The State Bank of Vietnam (SBV) has proposed that commercial banks not be allowed to provide preferential loans to low-income people seeking to purchase, lease and lease-purchase social houses.

In many cases, people who bought, rented or leased-purchased social housing already had accommodations. Many people were found using social housing for the wrong purposes.

People planning to buy an apartment in HCM City might have to think twice due to the likelihood of disputes with developers, which have been proliferating in recent times.

Ho Chi Minh City will limit the construction of new residential high-rises in districts 1, 3, 4, 5, 6, 11 and Phu Nhuan, under a housing development plan for the 2021-2030 period.

Ho Chi Minh City is expected to need an additional 160,000 social housing apartments in the next decade to meet its rising population and demand for affordable housing, according to the city’s Department of Construction.

As the economic hub of the whole country, Ho Chi Minh City located in the Southern Key Economic Zone (KEZ) contributes strongly to the future "Diamond Octagon” of Vietnam.

Hon Hai Technology Group (Foxconn) has proposed the Government to allow enterprises in industrial zones (IZs) to purchase or lease-purchase social housing units for their workers.

The State of Vietnam will employ policies to encourage the development of cheap commercial houses to remove difficulties for the real estate market and enterprises due to the COVID-19 pandemic.

HCM City plans to draw up specific policies for firms having capital of more than VND100 billion (US$4.3 million) in the first quarter of this year, and has committed to create more favourable conditions for enterprises.

Nine social housing projects for low-income earners with more than 4,100 apartments measuring 205,500 sq. m were completed and put into use in 2019.

The Ministry of Construction has asked cities and provinces throughout the country to make reports on land available for social housing projects.

The minimum wage is too low for workers to survive on while social housing is inadequate and too expensive for them, trade unions told HCM City’s leaders at a meeting on Sunday.

 VietNamNet Bridge – The national housing development strategy targets having 12.5 million square metres of social and affordable housing by 2020.

 VietNamNet Bridge – Economist Nguyen Tri Hieu talks to the Hai Quan (Customs) newspaper about possible plans to generate money for the Government’s affordable housing scheme in its second phase

Vu Xuan Thien, Deputy Head of the Construction Department for Housing and Real Estate Market Management under the Ministry of Construction, spoke to Viet Nam News Agency about the national programme to make residential areas safe from flooding

 VietNamNet Bridge – In five years, about one million low-income workers across the country will be in need of cheap housing, said Chairman of the Viet Nam Federation of Civil Engineering Associations, Tran Ngoc Hung in a conference.

 VietNamNet Bridge – Vietnamese scholars Tran Duc Anh Son and Dr Ta Van Tai presented two topics in a two-day seminar on maritime trade in the Bien Dong at Columbia University and Tufts University yesterday.

VietNamNet Bridge - The Ministry of Construction (MOC) has proposed using preferential loans from official development assistance (ODA) to build social housing projects.

More social housing projects will be developed with the involvement of the State, enterprises, and the public, to meet the people's demand, according to Minister of Construction Trinh Dinh Dung.

 Local indices make gains on return from Tet holiday break; Ministry of Construction may increase size of social housing; Foreign investment hits high note; ANZ: Consumer confidence grows in Feb; January car sales accelerate year-on-year