The Da Nang City People's Committee in central Vietnam has officially approved the investment policy for the Hoa Phuoc social housing project, with a total investment of more than VND2 trillion ($76 million).
The project is invested by Truong Hai Trade Construction Joint Stock Company. The construction scale includes four social housing apartment blocks with approximately 1,326 units, two clusters of adjacent commercial townhouses (approximately 40 units), and a five-story commercial and service building.
According to the plan, the project components will be inspected and put into operation sequentially between 2028 and 2030.
The social housing units are designated for sale to eligible beneficiaries under housing policy regulations. Meanwhile, the commercial housing portion of the project will be managed and operated by the investor in accordance with the mechanisms stipulated in the 2023 Housing Law.
Da Nang has been tasked by the Government with a target of building 26,097 social housing units for the 2026–2030 period.
As of April 2026, the city has approved six new projects totaling 4,059 units. Of these, construction has begun on two projects (942 units), one project (568 units) has been completed, and three projects (1,477 units) have met the requirements to be put on the market.
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