Search for "social housing"

The amended law allows for breakthrough mechanisms, preferential policies, and strong investment support for social housing projects.

Promoting social housing projects remains a priority for the government.

Hanoi is among the major urban areas with high demand for social housing, yet investment remains limited.

Hanoi is expected to require capital of VND12.5 trillion (US$508 million) to develop social housing projects by 2025.

In 2024, the Ministry of Construction will closely monitor the implementation of the plan and work with local governments to allocate land for social housing.

The difficulties in the real estate sector may have contributed to Vietnam's lower-than-expected GDP growth in the first quarter (3.32%).

The city will need VND12.5 trillion (US$527 million) for social housing development in the period 2021-2025.

In the 2021-2025 period, Hanoi expects to speed up the construction of 22 social housing projects and complete the preparation for others with a combined floor area of 1.21 million square meters.

The Hanoi Development Investment Fund has signed four MoUs to provide loans worth VND1.4 trillion (US$60 million) to property developers.

The city would continue to explore opportunities to build new social housing projects to meet growing public demand.

The Vietnamese Government has called on the business community to develop social housing projects and make suggestions to remove difficulties and obstacles in the implementation of projects.

The city expects to build another 44 million square meters of floors in the 2021-2025 period to meet the growing demand for housing from the locals.

Not only there is an imbalance in the structure of property supplies in the market, but the number of new projects has also been on the decline in the past three years.