Nguyen Xuan Quang, Chairman of Nam Long Group, stated that over the past 15 years, the company has provided over 10,000 products, including 5,000 social housing units. He discussed the challenges in the pricing approval process for social housing, suggesting a one-time price approval to simplify the procedure. Nam Long aims to attract private investment for social housing and believes incentives are necessary to encourage corporate participation. He proposed state assistance in land clearance and market price assessments for better alignment with actual values. Additionally, he noted that the current sales fee of 2% needs revision as it should realistically be between 5% to 8%. He recommended establishing a multi-ministerial steering committee to address these issues, and indicated Nam Long’s commitment to build 60,000 social housing units in Ho Chi Minh City, Hanoi, Can Tho, and Long An by 2030.
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