Bao Quan Investment and Construction Joint –Stock Company has just a large housing project for low-income people in Vinh Phuc Province.
The project that covers more than 4,000 ha in Khai Quan sub-district, Vinh Yen City, includes a fifteen floor tower, 5 six floor buildings, a green park, schools and other infrastructure sub-projects for local low-income people to buy or rent.
According to local officials, the project will meet the need for housing for 5,000 people, mainly workers at the nearby Khai Quang Industrial Zone.
According to the investors, the project costs more than VND 300 billion and will be finished by November, 2013.
Earlier, local authorities and the investors have agreed on the terms under which apartments will then be sold or leased to low-income people.
Translated by Thu Nguyen