Law on social housing loans for low-income people at commercial banks in Vietnam

income of all classes of people; encourage the development of apartment buildings suitable to the specific conditions of each type of urban area to contribute to increasing the housing fund, saving land, creating a civilized urban lifestyle; limit and eventually end the allocation of individual plots of land to households and individuals to build their own houses. Currently, the gap between housing segments is very large. Office buildings are springing up rapidly, demand is saturated while housing projects for low-income people are seriously lacking. This invisibly creates difficulties, becoming a barrier in completing loan applications to support the purchase of social housing for low-income people.

Fifth, thoroughly grasp the viewpoint and solutions for synchronous development.

That is, housing must be developed synchronously with technical infrastructure, social infrastructure, in accordance with the planning approved by competent authorities to contribute to improving the quality of housing and sustainable urban development. Avoid the situation of rampant construction without overall planning leading to many negative consequences later. This is to help build trust of society in general and low-income people in particular in the social housing market, thereby stimulating the demand for social housing for low-income people, creating the sustainability of the social housing market for low-income people.

CONCLUSION OF CHAPTER 3

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According to the principle of consistency, any legal document in its life cycle must always be amended and supplemented to reflect and be consistent with reality. The law on lending to buy social housing for low-income people at commercial banks is no exception to this rule, especially in the context of the practical activities of building and developing social housing and social housing for low-income people, which have only recently taken place in our country, following an increasingly hot development trend in recent years.

Based on the legal status of social housing loans for

low-income people at commercial banks in the recent past, at the same time thoroughly grasping and applying the State's viewpoints, goals and orientations towards the legal system in general and the law on social housing loans for low-income people at commercial banks in particular, the thesis has proposed solutions and recommendations to improve social housing development policies in general and legal policies on social housing loans for low-income people in particular.

The solutions that the thesis aims to improve the law on social housing loans for low-income people at commercial banks include: general solutions and specific solutions. For general solutions, the thesis aims to build and improve mechanisms and policies to improve skills and legislative capacity for staff, staff building and implementing legal policies on social housing loans. This is considered an important and essential solution to improve the quality of social housing loans. In addition, the thesis also aims at specific solutions such as: Improving legal regulations on subjects, conditions, principles and legal procedures for social housing loans for low-income people at commercial banks.

CONCLUDE

The National Housing Development Strategy for the 2011-2020 period approved by the Government in November 2011 affirmed that housing development is the responsibility of the State and the whole society. In major cities across the country, there are currently about 300,000 households living in simple, unstable housing, including more than 1 million houses with an area of less than 30m² (less than 7m²/person). The Ministry of Construction forecasts that by 2020, the housing demand for low-income people in major cities will be about 1 million units, but the current supply only meets about 10,000 units/year. Meanwhile, the latest statistics show that currently, Vietnam has 33.1% of the population, equivalent to more than 30 million people, living in urban areas. Among these, a significant number are people from rural areas to urban areas, earning a living in industrial zones and urban areas with low incomes and no stable housing. Thus, meeting the housing needs of this labor force is becoming increasingly urgent and is a major concern of the State as well as the whole society. Therefore, in order to effectively implement the policy of developing social housing for low-income people to create housing for low-income people, ensure the right to housing of citizens, ensure stability, social security, and at the same time create a driving force to promote socio-economic development, it is necessary to quickly perfect the law on lending to buy social housing for low-income people in order to create a framework and legal corridor for this credit activity at commercial banks.

With the thesis topic: "Law on lending to buy social housing for low-income people at commercial banks", the author has initially researched and clarified some theoretical and practical issues on the law on lending to buy social housing for low-income people. Below are some research results of the thesis.

Firstly, the thesis focused on analyzing and clarifying a number of theoretical issues as well as the theoretical framework on social housing, characteristics, and subjects eligible for preferential treatment in purchasing social housing; social housing for low-income people, characteristics, subjects, and subjects.

The subjects eligible to buy social housing for low-income people are those who have stable jobs and an average monthly income lower than the income subject to personal income tax according to current personal income tax laws.

Second, from the clarification of the concept, nature, lending activities and legal regulations on lending activities of commercial banks, the thesis analyzes and discloses the content of legal regulations on lending activities to buy social housing for low-income people in the following aspects: subjects, conditions, principles and procedures for lending.

Third, the thesis analyzed and evaluated the current legal status of social housing loans for low-income people at commercial banks in terms of regulations on lending subjects, lending conditions and principles; lending procedures and some other contents, thereby pointing out the difficulties, shortcomings and causes of those difficulties and shortcomings in the process of building and implementing legal policies on social housing loans for low-income people at commercial banks.

Fourthly, based on the analysis of the current legal status of social housing loans for low-income people at commercial banks and pointing out the limitations and causes of the limitations, the thesis proposes a number of solutions to contribute to improving the legal status of social housing loans for low-income people at commercial banks. In particular, it emphasizes the role of solutions to improve the capacity and legislative level of the staff advising, building and implementing legal policies for social housing loans for low-income people at commercial banks.

Fifth, the thesis makes a number of recommendations to the State and relevant state management agencies. In particular, the author boldly recommends that social housing lending activities for low-income people should be shifted from borrowing at commercial banks to borrowing at the Social Policy Bank, and at the same time recommends that the State should have mechanisms and legal policies to create capital sources for social housing policies for low-income people in the coming time.

REFERENCES

I. Vietnamese documents

1. Ministry of Finance (2002), Circular No. 20/2002/TT-BTC on Guidance for the implementation of Decree 71/2001/ND-CP dated October 5, 2001 of the Government on incentives for investment in the construction of houses for sale and rent, February 2002 , Hanoi.

2. Ministry of Construction (2006), Circular No. 05/2006/TT-BXD on Guidance on the implementation of a number of contents of Decree 90/2006/ND-CP dated September 6, 2006 on Detailed regulations and guidance on the implementation of the Housing Law in November 2006 , Hanoi.

3. Ministry of Construction (2008), Report on social housing data of Hanoi city sent to the Ministry of Construction in January 2008 , Hanoi.

4. Ministry of Construction (2009), Project on social housing construction investment program for the period 2009 - 2015 on Building a pilot mechanism for investment in construction of social housing infrastructure works, Hanoi.

5. Ministry of Construction (2009), Circular No. 36/2009/TT-BXD dated November 16, 2009 on Guidance on sale, lease, hire-purchase and management of housing for low-income people in urban areas , Hanoi.

6. Ministry of Construction (2010), Circular No. 16/2010/TT-BXD dated September 1, 2010 on Specific regulations and instructions for implementing a number of contents of Decree No. 71/20109/ND-CP dated June 23, 2010 on Detailed regulations and instructions for implementing the Housing Law, Hanoi.

7. Ministry of Construction (2013), Circular No. 02/2013/TT-BXD on Guidance on adjusting the apartment structure of commercial housing projects, urban construction investment projects and converting commercial housing to social housing or service works, Hanoi.

8. Ministry of Construction (2013), Circular No. 07/2013/TT-BXD dated May 15, 2013 on Guidance on determining subjects eligible for housing support loans under Resolution No. 02/NQ-CP dated January 7, 2013 of the Government, Hanoi.

9. Ministry of Construction (2013), Official Dispatch No. 1250/BXD-QLN dated June 25, 2013 on Guidance on determining loan subjects according to Circular No. 11/TT-NHNN and Circular No. 07/2013/TT-BXD dated May 15, 2013 , Hanoi.

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19. Government (2015), Decree No. 100/2015/ND-CP dated October 20, 2015 on Development and Management of Social Housing, Hanoi.

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Builder Magazine, (4), pp.30-38 .

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Journal of Management , (8), pp. 42-50.

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28. State Bank (2009), Circular No. 18/2009/TT-NHNN dated August 14, 2009 on detailed regulations on lending by commercial banks to low-income housing buyers and renters in urban areas, Hanoi.

29. State Bank (2013), Circular No. 11/2013/TT-NHNN dated May 15, 2013 on Regulations on housing support loans under Resolution 02/NQ-CP of the Government , Hanoi.

30. State Bank (2014), Circular No. 32/2014/TT-NHNN dated November 18, 2014 on Amending and supplementing a number of articles in Circular No. 11/2013/TT-NHNN dated May 15, 2013, Hanoi.

31. State Bank (2015), Circular No. 25/2015/TT-NHNN dated December 9, 2015 on Guidelines for preferential loans to implement social housing policies, Hanoi.

32. National Assembly of Vietnam (2010), Law on credit institutions , National Political Publishing House, Hanoi.

33. National Assembly of Vietnam (2010), Law on State Bank , National Political Publishing House, Hanoi.

34. National Assembly of Vietnam (2014), Housing Law , Hong Duc Publishing House.

35. National Assembly of Vietnam (2015), Civil Code , National Political Publishing House, Hanoi.

36. National Assembly of Vietnam (2015), Construction Law , Labor Publishing House, Hanoi.

37. Huynh Nguyen Da Quyen (2011), Solutions for developing social housing in Da Nang City, Master's thesis, Da Nang University of Economics.

38. Hanoi Party Committee (2006), Program 11-Ctr/TU on urban development and management in Hanoi for the period 2006 - 2010 , Hanoi.

39. Prime Minister (2001), Decree No. 71/2001/ND-CP on Investment incentives for construction of houses for sale and rent , Hanoi.

40. Prime Minister (2004), Decision No. 76/2004/QD-TTg on approving the orientation for housing development to 2020 , Hanoi.

41. Prime Minister (2006), Decree No. 90/2006/ND-CP on detailed regulations and instructions for the implementation of the Housing Law , Hanoi.

42. Prime Minister (2007), Decision No. 1561/2007/QD-TTg on the Project to develop a pilot mechanism for investment in the construction of social infrastructure works for long-term lease to non-public units, Hanoi.

43. Prime Minister (2009), Decision No. 67/2009/QD-TTg dated April 24, 2009 on promulgating a number of mechanisms and policies for housing development for low-income people in urban areas, Hanoi.

44. Prime Minister (2011), Decision No. 1081/QD-TTg on Approval of the Master Plan for Socio-Economic Development of Hanoi City to 2020, with a vision to 2030, Hanoi.

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