Chủ đề: social housing

Vinhomes has set a goal of completing 500,000 social housing units over the next five years, with projects to be implemented on the periphery of major cities and provinces, including Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh, and Da Nang, among others. Each project will range from 50 to 60 ha or more and build what Vinhomes calls “Happy Homes”. This is the first “full utility” social housing model in Vietnam.

North-central Thanh Hoa province has approved a social housing project in Nam Ngan ward in Thanh Hoa city. On 28,000 sq m and with capital of more than VND3.7 trillion ($159.52 million), the project will build 2,400 apartments for low-income earners and is expected to be completed in 2027.

Ho Chi Minh City will kick-off construction this month of four new projects in social housing, worker accommodation, and upgrades to old apartment blocks, bringing more than 3,000 units on to the market. Under planning, the city is to develop 2.5 million sq m of social housing in the 2021-2025 period, or 35,000 apartments.

Demand for social housing in southern Dong Nai province is expected to increase in the time to come. As many new industrial parks come into operation, the province’s workforce may increase by 450,000 workers. According to a plan on social housing in the 2021-2030 period, Dong Nai will set aside more than 920 ha of land for the task.

The Bac Giang Provincial People’s Committee on February 17 approved a list of social housing projects and adjusted a list of urban and residential projects seeking investment. Over recent years, the northern province’s industrial sector has developed rapidly, creating hundreds of thousands of new jobs and triggering major demand for sufficient accommodation.

Industrial parks in cities and provinces around Vietnam have great demand for worker housing. Incentive mechanisms for social housing are adequate but the problem is that procedures are cumbersome and troublesome. It is therefore necessary to adopt breakthrough policies and separate processes for social housing projects.

The Ho Chi Minh City Real Estate Association (HoREA) has sent a document to the Prime Minister requesting he direct the State Bank of Vietnam (SBV) to allow credit institutions designated by the State to provide preferential loans to purchase social housing.

Central Da Nang city is calling for investment in four social housing projects on a total area of 117,000 sq m. To satisfy the need for social housing, the city will invest public capital into other housing projects and call for other capital sources.