The Ministry of Construction has submitted to the government a list of sweeteners, including tax breaks it wants to offer property developers to invest in low-income housing.

The proposal it sent on January 15 envisages repealing land use/lease charges for developers investing in public housing and allowing them to build 50 percent more on a square meter of land.

Vietnam does not technically allow land ownership but grants land-use rights, which confer the same rights as freehold property.

The proposal also seeks to scrap value-added tax on low-income housing and lower corporate income tax for developers to 10 percent.