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Construction kicked off for 9 social housing projects in H1

Nine projects on social housing and housing for workers in industrial zones saw their construction started between January and June, expected to offer 18,768 units to the market.

The Ministry of Construction stated that up to now, 307 social housing projects in urban areas nationwide have been completed, with approximately 157,100 units and a total flooring space of nearly 8 million square meters.

Construction kicked off, social housing projects, industrial zones, urban areas,  total flooring space, low-income individuals, industrial workers

A social housing project in Viet Hung Urban Area, Long Bien, Hanoi.

Currently, the country is continuing to implement 418 projects, whose total flooring space covers 22.565 million square meters with approximately 432,400 units.

The ministry is carrying out a project on building at least 1 million units of social housing for low-income individuals, industrial workers during 2021-2030.

Data from the Vietnam Bank for Social Policies (VBSP) showed that over 6.2 trillion VND (261.93 million USD) has so far been disbursed to around 15,000 clients qualified for loans to purchase or rent social housing, workers' housing, and build new or repair houses.

The average per capita housing area nationwide is now about 25.6 square meters.

Bac Giang accelerates progress of traffic and social housing projects
(BGO) – Chairman of Bac Giang provincial People’s Committee (PPC) Le Anh Duong on March 30 inspected the implementation of social housing project for worker in new urban area of Nenh town in Viet Yen district and interchange project of Voi town (Lang Giang district) with Bac Giang – Lang Son expressway.
 
Deputy PM requests tackling obstacles in social housing development
Deputy Prime Minister Tran Hong Ha has requested promptly tackling obstacles in social housing development policies and mechanisms, with incentives in infrastructure, land and finance for developers engaged in the effort.
 
Construction Ministry proposes $4.7B social housing credit
The Ministry of Construction has proposed that the National Assembly and the Government set aside a credit package of VND110 trillion (US$4.66 billion) for the development of social housing.
 
Settling down thanks to social housing credit program
(BGO) - Implementing the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015 on social housing development and management (Decree 100), since 2018, the Vietnam Bank for Social Policies’ branch in Bac Giang province (VBSP Bac Giang) has offered loans under the social housing program.
 
Quang Ninh begins construction of social housing project with nearly 1,000 apartments
The People’s Committee of Ha Long City in Quang Ninh Province commenced construction of a social housing project for nearly 1,000 apartments in Ha Long City’s Hong Hai Ward and Cao Thang Ward on October 30.
 

Source: VNA

Construction kicked off, social housing projects, industrial zones, urban areas, total flooring space, low-income individuals, industrial workers
 
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