The capital city must complete revisions to its housing development plan before November 30 to specify project lists, land reserves, funding sources and implementation schedules, with priorities clearly defined.
It is the 22nd social housing project to break ground in the province, adding 950 apartments to the supply of affordable homes in the nothern province..
According to the Ministry of Construction’s report, 875 social housing projects with total planned investment of about VNĐ637 trillion (US$24 billion) are being carried out nationwide.
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.
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 allowed residents who already own homes to buy or lease-to-purchase social housing apartments if their current residence is more than 20km from their workplace.
A central focus of the draft is on improving the management and operational mechanisms of the Land Development Fund, especially concerning the use of idle capital.
Covering approximately 88ha, the nearly VNĐ3.8 trillion (US$155.29 million) Vinhomes Happy Home Cam Ranh is expected to be completed around the end of 2026.
“Happy Home Tràng Cát” is the social housing project with the largest scale and utility infrastructure in Hải Phòng with the provision of 4,300 houses.
The project has an initial outlay of VNĐ600 billion (US$25.4 million) and consists of two parts. The first part comprises four high-rises with 723 apartments and the second six low-rise blocks with 362 apartments.
The State Bank of Viet Nam’s branch in Khanh Hoa has asked credit institutions in the province to report on outstanding loans, payments and guarantees for real estate developer Hoang Quan relating to its stagnant social housing project HQC.
The Housing and Urban Development Corporation (HUD) has started construction of a new US$16.2 million social housing project in the central coastal Khanh Hoa Province’s Nha Trang City.