Vĩnh Long and Đồng Tháp Launch Series of Social Housing Projects

As of now, Vĩnh Long province is implementing 10 social housing projects, eligible to sell over 1,300 units, while Đồng Tháp province is executing 9 projects, but only eligible to sell more than 500 units. However, the implementation process faces numerous challenges, particularly in terms of capital.

0
7

On October 1st, Deputy Minister of Construction Pham Minh Ha held a meeting with the People’s Committees of Vinh Long and Dong Thap provinces to discuss the development of social housing in these two provinces.

Rendering of social housing at the Phuoc Tho 1 residential area project in Vinh Long province.

According to the Department of Construction of Vinh Long, the province has implemented 10 social housing projects to date, completing nearly 1,200 units, with 9 projects currently under construction. Over 1,300 units are eligible for sale. The province is also inviting investment for 4 additional projects, totaling more than 1,600 units. The government has set a target for Vinh Long to build 38,500 social housing units by 2030.

Following the provincial merger, the Department of Construction of Vinh Long is reassessing the demand for social housing to ensure alignment with actual needs, avoiding oversupply or shortages in certain areas.

In Dong Thap province, the Department of Construction reports that 9 social housing projects are underway, with a total of nearly 4,600 units. The province is also seeking investment for 5 projects, comprising approximately 2,300 units. As of September 2025, over 560 units are eligible for sale or rent.

The Department of Construction of Dong Thap notes that the progress of social housing projects in the area has been slow. Despite repeated commitments from investors, financial constraints and limited access to preferential capital have hindered faster development.

Scene from the meeting.

The People’s Committee of Vinh Long province has proposed that the government expedite the establishment of a Housing Fund at all levels. This fund would provide additional resources to help localities secure cleared land, support investment, and fulfill social housing development objectives.

Based on the post-merger review, the People’s Committee of Vinh Long has also suggested that the Ministry of Construction submit a proposal to the Prime Minister to adjust the social housing development target for Vinh Long by 2030, reducing it by 15,000 units (from 38,500 to 23,500 units).

Dong Thap province highlights that social housing development funding primarily comes from private enterprises, with limited state budget investment. Additionally, commercial housing projects face challenges in land compensation and clearance, significantly impacting the progress of social housing projects derived from the 20% land fund allocated within commercial housing developments.

Deputy Minister of Construction Pham Minh Ha urged local authorities to thoroughly review the demand for social housing in their areas, compile challenges and obstacles, and propose recommendations for institutional and policy improvements. He emphasized that provinces should clearly identify projects that are misaligned with local needs and areas of difficulty, submitting these proposals to the Ministry for consolidation and reporting to higher authorities.

Mr. Ha pointed out that while major cities like Hanoi and Ho Chi Minh City face high demand, with projects selling out before completion, the situation in the Mekong Delta provinces is different, with lower demand. Localities must therefore clarify which projects are unsuitable or misaligned with local needs to facilitate effective policy adjustments.

You may also like

Home Prices Significantly Influence Childbearing Decisions

Soaring housing costs in Vietnam are not just eroding incomes—they’re directly impacting families’ decisions to have children.

Top 18 Elite Construction Firms Selected by Ministry of Construction for Social Housing Projects

The Ministry of Construction has recently submitted a report to the Government, identifying 18 capable construction companies to develop social housing and 15 localities with the highest demand for social housing nationwide.

Unveiled: Consortium of Investors Behind Hanoi’s 9.3 Trillion VND Social Housing Project

The Tiên Dương 1 social housing project, located in Phúc Thịnh commune, Hanoi, is a collaborative effort by the consortium of Viglacera, Hoàng Thành, and Central. With a total investment of over 9.3 trillion VND, this development aims to provide affordable housing solutions for the community.

Vĩnh Long Approves $120 Million Investment for Cổ Chiên River Bridge Project

Experience the future of connectivity with the Dinh Khao Bridge project, a 4.3km-long engineering marvel spanning the Co Chien River. This groundbreaking BOT initiative boasts a total investment of over 2.852 billion VND, with the government contributing nearly 49% and investors funding the remainder. Designed for long-term sustainability, the project includes an 18-year toll collection period to ensure full cost recovery.

TTVN Group’s New Milestone in Shaping a Green Future for Vĩnh Long Province

On September 28, 2025, TTVN Group (Vietnam Truong Thanh Corporation) and its affiliated companies, alongside Japanese investors Tokyo Gas Co., Ltd. and Kumagai Gumi Co., Ltd., jointly launched the groundbreaking ceremony for the V1-2 Wind Power Plant Expansion and Dong Hai 3 Wind Power Plant projects.