National Assembly Chairman Vương Đình Huệ (centre) and representatives from agencies and localities at the ceremony to kick off Vinhomes' social housing project in Hải Phòng City. —VNA/VNS Photo

Việt Nam’s biggest listed property firm Vinhomes JSC on Saturday officially kicked off its first social housing project in Hải An District, Hải Phòng City.

“Happy Home Tràng Cát” is the social housing project with the largest scale and utility infrastructure in Hải Phòng with the provision of 4,300 houses, thus contributing to solving the housing need of tens of thousands of local workers.

Covering an area of 28.14 ha, the project includes 27 apartment buildings from 7 to 9 storeys, and nearly 300 houses along with modern utility services such as outdoor sports areas, children's playgrounds, and gardens. Commercial and service works, and schools are also built inside the area, along with a medical station and other available infrastructure in the area. It has a total investment of VNĐ5.8 trillion (US$238 million).

The project is expected to be completed in five years. — VNS