The first phase of the POSCO Vietnam village project in Tan Hoa commune, the southern province of Ba Ria – Vung Tau, has been inaugurated after seven months of construction, with the transfer of 26 newly-built houses to poor households.

The village of 85 homes costs nearly 8.1 billion VND (386,000 USD), each worth 95 million VND (4,523 USD) and covers an area of 53.6 sq.m.

The first phase commenced from November 2014- June 2015 at a cost of around 2.5 billion VND (119,000 USD) while the second phase will start this July.

Sponsored by the POSCO Vietnam Ltd Company and Habitat for Humanity Vietnam (HFH Vietnam), the project is also helped out by a group of Vietnamese and Korean volunteers who engaged in the construction.

The HFH Vietnam will develop livelihood models designed for beneficiaries via community development projects.

Tan Hoa commune is the poorest locality in Tan Thanh district, recording the highest household poverty and unemployment rates.-VNA