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.
Deputy Minister of Construction Nguyễn Văn Sinh said upcoming social housing projects will be placed in ''green line'' for administrative procedures which allows the parallel implementation of multiple procedures in order to reduce processing time and compliance costs for developers...
The HCM City Labour Federation has partnered with a private developer to build 30,000 social housing units for workers by 2030, in an effort to address the growing demand for affordable housing among low-income labourers in the city.
Prime Minister Phạm Minh Chính has called for new policies to increase housing supply and improve access for middle-income earners, as rising prices push home ownership beyond the reach of many households ineligible for social housing.
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.
Those projects mark an important step toward improving regional connectivity and promoting socio-economic development in both the locality and neighbouring regions.
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.
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.
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.
The programme has become an important credit resource, helping tens of thousands of households, workers, and low-income workers to have conditions to settle down and stabilise their lives.
The proposed developers include Vingroup, Sun Group, Viglacera, HUD, HANCORP, Becamex IDC, Vinaconex, Nam Long, Đức Mạnh, TasecoLand, Cát Tường and Thủ Đô JSC, among others.
Prime Minister Phạm Minh Chính advocated for policies to boost supply and balance demand through market mechanisms, while identifying institutional and policy barriers that stifle progress.
