Hanoi to spend VND500bn to renovate old apartment buildings

Hanoi authorities will spend VND500bn (USD21.8m) on upgrading and rebuilding old apartment buildings that are more than 60 years old.

Hanoi authorities will spend VND500bn (USD21.8m) on upgrading and rebuilding old apartment buildings that are more than 60 years old.

  

Hanoi to spend VND500bn to renovate old apartment buildings

Hanoi People's Council approved of the project to renovate and rebuild old apartment buildings after all deputies at the meeting on September 23 voted for the project.

According to the Director of the Hanoi Department of Construction Vo Nguyen Phong, as of 2020, Hanoi has 1,579 old apartment buildings. Of which 1,273 buildings belong to 76 apartment building zones and 306 buildings located separately across the city. Most of them were built from 1954 to 1994. The authorities are still reviewing the buildings and may add 200-300 more buildings to the list.

The buildings have badly deteriorated over the years and become a risk to the residents., The authorities will select 10 buildings for renovation during the 2021-2025 period.

"The city will spend VND500bn to review and upgrade the buildings from 2021 to 2025," Phong said. "We'll complete the review process on all apartment buildings in the city in the second quarter of 2023."

After detailed zoning, the authorities will announce the renovation and rebuilding plans, find investors and help residents be relocated. Phong went on to say that district authorities should be given more responsibilities to speed up the plan.