With an income of about VND40 million per month, a household may need more than a decade to afford a 70 sqm social housing apartment, according to the Ministry of Construction (MOC).

The Ministry of Construction (MOC) has proposed stricter regulations on the buying, selling, and transfer of social housing, allowing resale only to eligible beneficiaries under the policy.

The Government has introduced a consolidated legal framework to accelerate the development of social housing, aiming to expand home ownership opportunities for low-income earners while ensuring greater transparency and efficiency across the sector.

Businesses have proposed that state agencies directly approve social housing buyers from the outset and establish a database of eligible buyers on the VNeID system to reduce risks during the sales process.

A shared database on the VNeID system has been proposed to help authorities verify eligible buyers and streamline procedures, while preventing abuse of Vietnam’s social housing policies.

A family has lived in a social housing apartment for nearly 10 years and their children go to a school just a few hundred meters from home. Their jobs, neighbors and daily routines have all become closely tied to the residential area.

Ho Chi Minh City and its partner, LNT 7979 Service Development JSC, aim to complete at least 30,000 social housing units by 2030, helping meet the rising demand for housing among the city’s workforce.

Scaling up social housing delivery would stimulate aggregate demand and create jobs in construction, building materials, interior decor, and finance and banking, delivering economic benefits that extend far beyond real estate itself.

With hundreds of projects underway, the Government aims to ease price pressures and strengthen macroeconomic stability.

Under a new resolution, Hanoi grants talented individuals priority access to social housing, alongside financial and welfare support to anchor high-quality human capital in the capital.

HCMC authorities said they will impose tough sanctions on project owners that delay or fail to implement social housing projects as promised by banning the sale of future homes, refusing to extend project timelines, and not considering new projects.

With a monthly income of over VND20 million, they are neither poor nor part of a special-policy group, and they still pay personal income tax.

Home rebuilding must be completed on January 10, and no later than January 12, the dispatch said, saying under no circumstances, should progress be delayed.

Prime Minister Pham Minh Chinh on January 7 urged the swift completion of the “Quang Trung Campaign” to rebuild storm-hit homes in central Vietnam before the 14th Party Congress and Lunar New Year.

Due to recent storms and floods, a total of 1,597 houses from Quang Tri to Lam Dong were collapsed or swept away and required rebuilding, while 34,759 were damaged and needed repairs.

Vietnam has completed a historic campaign to eliminate substandard housing nationwide, achieving its goal more than five years ahead of schedule.

From Hanoi to Da Nang and Quang Ninh, numerous large-scale social housing projects, each worth billions of Vietnamese dong, broke ground on December 19, injecting new momentum into the affordable housing market.

Ho Chi Minh City aims to have 199,400 social housing units by 2028, two years ahead of the target set by the Government, according to information released at a conference held on December 18.

Vietnam has so far this year completed 102,633 social housing units, exceeding the Prime Minister's yearly target by 2%, according to the Ministry of Construction.