The Government on September 30 issued Resolution No. 303/NQ-CP, assigning social housing and rental housing development targets to localities for the 2026-2030 period.
The resolution states that under the decisive direction of the Government and the Prime Minister, alongside active engagement from ministries, sectors, and localities, social housing development has achieved significant progress. Institutional frameworks and policies have gradually improved, resolving operational bottlenecks, streamlining investment procedures, and ensuring execution progress toward the overarching plan to construct at least 1 million social housing units.
Despite positive preliminary results, current supply remains insufficient, with a market structure heavily skewed toward homeownership, while demand for affordable rental housing among industrial workers remains exceptionally high.
Following directive opinions and strategic orientations issued by General Secretary and President To Lam regarding social housing development, the Government agreed to adjust the targets of the master project on "Investing in the construction of at least 1 million social housing units for low-income earners and industrial park workers during the 2021-2030 period" and assign revised development targets to local authorities for 2026-2030. Specifically, the goal by 2030 is to complete or exceed the target of constructing at least 1 million social housing and rental units.
To effectively realize these targets, the Government requires provincial People's Committees to integrate assigned social housing and rental housing goals into their annual socio-economic development plans. Local authorities must review existing projects under provincial housing development programs to ensure target fulfillment, while urging investors of active construction sites to concentrate resources for completion by 2026.
Additionally, local authorities are instructed to direct project developers to increase the proportion of social housing for rent and lease-purchase, while reducing units designated for outright sale. Localities must approve identified land plots dedicated to social housing and rental developments, ensuring adequate land allocation in convenient locations with synchronized technical and social infrastructure.
Furthermore, mechanisms must be established to encourage capable investors with available clean land - meeting urban planning requirements and infrastructure standards - to propose projects and secure investor selection under current regulations.
Administrative procedures should be streamlined by placing social and rental housing projects into a "green lane" or "priority lane," executing investment, land, planning, construction, and environmental procedures concurrently. Project appraisal, approval, land allocation, and construction permitting times should be minimized to reduce administrative friction to the maximum extent.
On a quarterly or ad hoc basis, localities must review and report implementation progress, difficulties, and operational bottlenecks to the Ministry of Construction for consolidation and submission to the Prime Minister.
Relevant ministries, sectors, and localities are tasked with proactively monitoring, inspecting, and evaluating housing development within their jurisdiction, while strengthening community supervision to ensure projects align with approved plans, meet quality standards, and prevent loss or waste.
In Resolution 303, the Government emphasized five core principles governing social housing and rental housing development:
First, developing social housing and rental housing is a crucial political priority to realize the principle that legal housing is a fundamental right of citizens, ensuring equitable access to safe and affordable housing.
Second, alongside housing for sale, rental housing must be established as a strategic, long-term segment serving the majority of the population, helping guarantee social welfare, public order, labor productivity, and real estate market stability.
Third, priority must be given to rental housing development, particularly rental apartment models with integrated infrastructure in major urban centers, industrial zones, economic zones, transit-oriented development (TOD) areas, dynamic economic regions, and key economic corridors.
Fourth, priority allocation of clean land funds and state budget capital through local housing development funds must be directed toward rental housing projects.
Fifth, housing development should not rely solely on state budget allocations, but must mobilize broader social resources - particularly from large, experienced, and socially responsible real estate enterprises - to participate in social and rental housing delivery.
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