HCMC – The Vietnamese Government will prioritize the development of rental housing, particularly apartment projects in major cities, industrial parks and key economic regions, while requiring local authorities to prepare cleared land and supporting infrastructure to attract private investment.
The policy direction was outlined in Decision 1115/QD-TTg, recently signed by Permanent Deputy Prime Minister Pham Gia Tuc, to implement conclusions issued by Party General Secretary and State President To Lam on social housing and future housing development.
The plan aims to ensure access to affordable and legal housing for residents through nine groups of measures. Authorities will study special mechanisms on land, credit, finance and taxation for inclusion in revised housing and real estate laws, which are expected to be submitted to the National Assembly in October 2026.
The Government will also streamline housing development procedures under a one-stop mechanism and expand the use of digital technologies to improve transparency and prevent speculation or abuse of preferential policies.
Rental housing, especially apartment complexes, has been designated a long-term strategic segment as Vietnam seeks to address persistent supply shortages in social and affordable housing. The policy marks a shift from encouraging homeownership to ensuring access to housing through leasing options, reflecting changing labor mobility patterns and the need for more flexible housing solutions.
Local governments have been instructed to proactively clear sites and prepare land banks integrated with transport networks and essential public services before seeking investors. The approach is intended to reduce legal risks and accelerate project implementation.
Authorities also plan to incorporate housing targets into land-use and public transport planning to avoid isolated developments lacking schools, healthcare facilities and other amenities, a problem that has left some social housing projects underutilized.
The Government expects public investment in land clearance and infrastructure to play a catalytic role in attracting long-term private capital into the rental housing market, laying the groundwork for sustainable housing for the country’s workforce.
