The Ministry of Construction has identified investments in social housing projects for workers as one of the priorities this year, expressing hope that these projects would help boost disbursements of the VND30-trillion (US$1.4-billion) home loan package.
The Ministry of Construction has identified investments in social housing projects for workers as one of the priorities this year, expressing hope that these projects would help boost disbursements of the VND30-trillion (US$1.4-billion) home loan package.
Minister Trinh Dinh Dung said to enable more people to benefit from the Government’s home loan program, the property market needs more low-cost apartments and that developing more social housing, especially for workers, would help realize this.
The supply of housing for workers at industrial parks (IPs) is still limited, Dung said when he made a field trip to worker housing projects in Ba Ria-Vung Tau and Dong Nai provinces.
According to the master development plan for IPs in Vietnam, 7.2 million workers will work at these parks by 2020, and 4.2 million of them will have demand to own apartments. But IPs have fulfilled only 20% of the demand, and most workers have to lease apartments for living.
Dung said he is concerned that workers have to live in leased apartments with a small area of only 2-3 square meters for one person and poor hygiene standards. Therefore, it is important to encourage more real estate firms to invest in housing for workers.
The minister suggested local authorities create favorable conditions for property firms to develop those housing projects by preparing land and simplifying procedures.
The ministry will propose the Government issue more supporting policies to encourage the development of worker housing in the coming time.
(Source: SGT)
