Vietnam sets target of 899,857 social, rental housing apartments for 2026–2030
The Vietnamese Government issued Resolution 303/NQ-CP on September 30 assigning target figures for social and rental housing development to localities for the 2026–2030 period, setting a total national goal of 899,857 apartments. Ho Chi Minh City fast-tracks social housing projects to meet 2030 target US$5.5 billion social housing credit package stalls amid supply shortage HCMC plans to convert…
On September 30, the Vietnamese Government issued Resolution 303/NQ-CP, setting ambitious targets for social and rental housing development across the country from 2026 to 2030. The resolution aims to construct 899,857 social and rental housing apartments nationwide, with specific targets allocated to major cities and provinces.
Hanoi is tasked with building 84,000 apartments, while Ho Chi Minh City (HCMC) is allocated 181,257 homes. Other cities, including Hai Phong, Hue, Da Nang, Can Tho, and Dong Nai, have been assigned targets ranging from 26,279 to 60,054 apartments each.
Local people's committees are required to incorporate these assigned targets into their annual socio-economic development plans. They must also direct investors in social housing projects to prioritize the creation of apartments for lease and lease-purchase, while reducing the number of apartments sold outright.
The resolution underscores that developing social and rental housing is a vital political task to realize the principle that legal shelter is a basic right for all citizens. It emphasizes the need to provide safe housing that meets residents' financial capacities, ensuring social welfare, public order, and labor productivity.
The Vietnamese Government prioritizes the development of rental housing, particularly rental apartment models with synchronized infrastructure in key areas such as major cities, industrial zones, economic zones, transit-oriented development regions, key dynamic areas, and important economic corridors. The government aims to complete or surpass the goal of constructing at least 1 million social and rental housing apartments for low-income earners and industrial park workers by 2030.
This target builds upon the previous "Investing in the Construction of at Least One Million Social Housing Units for Low-Income Earners and Industrial Park Workers in the 2021-2030 period" project, which has been revised based on the directives issued by General Secretary and President To Lam.
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