Hanoi leaders asked to speed up social housing projects
Hanoi has 32 social housing projects so far, nine of them are currently either selling or renting 8,000 apartments and the remaining 23 are in execution from now until 2020.
Minister of Construction Pham Hong Ha has asked Hanoi’s authorities to speed up social housing projects to meet the demand that becomes urgent in the recent years.
|
“The ministry will help Hanoi tackle any problem arising in the implementation of the planning by reporting the issues to the government,” the minister pledged.
So far, Hanoi has 32 social housing projects, nine of them are currently either selling or renting 8,000 apartments and the remaining 23 are in execution from now until 2020.
The social housing projects are mostly located in the peripheral districts including Gia Lam, Dong Anh, Thuong Tin, Thanh Tri, Bac Tu Liem, Nam Tu Liem, and Hoai Duc.
Demand for social housing in Hanoi is on the rise due to the operations of industrial parks and a large number of low- and middle-income residents.
But the city’s social housing development remains slow despite the 10-year implementation of the plan. Nguyen Chi Dung, deputy director of Hanoi’s Department of Construction, attributed the situation to the lack of cleared land and poor infrastructure.
In an effort to ensure homes for low-income people, the government offered in 2012 a three-year preferential loan worth VND30 trillion (US$1.3 billion) to developers who conducted low-cost housing projects mainly in Hanoi and Ho Chi Minh City. But the number of projects has proven insufficient compared to the actual demand which is estimated at 110,000 apartments in Hanoi.
The price of social housing is VND15 million (US$646)/square meter as maximum. Beneficiaries include those owning no domiciles or dilapidated houses, police and military officiers, people in the payroll of the armed forces, poor civil servants, and low-income people.
20:47, 2025/01/22
Vietnam news in brief - January 22
Stay up to date with the latest news from The Hanoi Times.
20:53, 2025/01/21
Vietnam news in brief - January 21
Read The Hanoi Times for more updates about Vietnam and its capital.
08:58, 2025/01/21
Vietnamese leaders congratulate President Donald Trump on inauguration day
Vietnamese leaders expressed confidence that, under Trump's leadership, the partnership would continue to grow based on mutual respect for independence, sovereignty, and political systems.
23:10, 2025/01/20
Vietnam, Czech Republic issue Joint Statement on elevating ties to Strategic Partnership
Prime Minister Pham Minh Chinh and Prime Minister of the Czech Republic Petr Fiala have issued a Joint Statement, upgrading Vietnam-Czechia relations to a Strategic Partnership during the Vietnamese Prime Minister's official visit to the Czech Republic, from January 18 to 20.
21:52, 2025/01/20
Vietnam news in brief - January 20
Read The Hanoi Times news in brief to get the latest updates on the country.
06:05, 2025/01/20
President calls for overseas Vietnamese to join hands in nation-building efforts
The president said Vietnam will strengthen efforts to promote patriotism, fulfill aspirations, preserve the Vietnamese language, and uphold the nation’s cultural heritage among overseas Vietnamese.
- General Secretary acknowledges overseas Vietnamese’ contributions
- Vietnam news in brief - January 19
- Homeland Spring 2025: Overseas Vietnamese explore investment opportunities
- PM calls for Polish businesses to seize opportunities in Vietnam’s market
- Vietnam news in brief - January 17
- Vietnam to have five international tech giants by 2030: General Secretary