The People's Committee of Dien Bien province has just decided to approve and assign VCN Investment Joint Stock Company (headquartered in Khanh Hoa province) as the investor, directly implementing the social housing project (belonging to the new urban residential area project north of Hoang Van Thai - Khe Chin road, Muong Thanh ward).
This is the first social housing project implemented in Dien Bien province. The project has an area of nearly 6,500m2 on the land fund for social housing construction, belonging to the New Urban Residential Area project North of Hoang Van Thai - Khe Chinh road.
Social housing products will be individual houses with a maximum land area for housing construction of 70m2 and a maximum floor area for housing construction of 140m2/unit.
The total investment capital of the project is more than 69.58 billion VND. Of which, the investor's contributed capital is nearly 14 billion VND, and more than 55.6 billion VND will be mobilized from credit institutions.
The progress of implementing the main goals of the project will be completed in the period of 2025-2027. Accordingly, investment preparation procedures will be completed from the third quarter of 2025 to the fourth quarter of 2025. Construction will begin, complete and put into operation from the first quarter of 2026 to the first quarter of 2027. The project's operation period is 50 years.
According to the reporter's research, this is one of 12 land plots that Dien Bien province included in the planning for social housing construction.
The completion of the project will contribute to creating a housing fund, meeting the housing needs of beneficiaries of social housing policies. The project is also expected to promote sustainable socio-economic development for Dien Bien province.
The People's Committee of Dien Bien province also directed the Department of Construction to be responsible for presiding over and coordinating with relevant units to monitor, urge and supervise the investor throughout the project implementation process. At the same time, receive, handle and remove all arising difficulties and problems.
VCN Investment Joint Stock Company is required to proactively coordinate with relevant departments and agencies to complete procedures and records to ensure compliance with legal regulations.
Concentrate resources, deploy construction and complete the project in accordance with approved contents and ensure progress.
According to Lao Dong's research, Dien Bien province has planned 12 prime locations with a total area of nearly 30 hectares to build nearly 4,000 social housing units.
However, attracting investors to build and develop social housing in the province is still facing many difficulties.
In particular, it is necessary to identify, classify, and concretize each type of social housing differently, and forecast new demand. At the same time, develop a plan for social housing land funds in the locality, and first renovate the surplus headquarters to convert them to houses and public housing when organizing the two-level government.
