Thousands of apartments in Ho Chi Minh City under state management have been left deserted for years. After many years, these apartments deteriorated, wasting thousands of billions of Vietnamese dong.
The relationship between population and housing is two-sided. Population growth leads to rising demand for housing in Vietnam. According to the Ministry of Construction, the proportion of the urban population is at more than 40 percent and tends to increase to about 45 percent by 2030; therefore, the country must add about 70 million square meters of housing each year.
Minister of Construction Nguyen Thanh Nghi has just submitted to the Government an investment project to build one million social houses for low-income people and workers in industrial parks and export processing zones in the 2021-2030 period. For the feasibility of this plan, many solutions are needed.
HCMC will continue to strengthen monitoring and completing procedures for housing development, especially social housing projects for low-income people.
Although civil servants, enterprises and people from all walks of life have demonstrated a determination of social-economic development, the city is facing big challenges including existing and newly rising problems that require drastic solutions to accelerate development.
The State Bank of Vietnam (SBV) has proposed that commercial banks not be allowed to provide preferential loans to low-income people seeking to purchase, lease and lease-purchase social houses.
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.
The Ca Mau Province in the southern tip of Vietnam is facing an affordable houses crisis for low-income people while many urban districts in the province are uninhabited.
