More than 264,000 out of 277,000 substandard homes have been rebuilt or repaired nationwide.

Prime Minister Pham Minh Chinh has ordered completion of temporary and dilapidated housing removal for people with meritorious services, war invalids, and relatives of martyrs ahead of July 27.

Authorities credit the success to wide-ranging cooperation among government bodies, mass organisations, communities, and beneficiaries themselves. The programme continues to reflect the country’s commitment to “leaving no one behind”.

The suggested price of a social housing project in Hanoi, reaching VND26-27 million/sq m, has heightened concerns for residents seeking affordable homes.

44 out of 63 localities report zero makeshift or dilapidated homes, marking a major social progress.

Following the merger of provinces and cities, for residents who already own a home, the provincial People’s Committee will specify conditions for purchasing social housing based on the distance and travel time from their home to workplace.

Originating from a deeply humanitarian policy of the Party and the State, the program to do away with makeshift and dilapidated houses is gradually turning the dream of stable housing and livelihoods into reality for poor citizens.

Banks are also being instructed to rigorously inspect loans involving real estate collateral.

By June 7, authorities across the country had supported the repair or construction of 205,115 houses for disadvantaged households. Of these, 147,261 homes have been completed, while 57,854 are under construction.

The developer of the Thuong Thanh social housing project in Long Bien District, Hanoi, is using online registration with technology that enables the handling of thousands of application submissions.

Nine commercial banks in Vietnam have committed to offering preferential loans for young people under 35 to purchase social housing, with a fixed interest rate of 6.1% per annum applied through June 30, 2025.

The real estate market in the 2021-2023 period faced numerous challenges, including a supply shortage, imbalanced product structure, and a shortage of social housing and homes for low- and middle-income earners.

Thousands of unused units on prime land may be repurposed to solve housing needs.

Owning social housing remains only a dream for low-income earners. With a monthly average income of around VND10 million, accessing a home is out of reach for most.

Five years after its completion, the commercial housing project for resettlement in the X2 area in Hanoi has only a few residents.

Lawmakers are examining a draft resolution on piloting several mechanisms and policies to accelerate the construction of the affordable houses while creating more favourable investment conditions for private enterprises entering the segment.

NA Chairman Tran Thanh Man stressed that social housing has become an increasingly urgent issue, especially in urban areas and industrial zones.

PM Pham Minh Chinh has asked ministries, agencies and localities to take bold, focused and effective actions to achieve the goal of basically wiping out makeshift and run-down houses nationwide by October 31, two months ahead of the initial target.

From now to the end of 2025, several social housing projects in Hanoi are expected to be eligible for sale and will accept applications for purchase and rent-to-own, with prices of VND18-25 million per sq m.