The Chairman of the Ho Chi Minh City People’s Committee has directed the implementation of Resolution No. 17/2025 issued by the City People’s Council. This resolution outlines incentive and support mechanisms for investors participating in the renovation and reconstruction of apartment buildings within the city.
Ho Chi Minh City is implementing various support measures for old apartment buildings constructed before 1994.
Renovation of Old Apartments in 42 Wards
Accordingly, the Chairman of the Ho Chi Minh City People’s Committee has tasked the Department of Finance with guiding the Department of Construction. The latter is allocated a budget from the city’s regular expenditure funds to execute the mechanisms outlined in Resolution 17/2025.
The People’s Committees of 42 wards with apartment buildings constructed before 1994 are responsible for informing organizations and individuals located in areas with eligible apartments about the renovation and reconstruction initiatives.
The Department of Construction will collaborate with relevant agencies to advise the City People’s Committee on resolving issues for investors involved in apartment renovation projects. This will be done in accordance with the resolution’s scope, eligibility criteria, content, support levels, principles, and methods, ensuring compliance with current laws.
Among the 42 old apartment buildings, 40 are located in Ho Chi Minh City, and 2 are in the former Ba Ria – Vung Tau province (Vung Tau Ward and Tam Thang Ward).
Resolution 17/2025, issued by the Ho Chi Minh City People’s Council on July 24, establishes incentive mechanisms for investors in apartment renovation projects. The city will cover 50% of the costs for external technical infrastructure, such as transportation systems, water supply, drainage, lighting, and waste management, with a maximum support of 10 billion VND per project.
Additionally, the city will cover 50% of the costs for relocating and evicting households as per approved plans.
Support will only be provided after investors complete the infrastructure or relocation work according to the approved schedule. For phased projects, support will be considered based on each phase.
Quality Assessment of Nearly 200 Old Apartment Blocks
Ho Chi Minh City is also conducting quality assessments of old apartment buildings.
Based on reports from districts and wards under the City People’s Committee, the Department of Construction has compiled a list of 156 old apartment buildings (comprising 193 blocks) requiring assessment.
Vinh Hoi Apartment, classified as Grade D, has only seen 12 out of 144 households relocate.
Of these, 57 buildings require new assessments, while 99 need re-assessments. Most of these buildings were assessed between 2016 and 2017, with results indicating Grade C, necessitating re-evaluation.
Buildings assessed as Grade B during the same period will not be re-assessed at this time, as it is not yet necessary.
The Department of Construction has requested that the 30 wards involved submit budget estimates for the assessment and re-assessment of each block by September 12.
Ho Chi Minh City (former) has 474 apartment buildings constructed before 1975. Of these, 462 have been assessed, with 332 classified as Grade B (72%), 114 as Grade C (25%), and 16 as Grade D (3%).
According to the Department of Construction, 9 out of the 16 Grade D buildings have had all 534 households relocated. These include: 128 Hai Ba Trung (94 households), 23 Ly Tu Trong (81 households), 6 bis Nguyen Tat Thanh (26 households), 40/1 Tan Phuoc (78 households), 47 Long Hung (30 households), 170-171 Tan Chau (24 households), 440 Tran Hung Dao (21 households), 155-157 Bui Vien (100 households), and Tan Hoa Dong (80 households).
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