Vingroup has launched a significant rental housing project in Pho Hien, Hung Yen, reinforcing its commitment to social responsibility and sustainable urban living. The groundbreaking ceremony took place on June 28, marking a step towards improving social welfare and creating a comprehensive ecosystem for residents in urban areas.

This rental housing project is part of a broader social housing initiative in Pho Hien, located in the cultural and tourism center of Hung Yen province. Its proximity to large industrial zones facilitates convenient living for workers, students, civil servants, and local residents.

The apartments in this rental housing project are designed to meet modern living standards, ensuring functionality, ventilation, comfort, and high-quality finishes. The project will benefit from a complete infrastructure system, including internal traffic, parking facilities, cultural, healthcare, educational, and sports facilities, as well as green spaces, creating a civilized and convenient living environment.

Le Khac Hiep, Vice Chairman of Vingroup, expressed pride in collaborating with Hung Yen province on this meaningful project for the community. He emphasized the company's commitment to allocating resources effectively, ensuring safe and scientific construction, maintaining quality, and adhering to legal regulations. Vingroup will also work closely with relevant authorities to ensure the project is managed and operated effectively once completed, serving the intended beneficiaries and fulfilling the purpose of a rental housing initiative.

The development of rental housing in Hung Yen underscores Vingroup's role in supporting the government and localities in actualizing significant housing policies, addressing housing needs, and improving the quality of life for residents. This initiative contributes to social welfare and lays a sustainable foundation for urban development in Vietnam.

Previously, Vingroup announced plans to develop 4,500 rental apartments, equivalent to 146,000 square meters, in Ba Diem, Ho Chi Minh City, to meet the long-term rental needs of workers, students, and local residents at reasonable costs. Additionally, its subsidiary, Vinhomes, is also constructing a rental housing project in Viet Hung, covering approximately 2.46 hectares, featuring seven buildings with 1,166 apartments and an estimated investment of over 3.562 trillion VND.