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Dong Nai plans 10,000 social housing units to aid low-income residents
๐Ÿ‡ป๐Ÿ‡ณ Vietnam /Economy & Trade

Dong Nai plans 10,000 social housing units to aid low-income residents

From Tuแป•i Trแบป · () Vietnamese

Translated from Vietnamese, summarized and contextualized by DistantNews.

At a glance

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  • Dong Nai province in Vietnam is preparing land and incentives to encourage businesses to invest in social housing projects.
  • The province aims to build approximately 10,000 social rental housing units in areas with large industrial zones.
  • The local government is also finalizing support policies and collaborating with a social policy bank to assess housing loan needs for residents and workers.

Dong Nai province is actively preparing land and offering preferential policies to attract businesses for social housing development, aiming to provide more housing opportunities for low-income individuals. The provincial government plans to allocate land for approximately 10,000 social rental housing units across its major industrial zones, including Long Thanh, Nhon Trach, and Trang Bom.

According to the Department of Construction, in addition to ongoing projects, the city is developing 44 other social housing projects, totaling around 48,352 units. These projects encompass various forms of housing, including rental, sale, and rent-to-own options, with 1,664 units already available for rent. Many projects are currently under construction in areas with high concentrations of workers to meet housing demands, offering diverse unit sizes and price points.

The provincial administration is providing a 20% subsidy on infrastructure investment costs to developers, aiming to reduce the selling or rental prices of social housing. A pioneering 10,000-unit social rental housing project in Long Binh ward, designed to be completed within two years, has already broken ground. The government is also refining additional support policies to further incentivize business participation.

Furthermore, the Dong Nai Branch of the Social Policy Bank is working with relevant departments and local authorities to survey the demand for social housing loans among citizens and workers. This initiative aims to ensure that eligible individuals can access affordable housing, enabling them to stabilize their lives and commit to long-term residency in the area. The process for accessing social housing is designed to be transparent and targeted, ensuring fair opportunities for workers.

Viแป‡c tiแบฟp cแบญn nhร  แปŸ xรฃ hแป™i ฤ‘ฦฐแปฃc thแปฑc hiแป‡n cรดng khai, minh bแบกch, ฤ‘รบng ฤ‘แป‘i tฦฐแปฃng, giรบp ngฦฐแปi lao ฤ‘แป™ng cรณ cฦก hแป™i tiแบฟp cแบญn chแป— แปŸ vแป›i chi phรญ phรน hแปฃp, tแปซng bฦฐแป›c แป•n ฤ‘แป‹nh cuแป™c sแป‘ng vร  gแบฏn bรณ lรขu dร i vแป›i ฤ‘แป‹a phฦฐฦกng

โ€” Leader of the People's Committee of Dong Nai CityDescribing the goals and process for accessing social housing.
DistantNews Editorial

Originally published by Tuแป•i Trแบป in Vietnamese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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