Ho Chi Minh City plans to develop 6.58 million sq m of social housing projects, equivalent to 93,000 units, by 2030, according to the city’s Department of Construction.
This is part of its housing development program for the 2021-2030 period, which is aimed at tackling shortcomings in housing development over recent years and meeting housing demand among residents on different income levels.
During the 2016-2020 period, the total floor space of social housing increased by 1.23 million sq m, or 14,954 units, fulfilling only 69.2 per cent of the target set for the period, according to Deputy Director of the municipal Department of Construction Huynh Thanh Khiet.
The volume of social housing failed to meet the target, he said. Implementation faced many difficulties due to obstacles relating to procedures, legal issues, and preferential policies, he said.
Social housing and houses for workers meet just 5 per cent of demand among workers in the city.