The Investor to hold seminar 'Investing in social housing development: New context, new opportunities' today afternoon
The Investor will hold a seminar in Hanoi today afternoon on investment opportunities in social housing development in new contexts.
The event will take place in the context of the National Assembly, the country's legislative body, considering passing a resolution with many breakthrough mechanisms for investment in social housing.
The mechanisms include simplifying administrative procedures, allowing investors to decide on selling prices, expanding the scope of policy beneficiaries, and establishing a National Housing Fund.
An illustration of the CT3 Kim Chung social housing project in Dong Anh district, Hanoi. Photo courtesy of Handico.
The draft resolution, submitted by the Government, is set for National Assembly approval at its ongoing session.
The seminar will bring together representatives from National Assembly committees, ministries, other relevant state agencies, economic experts, corporate leaders, and commercial banks.
Developing social housing is a major policy of the Party and State to meet the housing needs of low-income people, while contributing to increasing investment and consumption, ensuring social security, progress and social equity.
The Prime Minister's Decision 388/QD-TTg dated April 3, 2023 approved the Project "Investing to build at least 1 million social housing apartments for low-income people and industrial park workers in the period of 2021-2030".
However, according to Ministry of Construction data, from 2021 to now, the whole country has only had 657 social housing projects implemented. The number of entirely new apartments only reached 15.6% of the target by 2025.
The Government has also allocated a package of VND120 trillion ($4.63 billion) to support social housing policies, but the disbursement is still very slow.
The proposed resolution is expected to introduce breakthrough solutions to address existing bottlenecks and obstacles in the social housing sector, including simplifying administrative procedures, allowing investors to decide on selling prices, expanding the scope of policy beneficiaries, and establishing a National Housing Fund.
The seminar aims to gather feedback on the resolution and suggest social resources for social housing investment.
The seminar, named "Investing in social housing development: New context, new opportunities", will start 1:30 p.m. today afternoon (May 27) at Dolce By Wyndham Hanoi Golden Lake Hotel in Giang Vo ward, Ba Dinh district, Hanoi.
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