The Vietnamese prime minister has approved a national
housing development strategy up to 2020 with a vision to 2030, with a specific
aim to construct 10 million square meters of housing for low-income earners in
the next four years.
Apartment buildings should be
the most popular type of housing projects, accounting for over 80 percent of
the total new housing units to be developed in Hanoi and HCM City, while the
percentage would be 50 percent in first and second-grade cities and 30 percent
in third-grade cities.
The housing strategy also sets
a goal to build 12.5 million square meters of social housing in the 2016-2020
period, raising the minimum housing area to 25 square meters per capita
nationwide, and 29 square meters in urban areas. It is expected that the
national figure would surge to 30 square meters per capita by 2030.
To achieve such a goal, the
government has established the Central Steering Committee for Housing Policy
and Real Estate Market involving six ministries including the Ministry of
Construction, the Ministry of Planning and Investment, the Ministry of Finance,
and the Ministry of Labour, War Invalids and Social Affairs.
In addition, the investment
procedures would be simplified to encourage investors to join apartment
projects under the form of build-transfer (BT) and public-private partnerships
(PPP).
Along with the land fund and
tax policy, the national housing development strategy would pool capital from
the State budget, government bonds, official development assistance (ODA) and
other sources to achieve its target.
Saigon Times
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