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.
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.
The Ministry of Construction has asked each province and city to begin construction of at least one rental housing project with budget funds in June and prepare development plans for the sector through 2030.
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.
The construction ministry has proactively proposed new policy measures to translate the Party and State leadership’s directives into amendments to the Housing Law and the law on real estate business, which are expected to be submitted to the National Assembly...
The shortage of affordable rental housing in Ha Noi will get worse if
local authorities do not pay more attention to housing projects,
especially for people living in the rural outskirts of the city, experts
recommended.