The Ministry of Construction has selected Construction Corporation No. 1 (CC1) along with 17 other capable enterprises to implement social housing projects. This is a recognition and affirmation of the prestige and position of CC1, an enterprise with 46 years of experience, thousands of projects nationwide, and a solid foundation in three core areas: construction, investment, and production and trading of construction materials.
This information was recently stated by the Ministry of Construction in a report submitted to the Government on promoting the development of social housing.
According to the Ministry of Construction, the selected enterprises are based on several factors, such as strong financial capacity, ensuring the ability to mobilize equity capital and credit to implement large-scale projects. In terms of experience, they need to have previously implemented social housing projects, worker housing projects, and urban areas with a scale of hundreds to thousands of units.
"The selected businesses must also demonstrate dedication, social responsibility, and a spirit of partnership with the Government in achieving housing welfare goals, and be ready to allocate investment resources," the Ministry of Construction stated.
Investors need to commit to long-term partnership in the development of social housing during the 2025-2030 period. Furthermore, these businesses should be capable of creating a closed value chain from planning, design, construction, operation to management of social housing, ensuring quality and reasonable pricing.
| No. | Businesses |
| 1 | Vingroup Corporation |
| 2 | Sun Group Corporation |
| 3 | Viglacera Corporation |
| 4 | Housing and Urban Development Investment Corporation (HUD) |
| 5 | Hanoi Construction Corporation (Hancorp) |
| 6 | 319 Corporation – Ministry of National Defence |
| 7 | Nam Long Investment Corporation |
| 8 | Becamex Industrial Development Corporation (Becamex IDC) |
| 9 | Vinaconex Corporation |
| 10 | Thanh An Corporation (11th Army Corps) |
| 11 | Truong Son Construction Corporation (Army Corps 12) |
| 12 | Kinh Bac Urban Development Corporation (KBC) |
| 13 | UDIC Urban Infrastructure Development Investment Corporation |
| 14 | Duc Manh Construction and Trading Company Limited |
| 15 | TasecoLand Company |
| 16 | Cat Tuong Joint Stock Company |
| 17 | Capital Investment and Trading Joint Stock Company |
| 18 | Construction Corporation No. 1 (CCI) |
The Ministry stated that the list of selected investors also ensures regional balance, prioritizing implementation capacity in localities with high demand for social housing such as Hanoi, Ho Chi Minh City, Bac Ninh, Hai Phong, Quang Ninh, Da Nang, etc.
In addition to businesses, the Ministry also proposed 15 localities with the highest demand for social housing. These include Ho Chi Minh City, Bac Ninh, Hanoi, Tay Ninh, Dong Nai, Phu Tho, Hung Yen, Hai Phong, Vinh Long, Dak Lak, Da Nang, Nghe An, Thai Nguyen, Ninh Binh, and Quang Tri.
In the first nine months of this year, the whole country completed 43,681 out of a total of 100,275 social housing units, achieving 43.61% of the target. By the end of the year, an additional 39,245 units are expected to be completed, potentially raising the completion rate of the assigned plan to over 801% of the target.