Prime Minister: Breakthrough in developing social housing suitable for each locality, with full infrastructure and balanced supply and demand

On the morning of 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.

Prime Minister Pham Minh Chinh delivers the concluding speech at the second meeting of the Central Steering Committee on housing policy and real estate market - Photo: VGP/Nhat Bac

Attending the meeting were Deputy Prime Minister Tran Hong Ha, Deputy Head of the Steering Committee; Minister of Construction Tran Hong Minh, Minister of Justice Nguyen Hai Ninh, Governor of the State Bank Nguyen Thi Hong; leaders of ministries, central agencies, 34 provinces and cities, representatives of corporations, enterprises and commercial banks.

The meeting evaluated the results of task implementation in the first 10 months of the year, reviewed the implementation of tasks assigned by the Prime Minister at the first meeting on September 22, and set out key tasks for the Steering Committee's activities in the last months of 2025 and in the coming time.

Officially raising the income ceiling to be considered for buying or leasing social housing

According to reports and opinions at the meeting, recently, the Government and the Prime Minister have resolutely directed the implementation of many synchronous solutions to remove difficulties, promptly promote investment projects, increase the supply of housing and real estate products in all segments, especially the segment of affordable housing and social housing; strengthen control and rectify land management and use, land valuation and auction, promptly handle cases of manipulation, price hikes and speculation, in order to stabilize the real estate market with more synchronous institutions, more preferential policies and mechanisms, more convenient administrative procedures, create a larger supply of housing, with more reasonable segments and lower prices, thereby ensuring the right to housing of the people.

Since the beginning of 2025, the Prime Minister has directly chaired 4 national conferences related to social housing, issued 3 resolutions, 3 telegrams, 124 directives related to the housing sector and the real estate market, in which 58 specific tasks were assigned to ministries, branches and localities to remove difficulties and obstacles to promote the development of social housing and develop a safe, healthy and sustainable real estate market.

The Prime Minister noted that housing development must be multi-segmented, including high-end, middle-income, and low-income, ensuring harmonious development, with no too great difference in essential infrastructure (transportation, electricity, water, telecommunications), and social infrastructure (education, healthcare, sports, culture, etc.) - Photo: VGP/Nhat Bac

Most recently, regarding mechanisms and policies, 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 20 million VND/month for individuals, 40 million VND/month for couples and 30 million VND/month for single individuals raising children under the age of majority.

As a result, many ministries, branches and localities have done well in developing social housing under the direction of the Government and the Prime Minister.

In the first 9 months of 2025, the whole country is investing in the construction of 132,616 units, starting 73 new projects with a scale of 57,815 units. 50,687/100,275 units have been completed (reaching 50.5%), it is expected that by the end of 2025, an additional 38,600 units will be completed (total of 89,007/100,275 units, reaching 89%).

The Ministry of Public Security has started construction on six housing projects for the People's Armed Forces with a total of 4,220 units. The Ministry of National Defense plans to start construction on eight housing projects for the Armed Forces with a total of 6,547 units.

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

Deputy Prime Minister Tran Hong Ha speaks - Photo: VGP/Nhat Bac

In addition, delegates said that the management and development of the real estate market in general and the development of social housing in particular still face many difficulties, obstacles and limitations. Notably, some legal regulations, mechanisms and policies on the development of the real estate market and social housing have not been amended or supplemented to suit the actual situation; the supply of social housing is still lacking and has not met actual needs; the land fund of localities for social housing development in general still has limitations; many social housing projects are slow to be implemented; housing prices in large cities still exceed the affordability of the majority of people, and there is still a situation of pushing up prices, creating high prices, virtual prices, causing confusion in market information for profiteering; the operation and trading floors of real estate are not unified, still have potential risks and lack transparency; information on housing and the real estate market is not complete, timely and lacks transparency.

In addition, the target of completing 100,000 social housing units by 2025 is a big challenge. In addition to 22/34 localities expected to achieve and exceed the assigned social housing target, there are also 8/34 localities that have difficulty completing the assigned target.

Minister of Construction Tran Hong Minh speaks - Photo: VGP/Nhat Bac

Developing commercial housing while making a breakthrough in promoting social housing

In his concluding remarks, Prime Minister Pham Minh Chinh highly appreciated the preparations of the Ministry of Construction, the Government Office and the responsible, profound and realistic speeches of the delegates, which frankly pointed out the shortcomings, limitations, difficulties, and problems and proposed tasks and solutions to continue removing "bottlenecks" to create breakthroughs in social housing development.

The Prime Minister assigned the Ministry of Construction to preside over and coordinate with the Government Office to fully absorb valid opinions, complete and submit appropriate documents for promulgation to unify implementation quickly and effectively, meeting practical requirements and in accordance with regulations of the Party and State.

Summarizing the tasks that have been actively and effectively implemented in the past time, while there are still shortcomings and limitations, the Prime Minister emphasized that this is a humane policy but must be in accordance with regulations. If there is a lack of mechanisms and policies, it must be proposed to competent authorities; along with that, it is necessary to comply with market rules, contributing to promoting the healthy and sustainable development of the real estate market, economic development, ensuring social security, political stability, social order and safety, rapid and sustainable development of the country, improving the spiritual and material life of the people.

At the same time, the development of the real estate market and the implementation of social housing policies are closely related and promote each other. It is necessary to develop suitable commercial housing in accordance with laws and regulations, while also having breakthrough policies to develop social housing.

Minister of Justice Nguyen Hai Ninh speaks - Photo: VGP/Nhat Bac

Opinions at the meeting showed that all localities have a need for social housing, including mountainous provinces, border areas, remote areas, with military forces, police, and teachers, many of whom still lack accommodation.

According to the Prime Minister, it is necessary to determine that social housing is not only high-rise buildings but can also be low-rise buildings; social housing is not located in "the middle of nowhere" or "leftover land" but must have adequate infrastructure for transportation, electricity, water, telecommunications, social, health, cultural and educational facilities. The Prime Minister emphasized that "there is no province without demand", the problem is to have a way to do it, housing suitable to the conditions and circumstances of each locality and region and balance supply and demand.

Regarding the main tasks and solutions in the coming time, the Prime Minister requested the Ministry of Construction to preside over and coordinate with agencies to continue reviewing and perfecting institutions in the direction of removing difficulties and obstacles. If the problem is in the law, submit it to the National Assembly to issue appropriate documents at the upcoming session; if it is in the decree, the Government will resolve it; and ministries and branches will issue appropriate guiding circulars.

The second group of tasks and solutions is that planning must be stable and long-term, not disrupting existing planning; localities must be proactive in land allocation, implementing land procedures, and removing obstacles within their authority. If they exceed their authority or lack policies, they must continue to propose.

The Prime Minister noted that housing development must be multi-segmented, including high-end, middle-income, and low-income, ensuring harmonious development, with no too great disparity in essential infrastructure (transportation, electricity, water, telecommunications), and social infrastructure (education, healthcare, sports, culture, etc.).

Delegates attending the meeting - Photo: VGP/Nhat Bac

The third group of solutions, the Prime Minister emphasized, must diversify resources, including State support (both central and local); credit capital; bond issuance; private resources...

The Prime Minister also requested to promote decentralization and delegation of power along with appropriate resource allocation, improve implementation capacity, strengthen inspection and supervision, cut procedures, and reduce input costs; at the same time, the law stipulates that localities must actively and proactively issue policies suitable to local conditions on the basis of the central government's general policy and be responsible for this issue.

The Prime Minister asked businesses to 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.

Along with that, the Prime Minister requested to continue to improve technology, information systems, databases, and regulations related to management and supervision of brokerage activities, real estate trading floor operations, and the establishment of real estate trading centers and land use rights managed by the State in a public, transparent, appropriate, effective, and competent manner, inheriting and promoting good work and continuing to supplement it for greater efficiency.

Localities attend the online meeting - Photo: VGP/Nhat Bac

Noting a number of specific tasks and solutions, the Prime Minister stated that up to now, mechanisms and policies have been relatively good, and localities must continue to be proactive and implement them more effectively.

The Prime Minister directed the Ministry of Construction to continue issuing detailed circulars after the Government issued Decree 261/2025/ND-CP 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, principles, and a spirit that does not limit any province or any enterprise, so that localities can assign tasks to enterprises to carry out social housing construction; request enterprises to be proactive, volunteer to take on tasks, promote responsibility to the people, especially those with low incomes, vulnerable groups, and those who need help from the community and enterprises; have a mechanism to monitor, fight corruption, negativity, group interests, and prevent policy profiteering.

The Prime Minister assigned the Ministry of Construction to urgently submit a Decree detailing the National Housing Fund. He said it is necessary to study a more comprehensive and inclusive policy; expand the scope of subjects and be more flexible, including those of officials affected by the apparatus arrangement; and have preferential policies for renting and hire-purchasing that are favorable and flexible.

Regarding the proposal to support people in remote areas, the Prime Minister said it is necessary to study and integrate related policies in implementing national target programs to avoid overlap.

The Prime Minister directed the State Bank of Vietnam to speed up the disbursement of the VND145 trillion credit program for social housing and worker housing in a more convenient, accessible, and manageable manner, while controlling speculative real estate credit that causes a real estate bubble. Banks continue to cut costs and apply technology to reduce lending rates for both investors and homebuyers.

The Prime Minister suggested promoting policy communication so that people can understand, follow, encourage, and replicate advanced examples, good models, and effective and creative practices.

Source: https://baolamdong.vn/thu-tuong-dot-pha-phat-trien-nha-o-xa-hoi-phu-hop-tung-dia-phuong-day-du-ha-tang-va-can-doi-cung-cau-395451.html