VND3.5 trillion disbursed to build dormitories

Dormitory of Vietnam National University in Ho Chi Minh City
Dormitory of Vietnam National University in Ho Chi Minh City
According to the Ministry of Construction, the total investment for student housing projects will reach VND3.88 trillion by the end of June.

VND3.54 trillion has already been disbursed, accounting for 64 percent of the total capital apportioned for the period of 2009-2010.

Last year, the government allocated VND3.5 trillion from debenture bonds for 94 projects in 28 cities and provinces. There are 92 projects underway with most of them progressing as scheduled.

However, the progress of some projects in Hanoi and Ho Chi Minh cities has been delayed due to difficulties with site clearance.

This year, the government allocated VND2 trillion for student housing projects while more than VND2.5 trillion are needed to meet the demand.

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