Prime Minister Pham Minh Chinh, Head of the Central Steering Committee for Housing and Real Estate Market Policies, chaired the 3rd meeting of the Steering Committee – Photo: VGP/Nhat Bac
|
On the morning of November 11th, Prime Minister Pham Minh Chinh, Head of the Central Steering Committee for Housing and Real Estate Market Policies, chaired the 3rd meeting of the Steering Committee.
The meeting was connected online from the Government Office to localities, with attendees including leaders from ministries, central agencies, provinces, cities, representatives of corporations, businesses, and commercial banks.
Expected completion of 91,600 social housing units in 2025
According to reports and opinions at the meeting, in the first 10 months of 2025, the Government and the Prime Minister have focused on directing the implementation of many synchronized solutions to ensure the stability of the real estate market, improve supply, restore investor confidence, and increase liquidity.
The Prime Minister has directly chaired 4 national conferences related to social housing, issued 3 resolutions, 3 directives, and 124 administrative documents related to housing and the real estate market; assigning 58 specific tasks to ministries, sectors, and localities to remove difficulties and obstacles, promoting the development of social housing and a safe, healthy, and sustainable real estate market.
Regarding target completion, the total number of social housing projects completed, started, and approved is 696 projects with a scale of over 637,000 units (60% of the target of the “Investment in Construction of at Least 1 Million Social Housing Units” Project).
Regarding the progress in 2025, nearly 62,000 out of 100,275 units have been completed (reaching 62% of the 2025 target); it is expected that by the end of 2025, the total number of completed units will be nearly 91,600, reaching 91% of the target.
17 out of 34 localities are expected to complete and exceed their assigned targets in 2025, notably Hanoi (102%), Ho Chi Minh City (100%), Hai Phong (101%), Bac Ninh (102%), Nghe An (179%), Quang Ngai (112%), and Dong Nai (110%).
Among ministries and sectors, the Ministry of Public Security has started 8 projects (4,554 units); the Vietnam General Confederation of Labor has started 3 projects (1,700 units). The Ministry of National Defense is about to start 8 projects with a total scale of 6,547 units.
Regarding the implementation results of tasks assigned by the Prime Minister in building, amending, and perfecting regulations related to social housing development, the Ministry of Construction reported that the Government has issued Decree No. 261/2025/ND-CP dated October 10, 2025, amending and supplementing some articles of Decree No. 100/2024/ND-CP and Decree No. 192/2025/ND-CP of the Government on social housing.
Regarding the draft Decree regulating the National Housing Fund and measures to implement Resolution No. 201/2025/QH15 dated May 29, 2025, the Ministry of Construction has finalized the draft and submitted it to the Government.
Regarding the Government’s Resolution on special mechanisms to address difficulties and obstacles due to legal provisions and breakthrough targets for social housing development, it is expected to be submitted to the Government for issuance in November 2025.
Regarding the construction and management of the information system and database on housing and the real estate market, it is expected to submit the draft Decree to the Government in December 2025.
 The Prime Minister emphasizes three important goals in social housing development – Photo: VGP/Nhat Bac
|
Concluding the meeting, Prime Minister Pham Minh Chinh highly appreciated the preparation work of the Ministry of Construction, the Government Office, relevant ministries, sectors, and localities, as well as the practical opinions of delegates, experts, and localities; which clearly pointed out obstacles and limitations, while proposing specific and feasible solutions to promote social housing development.
The Prime Minister emphasized three important goals in social housing development:
First, removing difficulties in procedures and processes, contributing to the development of a transparent, sustainable social housing market and real estate market, both in the short and long term.
Second, ensuring that people can access social housing in the fastest, easiest, cheapest, and most convenient way, without wasting time, effort, or additional costs, and especially without being scammed. “We must discuss, agree, and resolve these existing obstacles and limitations,” the Prime Minister emphasized.
Third, promoting the development of social housing and a safe, healthy, and sustainable real estate market, contributing to macroeconomic stability, inflation control, growth promotion, and ensuring the major balances of the economy, which is also a driving force for rapid and sustainable development.
Reiterating the viewpoints, the Prime Minister stated that social housing development is a major policy and a humane policy of the Party and State, reflecting the progressiveness and fairness of society, ensuring the right to housing for the people, “an cu lac nghiep” (settling down to thrive). Investing in social housing is investing in the development of society and the country.
Social housing should not be located in remote areas, far from the city center, but must have full infrastructure for transportation, electricity, water, telecommunications, social services, healthcare, culture, and education. Social housing development is not only about building high-rise buildings in urban areas but can also include low-rise housing.
“In any province or city, as long as people belonging to the eligible groups have the need, they should be able to access social housing equally and most conveniently. The development of social housing requires the joint efforts of the State, the entire political system, businesses, the people, and the community,” the Prime Minister stated.
Alongside the achieved results, the Prime Minister pointed out difficulties, obstacles, and limitations that need to be addressed, such as the insufficient supply of social housing, which does not meet actual demand; the lack of stable, long-term preferential budgets for both investors and people accessing social housing; the current selling price of social housing is not suitable for the majority of low- and middle-income people. The land fund for social housing development, in general, needs to be improved in quality. Many social housing projects are progressing slowly; some selected investors lack financial capacity and experience. Administrative procedures need to be faster, more streamlined, and the “green channel” should be promoted.
Deputy Minister of Construction Nguyen Van Sinh reports at the meeting – Photo: VGP/Nhat Bac
|
Developing housing projects suitable for people’s budgets
Regarding tasks and solutions for the near future, the Prime Minister requested all ministries, sectors, localities, businesses, investors, and related entities, based on their functions, tasks, and authority, to proactively and actively implement the work to develop social housing according to legal regulations, promptly identify and remove difficulties and obstacles within their authority, and if beyond their authority, report to the competent authority.
Regarding the confirmation of eligible beneficiaries, the Prime Minister directed that those who perform well should be assigned the task, with agencies and units confirming personnel within their management authority, commune and ward police confirming for self-employed workers, reducing pre-checks and increasing post-checks, ensuring the most convenience. Review and unify the declaration form for beneficiaries to make it simple, easy to complete, and submit; both direct and online procedures should be implemented, with online procedures encouraged.
Regarding documents and regulations, as agencies have completed and submitted 3 out of 9 assigned documents for issuance, the Prime Minister requested the Ministry of Construction, the Ministry of Justice, and the Government Office to coordinate and urgently issue or submit for issuance according to their authority, including documents submitted to the National Assembly, to be completed before November 15.
The Prime Minister also encouraged and called on businesses with clean land funds to cooperate with localities to invest in building social housing. In the long term, agencies should develop housing projects suitable for people’s budgets. Diversify capital mobilization sources for social housing and housing in general, with forms of purchase, rental, and rent-to-own; study international experiences.
The Prime Minister called on related entities, including businesses and banks, to promote national spirit and solidarity in social housing development, considering it a noble and humane task, to ensure that no one is left behind in equal access to housing.
Directing specific tasks, the Prime Minister requested the Ministry of Construction to continue researching, reviewing, and perfecting legal documents to remove difficulties and obstacles arising in practice, including studying the development of a unified procedure and process for investing in social housing construction nationwide (from planning, land clearance, land allocation, investment procedures, construction…) to shorten the preparation time for social housing construction investment to no more than 6 months.
The Ministry of Construction should coordinate with the Ministries of Finance, Agriculture and Rural Development, relevant agencies, and localities to work with reputable real estate businesses, corporations, and groups to propose using their clean land funds for social housing projects nationwide.
The Ministry of Construction is also tasked with urgently coordinating to complete the establishment dossier for the “Real Estate and Land Use Rights Transaction Center” managed by the State to enhance transparency and publicity. Simplify conditions and procedures for the VND 145,000 billion credit package by removing the condition that investors must have projects listed by the Provincial People’s Committee. Organize specialized inspections and propose competent authorities to strictly handle cases of violations or exploitation of lenient policies for profit.
The State Bank of Vietnam should urge the promotion of disbursement for the VND 145,000 billion credit program for social housing and worker housing with more favorable and accessible conditions. Enhance the effective implementation of credit packages supporting social housing policies, preferential loan programs for young people under 35 buying commercial housing for the first time and social housing with suitable interest rates and terms. Implement flexible, proactive, and effective monetary policy management, with mechanisms and solutions to closely control credit flow into real estate for cases showing signs of “speculation,” “price inflation,” or “price manipulation.”
The Ministries of National Defense and Public Security should urgently implement social housing projects. The Ministry of Public Security should direct commune-level police to confirm income conditions for low-income urban workers without labor contracts based on the population database within 7 days; investigate and handle cases of illegal brokerage, fraud, and manipulation of social housing purchase dossiers.
The Ministry of Industry and Trade, in coordination with the Ministry of Construction, should review, study, and propose competent authorities to abolish the provision in the Law on Consumer Rights Protection requiring businesses to register sales contracts through the Department of Industry and Trade, then seek opinions from the Department of Construction (causing barriers and difficulties for businesses). Agencies should consider assigning the Department of Construction as the focal point for receiving, guiding, and managing contract templates or switching to a “post-check” mechanism to simplify procedures and facilitate businesses.
Localities should focus on completing the 2025 social housing targets assigned by the Prime Minister with the spirit of “only moving forward, not backward.” They are fully responsible to the Government and the Prime Minister for the results of implementing social housing development policies in their areas. Localities that have not completed their targets must have plans to do so.
Localities must strictly implement regulations on allocating land for worker dormitories in industrial zones and 20% of land in commercial housing projects for social housing development.
Localities should immediately cut and reform cumbersome administrative procedures; implement administrative procedures in parallel; shorten the time for project appraisal, approval, land allocation, and construction permits. Prioritize the “green channel” for administrative procedures related to social housing investment and construction projects.
Regarding transparency and violation handling, the Prime Minister requested leaders at all levels, those “close to the people, for the people,” to focus on implementing “5 guarantees”: Ensuring timely rectification and strengthening discipline and transparency in the approval, purchase, sale, rental, and rent-to-own processes of social housing; ensuring inspection, examination, and prevention of negativity and exploitation of policies for profit, distorting the humane goals of the policy; ensuring fairness, correct targeting, and policy objectives, with prices calculated correctly, fully, and timely; ensuring coordination with functional agencies to strictly handle acts of illegal brokerage, “running slots,” and “middlemen”; ensuring that businesses with clean land funds are provided with the most favorable conditions to contribute and cooperate with the State in social housing development.
The Prime Minister requested social housing project investors to strictly follow the procedures and processes for selling social housing; ensure public and transparent project information disclosure; ensure projects reach the right beneficiaries, preventing violations and negativity; apply digital solutions to facilitate people, reduce crowds, and avoid overloading dossiers, causing public frustration; organize implementation and control the quality of social housing projects, ensuring progress, pricing, and beneficiary compliance with regulations; optimize investment activities to reduce construction costs while maintaining standards and essential infrastructure and utilities.
Businesses should proactively coordinate with the Ministry of Construction and localities to study and propose investment in social housing projects using their clean land funds.
Media agencies should allocate appropriate time for policy communication, including social housing policies, to help people understand and create high consensus in society.
– 14:15 11/11/2025
Prime Minister Demands Ministry of Construction Clarify Causes of Delayed Social Housing Projects
Regarding the progress of social housing projects, the Prime Minister has requested the Ministry of Construction to provide a detailed report on the current delays in investment procedures and construction processes. The report should clarify the sequence of steps, identify the causes of bottlenecks, and address any obstacles hindering the timely implementation of these projects.
Accelerating Public Investment Disbursement in the Final Two Months of the Year: Ministry of Construction’s Urgent Call to Action
With a public investment capital disbursement rate of only 51% after 10 months, Minister of Construction Tran Hong Minh has urged project investors to allocate professional personnel to address documentation bottlenecks, ensure efficient project settlement, and accelerate public investment capital disbursement.
Peak Secondary Apartment Transactions in Hanoi: Highest in Two Years
In Q3/2025, Hanoi’s secondary apartment market recorded 10,700 transactions, marking a 14% year-on-year increase and reaching its highest level in two years.
Proposed Fine of VND 160 Million for Selling or Renting Social Housing to Ineligible Individuals
The Ministry of Construction has proposed hefty fines ranging from 120 to 160 million VND for the illegal sale, lease, or lease-purchase of social housing to ineligible individuals, as per regulatory guidelines.
“Low-Income Families Face Decade-Long Struggle to Afford $65,000 Social Housing Units”
At approximately 1.5 billion VND for a 60m² social housing unit, even households with the maximum combined income according to eligibility criteria would need to save for about 10 years to afford such a home.
