VIETNAM, April 25 –

The inauguration ceremony of the project took place in Hà Nam last week. — VNA/VNS Photo Đại Nghĩa

HÀ NAM — The Housing and Urban Development Corporation has begun construction of a social housing project in the northern province of Hà Nam.

Extending over 4.9 ha in the city of Duy Tiên, the project comprises four blocks with 564 apartments and a few low houses. The project apartments will cost at least 380 million VNĐ (about 16,300 USD) each.

During the inauguration ceremony of the project last week, Minister of Construction Nguyễn Thanh Nghị said that the state has always paid attention to the development of affordable housing projects to meet the housing needs of beneficiaries of the social assistance and low-income people.

Provincial People’s Committee Chairman Trương Quốc Huy said the project will better meet the affordable apartment needs of employees working in Duy Tiến city and Hà Nam province.

According to the Ministry of Construction, the country needed about VNĐ220 trillion ($9.6 billion) to build about 294,600 social housing units for low-income people in urban areas and industrial parks during the period 2021-25.

Notably, low-income people in urban areas need about 131,100 units with a total investment of about 138 trillion NV.

There are 266 social housing projects with over 142,000 units across the country, totaling over 7.1 million m². Another 278 projects with 274,000 units and a total area of ​​13.8 million m² are under development. —VNS