PM calls for 450-day drive to eliminate substandard housing by late 2025
Prime Minister Pham Minh Chinh on October 1 called for the launch of a concentrated drive lasting 450 days and nights, pooling public strength to eradicate temporary and dilapidated housing nationwide by the end of 2025.
PM Pham Minh Chinh chairs the meeting (Photo: VNA)
Hanoi (VNA) - Prime Minister Pham Minh Chinh on October 1 called for the launch of a concentrated drive lasting 450 days and nights, pooling public strength to eradicate temporary and dilapidated housing nationwide by the end of 2025.
Chairing a meeting in Hanoi between permanent Government members and the Vietnam Fatherland Front (VFF), ministries and agencies, PM Chinh outlined a plan to eliminate over 153,000 sub-standard homes for poor and near-poor households, saying that a campaign is underway in celebration of upcoming national milestones, including the 14th National Party Congress, the 80th anniversary of National Day, and the 50th anniversary of the liberation of the South and national reunification.
New, decisive, scientific, and more effective approaches to achieve this goal are needed, he said.
To oversee the campaign, PM Chinh requested the establishment of a steering committee chaired by himself. The committee will include the President of the VFF Central Committee, the Permanent Deputy PM, and the Minister of Labour, Invalids, and Social Affairs as deputy chairs, with leaders of other ministries and units as members.
According to the Ministry of Labour, Invalids and Social Affairs, the total cost for the effort is estimated at over 6.5 trillion VND (270 million USD), including 50 million VND per household for new construction and 25 million VND for repairs.
ಞ At the campaign launch event, organisations and individuals contributed 320 billion VND to the national fund for the initiative, with localities having already raised an additional 44 billion VND./.
Prime Minister Pham Minh Chinh on September 29 inspected Hoa Binh’s implementation of a nationwide movement to eliminate temporary and dilapidated houses by 2025, as part of his working visit to the northern mountainous province.
The Vietnam Association of Real Estate Brokers (VARS) has proposed couples with two children are given priorities in buying homes at social housing projects, as a solution to encourage marriage before the age of 30 and increasing the birth rate.
The Ministry of Construction has agreed with the State Bank of Vietnam (SBV)’s proposal to offer preferential lending rates for homebuyers who borrow from the 120 trillion VND (4.72 billion USD) social housing credit package, at 3-5 percentage points lower than the average.
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At a review conference held on June 21, Deputy Minister of Construction Nguyen Van Sinh praised the province’s scientific, coordinated, and flexible approach. He noted that the early completion reflects the strong commitment of local authorities, the business community, philanthropists, and residents in improving housing conditions for disadvantaged groups.
The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
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The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
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With strong support from local authorities, businesses, organisations, and residents, the province has successfully built or repaired 10,707 homes for disadvantaged households, including war veterans, families of martyrs, ethnic minority people, and low-income residents.
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