Very few apartments priced at below VND25 million per square meter in HCM City exist, according to Ministry of Construction (MOC).

Hanoi needs nearly 4 billion USD to develop 7.2 million square meters of social housing in the next five years amid a shortage of low-cost residential real estate.

Demand for low-priced social houses and houses for long-term rent was high but incentive policies have not yet encouraged investors.

Minister of Construction Pham Hong Ha talks to the Government Portal about the outstanding results of the construction sector in 2019.

Nguyen Van Sinh, Deputy Minister of Construction, talks to the newspaper Thời báo Kinh Tế Việt Nam (Viet Nam Economic Times) on Vietnam’s goal to invest in the construction of 12.5 million square metres of housing floor space from 2016-2020.

Only 28 per cent of industrial zone workers are provided with stable accommodation, while the rest have to rent houses with poor sanitation and infrastructure.

Tran Ngoc Hung, chairman of the Viet Nam Construction Association, speaks to Viet Nam News Agency about key reasons for the delays in the renovation of old living quarters in Hanoi.

The Ha Noi People’s Committee wants special powers to help restore old buildings. They have asked the Ministry of Construction to put their proposals to the Government in the hope of easing difficulties with building projects.

The massive stimulus package of VND30 trillion (US$1.32 billion), introduced in 2013 to encourage social housing development in Viet Nam and revitalise the listless real estate sector, has been entirely disbursed. 

When it comes to social housing or affordable housing for low-income earners, funding is usually a key factor in such projects. However, once the projects are completed, problems in planning, investment management 

 VietNamNet Bridge – Municipal authorities are considering following in Binh Duong Province’s footsteps to build ‘super-affordable houses,’ but the jury is out on the project’s feasibility.

 VietNamNet Bridge – 2015 was littered with M&A activity in the property market, especially in residential, hospitality, and retail, and the trend is forecast to continue in 2016.

VietNamNet Bridge – The construction ministry will focus on housing development this year, especially social housing projects, said Minister Trinh Dinh Dung at a recent meeting.

VietNamNet Bridge – A study by Nomura Research Institute (NRI) of Japan estimated the value of Viet Nam's property market at US$21 billion, a far cry from that of some of its neighbours.  

 VietNamNet Bridge – The state has offered credit packages for the local real estate market and will amend more regulations and policies to promote further recovery in the local market, noted experts.