Breakthrough Development of Social Housing in Vietnam: Government's concerted Efforts

Strategic Insights -

Prime Minister Pham Minh Chinh and the Central Steering Committee on housing policy and real estate market are working towards a breakthrough development of social housing, addressing the pressing issue of affordable housing in Vietnam. The committee's latest meeting, chaired by the Prime Minister, focused on evaluating the progress made in the first 10 months of 2025 and setting out key tasks for the last months of the year and beyond.

Key Takeaways:

  • The Prime Minister emphasized the importance of developing housing in multiple segments, including high-end, middle-income, and low-income, to ensure harmonious development and equal access to essential infrastructure and social services.
  • The income ceiling for buying or renting social housing has been raised to 20 million VND/month for individuals, 40 million VND/month for couples, and 30 million VND/month for single individuals raising children under the age of majority.
  • According to reports, the country has invested in constructing 132,616 units in the first 9 months of 2025, with 50,687 units completed (50.5%) and an additional 38,600 units expected to be completed by the end of 2025.
  • The Ministry of Public Security has initiated 6 housing projects for the people's armed forces with a total scale of approximately 4,220 units, while the Ministry of National Defense plans to start construction on 8 housing projects for the armed forces with a total scale of 6,547 units.
  • 16 localities are expected to reach and exceed their assigned social housing targets, while 7 localities have the ability to complete their targets by the end of 2025.
  • The government has implemented 4 national conferences related to social housing, issued 3 resolutions, 3 telegrams, and 124 executive guidance documents to promote social housing development and create a safe, sustainable real estate market.

Statistics:

  • As of October 10, 2025, the government has raised the income ceiling to 20 million VND/month for individuals, 40 million VND/month for couples, and 30 million VND/month for single individuals raising children under the age of majority.
  • In the first 9 months of 2025, the country has invested in constructing 132,616 units, with 50,687 units completed (50.5%).
  • An additional 38,600 units are expected to be completed by the end of 2025, bringing the total to 89,007/100,275 units (89%).
  • 16 localities are expected to reach and exceed their assigned social housing targets, while 7 localities have the ability to complete their targets by the end of 2025.

Sources:

  • "Central Steering Committee on housing policy and real estate market chairs 2nd meeting" (VGP/Nhat Bac, October 11, 2025)
  • "PM chairs 2nd meeting of Central Steering Committee on housing policy and real estate market" (VGP/Nhat Bac, October 11, 2025)
  • "Government issues Decree 261 amending and supplementing decrees about social housing" (Government of Vietnam, October 10, 2025)