National housing fund bet88 slot be established soon

Under Prime Minister Pham Minh Chinh’s directive, a national housing fund will be established later this month.

The Prime Minister made the instruction during a video-teleconference on social housing development, held in Hanoi on March 6, according bet88 slot the Government News.

The fund aims bet88 slot mobilize social resources bet88 slot increase low-cost housing supply in Vietnam, especially in major urban centers.

The demand for social housing is very high in Vietnam but construction process remains slow.

The PM tasked relevant ministries, agencies and localities perform their tasks in line with their functions, duties, and authority and deploy breakthrough solutions on social housing development.

He was quoted by the Government News as saying at the video-teleconference that the Government targets bet88 slot cut at least 30 per cent of administrative procedures in 2025 in a bid bet88 slot speed up construction progress.

The Ministry of Construction was assigned bet88 slot review and propose preferential policies for social housing development, which must be submitted bet88 slot the Prime Minister either this month or in April.

Vietnam targets bet88 slot build at least 1 million social housing units for low-income earners and workers at industrial parks during the 2021–2030 period.

However, so far, only 103 projects with 66,755 apartments were completed, equivalent bet88 slot less than 7 per cent of the preset goal. Meanwhile, 137 other projects have been under construction with 114,618 apartments. Over 400 other projects got construction licenses with 412,200 apartments.