The rental housing project forms part of the broader Phố Hiến social housing development, which was officially launched on December 19, 2025, by the Hưng Yên Provincial People''s Committee in coordination with Vingroup.
Industrial developer Becamex IDC on Friday broke ground on four social housing projects in HCM City, adding more than 6,200 apartments as Việt Nam''s largest metropolis steps up efforts to tackle a shortage of affordable housing.
Businesses and industry experts are calling for stronger incentives, easier access to capital and land, and streamlined procedures to accelerate rental housing development in HCM City as home prices rise and demand from urban workers grows.
This is the largest package of infrastructure and social housing projects the capital has ever undertaken, marking an important shift from the stage of preparing mechanisms and policies to the stage of implementation and the realisation of the Government’s major...
Thirteen organisations and property developers have pledged to build nearly 100,000 rental social housing units in HCM City in a move that aims to tackle a housing shortage that has left many workers and low-income residents priced out of the property market.
Thường Tín Commune tops the list with 10 projects, followed by Ô Diên Commune with seven projects and Phúc Thịnh Commune, Tây Phương Commune, Tây Tựu Ward and Đại Mỗ Ward with six projects each.
Hà Nội has proposed a new regulatory framework allowing the conversion between social housing, commercial housing and resettlement housing projects in an effort to improve the use of underutilised housing stock and respond more flexibly to market demand.
Party General Secretary and State President Tô Lâm recently held a working session with the Government Party Committee and relevant departments on the implementation of Directive 34-CT/TW on social housing development.
At the local level, 13 provinces and cities have completed the establishment of funds and are seeking approval from provincial people’s councils for additional capital allocations, the report said.
Under a draft amendment to the Law on Housing 2023 now open for public consultation, social housing owners would only be permitted to resell to buyers who meet the eligibility criteria for social housing support.
Covering nearly five hectares, the project has a total investment of more than VNĐ5.431 trillion and is expected to accommodate around 7,960 residents.
HCM City authorities have introduced a new administrative framework aimed at speeding up social housing projects by placing them in a “green lane” and “priority lane” to fast-track approvals and reduce procedural bottlenecks.
Authorities in HCM City are seeking investors for a social housing project covering about 4.7 hectares in Rạch Dừa Ward as part of efforts to expand the supply of affordable homes.
