HCM City targets nearly 200,000 social housing units by 2028

HCM City aims to have 199,400 social housing units by 2028, two years ahead of the target set by the Government, according to information released at a conference held on December 18.

 


HCM City has been tasked with building 199,400 social housing units by 2030 to serve low-income earners, workers, civil servants and public employees. — VNA/VNS Photo

HCM CITY — HCM City aims to have 199,400 social housing units by 2028, two years ahead of the target set by the Government, according to information released at a conference on December 18.

The event was jointly organised by the municipal People’s Committee and the Ministry of Construction to disseminate and implement the National Assembly’s Resolution 201/2025 on piloting special mechanisms and policies for social housing development, along with relevant guiding decrees.

At the conference, Hà Quang Hưng, Deputy Director of the Department of Housing and Real Estate Market Management under the Ministry of Construction, said Resolution 201 had significantly shortened administrative procedures for social housing projects.

The Government has so far issued eight policies to promote social housing, including those on the national housing fund, direct designation of investors without auctions or bidding, detailed planning, and professional price-setting mechanisms.

Vice Chairman of the HCM City People’s Committee Hoàng Nguyên Đình said the city had been tasked with building 199,400 social housing units by 2030 to serve low-income earners, workers, civil servants and public employees. Previously, the fastest approval process took around eight months, but under the new resolution, it was reduced to about 45 days. With streamlined procedures now in place, the municipal Department of Construction had shifted its approach towards completing the target earlier, aiming for full completion by 2028 through accelerated and rolling implementation.

At the conference, the Department of Construction also announced eight land plots that had been zoned for social housing development and would be used to select investors.

Nguyễn Quang Thanh, Deputy General Director of the HCM City State Financial Investment Company (HFIC), said eligible domestic enterprises, cooperatives and public service units participating in social housing projects would receive full interest rate support from the State. The maximum loan eligible for support is VNĐ200 billion (US$7.6 million) per project, with a support period of up to seven years. — VNA/VNS

 

 

 

  • Share:

see also

Hưng Yên breaks ground on key housing, infrastructure projects

Hưng Yên breaks ground on key housing, infrastructure projects

Those projects mark an important step toward improving regional connectivity and promoting socio-economic development in both the locality and neighbouring regions.
Bắc Ninh breaks ground on large social housing and industrial park projects

Bắc Ninh breaks ground on large social housing and industrial park projects

Under the Government’s plan to develop at least one million social housing units nationwide during the 2022-30 period, Bắc Ninh has been assigned a target of approximately 147,100 units.
Work gets underway on major affordable housing project in Hà Nội

Work gets underway on major affordable housing project in Hà Nội

The project is being developed by Vihoce JSC, a company established by the joint venture, and is scheduled for completion in 2030.
Affordable housing needs careful design

Affordable housing needs careful design

Across the country, overall housing supply has been rising, but the share of affordable homes remains critically low. Experts are urging goverment regulations to control real estate prices to be carefully designed to ensure feasibility and avoid further market distortions.
Public Security Ministry seeks investors for 43m social housing project in HCM City

Public Security Ministry seeks investors for $43m social housing project in HCM City

The Ministry of Public Security is inviting investors to develop a social housing project worth nearly VNĐ1.1 trillion (US$43 million) for police officers and personnel in HCM City, as the southern metropolis struggles to meet its ambitious housing goals.