With a total area of 81ha, covering 10 wards of Hoan Kiem district,there were now more than 66,660 people living in the Old Quarter, at apopulation density of around 840 people/ha.
Poorinfrastructure and haphazard building extensions have had a negativeimpact on the living conditions of people in the area, and also affectedthe preservation work of historical and cultural architectural sites inthe Old Quarter.
In late 1998, Hanoi took a proactiverole in the project research and aimed to reduce the population densityin the Old Quarter to 500 people/ha by 2020. The plan estimated a needto relocate around 26,200 people (equivalent to 6,550 households) tomore than 40ha of land in other districts of Hanoi .
Between 2012 and 2015, around 1,800 households will be relocated to the11.12ha Viet Hung urban centre, in Long Bien district. An estimated 4.3trillion VND will be invested in this stage. The second phase of theproject will start in 2015.
Although the project receivedsupport from many residents in Hoan Kiem district, various assistanceschemes were given to households whose lives and earnings were dependenton this so-called “land of gold”, including The lower interest rates onbank loans for people to buy houses.
Hanoi ’s OldQuarter took shape early in the 15 th century, with a northern boundaryof Hang Dau, a southern boundary of Hang Bong, Hang Gai, Cau Go andHang Thung, an eastern boundary of Tran Nhat Duat and Tran Quang Khai,and a western boundary of Phung Hung.
The Old Quarterconsisted of people working in a range of handicraft trading industries,and small businesses, making it different from all other Old Quartersin the world. 121 cultural heritage and historical monuments, and over1,080 ancient houses were found in Hanoi ’s Old Quarter, attracting asignificant number of foreign visitors every year./.