Vietnam strives to complete 100,000 social houses by 2025

Based on statistics reported by localities, the Ministry of Construction projects that over 100,000 social housing units will be completed nationwide in 2025.

Prime Minister Pham Minh Chinh issued an official dispatch emphasising the urgent need to address obstacles hindering the progress of social housing projects, aiming to enhance the effectiveness of social housing development and meet the growing demands of people.

Chairpersons of provincial and municipal People’s Committees were tasked with implementing the national project to build at least 1 million social housing units for low-income earners and industrial workers during the 2021–2030 period.

The Governor of the State Bank of Vietnam was required to work with relevant ministries and agencies to speed up the disbursement of the 120 trillion VND (4.7 billion USD) credit package for social housing and worker housing development.

To date, 644 social housing projects have been launched nationwide, with a total of 580,109 units. The Ministry of Construction will continue to work closely with localities to accelerate the implementation of social housing projects nationwide so as to better meet the growing housing demand of the people./.

By: VNA