Nearly VND300 billion ($14.3 million) to be lent to seven social housing projects next year.
The Ministry of Construction (MoC) has proposed the State Bank of Vietnam provide investment capital support to seven social housing projects building more than 2,700 apartments from 2015 to 2017.
The project to receive the largest amount of capital is the social housing project in Cang Ca Tac Cau, in Chau Thanh district in the Mekong Delta’s Kien Giang province, invested by the Nghi Xuan Construction, Commerce, and Tourism Co. Planned for completion by 2017, the project is on 7.5ha with total investment of VND465 billion ($24.47 million). MoC has proposed it receive a loan of VND100 billion ($4.7 million).
The second-largest is a housing project for workers at the Giao Long Industrial Park, invested by the Ben Tre Building and House Trading Co. and the ATC Co. The project is to receive a loan of VND50 billion ($2.35 million), and is planned to be completed in 2016 with total investment capital of VND146 billion ($69.4 million).
A social housing project Khai Quang ward, Vinh Phuc province, with total investment capital of VND432 billion ($30.8 million), is to be loaned VND50 billion ($2.35 million). On 4.4ha, the project will build 745 apartments for workers and low-income earners.
MoC also suggested VND30 billion ($1.69 million) be lent to the social housing project of the Asia Private Enterprise. The project, with total investment capital of VND114 billion ($5.35 million), will provide 252 apartments in 2016. Three remaining projects are to receive loans from VND15 billion ($750,000) to VND25 billion ($1.8 million).
Social housing is a priority for many cities and provinces around the country next year, in order to deal with the housing issues for workers and low-income earners. The Hanoi People’s Committee has approved a housing development plan for 2015-2020, in which it plans to build 12 social housing projects next year.