Across the country 124 social housing projects have been implemented with a total investment of more than 30.672 trillion VND (1.442 billion USD), including 85 projects for low-income earners and 39 projects for industrial zone workers.
The Ministry of Construction in coordination with the authorities of big cities such as Hanoi , Ho Chi Minh City and Da Nang have established working groups to implement the Government Resolution 02/NQ-CP on social housing.
According to the resolution, 25 out of 30 commercial housing projects in Hanoi were converted to social housing projects, contributing a total of 14,300 social homes.
HCM City has also licensed four out of 26 housing projects that requested to be turned into social housing projects.
The implementation of social housing projects has so far shown that the supply of such houses has been limited, restricted by obstacles to complete a variety of procedures which involve many different agencies.
However, the Government has issued Decree 188/2013/ND-CP on the development and management of social housing with stronger support and clearer procedures, which aim to increase social housing supply as well as regulating the property market.-VNA
The Ministry of Construction in coordination with the authorities of big cities such as Hanoi , Ho Chi Minh City and Da Nang have established working groups to implement the Government Resolution 02/NQ-CP on social housing.
According to the resolution, 25 out of 30 commercial housing projects in Hanoi were converted to social housing projects, contributing a total of 14,300 social homes.
HCM City has also licensed four out of 26 housing projects that requested to be turned into social housing projects.
The implementation of social housing projects has so far shown that the supply of such houses has been limited, restricted by obstacles to complete a variety of procedures which involve many different agencies.
However, the Government has issued Decree 188/2013/ND-CP on the development and management of social housing with stronger support and clearer procedures, which aim to increase social housing supply as well as regulating the property market.-VNA
