It covers five components namely (1) assessing current situation of social housing for low-income earners in urban areas and laborers working in industrial parks; (2) having projection of affordable housing need in the 2021-2030 period; (3) completing legal framework on social housing by referring international experiences; (4) completing Law on Housing; (5) improving capacity of public officials working in this segment.
Housing is one of the important issues in Vietnam’s development agenda as stated in the 12th National Congress of the Communist Party of Vietnam since 2016. Accordingly, completing legal framework has been focused to facilitate the participation of all economic sectors, mostly the public-private partnership (PPP) form.
According to the Ministry of Construction, nearly 250 affordable housing projects totaling 5.4 million square meters for low-income earners in urban areas and workers at industrial parks have completed, supplying roughly 104,000 apartments.
There are more than 260 on-going projects providing about 219,000 apartments.
Vietnam’s affordable housing target by 2020 was 12.5 million square meters.