The Department of Construction of Hai Phong city in northern Vietnam is seeking investors for a social housing project in Tan Truong Industrial Park with an estimated investment capital of nearly VND1.43 trillion ($54.3 million).

Under the plan, investors must contribute at least 30% of the total capital, with the remainder mobilized from other sources.

The project will span nearly 30,000 square meters, including 5,300 sq.m for social housing and 4,900 sq.m for commercial housing.

The development will consist of four 20-storey buildings, providing 1,388 social housing units ranging from 25 to 70 sq.m.

Once completed, the project is expected to help meet rising housing demand among low-income earners and workers in the city’s industrial zones.