Bạc Liêu is set to focus on completing social housing projects in the coming years.
In 2025, the province will prioritize the completion of the Beda Bac Lieu 1 social housing project, comprising 338 low-rise terraced houses, developed by Beda T&C Joint Stock Company. Following this, the Beda Bac Lieu 2 project, featuring 285 similar houses, is slated for construction in 2026.
The People’s Committee of Bac Lieu Province has also directed the Department of Construction to collaborate with relevant departments to advise on converting the functionality of two student apartment buildings on 3 February Street (public assets in Ward 1, Bac Lieu City) into 150 social housing units by 2026.
From 2027 to 2030, Bac Lieu aims to complete an additional 1,130 social housing units. Several other social housing projects are also in the pipeline, demonstrating the province’s commitment to enhancing social welfare and improving living standards for its residents.
A Fresh Proposal for Post-Merger Social Housing Conditions
“Following the merger of provinces and cities, the provincial People’s Committee will outline specific conditions for purchasing social housing. These conditions will take into account the varying circumstances and travel times of commuters who already own homes.”
“Local Authorities to Determine Eligibility Criteria for Social Housing Purchase and Rent-to-Buy Schemes.”
The legislature has recently passed a resolution to pilot several special policies to promote the development of social housing. This move empowers local governments to establish practical criteria for approving individuals to purchase or rent-to-own social housing.
“Scrapping the Proposal for Civil Servants to Live 30km Away from Work to Be Eligible for Public Housing”
The government proposes that instead of mandating a 30km distance criterion for civil servants to be eligible for social housing, the decision should be left to the provincial People’s Committees. This proposal takes into account the varying local conditions and empowers local authorities to make detailed regulations.
The Latest Regulations on Sales Prices and Beneficiaries of Social Housing Policies
The determination of sales and leasing prices for social housing is undertaken for one or multiple constructions within a social housing development project. This process is undertaken in phases, considering the investment stages and either individual components or the entirety of the project.
‘The Dark Side of Social Housing: How ‘Cò’ Profiteers are Distorting the Market’
“There is a persistent presence of brokers in the social housing sector, taking advantage of the high demand for such housing and creating a chaotic market with their resale practices. Mr. Nguyen Van Khoi, Chairman of the Vietnam Real Estate Association, highlights how these practices cause significant distress for legitimate buyers seeking social housing.”
