Real estate businesses in the southern region have proposed solutions to help accelerate the implementation of social housing projects and housing for workers.

At a working session with the Vietnam Real Estate Association in Ho Chi Minh City on April 17, business representatives said it is necessary to allocate land for building social housing and simplify administrative procedures for social housing investment.

They suggested measures relating to mechanisms and policies, such as disbursing the credit package of VND120 trillion ($5 billion) for the construction of social housing and housing for workers, site clearance and compensation, and land fees.

Clear criteria on the buyers or renters of social housing or housing for workers are needed together with transparent and simplified appraisal and approval procedures and time. Capital disbursement by social policy banks in localities should be carried out in line with targets set under the government master plan, creating conditions for people to gain access to capital sources.

Finally, they asked local authorities to also tackle the difficulties in social housing projects.