The Government has promulgated Decree No. 302/2025/NĐ-CP, providing detailed regulations on the National Housing Fund and measures to implement the National Assembly's Resolution No. 201/2025/QH15 regarding pilot mechanisms for social housing development.
According to Decree 302, the National Housing Fund serves five primary functions and objectives, with a strong emphasis on rental housing:
First, investing in the construction of social housing projects, including synchronized technical and social infrastructure systems, specifically for rental purposes.
Second, creating social housing by receiving and repurposing public housing assets for rent, in accordance with housing laws.
Third, creating housing stock by purchasing from developers; ordering or receiving transfers from 100% state-owned enterprises; receiving resettlement or temporary housing; and accepting voluntary housing contributions from organizations or individuals for rental use.
Fourth, purchasing commercial housing to rent out to civil servants, public employees, and workers.
Fifth, organizing the management and operation of the housing invested in or created by the Fund.
Regarding the organizational structure, the Decree stipulates that the Government will establish a Central Housing Fund under the Ministry of Construction. At the local level, Provincial People's Committees are responsible for establishing and managing local housing funds.
According to the Ministry of Construction, the Decree aims to boost social housing development and provide low-income earners with access to suitable homes. This initiative is closely aligned with the targets of the project on "Investment and construction of at least one million social housing apartments for low-income earners and industrial park workers in the 2021–2030 period."
Additionally, the National Housing Fund is expected to contribute to balancing supply and demand and adjusting the structure of real estate products. Consequently, this will help lower prices in the commercial housing segment, fostering a more stable and healthy real estate market while creating long-term, sustainable resources for housing development.
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