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VietNam: Gov’t ponders housing fund to help low-income earners

Posted on 08 March 2012

The Ministry of Construction is considering the establishment of a housing development fund to help low-income earners become home owners. A draft plan on establishment of the fund is expected to be submitted to the Government by the end of this month.
According to the ministry’s plan, among a range of funding sources that include profits from the State lottery, the fund would also receive 10 per cent of fees for land-use rights collected from retail and residential areas along with funds from central and provincial State budgets………………………………………..Full Article: Source


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