Vietnam Time

8/3/2018 10:10:17 AM

Vietnam looks to learn from Germany’s housing saving bank: Deputy PM

Vietnam is studying effective models to develop housing for its citizens from other countries, including the housing saving bank in Germany, said Deputy Prime Minister Trinh Dinh Dung.

Receiving Michael Dorner, director of international projects at the German housing savings bank Bausparkasse Schwabisch Hall AG (BSH), in Hanoi on August 2, Deputy PM Dung said Vietnam has learnt a lot in many fields from Germany, which is a developed country and a strategic partner of Vietnam.

At the reception. Photo: VGP

He said he had studied and appreciated social housing policies in Germany, in which the banking system plays an important part in helping citizens to save to buy houses.

The Deputy PM told his guest that Vietnam has a high population growth, hence big demand for housing, stressing that ensuring housing for all is both a short-term and long-term targets of the nation.

In the past years, a line-up of policies have been carried out to provide accommodation for low-income people; however, their efficiency has fallen short of expectation due to limited resources, he said.

He asked the State Bank of Vietnam, the Ministry of Finance, and the Ministry of Construction to join hands with the BSH, and the German Embassy in Vietnam to build suitable models to encourage housing savings in Vietnam.

Michael Dorner, for his part, stressed that his organization stands ready to exchange models and experience with the Vietnamese side in the field.

The BSH is the leading housing savings bank in Germany.

  ( VNF/VNA )
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