Officially raising the income ceiling for buying social housing, the Prime Minister requested specific instructions.

It is necessary to supervise brokerage activities, real estate trading floor operations, establish real estate trading centers and land use rights managed by the State in a public and transparent manner.

Prime Minister Pham Minh Chinh - Photo: VGP

On October 11, Prime Minister Pham Minh Chinh, head of the Central Steering Committee on housing policy and real estate market, chaired the second meeting of the Steering Committee, focusing on discussing breakthrough development of social housing.

New regulations raise income ceiling for considering buying or leasing social housing

Reports and opinions at the meeting showed that the Government and the Prime Minister have issued many resolutions, telegrams, and directives to remove difficulties and obstacles to promote the development of social housing and develop a safe, healthy, and sustainable real estate market.

Notably, on October 10, the Government issued Decree 261 amending and supplementing decrees on social housing, which raised the income ceiling for consideration to purchase or hire-purchase social housing to VND20 million/month for individuals, VND40 million/month for couples and VND30 million/month for single individuals raising children under the age of majority.

According to the report of the Ministry of Construction, 16 localities are expected to achieve and exceed the assigned targets, including: Hanoi, Ho Chi Minh City, Da Nang, Hue, Bac Ninh, Hai Phong, Ninh Binh, Dong Nai, Hung Yen, Nghe An, Quang Ninh, Thai Nguyen, Ca Mau, Quang Tri, Quang Ngai, Tuyen Quang.

Seven localities including Phu Tho, Thanh Hoa, Can Tho, Lao Cai, Khanh Hoa, Tay Ninh, and An Giang are likely to complete the target.

In conclusion, Prime Minister Pham Minh Chinh requested to continue reviewing and perfecting the institutions, planning must be stable, long-term, and not disrupt the plans that have been made. Localities must be proactive in land allocation, implementing land procedures, and removing obstacles within their authority. If they are beyond their authority or lack policies, they must continue to propose.

Housing development must be multi-segmented including: high-end, medium-income, low-income, ensuring harmonious development, not too disparate in essential infrastructure (transportation, electricity, water, telecommunications), social infrastructure (education, health care, sports, culture...).

Real estate trading floor operation

In addition to promoting decentralization and delegation of power along with appropriate resource allocation, according to the Prime Minister, it is necessary to improve enforcement capacity, strengthen inspection and supervision, cut down on procedures, and reduce input costs.

He suggested that businesses cut costs and unnecessary spending to make social housing prices more suitable and acceptable; harmonize the interests of the State, people and businesses; and share risks together.

In particular, it is necessary to supervise brokerage activities, real estate trading floor operations, the establishment of real estate trading centers and land use rights managed by the State in a public, transparent, appropriate, effective and competent manner.

Regarding specific tasks, he directed the Ministry of Construction to continue issuing detailed circulars after the Government issued Decree 261 to provide more specific guidance, such as on the time limit for carrying out procedures for social housing projects.

Along with that, the Government will issue appropriate documents, develop criteria and principles for localities to assign tasks to enterprises to carry out social housing construction; have a mechanism to monitor, fight corruption, negativity, group interests, and prevent policy profiteering.

The Ministry of Construction urgently submitted a Decree detailing the National Housing Fund. The Prime Minister said that it is necessary to expand the scope of subjects and be more flexible, including subjects of officials affected by the apparatus arrangement; and have preferential policies for renting and leasing that are favorable and flexible.

The Prime Minister directed the State Bank of Vietnam to urge and promote the disbursement of the VND145,000 billion credit program for loans for social housing and workers' housing in a more favorable and accessible direction.

The head of the Government also noted the need to control speculative real estate credit, which has caused a real estate bubble. Banks continue to cut costs and apply technology to reduce lending rates for both investors and homebuyers, as requested by the Prime Minister.

Back to topic

NGOC AN

Source: https://tuoitre.vn/chinh-thuc-nang-tran-thu-nhap-mua-nha-o-xa-hoi-thu-tuong-yeu-cau-huong-dan-cu-the-20251011152903254.htm