Ho Chi Minh City develops social housing

To that end, the city will classify subjects to social housing, targeting revolutionary contributors, low-income earners, the poor, those near the poverty line, workers in and outside industrial and processing zones, and officials, according to Tran Vinh Tuyen, Vice Chairman of the municipal People’s Committee.

The houses will be built in different areas to serve different purposes and sold at prices ranging from VND300 million (US$13,200) to about VND1 billion (US$44,000), he said. 

At the same time, the locality will adjust the State budget for social housing, accelerate administrative reform to make it easier for relevant investment procedures, and publicise the list of eligible social housing projects. 

The national housing development strategy targets 12.5 million sq.m of social and affordable housing by 2020.