HCMC – New regulations in HCMC now restrict short-term rentals in apartment buildings, allowing only mixed-use properties designated for tourism to operate as short-stay accommodations.
Residential apartment buildings can only be leased for long-term living, effectively barring platforms like Airbnb from operating in these spaces, reported the local media.
The HCMC People’s Committee introduced these rules as part of a broader effort to manage apartment use, aligning with Vietnam’s 2023 Housing Law. The policy applies to residential and mixed-use buildings but does not cover social housing for students and workers.
Businesses and individuals renting apartments for tourism must meet industry requirements, register with authorities, and ensure guests comply with temporary residence rules. While lease agreements are mandatory, notarization is not required. Building management is responsible for enforcing security measures, and landlords and tenants will be held accountable for any misuse.
The new regulations also establish clear distinctions between shared and private spaces. Parking areas must be clearly designated for residents, with separate sections for private vehicles, public parking, and general use. Ownership rights will be determined by legal agreements.
Commercial use of common areas must receive resident approval through an assembly vote, which will determine services, rental conditions, and fees. Revenue generated from leasing these spaces will be allocated to the building’s maintenance fund.
The Department of Construction will oversee compliance, conduct inspections, and classify buildings based on their intended use. It will also assess structural conditions and propose redevelopment plans when necessary, subject to Government approval.
