Today: 03/10/2023 23:24:18 (GMT+7)

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.

He made the request during a meeting in Hanoi on March 10 to discuss a project on building at least 1 million social housing apartments.

Ha stressed that the long-term goal of the project is to improve Vietnam’s ranking in ensuring citizens’ right to access housing.

Deputy PM, Tran Hong Ha, tackling obstacles, social housing development, policies and mechanisms, incentives in infrastructure, low-income workers

Deputy Prime Minister Tran Hong Ha speaks at the event.

In each stage, specific targets need to be set such as building dormitories for students, social housing for workers in industrial zones and for vulnerable groups, based on which, appropriate solutions, policies, allocation of resources could be proposed, he said.

The Deputy PM reiterated the need to conduct a full study and evaluation of housing needs among the public, especially low-income workers and vulnerable groups up to international practices. In particular, consideration should be given to the average income of workers and their affordability for social housing.

It is necessary to study a policy that enables workers with stable jobs and incomes to access loans for home purchase or rent at low-interest rates, Ha said.

When it comes to launching any project, it is a must to clarify responsibilities of the State and private sector, and have criteria for projects using public, public-private and private capital, he said, adding that social housing projects should be added to land, construction and urban development planning.

In his view, social housing purchase and rent policies need to be flexible in order to encourage workers to stay longer with their firms.

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.
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.
Housing development plan approved in Bac Giang
(BGO) – The People’s Committee in Bac Giang province has issued Decision to approve for the housing developing plan in 2022 and 2021 – 2025 period in the province. Accordingly, Bac Giang will implement 379 housing projects in 2022, including 356 urban and residential area projects and 23 apartment ones.
At least 1 million housing units for low-income earners to be built by 2030
Prime Minister Pham Minh Chinh has asked the Ministry of Construction to work together with other ministries and agencies to draft and submit a plan on building at least 1 million apartments of social housing for workers and low-income earners by 2030 to the Government in August.
Bac Giang removes obstacles, puts social housing projects in use
(BGO) – The industry has strongly developed in the northern province of Bac Giang for recent years leading to sharp increase of housing demand for labours. To handle this issue, the province has approved and implemented many social housing projects for workers (SHP) to raise the local investment attraction. The implementation proved initial positive results together with some obstacles.

Source: VNA

Deputy PM, Tran Hong Ha, tackling obstacles, social housing development, policies and mechanisms, incentives in infrastructure, low-income workers
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