The Ministry of Construction has proposed a VND 65,000 bn (1.3 billion USD) credit package to build low-cost homes for workers.
Accordingly, the package will help ensure social welfare for vulnerable people, enhance economic recovery and development, remove the difficulties plaguing enterprises and support the development of the housing and real estate market.
Although the Government has issued multiple solutions to develop affordable housing for workers, the supply of homes for workers at industrial parks have yet to meet the demand.
Across the country, there are 266 social housing projects with more than 142,000 units totalling more than 7.1 million square metres. Another 278 projects including 276,000 units with a total area of 13.8 million square metres are under development.
Cities and provinces have completed 121 social housing projects with 54,000 units for workers of industrial parks and are building 100 other projects with 134,000 units. However, since early this year, no social housing projects for workers have been completed due to the COVID-19 pandemic.
According to the ministry, policies for housing development for workers have yet to be worked out. They are included in the policies for social houses.
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