Thai Nguyen will complete 8,800 social housing units in phase 2021

Thai Nguyen will complete 8,800 social housing units in the 2021 - 2025 period.

Currently, Thai Nguyen has 4 social housing projects approved for investment with a total of nearly 2,000 social housing units expected to be built.

Thai Nguyen is an industrial province with a large number of workers in industrial parks (over 100,000 people), concentrated in Pho Yen City and neighboring localities, so the need for housing in this area is extremely urgent.

In particular, investment attraction in the province is increasing sharply. By the end of the first quarter of 2024, investment attraction activities in both domestic and foreign investment sectors increased sharply.

Specifically, in the field of attracting domestic and non-budgetary investment, the province has newly granted and adjusted capital increase for 11 domestic and non-budgetary investment projects with a total capital of more than 8.5 trillion VND.

In which, the investment policy decision was issued and investors were approved for 4 domestic and non-budget investment projects with a total capital of over 1,069 billion VND; the investor approval decision was issued for 6 projects with a total capital of 3,489 billion VND; the investment registration certificate was issued for 1 project with a capital of 3,985.5 billion VND and the capital increase was adjusted for 1 project.

Important projects with large total investment include the Song Cong II Industrial Park Infrastructure Construction and Business Investment Project, Phase 2 with an area of over 296 hectares, total investment of nearly 4 trillion VND; Phu Binh 2 220KV Transformer Station Project and Phu Binh 2 220KV transmission line branching from Thai Nguyen to Bac Giang with a total investment of 620 billion VND.

Regarding foreign direct investment (FDI), the province has 7 newly licensed FDI projects with a total registered capital of 470.7 million USD, and 3 projects with increased capital with a registered capital of 7.31 million USD.

Including the project of Trina Solar Cell (Vietnam) Co., Ltd. to produce monocrystalline silicon panels and solar panels with a total investment of 454.4 million USD. This is the third project of Trina Solar Group implemented in the province, raising the total investment capital of this enterprise in Thai Nguyen to 932 million USD.

This is a positive signal, demonstrating the confidence of major investors in the investment and business environment in the province. It is also a driving force for the province to implement the Central Government's policy on social housing development.

The Provincial People's Committee has issued the Housing Development Program for the period 2021 - 2030; the 5-year Housing Development Plan for the period 2021 - 2025 and the Social Housing Development Project in the province for the period 2021 - 2025. The province aims to build over 8,800 social housing units in the period 2021 - 2025 according to the target assigned by the Prime Minister .

In order to accelerate investment in social housing construction in the area, Thai Nguyen province is continuing to vigorously implement planning procedures and attract investment in a number of social housing projects concentrated in some southern localities of the province.

Typically, Tan Phu Social Housing Area (12.5 ha) and Dong Cao Social Housing Area (27.5 ha) in Pho Yen City; Bach Quang Ward Social Housing Area (5.68 ha), Bach Quang Ward Mixed Housing Area (5.32 ha) and Bach Quang Ward Workers Housing Area (16.73 ha) in Song Cong City.

At the same time, the province also completed the compensation and resettlement of projects using 20% of the land fund of large-scale urban projects such as Viet Han Urban Area (Pho Yen City) with a social housing land area of 3.8 hectares; Cau Truc Urban Area (Song Cong City) with an area of 1.9 hectares; Cao Ngan Residential Area (ie Danko City Thai Nguyen Urban Area) with an area of 3.87 hectares; Quyet Thang Residential Area No. 2 (compensating for social housing land fund of the New Urban Area project, central walking street of Thai Nguyen City) with an area of 0.6 hectares.

The strong increase in investment attraction in Thai Nguyen will be a fulcrum for the province to promote the completion of social housing projects in the area, especially in industrial parks and industrial clusters.

These projects will meet about 40% of the social housing target assigned to Thai Nguyen province by the Government's Project "Investing in the construction of at least 1 million social housing apartments for low-income earners and industrial park workers in the 2021-2030 period".

Recently, the People's Committee of Thai Nguyen province and TNG Land Joint Stock Company started construction of the Dai Thang social housing project at Peace Village urban area, Dong Tien ward and Bai Bong ward, Pho Yen city.

The project is more than 11 hectares wide, in which the investor (TNG Land Joint Stock Company) reserved nearly 1 hectare to build a social housing project with 34 2-storey townhouses, an 18-storey apartment building with 361 apartments, each apartment has an area of 26.7m2 to 70m2, arranged with 1 to 3 rooms.

The total investment of the project is more than 700 billion VND, meeting the housing needs of 800 low-income people and workers in industrial parks in the area. Expected to be put into use by the end of 2025.

According to the investor, the policy of purchasing social housing at the project and the conditions for borrowing capital are applied according to the Government's regulations. Residents receive preferential policies such as a loan interest rate of 4.8% per year. The maximum loan amount is 80% of the value of purchasing or renting social housing, with a maximum loan term of 25 years.

Previously, in early March, the social housing project in Tich Luong ward (Thai Nguyen city) was also deployed with a scale of 11.3 hectares, the total investment in phase 1 was 1,300 billion VND, including 11 buildings from 5 to 10 floors.

Source