Deputy PM orders breakthroughs in social housing development
Deputy Prime Minister Trinh Dinh Dung has ordered the construction sector to make significant breakthroughs in the development of the affordable housing segment as its supply is increasingly scarce, while the demand for such housing is on the rise.
Housing blocks for workers of the Samsung mobile phone factory in Thai Nguyen province (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung has ordered the constructionsector to make significant breakthroughs in the development of the affordablehousing segment as its supply is increasingly scarce, while the demand for suchhousing is on the rise.
He made the statement while attending a conference held by the Ministry ofConstruction on January 4 to implement the ministry’s tasks for 2019.
Dung asked the ministry to focus all resources on completing currentinstitutions, creating favourable investment climate, and improving the qualityof urban areas and building materials.
The ministry should join hands with competent authorities to outline rational plansto process cinder for building material production, he said, adding that it hasa huge impact on national energy security and the environment.
Touching on the management and development of urban areas, industrial parks,and economic zones, Dung said that the ministry must pay due attention toreducing population density in the inner city, as well as reviewing housingdevelopment plans and mid- and long-term plans to grant investment licences.
According to Deputy Minister of Construction Le Quang Hung, the productionvalue of the sector grew 9.2 percent in 2018. More than 41 percent of the 215business conditions were trimmed, and 47.3 percent were simplified.
In 2018, the ministry completed three bills, namely the architecture law, the urbandevelopment management law, the law on amendments and supplements to severalarticles of the construction law, the housing law, the real estate business law,and the urban planning law.
Hung added that in 2018 the ministry effectively implemented measures toimprove state management in investment and administrative procedures tofacilitate conditions for both people and enterprises. –VNA
Hanoi’s property market will have more supply of social housing products for low-income people by 2020 in order to address the paucity of those products on the market combined with the over-supply of commercial houses.
The real estate market is suffering a severe shortage of affordable homes despite the segment witnessing huge demand, attendees heard at a recent conference.
Vietnam has to date completed 87 social housing projects with some 28,800 apartments for workers at industrial parks (IPs), meeting just 28 percent of the demand, according to the Ministry of Construction.
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