JavaScript is off. Please enable to view full site.

Ho Chi Minh City needs over $21mn to renovate nearly 250 old apartment buildings

Ho Chi Minh City needs over $21mn to renovate nearly 250 old apartment buildings

Wednesday, August 10, 2022, 16:21 GMT+7
Ho Chi Minh City needs over $21mn to renovate nearly 250 old apartment buildings
Huynh Thanh Khiet, deputy director of the Ho Chi Minh City Department of Construction, speaks during a meeting on August 9, 2022. Photo: Cam Nuong / Tuoi Tre

The Ho Chi Minh City Department of Construction proposed on Tuesday an allocation of VND500 billion (US$21.37 million) from the municipal budget for the renovation of 246 old, run-down apartment buildings in the southern metropolis.

The proposal was made during a meeting reviewing the implementation of the Housing Law in the city in the 2016-21 period.

The construction department’s deputy director Huynh Thanh Khiet reported that the agency has just completed the inspection, review, classification, and quality control process at 474 old apartment buildings constructed before 1975. 

The department relocated 982 households living at 19 of those apartment buildings and dismantled ten others with a total floor area of 123,211.4 square meters.

The agency also repaired about half of the remaining buildings while the other half needs further investment, Khiet said.

Therefore, the department has sought the municipal administration’s approval for an allocation of VND500 billion to carry on with the renovation project.

In addition to the financial obstacles, the plan is burdened by the complicated housing law, according to Khiet.

During the 2016-21 period, the city administration gave in-principle approval to the investment in a total of 260 housing projects.

Those five years also saw the construction of 19 social housing projects completed while 25 others are projected to be built until 2025.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

The Ho Chi Minh City Department of Construction proposed on Tuesday an allocation of VND500 billion (US$21.37 million) from the municipal budget for the renovation of 246 old, run-down apartment buildings in the southern metropolis.

The proposal was made during a meeting reviewing the implementation of the Housing Law in the city in the 2016-21 period.

The construction department’s deputy director Huynh Thanh Khiet reported that the agency has just completed the inspection, review, classification, and quality control process at 474 old apartment buildings constructed before 1975. 

The department relocated 982 households living at 19 of those apartment buildings and dismantled ten others with a total floor area of 123,211.4 square meters.

The agency also repaired about half of the remaining buildings while the other half needs further investment, Khiet said.

Therefore, the department has sought the municipal administration’s approval for an allocation of VND500 billion to carry on with the renovation project.

In addition to the financial obstacles, the plan is burdened by the complicated housing law, according to Khiet.

During the 2016-21 period, the city administration gave in-principle approval to the investment in a total of 260 housing projects.

Those five years also saw the construction of 19 social housing projects completed while 25 others are projected to be built until 2025.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Bao Anh - Duong Ngoc Ha - Cam Nuong / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news