Both laws were ratified by the National Assembly in November 2023, with their effective date set for January 1, 2025. However, the Government put forth a proposal for these laws to take effect from July 1, 2024, six months earlier.

This proactive step aims to promptly institutionalise the Party's guidelines, as well as the State's policies and laws governing the development and strict management of the real estate market. It seeks to refine mechanisms and policies to ensure the healthy and sustainable development of this market.

Furthermore, this decision ensures that these laws will come into effect concurrently with the Land Law 2024.

Bac Giang makes joint efforts in removing obstacles to soon complete social housing projects

BAC GIANG- The Department of Construction of Bac Giang province held a meeting on April 3 to review implementation progress of the social housing projects.

Vietnam aims to complete 130,000 social housing units in 2024

The Ministry of Construction (MOC) has set the target to complete 130,000 social housing unit in 2024 as part of a wider plan to build one million units for low-income earners and industrial park workers during the 2021-2030 period.

Central bank to accelerate disbursement of social housing loan package: governor

The State Bank of Vietnam will step up the information work to further popularize the social housing loan package among the public given its sluggish disbursement, Governor Nguyen Thi Hong said Monday.

Revenue from transportation and warehousing services hits over 10.5 trillion VND

BAC GIANG - According to the Department of Statistics, total revenue from transportation and warehousing services is estimated to reach 1.1 trillion VND (46.2 million USD) in October 2023 and over 10.5 trillion VND in 10 months, an increase of 20.4 percent compared to the previous year.

Social housing credit program helps people settle down

BAC GIANG - In recent years, the Bac Giang Provincial Social Policy Bank (SPB) has effectively implemented Decree No.100/2015/ND-CP dated October 20, 2015 of the Government on social housing development and management (Decree 100). Many officials, civil servants and low-income workers receive preferential loans to buy, build and repair houses to stabilize their lives.

Source: VNA