The events are part of a project on the building of a master policy on Vietnam's social housing development for the 2021-30 period, which is carried out using non-refundable official development assistance (ODA) from the RoK government via the Korea International Cooperation Agency (KOICA), said Deputy Director General of the MoC’s Housing and Real Estate Market Management Bureau (HREM) Ha Quang Hung.

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A social housing project in Vietnam

The project strives to devise and complete legal documents on the field, particularly in Vietnam’s current policies, survey the need of those who are eligible for social housing, provide training for staff in charge of building social housing policies for 2021-30, and revise the housing law 2014.

KOICA experts will replicate ideas from different pilot programs and apply successful ideas in Vietnam’s specific conditions. Analysis, evaluation and recommendations will be provided for the MoC to fine tune mechanisms and policies in a bid to integrate advanced social housing development approaches in the world into Vietnam’s social housing programs.

Statistics of the HREM showed that 249 social housing projects for low-income earners in urban areas and workers at industrial parks have been finished so far, with more than 104,200 apartments spanning about 5.4 million sq.m.

Meanwhile, 264 projects housing some 219,000 apartments are underway. However, the result is still far behind the target set by the national housing development strategy of 12.5 million sq.m of social housing by 2020.

Source: VNA