Governments' Policies on Social Housing Development Receive Praise from Industry Experts

Strategic Insights -

The Vietnamese Government's initiatives to boost social housing development, increase real estate supply, and reduce house prices have been widely recognized as timely and correct by the construction industry and real estate associations. Prime Minister Pham Minh Chinchaired the second meeting of the Steering Committee on housing policy and real estate market, focusing on the breakthrough development of social housing. Industry experts praised the Government's policies, citing Resolution No. 201/2025/QH15 and Decree No. 192/2025/ND-CP as crucial in driving social housing development.

Key Takeaways:

  • The Housing and Urban Development Investment Corporation (HUD) has been selected to participate in the social housing development project, with a goal of developing 1 million social apartments by 2030.
  • HUD is currently implementing 9 social housing projects with over 6,600 units, with 5 new projects underway in Hanoi and Ho Chi Minh City.
  • Corporation 319, a unit of the Ministry of National Defense, has been praised for its efforts in implementing Resolution No. 201/2025/QH15 and Decree No. 192/2025/ND-CP, with its social housing project expected to be completed in December 2025.
  • The Vietnam Real Estate Association (VNREA) has called for the implementation of real estate policies, particularly in the social housing segment, with a focus on specifying and accelerating the progress of policy implementation.
  • Local authorities are crucial in controlling house prices and ensuring transparency in selling and rental prices, with VNREA proposing solutions such as using budget to support infrastructure construction and offering interest rate support packages.

Statistics:

  • By 2030, HUD plans to develop 1 million social apartments, equivalent to over 9,000 apartments.
  • As of 2025, HUD has implemented 9 social housing projects with over 6,600 units.
  • In 2025, 5 new social housing projects are underway in Hanoi and Ho Chi Minh City, with 1,300 apartments to be completed.
  • Corporation 319's Calyx Residence social housing project is expected to be topped off by December 2025.

Sources:

  • Resolution No. 201/2025/QH15 of the National Assembly on piloting a number of specific mechanisms and policies for social housing development.
  • Decree No. 192/2025/ND-CP of the Government detailing a number of articles and measures to implement Resolution No. 201.
  • HUD's statement on participating in the social housing development project.
  • Corporation 319's proposal to prioritize social housing policies for the armed forces.
  • VNREA's suggestions for accelerating real estate policy implementation and controlling house prices.