Vietnam will need to build 4.8 million square meters of housing for students in the 2011-2015 period, at an estimated cost of VND30 trillion (US$1.6 billion) to cope with increasing student numbers, the Construction Ministry’s Housing and Real Estate Market Management Department said.
Students at a dormitory in Ho Chi Minh City. (Filed photo)
The country would have 4.3 million students in 2015 and 70 percent of them would need accommodation in dormitories, said the department.
The existing dormitories, including 330,000 accommodations with total investment capital of VND8,300 billion ($436 million) provided from 2009-2010, and ones currently under construction, can house about 1 million students.
The Construction Ministry has requested the government to allocate VND6 trillion every year from government bond proceeds to the construction of student housing.
Vietnam now has nearly 3 million students at 1,020 universities, colleges and vocational schools. The country can only meet 15-22 percent of students’ housing demand, official statistics show.
