Post by : Meena Ariff

Prime Minister Phạm Minh Chính highlighted the vital role of housing development in advancing social welfare, boosting economic growth, stabilizing the labor market, and promoting sustainable development. During the 5th meeting of the Central Steering Committee on Housing Policy and the Real Estate Market, held in Hà Nội and connected online to 34 provinces and cities, he underscored that housing is a fundamental right and an essential need for every citizen.

The Prime Minister commended the government's recent efforts, particularly in 2025, noting the completion of over 102,000 social housing units last year as progress toward the target of one million units by 2028. The government has also accelerated the clearance of temporary and unsafe houses and provided housing for those who contributed to the revolution ahead of schedule. Additionally, urgent repair and reconstruction work for homes damaged by natural disasters is expected to finish by mid-January.

Recognizing the dedication of various ministries and local agencies, including the Ministry of Construction, Ministry of National Defence, Ministry of Public Security, and the Vietnam Fatherland Front, the Prime Minister emphasized that these accomplishments reflect the humanitarian spirit and strengths of the country’s political system. These efforts help ensure social security, stabilize the lives of residents—especially low-income families and workers—and foster a safe, healthy, and fair real estate market.

He observed that housing demand is shifting from outright ownership toward rental and rent-to-own options that better suit affordability, employment patterns, and labor mobility. Social housing policies need to focus on sustainable restructuring rather than just increasing the quantity, ensuring that everyone has access to safe housing tailored to their specific needs.

PM Chính stressed that rental social housing is a critical, long-term priority that must not be handled in a piecemeal or campaign-like manner. The meeting sought to align strategies, review progress, discuss financing support, and set rental housing targets for 2026 and beyond, particularly in urban centers and industrial zones.

He called for clearly defined roles and responsibilities, accelerated administrative reforms, and giving social housing projects priority through “green channels” to speed up implementation.

The Ministry of Construction, as the committee’s standing body, reported continued focus on housing policies in 2025, including government resolutions and decrees to support social housing development and enhance real estate market management. Guidance has been issued regarding eligibility and preferential loans for social housing, military housing, worker accommodations, and apartment building renovations.

Moreover, ministries have proposed creating a state-run real estate exchange, updating housing regulations, and resolving legal obstacles in social housing development. Initiatives also include promoting a national housing fund, simplifying procedures for businesses, and identifying rental housing demand and targets for coming years.

Local Steering Committees on housing policy and the real estate market have been strengthened to improve coordination and execution across all levels.

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