A view of the five-story affordable housing buildings for workers in Binh Duong province (Photo: vietnammoi.vn)Hanoi (VNS/VNA) - Some 50,000 apartments will soon be availablefor Vietnamese workers at industrial clusters at a starting price of 150million VND (6,400 USD) apiece, according to the Vietnam General Confederationof Labour (VGCL).
This was part of efforts to cater to workers with housing and other much-neededsocial infrastructures in industrial clusters across Vietnam, provided for in aGovernment-approved project ‘Investment into construction of workers’ inindustrial and manufacturing zones.
There are currently 334 industrial parks and manufacturing zones nationwide,employing about 2.7 million workers. However, according to a survey by VGCL in2016, at least 1.2 million workers need a stable home and 1.4 million wantsupermarkets, kindergartens or recreation centres close to work.
A year after the project was approved, the VGCL has identified 20 viable areasin 20 provinces and cities, with each land plot averaging at 35ha and all landclearance costs to be borne by local governments.
The VCGL said it is working with the remaining 30 provinces and cities tosecure land soon.
For 2018-23, with 11 trillion VND (471.8 million USD), VGCL intends to finishthe construction of least 50 workers’ complexes – each comprising of 1,000apartment units (30-45sq.m each) and facilities, including green spaces,500-seat cultural centres, central squares, kindergartens, malls, pharmaciesand other services.
Proper living spaces help ensure public order and stimulate production andconsumption in the locality, as well as reduce entice workers to stay in theirjobs.
Tran Van Khai, head of the project’s managementboard, said the labour federation is also making arrangements with four Statebanks, where workers can get loans to buy apartments with interest rates as lowas 7-7.5 percent for a 20-year period.
It is estimated a worker could pay full price of a 150 million VND apartment in7-8 years if they pay 1.5-1.8 million VND a month.
The labour confederation representative also promised that purchase procedureswould not be much of a hassle, with information easily accessible for workers.
The confederation said it would also work with local governments to stopprofiteering, given how the project apartment’s prices are “just one third” ofthe market average.
Binh Duong province, the northern neighbour of Ho Chi Minh City and home to arobust manufacturing industry, was one of the pioneering localities in buildinglow-cost living spaces for workers arriving in the province from across thecountry.
Ample urban land and tax cuts and other incentives for affordable housinginvestors are prime reasons that help drive down the costs of mass-producedapartments with total floor area of 30s.q in Binh Duong.
Many have expressed concerns that despite the policies and politicalcommitment, affordable apartments would fail to attract workers withoutcarefully studied planning, evidenced by some of housing projects for studentsand workers in Hanoi.-VNS/VNA
This was part of efforts to cater to workers with housing and other much-neededsocial infrastructures in industrial clusters across Vietnam, provided for in aGovernment-approved project ‘Investment into construction of workers’ inindustrial and manufacturing zones.
There are currently 334 industrial parks and manufacturing zones nationwide,employing about 2.7 million workers. However, according to a survey by VGCL in2016, at least 1.2 million workers need a stable home and 1.4 million wantsupermarkets, kindergartens or recreation centres close to work.
A year after the project was approved, the VGCL has identified 20 viable areasin 20 provinces and cities, with each land plot averaging at 35ha and all landclearance costs to be borne by local governments.
The VCGL said it is working with the remaining 30 provinces and cities tosecure land soon.
For 2018-23, with 11 trillion VND (471.8 million USD), VGCL intends to finishthe construction of least 50 workers’ complexes – each comprising of 1,000apartment units (30-45sq.m each) and facilities, including green spaces,500-seat cultural centres, central squares, kindergartens, malls, pharmaciesand other services.
Proper living spaces help ensure public order and stimulate production andconsumption in the locality, as well as reduce entice workers to stay in theirjobs.
Tran Van Khai, head of the project’s managementboard, said the labour federation is also making arrangements with four Statebanks, where workers can get loans to buy apartments with interest rates as lowas 7-7.5 percent for a 20-year period.
It is estimated a worker could pay full price of a 150 million VND apartment in7-8 years if they pay 1.5-1.8 million VND a month.
The labour confederation representative also promised that purchase procedureswould not be much of a hassle, with information easily accessible for workers.
The confederation said it would also work with local governments to stopprofiteering, given how the project apartment’s prices are “just one third” ofthe market average.
Binh Duong province, the northern neighbour of Ho Chi Minh City and home to arobust manufacturing industry, was one of the pioneering localities in buildinglow-cost living spaces for workers arriving in the province from across thecountry.
Ample urban land and tax cuts and other incentives for affordable housinginvestors are prime reasons that help drive down the costs of mass-producedapartments with total floor area of 30s.q in Binh Duong.
Many have expressed concerns that despite the policies and politicalcommitment, affordable apartments would fail to attract workers withoutcarefully studied planning, evidenced by some of housing projects for studentsand workers in Hanoi.-VNS/VNA
VNA
