Amended Social Housing Policy in Vietnam: Favorable Conditions for Buyers
The Vietnamese government has introduced Decree No. 261/2025/ND-CP, amending significant aspects of the social housing policy. This revision aims to create more favorable conditions for social housing buyers, particularly those facing financial constraints. The decree builds upon previous regulations, including Decree No. 100/2024/ND-CP, and Resolution No. 201/2025/QH, passed by the National Assembly on May 29, 2025, to pilot specific mechanisms and policies for social housing development.
Key Takeaways:
- The decree stipulates that investors must pay an amount equivalent to the value of the residential land fund invested in building a technical infrastructure system, which must be used to build social housing.
- This payment is calculated based on land use fees for 20% of the project's residential land area and an amount equivalent to the investment cost of building the technical infrastructure system.
- Investors who fail to pay this amount on time must pay late payment interest, which is calculated according to the tax administration law.
- The amount paid by investors is paid into the local budget and managed according to the state budget and National Housing Fund laws.
- Single people with an average income of VND 20 million/month can buy social housing, and the decree also specifies income conditions for subjects enjoying social housing support policies.
- The decree supplements regulations on the income conditions for subjects specified in Article 76 of the Housing Law, including unmarried or confirmed single individuals, married couples, and those with dependents.
- Provincial People's Committees have the authority to decide on income level adjustment coefficients and policies to encourage access to communal housing for subjects with 3 or more dependents in the same household.
Statistics:
- The country is investing in the construction of 132,616 social housing units, with 73 new projects and 57,815 apartments executed in the first 9 months of the year (Source: Ministry of Construction).
- The decree regulates the payment of an amount equivalent to the value of the residential land fund invested in building a technical infrastructure system (Source: Decree No. 261/2025/ND-CP).
- Investors who fail to pay on time must pay late payment interest, which is calculated according to the tax administration law (Source: Decree No. 261/2025/ND-CP).
Sources:
- Decree No. 261/2025/ND-CP of the Government
- Resolution No. 201/2025/QH of the National Assembly
- Decree No. 100/2024/ND-CP of the Government
- Ministry of Construction