6 projects in Hanoi are eligible to borrow the 120,000 billion VND credit package

According to the Ministry of Construction , the results of the implementation of the 120,000 billion VND credit package in Hanoi were also reported to the State Bank. Accordingly, as of early October, in Hanoi, there were 6 projects eligible for preferential loans from the 120,000 billion VND package. Among them, there were 4 projects investing in the construction of social housing and 1 project investing in the renovation and reconstruction of apartment buildings.

6 dự án ở Hà Nội đủ điều kiện vay gói tín dụng 120.000 tỉ đồng - Ảnh 1. — As of early October, Hanoi had 6 projects eligible for loans from the 120,000 billion VND preferential package to support the development of social housing, worker housing, and renovation of old apartments.

Specifically, the social housing project of Thanh Lam - Dai Thinh 2 New Urban Area project invested by Housing and Urban Development Corporation (HUD) with a scale of 760 apartments is expected to start construction in the fourth quarter of 2023 and be completed in the fourth quarter of 2025. The project has a loan demand of 389 billion VND.

The social housing project at Kim Hoa Urban Housing Area project, Kim Hoa commune, Me Linh district is invested by Than Ha Trading and Construction Company Limited. The project builds 720 apartments with a total investment of 1,116 billion VND and has a demand for preferential loans of about 892 billion VND. The project was started on December 28, 2022, and is expected to be completed in June 2024.

IEC Social Housing Project, Tu Hiep Commune, Thanh Tri District, invested by IEC Construction and Mechanical Electrical Investment Joint Stock Company, with a construction scale of 1,237 apartments.

The project to renovate and rebuild the railway transport service apartment complex is invested by the joint venture of the Railway Transport Service Joint Stock Company and the Hanoi Architecture Development Construction Investment Joint Stock Company. This is a project to renovate the old apartment complex with 92 apartments (total floor area is more than 10,000 ^m2 ), total investment of more than 125 billion VND, with a loan demand of about 62.5 billion VND. The project is completing investment procedures and is carrying out site clearance work.

6 dự án ở Hà Nội đủ điều kiện vay gói tín dụng 120.000 tỉ đồng - Ảnh 2. — Hanoi still lacks social housing projects

The report of Hanoi City also clearly stated that in the area, there are 2 social housing construction investment projects that have not reported on the need for loans: the AZ Thang Long Commercial and Service Apartment Complex project, Hoai Duc District, invested by Thang Long Confectionery Company Limited, and the Housing Area for Workers in Phu Nghia Industrial Park, invested by Phu My Group Joint Stock Company.

Regarding the implementation of the 120,000 billion VND credit package program, as of August 31, 2023, 4 state-owned commercial banks including: Agribank , BIDV, Vietcombank, Vietinbank were assigned by the State Bank. The loan interest rate during the preferential period is 1.5 - 2% lower than the average medium and long-term VND loan interest rate of state-owned commercial banks.

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