Workshops sharing experience in social housing development of the Republic of Korea (RoK) and policy improvements in Vietnam will be held in major cities of HCM City, Da Nang and Hanoi in the coming time, according to the Ministry of Construction (MoC).
A social housing project in Vietnam (Illustrative photo: HUD)
Hanoi (VNA) - Workshops sharing experience in social housing development of the Republic of Korea (RoK) and policy improvements in Vietnam will be held in major cities of HCM City, Da Nang and Hanoi in the coming time, according to the Ministry of Construction (MoC).
The events are part of a project on the building of a master policy on Vietnam's social housing development for the 2021-30 period, which is carried out using non-refundable official development assistance (ODA) from the RoK government via the Korea International Cooperation Agency (KOICA), said Deputy Director General of the MoC’s Housing and Real Estate Market Management Bureau (HREM) Ha Quang Hung.
The project strives to devise and complete legal documents on the field, particularly in Vietnam’s current policies, survey the need of those who are eligible for social housing, provide training for staff in charge of building social housing policies for 2021-30, and revise the housing law 2014.
KOICA experts will replicate ideas from different pilot programmes and apply successful ideas in Vietnam’s specific conditions. Analysis, evaluation and recommendations will be provided for the MoC to fine tune mechanisms and policies in a bid to integrate advanced social housing development approaches in the world into Vietnam’s social housing programmes.
Statistics of the HREM showed that 249 social housing projects for low-income earners in urban areas and workers at industrial parks have been finished so far, with more than 104,200 apartments spanning about 5.4 million sq.m.
Meanwhile, 264 projects housing some 219,000 apartments are underway. However, the result is still far behind the target set by the national housing development strategy of 12.5 million sq.m of social housing by 2020./.
Ho Chi Minh City is expected to need an additional 160,000 social housing apartments in the next decade to meet its rising population and demand for affordable housing, according to the city’s Department of Construction.
Vietnam has 513 social housing projects for workers, 249 of which with 5.2 million sq.m of floor area are completed, or 41.7 percent of the plan, according to figures from the Ministry of Construction.
Vietnam’s average housing floor area per person in 2020 was only 24sq.m, failing to meet the set target of 25 sq.m, according to an official from the Ministry of Construction.
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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.
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A social housing project in Vietnam (Illustrative photo: HUD) 
