 priority subjects for social housing rental

|

Ho Chi Minh City prioritizes 10 subjects who are allowed to rent social housing invested by the State with state budget capital.

Coffee shop fire in Ho Chi Minh City

|

HCMC - A fire broke out at a coffee shop on Nguyen Van Ba Street (Thu Duc City), causing many people to flee, fortunately no one was injured or killed.

Cases where officials are not allowed to retire early in Hanoi

|

Hanoi - The city does not consider or resolve cases of voluntary applications for early retirement but are assessed to have outstanding abilities.

Gold prices drop sharply, dizzy with losses after a day of buying

|

Domestic gold prices fell sharply, causing losses of up to VND5.7 million/tael after just over a day for investors.

Binh Dinh will handle officials who are negligent in their work when restructuring the apparatus

|

Binh Dinh - On March 21, the 13th term of the People's Council of Binh Dinh province, term 2021 - 2026, held the 22nd Session (special session).

Identifying the identities of 5 victims of the boat sinking in Quang Nam

|

The Quang Nam Border Guard Command has identified 1 fisherman who died and 4 fishermen who went missing due to a sunken boat at noon on March 21.

Social housing is stalled due to procedures

Bảo Chương |

HCMC - Many social housing projects have been widely announced, but cannot be implemented due to prolonged legal procedures.

A series of social housing units under 20 million VND/m2 are under construction and open for sale

Thu Giang |

Consecutive low-cost social housing projects in Hanoi that have been started and opened for sale in recent times are information that many investors are interested in.

HCMC announces 10 priority subjects for social housing rental

MINH QUÂN |

Ho Chi Minh City prioritizes 10 subjects who are allowed to rent social housing invested by the State with state budget capital.