On November 11th, Prime Minister Pham Minh Chinh, Head of the Central Steering Committee for Housing Policy and Real Estate Market, chaired the Committee’s 3rd meeting.
Prime Minister Pham Minh Chinh, Head of the Central Steering Committee for Housing Policy and Real Estate Market, chaired the Committee’s 3rd meeting – Photo: VGP/Nhat Bac
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This marks the second consecutive meeting, following the October 11th session, where the Committee focused on breakthrough developments in social housing.
The meeting was attended online from the Government Office by leaders of ministries, central agencies, provinces, cities, representatives of corporations, businesses, and commercial banks.
In his opening remarks, Prime Minister Pham Minh Chinh emphasized the Party and State’s commitment to progress, social equity, and continuous improvement of people’s lives. He stressed that social equity and well-being should not be sacrificed for mere growth, and ensuring citizens’ right to housing is paramount. Housing development is a crucial pillar of social welfare policy and socio-economic growth.
As we accelerate efforts to meet 2025 and term goals, the real estate market is a vital capital mobilization and allocation channel. Its ripple effect across industries drives growth and sustainable national development.
The Party, State, National Assembly, and Government have been addressing institutional, legal, capital, land, and administrative hurdles for projects. Social housing supply, especially for low-income earners, workers, and laborers, has improved. We view “investing in social housing as investing in societal and national development”—a key 2025-2030 focus and a “dual lever” for housing, welfare, growth, and job creation.
Since the term began, the Government and Prime Minister have issued 22 resolutions, 16 directives, and numerous telegrams on real estate and social housing, yielding positive results.
Under the 1 Million Social Housing Units Scheme, 696 projects with over 637,000 units are underway, with 128,600 completed. In 2025, 123,000 units are under construction, and nearly 62,000 are completed.
Prime Minister: Immediately address negative behaviors and profiteering in social housing – Photo: VGP/Nhat Bac
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However, challenges persist in the real estate market. Housing prices, especially in Hanoi, Ho Chi Minh City, and Da Nang, remain high relative to incomes. Some social housing projects are delayed despite National Assembly Resolution 201 and Government Decree 192. The 20% land allocation for social housing in commercial projects is not strictly enforced.
The Prime Minister highlighted local shortcomings in approving social housing beneficiaries, with corruption causing public outrage. He demanded transparency and urged ministries, agencies, and localities to tighten control, with the Ministry of Public Security tackling violations to uphold this humane policy.
The Prime Minister asked the Ministry of Construction to report on task progress, identifying achievements, delays, responsibilities, and solutions. He questioned the slow approval process for social housing projects and suggested a unified national procedure to cut preparation time by 3-6 months.
Regarding clean land allocation, while localities are proactive, few major companies use their land for social housing. The Prime Minister called for policies to encourage corporate participation, urging businesses to uphold national spirit and social responsibility.
To enhance transparency and combat corruption, profiteering, and speculation in social housing, the Ministry of Construction drafted a Prime Ministerial Directive. The Prime Minister sought specific feedback on this draft.
On social housing credit policy, he requested the State Bank report on the VND 145 trillion credit package’s disbursement, including achievements, challenges, and solutions.
The Prime Minister urged attendees to act responsibly, creatively, and decisively, with concise, focused remarks following the “6 Clears” principle: Clear person, task, responsibility, timeline, authority, and outcome. He emphasized honesty and problem-solving for tangible results, stating, “The State creates, businesses lead, public-private sectors collaborate for a healthy, sustainable real estate market, macroeconomic stability, social welfare, and national prosperity.”
– 09:55 11/11/2025
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