Hanoi (VNA) – Vietnam is studying effective models to develop housingfor its citizens from other countries, including the housing saving bank inGermany, said Deputy Prime Minister Trinh Dinh Dung.

Receiving Michael Dorner, director of international projects at the Germanhousing savings bank Bausparkasse Schwabisch Hall AG (BSH), in Hanoi on August2, 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. 

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

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

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

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

MichaelDorner, for his part, stressed that his organisation stands ready to exchangemodels and experience with the Vietnamese side in the field.

The BSH is the leading housing savings bank in Germany.-VNA