Speaking at the Government’s regular press briefing on Wednesday, Deputy Minister of Construction Lê Hồng Vinh said 293 social housing projects, comprising 363,065 units, are currently under development nationwide.
The three draft laws would simplify land-use planning, overhaul land valuation mechanisms, introduce nationwide digital identification for land parcels and strengthen safeguards for property transactions.
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..
Foreign organisations operating in Việt Nam and foreign individuals permitted to enter the country would be allowed to buy or lease-purchase commercial apartments from project developers, as well as receive eligible apartments as gifts or inherit them but no longer...
HoREA believes that codifying this housing segment into law would establish a legal framework encouraging business participation while significantly easing the burden on the State''s social housing programme.
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 target exceeds the minimum of 18,700 units assigned to the capital by the Prime Minister and forms part of Hà Nội''s 2026-30 housing development plan, which includes 236 social housing projects.
Nguyễn Xuân Bắc, deputy director of the SBV’s Department of Credit for Economic Sectors, attributed the limited supply of social housing and the small number of projects eligible for loans to the slow disbursement.
Nationwide, 866 social housing projects have been developed with a combined investment of about VNĐ606 trillion (US$23 billion) and a total of 757,338 apartment units.