Sun Jade Vietnam Footwear gets construction underway on housing at Le Mon IP in Thanh Hoa province.
The Sun Jade Vietnam Footwear Co., under Taiwan’s Hongfu Group, kicked off construction of a social housing project for workers at the Le Mon Industrial Park (IP) in northern Thanh Hoa province’s Thanh Hoa city on September 10.
With investment of VND1.5 trillion ($66.7 million) the project covers an area of 66,900 sq m and includes eight nine-storey buildings with a total of more than 1,200 apartments.
This is the first social housing project for workers developed by a foreign employer in the province, according to Chairman of the Thanh Hoa Provincial People’s Committee Nguyen Dinh Xung.
More than 22,000 workers are employed at Le Mon IP, over half of which have demand for housing as they are renting cramped houses in residential areas with poor hygiene and security, Mr. Xung was quoted as saying at the breaking ground ceremony.
The project is expected to be completed by 2019 and will house 5,000 people.
Sun Jade Vietnam has a total of eleven garment factories with total investment of VND1.28 trillion ($57.2 million) in Thanh Hoa. It is also the largest foreign employer in the province, with 11,000 workers.