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.

The Tien Duong 1 social housing project in Phuc Thinh ward in Hanoi (formerly under Dong Anh District) is expected to start construction this December.

Soaring property prices, limited supply and strong demand have prompted shady agents to infiltrate the social housing market by offering in-person applications, online submissions, or reselling of housing slots for hundreds of millions of dong.

Social housing development is a sound policy aimed at meeting the housing needs of low-income earners and factory workers, but implementation still faces numerous obstacles.

Hanoi has asked the police to review, discover and handle unethical agents exploiting the process of filing applications for buying, renting or renting-to-own social housing.

Hanoi has called on police to investigate and address individuals and organizations illegally offering to submit applications for social housing purchases and rentals - practices deemed violations of housing policy.

Illegal brokers and speculative resales are turning Vietnam’s social housing into a profit machine. Prices in Hanoi soar to USD 2,000/m². Experts demand stronger data integration, transparency, and tailored policy reform.

Low-cost housing priced around $40,000 sparks a wave of early morning queues and umbrella-covered crowds in the capital.

Hundreds of hopeful homebuyers lined up through the night to secure a spot in the application process for affordable apartments in Hanoi.

With a price of VND1.5 billion for a 60 sqm social housing apartment, even households with the highest income level as stipulated in the list of subjects to social housing would need to save for 10 years to afford a home.

Prime Minister Pham Minh Chinh has ordered the Ministry of Public Security to crack down on social housing policy violations while chairing a key housing and real estate meeting in Hanoi on November 11.

Promoting the development of housing segments that match the average income of the population is one of the directives issued by the Prime Minister to help reduce home prices. What price level is considered reasonable?

The government has issued Decree 261/2025/ND-CP, effective from October 10, introducing key changes to social housing policy, including updates on income eligibility and preferential loan access.

As social housing prices in Hanoi soar to nearly USD 1,200 per square meter, the Ministry of Construction demands an official review.

PM Pham Minh Chinh ordered a review of income eligibility rules for social housing buyers to ensure they align with local conditions, while chairing the first session of the Central Steering Committee on Housing Policy and the Real Estate Market.

Speculation and illegal transfers are among the biggest issues facing the social housing market, depriving those with genuine needs of the opportunity to own a home.

The new residences in Truong Son are designed to meet standards for safety, durability, functionality, and aesthetics, while incorporating local traditions.