The entire political system takes action
According to the Department of Construction of Hai Phong City, the Project "Investing in the construction of at least 1 million social housing apartments (NOXH) for low-income people and industrial park workers in the period of 2021-2030", the Prime Minister assigned the target for Hai Phong to complete the construction of 33,500 apartments, of which: In the period of 2021-2025, 15,400 apartments will be completed, and 18,100 apartments will be completed in the period of 2026-2030.
With the determination to complete more than the target of 33,500 social housing units and complete before 2030, ahead of the plan assigned by the Prime Minister, Hai Phong has proactively linked social housing investment with the socio-economic development plan and considered this one of the key tasks of the Party Committee and the city government.
The City Party Committee has issued a separate Resolution No. 09 dated November 13, 2023 on the development of social housing in the city until 2030, in which the city has proposed specific and key solutions to implement the development of social housing.
The Resolution also clearly states the viewpoint of the city's social housing development must achieve 3 Goods: Good location - Good quality - Good price. Therefore, projects being implemented and expected to be implemented are located in urban centers or attached to large industrial parks.
Completing the Government's assigned level
According to Mr. Nguyen Thanh Hung - Director of the Department of Construction of Hai Phong City, by proactively implementing social housing projects in the city, up to now, Hai Phong is the leading locality in the country in social housing construction.
Results, Phase 2021-2024: Hai Phong City has 7,900 completed social housing units of 10 projects. In 2025, there are 8 projects under construction, expected to be completed in 2025 with about 11,200 apartments. Thus, it is expected that by the end of 2025, Hai Phong will complete 19,100 units, complete and exceed the target of 15,400 social housing units for the period 2021-2025 assigned by the Government to Hai Phong. In the period of 2026 - 2030, the city has 19 projects with a scale of about 20,000 apartments that have investment policies, investors, and are completing procedures to start construction.
In 2025, it is expected to start construction of 5 more projects with about 6,000 apartments. From now on, Hai Phong has planned about 40 locations expected to develop social housing with a scale of about 500 hectares. Strive to complete the entire project's target of 33,500 apartments by 2030.
Regarding the implementation of the VND120,000 billion credit program, according to the Hai Phong City Department of Construction, in 2023, implementing Document No. 1551 dated April 20, 2023 of the Ministry of Construction, the city announced 5 social housing projects eligible for loans with a total loan demand of VND6,780 billion. By the end of January 2025, outstanding credit reached 153.65 billion VND.
Director of the Department of Construction Nguyen Thanh Hung said that the city has achieved positive results in developing social housing thanks to specific solutions, including: arranging land funds in accordance with regulations; ensuring the reservation of 20% of land funds in housing projects and urban areas for social housing; urging investors to implement construction on schedule and calling on credit institutions to mobilize more capital in addition to the Government's support package to support investors with preferential interest rates.
However, according to Mr. Hung, according to the provisions of Decree 100/2024/ND-CP, the interest rate for lending from the entrusted capital from the local budget for annual support through the Social Policy Bank is equal to the lending interest rate for poor households (currently 6.6%/year). The above interest rates are quite high, making it difficult for people to access.
"Hai Phong City recommends that the Ministry of Construction report to the Government to direct the State Bank to advise on solutions to reduce interest rates and simplify loan applications to facilitate people and investors' easy access to preferential loan packages" - Mr. Hung said.
