There will be about 50,000 apartments priced from 150 million VND.

This information was given at a press conference to inform about the 12th Congress of Vietnam Trade Unions recently held by the Vietnam General Confederation of Labor in Hanoi.

One of the targets of the Vietnam Trade Union for the 2018-2023 term is to invest in building at least 50 trade union facilities including housing, kindergartens, supermarkets, healthcare, culture, sports, legal consulting, etc. in industrial parks and export processing zones.

Illustration

The Vietnam General Confederation of Labor said that each union institution will have about 1,000 apartments from 30 - 45m2 built synchronously so that when handed over to workers, they will be attached to service facilities such as kindergartens, supermarkets, etc. 50 union institutions will be attached to 50,000 apartments, 50 kindergartens, supermarkets, multi-purpose houses, etc. in 50 industrial and export processing zones.

Through careful research on the ability and income of workers and the construction process that took a year to negotiate and find new technologies, the price of housing for workers will be around 5 million VND/m2, the price of an apartment will be from 150 million VND or more.

To date, 20 provinces have been granted land to build trade union institutions, and the land allocation has been supported by the localities. The remaining 30 localities are actively working to soon have land to invest in building trade union institutions.

Currently, the country has 2.8 million workers in industrial parks and export processing zones, with 1.7 million people in need of housing. However, the market can only meet 8-10% of the demand, the majority of workers have to rent accommodation with very poor living conditions, affecting their health and labor productivity.

Therefore, the development of social housing, worker housing and housing for low-income people has been a focus of the Government in the Housing Development Strategy to 2020 and vision to 2030.