NEW YORK: The four hundred and sixteenth entry for the seniors housing Global Awards for 2015 has been received.
The Vietnamese Ministry of Construction has reported that the VND30 trillion ($1.38 billion) credit package for social housing projects has been disbursed slowly reaching less than one fifth after two years of implementation.
Banks have pledged to loan house buyers with VND13,078 billion as of April 30.
Of this VND7,155 billion has been disbursed, including VND5,211 billion to 16,432 households and VND1,944 billion to 33 projects of businesses.
According to the ministry the slow disbursement is because of low social housing supply. Most unsold apartments are large with high prices, which the buyers say are unaffordable.
