Three Vietnamese groups launch affordable housing initiative for workers

In the first phase, the three groups committed to build around100,000 apartments in Ho Chi Minh City, with selling prices of less than 25 million VND per m2 and in Long An, Binh Duong and Dong Nai with a price of less than 20 million VND per m2. The prices may be lowered to10 million VND per m2, if the programme receives incentives from the State on land usage fees, interest rates and others.

The idea to build affordable housing was initiated by Chairman of the Board of Directors of Hung Thinh Corporation Nguyen Dinh Trung, Chairman of the Board of Directors of Dong Tam Group Vo Quoc Thang and Chairman of the Board of Directors of Truong Thanh Furniture Corporation Mai Huu Tin.

The three corporations will combine their strengths and experiences regarding ideas, design, materials, technical solutions, construction solutions, project management and others, to build affordable apartments, contributing to meet the increasing demand for housing.

The representatives of the three groups expect that the expansion and effective implementation of the affordable housing programme will contribute to solving the social security problem of the localities, helping millions of unskilled workers fulfil their dreams to settle down, as well as promoting urban development towards the common sustainable development of society.