Mobilizing capital for commercial housing development

13/05/2018   Viewed: 81
After receiving the document No. 3090 / VPCP-DMDN dated 05/4/2018 by the Office of the Government to transfer the request to answer the question of Mr. Ngo Dang Thieu Phung (115 Nguyen Hue, Ben Nghe Ward, District 1, Ho Chi Minh City, email: thieuphung.94@gmail.com) on mobilizing capital for commercial housing development, the Ministry of Construction has issued Document No. 870 / BXD-QLN to the Office of the Government.
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Specifically: According to the provisions in Point c, Clause 2, Article 19 of the Government's Decree No. 99/2015 / ND-CP of October 20, 2015 detailing and guiding the implementation of a number of articles of the Housing Law. In case of borrowing capital from credit institutions, financial institutions or issuing bonds to mobilize the deficit for construction of dwelling houses, the conditions must be met as agreed upon in the contract. Borrowing capital or regulations on bond issuance.

At present, the issue of bonds of enterprises is implemented in accordance with Decree No. 90/2011 / ND-CP dated 14/10/2011 of the Ministry of Finance. Therefore, Mr. Ngo Dang Thuy Phung should refer to his specific case with the provisions of this Decree for implementation. In the course of implementation, if any difficulties arise, he / she shall contact the Ministry of Finance for guidance and settlement according to regulations.

The Ministry of Construction also requested the Government Office to publicize its reply on the Government's website, the Vietnam Chamber of Commerce and Industry, to the public.
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