Minister of Construction Nguyen Thanh Nghi addresses the project's ground-breaking ceremony in Ha Nam province. (Photo: VNA)
Ha Nam (VNA) - The Housing and Urban Development Corporation hasbegun construction of a social housing project in the northern province of HaNam.
Spanning 4.9ha in Duy Tien town, the project comprises four blocks with 564apartments and some low-rise houses. The project's apartments will cost atleast 380 million VND (around 16,300 USD) each.
During the project's ground-breaking ceremony last week, Minister of ConstructionNguyen Thanh Nghi said the State has always paid attention to developingaffordable housing projects in order to address the housing needs of the socialassistance beneficiaries and low-income earners.
Chairman of the provincial People's Committee Truong Quoc Huy said the projectwill better meet the needs for affordable apartments of employees working inDuy Tien town and Ha Nam province as well.
The country needed an estimated 220 trillion VND (9.6 billion USD) to buildabout 294,600 units of social housing for low-income earners in urban areas andindustrial parks in the 2021-25 period, according to the Ministry ofConstruction.
Notably, low-income people in urban areas needs about 131,100 units with atotal investment of about 138 trillion VND.
There are 266 social housing projects with more than 142,000 units across thecountry, totalling more than 7.1 million sq.m. Another 278 projects with274,000 units and a total area of 13.8 million sq.m are under development./.
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Minister of Construction Nguyen Thanh Nghi addresses the project's ground-breaking ceremony in Ha Nam province. (Photo: VNA) 
