Social housing

Việt Nam faces delays in social housing construction

Social housing development in Việt Nam is facing significant delays, particularly in major cities such as HCM City and Hà Nội.

Society – Economy

US$49.3 million disbursed for social housing projects
Four State commercial banks have disbursed a total amount of VND1,234 billion (US$49.3 million) for social housing projects by the end of the second quarter of 2024.
Foreign firms inject money into social housing projects in Vietnam
Several foreign enterprises have recently poured investment capital into social housing projects in Vietnam, according to insiders.

Gov’t considers state-funded $1.2b credit package for social housing
The Government is considering implementation of a state-funded credit package worth VNĐ30 trillion (US$1.2 billion) for social housing to replace the current ineffective package.
Mekong Delta speeds up social housing development for low-income, industrial park workers
The region is speeding up the progress to approve investment plans for multiple projects as part of a nationwide programme aiming to develop at least one million social housing apartments for low-income and industrial park workers
4 social housing projects completed in HCM City since 2021
Two social housing projects with 50,831 square metres of floor space were completed in HCM City in the first half of the year, according to a report by the city Department of Construction.
Vietnam, RoK foster cooperation in social housing development
Minister of Construction Nguyen Thanh Nghi held talks with Minister of Land, Infrastructure and Transport of the Republic of Korea (RoK) Park Sanwoo in Hanoi on July 16, during which the two ministers inked a memorandum of understanding (MoU) on cooperation between the two ministries in urban and social housing development.

Obstacles to be removed in social housing development
Reviewing work over the first six months this year, Đậu Minh Thanh, Chief of the Ministry of Construction Office, said the building of social housing projects is still far off from the target set by the Government of 130,000 homes completed by the end of the year.
Rising condo prices strain affordability in HCMC
A gradual increase in condominium prices was recorded in HCMC during the first six months of 2024, with prices expected to remain elevated due to limited supply.
Bình Dương proposes $2.55 bln credit to boost social housing projects
Bình Dương will invest in over 160,000 homes, with over 32,000 up for rental.
Abandoned resettlement housing proposed for social housing conversion amid shortage
There are about 13,000 abandoned apartments in Hà Nội and HCM City
Deputy PM demands minimising procedures for social housing projects
The Ministry of Construction (MoC) has been demanded to coordinate with other ministries and sectors to minimise processes and procedures for implementing social housing projects.
PM emphasises need to diversify resources for social housing development
Prime Minister Pham Minh Chinh has emphasised the need to diversify resources for social housing development, from the State, the public, society and financial institutions, in order to provide support for both sellers and buyers.
HCM City eyes social housing rental plans
Among the 36 unfinished social housing projects, six are under construction, and the rest have their legal procedures finished.

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