Gov’t chief approves program to build one million social housing apartments

Prime Minister Pham Minh Chinh has signed Decision 338/QD-TTg approving a program to build 1,062,200 social housing apartments for low-income earners and workers in industrial parks and processing zones in the 2021-2030 period.

In Viet Nam, social housing sells at VND15 million per square meter on average, and the prices can be up to VND21-25 million per square meter in some areas, beyond the reach of the poor. In 2011-2020, only 248 social housing projects providing 100,000 apartments were developed, which meant that only 41.4 percent of the plan was implemented.

Keep reading…

Khanh Phuong