After 2 years of implementation, the social housing program under the holding investment of Becamex IDC has promoted its effectiveness as 5,000 apartments have been delivered to the people. Of the program, the supporting policies from the package of VND 30,000 billion under Resolution No. 02 of the government implemented from June 2013, hundreds of people have owned the apartments delivered from Becamex social housing program.The joy of now housingAs per the approved contracts, the Management Board of Becamex Social Housing delivered 400 apartments to its customers in Viet-Sing Urban Area of Thuan An Town.

Factory workers are doing paper work to receive apartments offered by Becamex IDC Social Housing Project. Photo by T. Binh. According to the Management Board, the apartments delivered this time were among the first stage of delivering 2,500 apartments completed by Becamex IDC offering to laborers in accordance with preferential loan program of VND 30,000 billion of the government to develop social housing.Upon reception of now houses, many factory workers moved immediately to the places. Mr. Tran Manh Hung from Quang Binh and worker of URC Vietnam Co. Ltd. in Vietnam-Singapore Industrial Park 1, informed that his 3-year working in Binh Duong province has paid off. And, he could buy a house for himself upon hearing information of Becamex social housing program. The apartment of 30m2 just fit in his income.Meantime, Mrs. Huynh Thi Cuong from Thu Duc of Ho Chi Minh City, a worker of Kinh Do Corporation in Vietnam-Singapore Industrial Park 1, informed of her 3 family members working in Binh Duong Province for 7 years during which they had to live in rented hostels. Now, the State’s supporting program for social housing offered them a chance to pay monthly for their own houses.“Our dreams just come true. Now, Becamex IDC and supporting policies of the State are truly encouraging to us so that we are more secured working in Binh Duong Province,” she said.Practical The social housing project in Binh Duong Province eyes 64,700 apartments servicing over 168,000 locally under holding investment of Becamex IDC.Started in February 2012, Becamex IDC simultaneously implemented the project in Thu Dau Mot City, Thuan An Town, and Ben Cat Town to offer 5,000 complete apartments to customers at the preferential cost of VND 90 to 150 million an 30-m2 apartment.Together with preferential prices, flexible payment methods enable factory workers to buy apartments in contracts with the State. Buyers are considered with eligibility to make loans to banks and obtain long-term house-ownership certificate on the land.Becamex Social Housing Project Manager, Mr. Tran Quoc Hung said that the model offered the best prices in Vietnam, bringing up opportunities for people to own houses and settle down. To offer such prices in accordance with income of factory workers, Becamex IDC bore all the obtaining of land-use right and facilities surrounding the apartments.The project was to offer accommodations to people and maintain social stability on the foundation of urbanization; thus, buyers were classified vastly.At lowest price comparing to other localities of the State, apartments offered Becamex IDC created breakthrough in social housing construction for social well-fare.This contributed to the stabilization of human resources and attraction of more investors for the cause of sustainable development of Binh Duong Province in the stage of current industrialization and modernization.Reported by T. Minh – Translated by Vi Bao