Từ khóa: #affordable housing

Recently, at the annual general meeting of shareholders of Hoa Phat Group Joint Stock Company (HPG), Mr. Tran Dinh Long, Chairman of the Board of Directors, informed that HPG's daily revenue is VND500 billion. The company has 161,000 shareholders, the largest scale on the Vietnamese stock market. In 2021, HPG's post-tax profit was VND35 trillion, and tax payment was VND12.4 trillion. This is a huge profit level, leading the private sector in Vietnam.

Ho Chi Minh City authorities are seeking VND37.6 trillion (US$1.66 billion) to build affordable housing for workers over the next five years, of which State revenue will account for no more than 5 percent of the total investment, according to the Department of Construction.

During the Covid-19 pandemic, shanties and boarding houses in slums are the places where the disease is most contagious ever. If the living conditions become better, people can cope with the pandemic more effectively, minimizing loss of life.