Vietnam social housing report 2023

LAWS & REGULATIONS

TIMELINE Source: Cushman & Wakefield Vietnam

BEFORE 2005

2005

2011

2014

2023

HOUSING FOR STATE EMPLOYEES

HOUSING LAW 2005

A SIGNIFICANT IMPROVEMENT OF SOCIAL HOUSE

HOUSING LAW AMENDMENT 2014

DEVELOPING SOCIAL HOUSING ON A LARGE SCALE

The concept of social housing was firstly codified

- Targeting to develop one million units of social housing by 2030

No clear definition of social housing. The government only build houses for state employees to buy or lease with incentive.

- National housing development strategy to 2020 and vision to 2030

- Upgrade definition and beneficiaries of social housing

- Support package of VND 120,000 billion

- The first social housing project in Hanoi: CT1 Ngo Thi Nham in Ha Dong District

- Credit package of VND30,000 billion