Ministry plans incentives for low income housing projects

Deputy Minister of Construction Nguyen Tran Nam said the increasingly high demand of low income housing had become a “headache” as the government lacks both the capital and human resources to ease it.

The newly proposed policies, which would be submitted to the prime minister for consideration at a later date, could exempt developers from land use tax, value added tax and even corporate tax if they build housing for low-income people, Nam said.

“Regulations will be amended so that the paperwork for affordable housing projects will be simplified,” Nam said.