At a conference on rental housing development and investment promotion, hosted by Ho Chi Minh City on June 9, commitments from 13 organizations and enterprises to develop nearly 100,000 rental housing units were announced, signaling strong support from both public and private sectors for the city's affordable housing strategy.
Among state-affiliated organizations, the Ho Chi Minh City Federation of Labor pledged to develop 10,000 rental units, while the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) committed to another 10,000 units. The city's Housing Development Fund (HOF) proposed and committed to building 25,000 units, and Saigon Real Estate Corporation (RESCO) pledged 1,755 units.
Private-sector participation was led by CT Group, which registered plans to develop 20,000 units. Bcons followed with a commitment of 10,000 units. Other major developers joining the initiative include Novaland with 6,000 units, Kim Oanh Group 5,000 units, Vingroup 4,500 units, Thien Phat Investment Construction Production Service Tourism JSC 3,150 units, Duc Manh JSC 2,000 units, Nam Long ADC 1,000 units and Le Thanh Company 800 units.
According to the municipal Department of Construction, Ho Chi Minh City aims to develop more than 181,000 social housing units during the 2026–2030 period, including approximately 50,000 rental units.
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