70% of Vietnam’s low-cost houses built in Hanoi
Hanoi expects to meet housing targets for 2020 required in the context of high urbanization rate.
Hanoi topped localities nationwide for developing more than 315,000 square meters (sq.m) or 3,150 affordable houses in 2018, accounting for 70% of the country’s newly-launched units in the year. 
A resident project
|
As of end-2018, the city abolished temporary dwelling places and raised the ratio of modern housing to 93.76%, including 95.68% in urban zones and 91.62% in suburban areas.
With such results, Hanoi already finished its goals for developing modern houses by 2020 approved by the city’s leaders and the prime minister.
Moreover, residential areas are supported with infrastructure namely transport routes, parking lots, power grids, and drainage systems.
Hanoi’s housing targets for 2016-2020 include 6.2 million sq.m of social housing (including 977,000 sq.m for students and 567,000 sq.m for workers); 1.2 million sq.m for resettlement; 20.4 million sq.m for commercial sales.
The city targets to raise average housing area per head to 26.3 sq.m, including 29.1 sq.m in urban zones and 22.1 sq.m in suburban.
Housing developed in 2016-2018
The ratio of apartments in Hanoi accounts for 96.55% out of 77,500 units opened to the market between 2016 and 2018.
Commercial houses reached eight million sq.m during 2016-2018, the figure is likely to hit 14 sq.m by 2020.
Houses for resettlement climbed to 305,000 sq.m developed for the 2016-2018 period and to 980,000 sq.m by 2020.
As of June 2019, the average accommodation area in Hanoi hit 26 sq.m/head.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
15:12, 2024/11/14
North-South high-speed railway to open up new economic opportunities
The government proposes a design speed of 350 km/h for the railway to ensure a modern, integrated, and forward-looking infrastructure appropriate to Vietnam’s geographical and economic conditions.
17:25, 2024/11/07
Prime Minister calls on China to pilot border economic cooperation zone
This economic cooperation zone is an initiative proposed by China and has been under negotiation with several countries, including Vietnam, since 2007.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.