The Ministry of Construction is completing a draft resolution to encourage the development of low-cost commercial apartments to submit to the Government in the third quarter of this year.
The Ministry of Construction (MoC) is completing a draft resolution to encourage the development of low-cost commercial apartments to submit to the Government in the third quarter of this year.
A policy allowing foreign individuals and organisations to buy and own houses and construction works in Vietnam will help lure investment and high quality human resources from the outside to the country for national development, according to Nguyen Tran Nam, Chairman of the Vietnam Real Estate Association.
More than 1,000 affordable apartments will be built for industrial park workers at a complex in the Mekong Delta province of Tien Giang, according to Chairman of the provincial Federation of Labour Truong Van Hien.
The Ministry of Construction should take more effective steps to support the development of low-cost housing and build an information system about housing and property market to improve transparency, management and planning, said Prime Minister Nguyen Xuan Phuc.
When it comes to social housing or affordable housing for low-income earners, funding is usually a key factor in such projects. However, once the projects are completed, problems in planning, investment management and efficiency tend to crop up.
Hanoi’s leader has promised to solve all issues in the daily lives of all workers in the city soon, including shortages of housing, cultural activities, kindergartens and medical centres at industrial zones.
Ho Chi Minh City needs better cooperation among the State, developers, builders, material suppliers and banks to improve the local property market, the HCM City Real Estate Association has said.
Low-cost housing projects planned by the municipal administration should have the same quality of construction and infrastructure as their commercial counterparts.
Videos
