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We cannot process tax exempt orders online. If you wish to place a tax exempt order please contact us. Add to cart. Binh Chanh District may have large chunks of land available, but the poor infrastructure could make it hard to attract people. In Binh Chanh District's Vinh Loc B Commune, where the City is planning to build , social houses for workers, more than 1, apartments meant for resettlement residents have not been used for several years.
In other countries in the Southeast region, specialists, managers and office workers at IPs buy houses or apartments on hire purchase basis, while most laborers live in rented houses. Foreign workers in Singapore can rent houses on a three to five-year contract.
When the contract expires, they have to return the houses to the housing management authority. Ho Chi Minh City is going to neither provide , houses for workers for free of charge nor sell them at low prices. Instead, the City will allow workers to rent the houses during the time they work at an IP nearby. When they no longer work at the IP, the housing management authority will take over these houses. It is still unclear what sort of social housing scheme plan that Ho Chi Minh City will invest in.
Temporary, low cost buildings or prefabricated houses which cost less, have short lifespans, making it easier for the city authorities to change the purpose of land use whenever it is necessary. The City may also go for the construction of high-rise buildings to save land space.
If the City uses its budget and accepts losses, everything would be considered fine during the time of construction, but it would not be easy for management and maintenance work purposes. Singapore can do it because it has an enormous budget for housing, besides there are not many migrant workers there and population management is also excellent. Tenants even receive notification of the house leasing expiry dates, labor contract expiry dates and visa expiry dates.
It is certain that Ho Chi Minh City will not use public budget because it does not have such a big fund amount for such purpose. Therefore, it will call for investments from domestic and international private investors.
The government and the City authorities will provide investors with significant incentives like exemption or reduction of land rental, taxes, low-interest loans and legal support. Yet this kind of business can hardly attract big investors, because if they are just simple houses with tin roofs, small private investors in Ho Chi Minh City, Binh Duong and Dong Nai have been involved in such business for last several years. If the City builds high-rise buildings for monthly rental of a few million Vietnamese dong per apartment, then capital recovery and profit will be hard for investors, because it would cost huge amounts of money to build high-rise buildings.
Even the cheapest high-rise building has to meet the minimum requirements set forth by the Ministry of Construction. They must be built of standard materials and must have elevators, fire prevention and control equipment, besides also parking lots and playgrounds.
These requirements could discourage any investors, and the tenants would have to pay extra costs like fire control, social order, environmental protection, security, lighting and standby generators. To prevent the tall buildings from becoming high-rise slums, it is also essential to take into consideration other factors such as recreational facilities, green areas and garbage collection.
One suggestion from experts that Ho Chi Minh City authorities must seriously consider is that factory owners and companies in IPs should make mandatory contributions to housing costs of their workers. It is strange and surprising that not a single provision in the Foreign Investment Code, which was issued in and has been revised several times, has ever required company owners to build houses for their workers to live in and provide a stable and steady work force to the companies.
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