At least 1 million social housing units to benefit low-income earners by 2030
The Ministry of Construction has been asked to work with other ministries and sectors to draft and submit a plan to build at least 1 million apartments of social housing for workers and low-income earners between now and 2030 to the Government in August.
PM Pham Minh Chinh speaks at the conference on social housing development in Hanoi on August 1. (Photo: VNA)
Hanoi (VNA) – The Ministry of Construction has beenasked to work with other ministries and sectors to draft and submit a plan tobuild at least 1 million apartments of social housing for workers andlow-income earners between now and 2030 to the Government in August.
Prime Minister Pham Minh Chinh made the request while addressinga conference on social housing development in Hanoi on August 1.
Developing social housing for workers and low-income earnersforms an important part of the socio-economic development policy, and it is theresponsibility of the State and society, PM Chinh affirmed.
The PM noted the State encourages economic sectors to developsocial and affordable housing for workers under the market mechanism, and thatit is also working to provide housing assistance for low-income earners inurban areas and workers in industrial parks, thereby helping to guarantee politicalstability and social security.
Developing social housing is a task of not only the Party andState but also the entire political system, businesses, and people, heemphasised.
Besides, it is also necessary to pay due attention to properlydeveloping boarding houses and attracting investors, including foreign ones, tothe building of social housing for workers and low-income earners.
Social housing development must be connected with the realestate market, adhere to localities’ housing development plans for each period aswell as relevant laws, and have corresponding technical and socialinfrastructure built, the Government leader said.
He told ministries, sectors and administrations of localitiesto show strong resolve, make utmost efforts and take drastic actions to boostcomprehensive development of social housing so that more and more workers andlow-income earners can live and work in contentment./.
Two 12-storey dormitories for factory workers are under development in Thu Duc City, Ho Chi Minh City, capable of accommodating more than 1,000 people.
Social housing projects that developers were hesitant to invest in due to capped profit suddenly gained traction as giant developers recently announced plans to step into the segment.
Ho Chi Minh City expects to build about 35,000 social housing units with 2.5 million square metres of floor space in 2021-2025, and nearly 58,000 units with a floor space of 4.08 million square metres by 2030.
Prime Minister Pham Minh Chinh chaired a conference on August 1 to discuss measures to expand social housing facilities for workers and low-income earners.
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PM Pham Minh Chinh speaks at the conference on social housing development in Hanoi on August 1. (Photo: VNA) 
