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Addressing a seminar in Hanoi on March 12, Dung noted people from all over the country including rural and mountainous areas all have concerns over the lack of affordable housing.
Housing prices in Vietnam are currently high compared to people’s income, and meeting their housing needs requires support from the State and even international resources, he said.
The government has approved the National Housing Development Strategy till 2020 with a vision for 2030. It is finalizing a housing policy to meet practical conditions, aiming to help low-income earners improve their accommodation.
A number of legal documents have been issued to implement guidelines and mobilise resources for the development of social housing.
World Bank Country Director in Vietnam Victoria Kwakwa said Vietnam is in the process of rapid urbanisation and approximately 1 million people migrate to cities annually, placing immense pressure on housing demands.
International experts at the seminar shared valuable experiences in developing low-cost houses in their countries.
The seminar also provided a good opportunity for domestic researchers, managers and lawmakers to gain valuable information to complete a legal document system relating to building investment, urban and housing development, and real estate trading, especially low-cost house development policy.
VOV