Society

Hanoi has set a target of developing 44 million sq m of housing, with capital of VND437 trillion ($19 billion) required. The per capita housing area is to be 29.5 sq m in the 2021-2025 period.

A range of social housing projects have been planned by localities and are calling for investment, especially in cities and provinces with many industrial parks. Three localities - Ho Chi Minh City, southern Binh Duong province, and the Mekong Delta’s Long An province - have projects to build a million social housing properties.

As of November 29, the social insurance agency had provided support from the Unemployment Insurance Fund to more than 12.3 million workers, with a total amount of more than $28 trillion ($1.23 billion).

The number of workers entitled to unemployment insurance in Hanoi stood at around 60,000 in the first eleven months of the year, down 20 per cent year-on-year. According to the Hanoi Employment Service Center, the reason for the steep decline is that businesses have policies to retain their employees and ensure production and business continue. The stability of businesses in the informal sector is also improving.

The government has issued a plan to implement a number of social policies. A healthy, synchronous, modern, integrated, and competitive labor market is to be developed, with a focus on training, re-training, and advanced training for human resources associated with career change and economic restructuring.

Labor shortages will increase during the first and second quarters of 2022 as businesses resume operations. It is expected that recruitment will total around 700,000 positions next year. The Ministry of Labor, Invalids and Social Affairs is drafting a program to restore and develop the labor market, with seven major solutions.