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Vietnam Prioritizes Investment in Worker Housing and Rental Options
๐Ÿ‡ป๐Ÿ‡ณ Vietnam /Economy & Trade

Vietnam Prioritizes Investment in Worker Housing and Rental Options

From Tuแป•i Trแบป · () Vietnamese

Translated from Vietnamese, summarized and contextualized by DistantNews.

At a glance

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  • Vietnamese workers are calling for greater investment in social housing and infrastructure, according to union officials.
  • There is a push to create favorable conditions for workers to access and purchase social housing, preventing speculation and price gouging.
  • Real estate experts emphasize the importance of rental housing, particularly apartments, in major urban and industrial areas to meet workers' needs.

Labor union officials in Vietnam are advocating for increased investment in social housing and essential infrastructure to support workers. At the 14th National Congress of Trade Unions, Ngแป Duy Hiแปƒu, Vice Chairman of the Vietnam General Confederation of Labor, stated that union members and workers desire more attention to social infrastructure development, including housing.

Union members and workers want to be cared for and invested in for social infrastructure development, housing...

โ€” Ngแป Duy HiแปƒuStating the demands of workers regarding housing and infrastructure.

Hiแปƒu emphasized the need to develop social housing for rent, integrated with smart urban planning and essential services. He stressed that these housing projects should be prioritized within or near industrial parks, economic zones, and export processing zones. The goal is to ensure workers have convenient access to affordable housing.

It is necessary to develop social housing for rent, linked with smart urban planning and essential services, prioritizing locations within or near industrial parks, economic zones, and export processing zones.

โ€” Ngแป Duy HiแปƒuOutlining the ideal development strategy for social housing.

Furthermore, there is a strong call to create the most favorable conditions for workers who genuinely need it to access and purchase social housing at listed prices. This initiative aims to combat speculation, price inflation, and unfair resale practices. Notably, workers are seeking preferential, long-term credit packages for renting or rent-to-own social housing options.

It is necessary to create the most favorable conditions for workers with real needs to access and purchase social housing at the listed price; prevent speculation, price gouging, and resale at a profit.

โ€” Ngแป Duy HiแปƒuAddressing the need to regulate the social housing market.

Nguyแป…n Kim Loan, Vice Chairwoman of the Ho Chi Minh City Trade Union, shared that the city's trade union has actively signed strategic cooperation agreements with businesses to build rental and rent-to-own housing for workers. Nguyแป…n Thแบฟ ฤiแป‡p, a member of the Vietnam Real Estate Association, highlighted that social and low-income housing is crucial for laborers and those unable to afford commercial housing. He echoed recent directives emphasizing the priority of rental housing, especially apartment complexes, in major cities and industrial zones to meet the practical needs of the workforce.

Social housing and low-income housing are extremely important for workers or those who do not qualify for commercial housing to have a place to live.

โ€” Nguyแป…n Thแบฟ ฤiแป‡pEmphasizing the significance of affordable housing options.
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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