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.
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.
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.
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.
With housing prices continuing to outpace incomes, rental housing is emerging as an increasingly important pillar of Việt Nam''s housing policy, offering a more realistic path to stable accommodation for millions of people.
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.
The capital has been chosen to pioneer practical and scalable rental housing models that could later be replicated in other major urban and economic hubs nationwide.
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.
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.
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.
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.