Nguyễn Văn Sinh, Deputy Minister of Construction. — Photo nld.com.vn Nguyễn Văn Sinh, Deputy Minister of Construction, talks to the newspaper Thời báo Kinh Tế Việt Nam (Việt Nam Economic Times) on Việt Nam’s goal to invest in the construction of 12.5 million square metres of housing floor space from 2016-2020 Do you have any comments on the social housing development programme in Việt Nam? Every citizen has the right to have a legal residence, this is written in the Vietnamese Constitution. Over the years, the Vietnamese Government has employed many policies and launched a lot of special housing programmes for the poor, particularly those who live in urban areas or workers in industrial zones. Notably, on November 30, 2011, the government ratified a Strategy on Housing Development for People. The strategy defined two types of housing – commercial housing and social housing, of which the social housing programme is for poor people, people with low incomes, Government staff, people in the armed forces, workers, students and others. The Government has set aside a credit package of VNĐ30 trillion (US$1.3 billion) with preferential interest rates for enterprises engaged in building social housing projects and people wanting to either buy or rent apartments in these projects…. Read full this story
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