The Ministry of Construction has asked cities and provinces throughout the country to make reports on land available for social housing projects. A social housing project in HCMC's Binh Chanh District. The Ministry of Construction has asked local authorities to report on land available for social housing projects The ministry had earlier been assigned to control the planning and use of land in urban areas to develop social housing projects and report the results to the prime minister this quarter, Lao Dong newspaper reported. According to the ministry, the country needs some 440,000 social homes in the 2011-2020 period. Of this total, HCMC needs 134,000 units; Hanoi, 110,000; Binh Duong, 41,250; Dong Nai, 36,700; and Danang, 11,500. Hanoi has set a target to develop nearly 4.7 million square meters of apartment for low-income people, and more than 567.2 square meters for workers, by 2020. Meanwhile, HCMC is building 39 social residential projects, which include over 44,700 apartments, and is expected to complete 20,000 units by 2020. Nguyen Tran Nam, former Deputy Minister of Construction and chairman of the Vietnam Real Estate Association, said the demand for homes, especially social ones, is high in Vietnam. Under the prevailing regulations, 20% of… Read full this story
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