The Department of Construction in Ho Chi Minh City sought the municipal People’s Committee’s approval for a proposal to build more than 2,000 additional apartments.
HCM City (VNA) – The Department of Construction in Ho𓃲 Chi Minh City sought the municipal People’s Committee’s approval♛ for a proposal to build more than 2,000 additional apartments.
The apartments are part of two social housing projects, the CC1 building and the Chuong Duong Home, funded by the Construction Corporation No.1 (CC1) under the Ministry of Construction and the Chuong Duong Joint Stock Company, respectively.
The CC1 project will be built for 210 billion VND (9.45 million USD) on nearly 3,000 square metres on Nguyen Van Dung Street in Ward No. 6 in Go Vap district.
The 18-storey building is expected to offer 304 apartments ranging between 54-60 square metres each for low-income earners by December 2018.
Meanwhile, the Chuong Duong Home, worth 674 billion VND (30 million USD), includes five 13-storey buildings on 26,340 square metres in Truong Tho ward, Thu Duc district.
It will have 1,777 apartments ranging between 40-75 square metres.
According to the municipal Department of Construction, the city aims to complete three social housing projects in 2016, providing 1,491 apartments and starts construction on three other projects with 1,748 flats.-VNA
Vietnam needs to raise policies and solutions to hasten housing development for low-income earners in urban areas and industrial zones in an effort to improve their living standards.
HCM City's Construction Department has announced that it is cooperating with the HCM City Institute for Department and Research to survey the demand for social housing.
The Vietnam Industrial Bank (Vietinbank) has agreed to provide funding worth 900 billion VND (40.18 million USD) for the Vesta social housing project in Hanoi.
Throughout its resistance against colonialists and imperialists, Vietnam developed a revolutionary press that has served as a benchmark for just and legitimate causes worldwide.
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A hub for sharing best practices, the event aims to forge solutions for financial sustainability, public media contracts, audience engagement, content innovation, and newsroom restructuring. It is also a moment for Vietnam’s media to accelerate its progress and figure out what the “revolutionary press” means in a new era.
From “Thanh nien”, Vietnam’s first revolutionary newspaper founded by Nguyen Ai Quoc (later President Ho Chi Minh) on June 21, 1925, the revolutionary press has remained devoted to its sacred missions -accompanying the nation, serving the Fatherland, and working for the people.
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Tien Giang province has addressed the housing needs of 608 poor, near-poor, and policy-beneficiary families facing housing difficulties. Of these, 370 houses were newly constructed while 238 underwent major renovations.
Illustrative photo (Source: VNA)
