VN to build 10 million sqm of social housing by 2015

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It is part of the Prime Minister’s Decision 2127/QĐ-TTg dated on November 30 this year to ratify the National Housing Development Strategy to 2020 with vision to 2030.

Additionally, the country will focus on building accommodations to meet the accommodation demand of 60% of students in universities, colleges, professional schools and vocational centers and 50% workers in industrial zones, finishing to fund 400,000 households (according to new poverty criteria) in rural areas to improve housing by 2015.

The ratio of solid housing in the country is expected to reach 62%, that of condos in housing projects in Hà Nội and Hồ Chí Minh City will gain over 80%, that of urban areas Grade I and II is targeted to achieve over 50%, urban areas Grade III at 30% and the national housing area is estimated at 22 square meters per person.

By 2020, the average housing area is strategized at 25 square meters per person while the minimum housing area is 8 square meters per person. The figures are expected to increase to 30 square meters/person and 12 square meters/person in ten years later.

By Hải Minh