Deputy Prime Minister Tran Hong Ha chaired a meeting to review the draft amendment to the decree on social housing.
On the afternoon of October 10, Deputy Prime Minister Tran Hong Ha chaired a meeting to review the draft amendment to Decree No. 100/2024/NĐ-CP and Decree No. 192/2025/NĐ-CP, which detail the provisions of the Housing Law on the development and management of social housing and pilot mechanisms for social housing development.
Proposal to Increase Social Housing Income Threshold to VND 40 Million/Month for Couples
According to the Ministry of Construction’s report, a key highlight of the draft decree is the amendment allowing developers to pay a fee instead of allocating 20% of land for social housing projects.
This move aims to address existing inefficiencies and ensure transparency, fairness, and proper targeting in social housing programs.
The draft stipulates that the land use fee for the entire project will be determined according to current land laws. The additional payment for the 20% land area will be calculated at 3% per year of the land use fee for this area, based on the approved infrastructure completion schedule.
This regulation prevents businesses from exploiting the fee option and ensures a stable funding source for social housing. The calculation method, tied to infrastructure progress, promotes fairness and prevents budget shortfalls.
Deputy Prime Minister Tran Hong Ha instructed the Ministry of Construction to finalize the draft, review all content, and complete the submission for the Prime Minister’s approval.
The proposed income threshold for social housing eligibility is VND 20 million/month for individuals, VND 40 million/month for couples, and VND 30 million/month for single parents with underage children.
Provincial People’s Committee Chairpersons may adjust these thresholds based on local conditions and income levels.
Unemployed individuals can also access social housing with confirmation from local police based on resident data. This proposal better reflects current income and living standards compared to existing regulations.
The interest rate for social housing loans is set at 5.4% per year. Any changes to this rate require approval from the Prime Minister upon recommendation from relevant agencies.
Transparent Selection of Social Housing Developers
During the meeting, the Ministry of Construction sought input on selecting developers for social housing projects when multiple qualified bidders are involved.
Deputy Prime Minister Tran Hong Ha emphasized the need for a transparent and open bidding process in such cases.
The Ministry of Construction was also instructed to introduce policies supporting multi-generational families and those with three or more children in accessing social housing.
Deputy Prime Minister Tran Hong Ha directed the Ministry of Construction to expedite the draft’s finalization, review all content, and complete the submission for the Prime Minister’s approval.
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The government has recently issued Decree 261, raising the income ceiling for eligibility to purchase or rent social housing to 20 million VND/month for individuals, 40 million VND/month for married couples, and 30 million VND/month for single parents with children. This new regulation is expected to expand access to social housing for millions of middle-income workers in major urban areas.
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