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VIETNAM BUSINESS NEWS APRIL 24


VIETNAM BUSINESS NEWS APRIL 24
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 24/04/2021
  
13:10
GMT+7
Affordable housing supply fails to meet goal: Official
Blocks of social housing in Kim Chung commune of Hanoi s Dong Anh district (Photo: VNA)
The supply of affordable housing for low-income earners in urban areas and industrial park workers has only met around 42 percent of the target, Bui Xuan Dung, Director of the Ministry of Construction’s Housing and Real Estate Market Management Agency, told a recent workshop.
A lack of available land and funding were to blame for the social housing shortage, Dung told the “Social Housing: The Establishment of the 2021 - 2030 Comprehensive Social Housing Policy in Vietnam” workshop on April 20 in Hanoi. ....

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Long distance ahead to reach Hanoi bridge goal


Long distance ahead to reach Hanoi bridge goal
11:00 | 14/04/2021
While Hanoi’s new bridge development by 2030 is expected to drive future socioeconomic development and increase regional connectivity, bankability remains dim, waiting for special mechanisms in which to lure private investment.
Hanoi today has a batch of new bridges planned, but only a portion of proposed capital to cover it has been amassed, photo Le Toan
At the site of the second phase of Vinh Tuy Bridge, excavators are in full capacity and actively speeding up work to meet the construction timeline, which is scheduled to be put into operation in 2022.
It is the first bridge in Hanoi to begin construction this year as part of 10 major crossings of the Red River in the city’s new transport development plan by 2030, with a vision towards 2050 and approved by the prime minister five years ago. ....

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