Vietnam Follows Swedish Housing Co-ops Model

Southern metropolitan HCMC is going ahead with housing co-operative design for low-income earners following the success of Swedish housing co-ops which based on an international co-op model.
         This housing project will bring hope for Vietnamese low-income earners to have their own residents.
         Under the model people who have demand to buy houses will have to become members of the co-operative and open a saving account at authorized banks. The members accumulate points that based on monthly saving to buy apartments developed by the bank.
         The seminar on this topic was jointly organized by Sweden’s KF project Center and Union of Housing Co-operatives and Vietnam Co-operative Alliance on Thursday 15 December, 2005.

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