Vietnam: Where is the capital for social housing development raised from?

According to Decree No. 100/2015/ND-CP of Vietnam’s Government, the capital for social housing development invested by the State are raised from:

- Direct capital from central government budget; Government bonds (if any); local housing development funds (if any), funds of the Ministry of National Defense that are established and operated in accordance with law (if any); annual funding from local government budget under decisions of the People’s Councils of provinces; municipal bonds, housing bonds; other legitimate sources defined bylaw;

- ODA and other foreign loans (if any).

Moreover, the capital sources other than state budget raised by various economic sectors (including households and individuals) that invest in construction of social houses include:

- Existing capital of the investors or households and individuals;

- Concessional loans granted by Vietnam Bank for Social Policies or credit institutions appointed by the State as specified in Chapter III of this Decree;

- Issuance of bonds under guarantee by the Government as defined by regulations of law on issuance of Government bonds, municipal bonds, and bonds invested by enterprises;

- Commercial loans granted by credit institutions established and operated in accordance with law;

- Loans granted by local housing development funds (if any), funds of the Ministry of National Defense that are established and operated in accordance with law (if any);

- Other legitimate sources of capital defined by law.

View relevant provisions at Decree No. 100/2015/ND-CP of Vietnam’s Government, effective from December 10, 2015.

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE