On behalf of the government, Standing Deputy Prime Minister Pham Gia Tuc has signed Resolution No. 303, assigning social and rental housing development targets to localities for the 2026-2030 period.

Under the resolution, Vietnam aims to complete or exceed its target of building at least one million social and rental housing units by 2030 for low-income people and workers in industrial parks.

The government has assigned localities a combined target of 899,857 social and rental housing units between 2026 and 2030.

Of these, 708,834 units will be social housing for sale or lease-purchase, while 191,023 units will be developed specifically for rent.

Individual targets have also been set for major cities and provinces.

Hanoi has been assigned a target of 84,000 social and rental housing units for the 2026-2030 period, while Ho Chi Minh City is expected to develop 181,257 units.

Hai Phong has been assigned 32,850 units, Hue 10,600, Da Nang 26,279, Can Tho 13,250 and Dong Nai 60,054.

Local authorities are required to meet or exceed their assigned targets to contribute to the nationwide goal.

More social housing for rent and lease-purchase, fewer units for sale

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Photo: Nguyen Hue

The government has instructed localities to incorporate their assigned social and rental housing targets into annual socio-economic development plans and review projects already included in provincial planning and housing development programs to ensure the targets are met.

For projects where construction has already begun, local authorities must urge developers to concentrate resources on implementation, with the goal of completing them in 2026.

At the same time, localities have been asked to study measures and instruct social housing developers to increase the proportion of units offered for rent and lease-purchase while reducing the share available for outright sale.

The government also instructed provinces and cities to allocate sufficient land for social and rental housing in convenient locations with adequate technical and social infrastructure.

Authorities should establish mechanisms to encourage investors that already have cleared land consistent with planning requirements, adequate technical and social infrastructure and sufficient financial capacity to propose projects and be selected as developers in accordance with regulations.

Provincial-level People’s Committees have also been told to accelerate administrative reforms and place social and rental housing projects on “green lane” or “priority lane” procedures.

Processes involving investment, land, planning, construction and environmental requirements should be carried out simultaneously and in parallel to accelerate project implementation.

Tran Thuong