HCM City (VNS/VNA) - HCM City has asurplus of houses for relocated residents, but severely lacks social housing.
Tran Vinh Tuyen, Vice Chairman of the municipal People’s Committee, said thecity has a surplus of 7,000 houses in urban areas and resettlement areas indistricts 2, 7 and Binh Chanh for people who need to be relocated.
The city is planning to put them up for auction and use the money for purposessuch as infrastructure investment.
Many resettlement apartments in the city have been left unused for manyreasons.
Some of the apartments are in poor condition. People who were relocated cannotfind jobs in the new areas, and some people preferred to take compensation overbeing moved to a resettlement apartment.
From 2011 to 2020, it is estimated that around 134,000 social apartments wouldbe needed, according to the Department of Construction.
About 81,000 households and individuals (between 2016 and 2020) were estimatedto be in need of social housing, according to the HCM City Institute forDevelopment.
The department said the city has built nearly 8,000 social housing apartments,and 11 buildings are under construction, which are expected to provide almost10,200 apartments.
Several social housing projects such as HoangQuan Project are lagging behind schedule and cannot deliver the apartments on timeto customers who have bought them.
Inlate 2018, the city approved a decision to dedicate more than 60,000sq.m ofland at several districts to build social housing. The construction departmentis asking for permission to put them up for auction to attract investors.
However, many real estate businesses said they were not interested in socialhousing, as 20 percent of the apartments for rent and 60 percent for sale musthave their prices approved by the State, and investors can only freely operatethe remaining 20 percent.
The expected profit rate of a project would be no more than 10 percent.
The department has suggested that the city ask the Government to arrangelow-interest loans from the Vietnam Bank for Social Policies for investors andapartment buyers.-VNS/VNA
Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Construction to pay attention to the development of social housing projects and homes for low-income earners while enhancing urban management and creating favourable conditions for construction businesses.
The Vietnam Bank for Social Policies (VBSP) has submitted proposals to the Prime Minister on the interest rates for preferential loans to rent and buy social housing or build, upgrade, and repair houses in 2019, with the suggested annual rate of 4.8 percent.
The Ho Chi Minh City Real Estate Association (HoRea) has recommended that the municipal People’s Committee should be more selective about giving licences to high-rise buildings.
The Ministry of Construction, in coordination with the Korea Land and Housing Corporation held a seminar in Hanoi on February 21 to discuss the building of general social housing policies in Vietnam for the 2021-2030 period.
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The festival highlighted the contributions and robust development of Vietnam's revolutionary press over the past century while promoting press products and showcasing the creativity of Vietnamese journalists.
The programme on sustainable poverty reduction has achieved its annual targets for reducing the poverty rate as assigned by the National Assembly and the Government. It has fulfilled five specific objectives and five five-year goals, and met nine out of 12 indicators related to addressing basic social service shortages.
UNICEF stands ready to support the Government in implementing this important law and in continuing to invest in teachers as the cornerstone of a resilient, inclusive, and high-quality education system for all children.
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Vietnamese Consul General in Fukuoka Vu Chi Mai highlighted the growing demand for Vietnamese workers in Kyushu, especially in Fukuoka, Oita, and Saga prefectures. Currently, the region employs about 35,000 Vietnamese manual workers and over 5,000 IT engineers.
In Vietnam’s case, she said, President Ho Chi Minh demonstrated his strategic vision by founding the revolutionary press a century ago. The late leader understood the press's role not only as a means to reflect the country’s realities but also as a powerful tool to strengthen national unity and inspire the resistance wars and national construction process.
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Today, the press for foreign service has evolved into a distinct, irreplaceable force, bridging Vietnam with the world and portraying a nation that is stable, peace-loving, and fully integrated into the international community.
At a review conference held on June 21, Deputy Minister of Construction Nguyen Van Sinh praised the province’s scientific, coordinated, and flexible approach. He noted that the early completion reflects the strong commitment of local authorities, the business community, philanthropists, and residents in improving housing conditions for disadvantaged groups.
The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
In the context where AI dominates and produces vast volumes of content, the only sustainable path forward for journalism is to focus on high-quality content and core values. Journalism must redefine its mission - not to report the fastest, but to provide the most profound and trustworthy value.
Granma and the VNA have great potential for cooperation, especially in sharing content regularly, so that VNA products are published on Granma platforms and vice versa, thereby helping Cuban and Vietnamese people access true information and gain a deep understanding of each other's country and people.
During his stay in China’s Guangzhou city from 1924 to 1927 to prepare for the establishment of a Communist Party to lead Vietnam’s revolution, President Ho Chi Minh founded “Thanh nien” newspaper and released its first issue on June 21, 1925.
Vietnam and Cambodia are hoped to strengthen their robust collaboration across various sectors, particularly in resolving remaining border issues to transform the border area into a zone of peace, friendship, cooperation, and development.
The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
Since President Ho Chi Minh founded Thanh Nien (Young People) newspaper in 1925, the Vietnamese revolutionary press has become the voice of the people. During the resistance war against the colonialists, journalists took great personal risks to inspire patriotism and the will of rising up against foreign invaders.
The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
Illustrative image (Photo: VNA) 
