Hanoi (VNA) – The Ministry of Construction (MoC) has been demanded to coordinate with other ministries and sectors to minimise processes and procedures for implementing social housing projects.
This is among the requests Deputy Prime Minister Tran Hong Ha made while speaking at a hybrid national conference on May 27 that discussed the draft decree on social housing development and management.
He underlined the importance of building the decrees detailing the realisation of the 2024 Land Law, the 2023 Law on Housing, and the 2023 Law on Real Estate Business, noting that they are related to people, enterprises, as well as State management at both central and local levels.
Given this, ministries, sectors, localities, experts, and business associations should give opinions to perfect the drafts so that once the decrees are issued, no bottlenecks or difficulties will appear during the implementation of the three laws, he added.
Talking about certain issues, Ha asked the MoC to work with the Ministry of Finance and the State Bank of Vietnam to devise a mechanism for mobilising and using resources for social housing development in a consistent manner. In this mechanism, the State should play the main role while funding should also come from investors of commercial housing projects and other social sources so that commercial banks do not have to bear all the financial burden when engaging in the preferential credit package for social housing.
The Deputy PM also assigned the MoC to coordinate with other ministries and sectors to simplify the criteria for recognising beneficiaries of social housing, along with the conditions for renting and buying this type of housing.
The MoC also needs to encourage private businesses to invest in social housing, develop a mechanism for post-construction inspection of such projects, and supplement the regulations on diverting land or projects for resettlement into social housing ones, according to the official.
The MoC reported that the draft decree on social housing development and management consists of seven chapters with 78 articles that give detailed guidance on 18 contents related to the social housing policy in the 2023 Law on Housing.
It inherits the current regulations that are still implemented effectively while institutionalising new and breakthrough policies to address recent obstacles to the assistance for social housing development./.
See more
Party Chief receives Vice Chairman of China’s Luxshare-ICT Group
Party General Secretary To Lam affirmed that the Party and State consistently welcome foreign enterprises to invest and succeed in Vietnam, pledging equal treatment for all investors and continued efforts to improve the business environment towards greater fairness, transparency and convenience.
Vietnam, US push forward trade talks, agricultural imports
US Congressman Adrian Smith expressed his belief that Vietnam and the US would soon conclude reciprocal trade negotiations and that the agreement would generate meaningful benefits for bilateral economic and trade cooperation
Vietnam Online Shopping Day – Online Friday 2025 opens
Vietnam Online Shopping Day – Online Friday 2025 is not only the biggest online shopping event of the year, but also spreads the message of smart, responsible and sustainable consumption, contributing to promoting the strong development of Vietnam's digital economy in the new era.
Ethnic woman grows cashew cooperative's international success
With strong support from local authorities, Khui persuaded 165 farming households to adopt organic cultivation practices. The cooperative now oversees a raw material area of 1,000 hectares, establishing a solid foundation for large-scale organic production.
Prudential Vietnam’s CEO: ‘Long-term capital will define Vietnam’s economic momentum’
Cocoa to cash: How two 32-year-olds build a global chocolate dream
The brand has just secured a three-star provincial rating under Vietnam’s “One Commune, One Product” initiative.
PV GAS races toward 2025 targets, aims for strong 2026 growth
Petrovietnam Gas JSC (PV GAS) is making steady progress in the final stretch of 2025, achieving positive production and business results while setting ambitious growth targets for 2026 and the 2026–2030 period.
HCM City to break ground on 1.8-billion-USD Metro Line 2 in early 2026
HCM City plans to break ground on Metro Line 2 in January 2026 after securing new fast-track approvals for the project. The 11-km line is expected to take nearly five years to build and enter service around 2030.
Vietnam sees ample room to expand trade, investment in ASEAN
ASEAN remains a strategic market with substantial potential for Vietnamese businesses, which must strengthen integration capacity, optimise FTA benefits and prepare for new agreements.
“Golden time” for Vietnam to begin low-altitude economy
The low-altitude economy refers to economic activities conducted below 1,000 metres, extendable up to 5,000 metres depending on a country’s demands.
Foreign firms explore investment opportunities in Da Nang
Chu Lai Open Economic Zone is positioned as an engine economic area in southern Da Nang, geared toward industrial development, logistics, modern urbanisation, and tourism.
Vietnam, Laos promote trade, investment cooperation toward 5 bln USD trade target
In the first nine months of 2025, bilateral trade between Vietnam and Laos reached 2.36 billion USD, up 57% year-on-year and the highest level in a decade.
Vietnam, RoK seek new drivers to advance comprehensive cooperation
The RoK is also Vietnam’s largest foreign investor. As of the end of September, Korean investors operated 10,301 valid projects with combined registered capital of 94.2 billion USD, topping both capital value and number of projects among 154 countries and territories investing in Vietnam. Korean enterprises contribute roughly 30% of Vietnam’s total export value.
Vietnam eyes stronger links with Indonesian firms to tap market potential
Vietnamese enterprises could leverage Indonesia as a strategic hub for regional expansion, while Indonesian companies could come to Vietnam to learn production practices and explore investment partnerships, opening up new avenues for economic collaboration, a diplomat said.
High-tech manufacturing boom fuels demand for green IPs in Vietnam
Investors today not only pay attention to rental prices or location but are also seeking industrial parks that provide a comprehensive and environmentally friendly ecosystem.
Hanoi approves investment policy for road linking Gia Binh airport with capital
The 16th Hanoi People’s Council (2021–2026 term) on November 13 adopted a resolution approving the investment policy for the construction of a road connecting Gia Binh International Airport in the neighbouring Bac Ninh province with the capital.
Workshop seeks to boost agro-forestry-aquatic exports to EU
Participants underlined the importance of complying with the EU’s strict standards, stepping up national branding, developing green and clean products aligned with European consumer preferences and, particularly, embedding cultural value and compelling Vietnamese stories in each product.
Vietnam, US continue technical round of negotiations on balanced, fair reciprocal trade agreement
Both sides agreed to maintain close coordination and intensify exchanges among their technical groups to advance negotiations in line with the guidance of senior leaders and the two ministers, with the aim of soon concluding a new framework for bilateral trade cooperation that further deepens the Vietnam-US Comprehensive Strategic Partnership.
Reference exchange rate continues to drop on November 14
The State Bank of Vietnam set the daily reference exchange rate at 25,122 VND/USD on November 14, down 3 VND from the previous day.
HCM City ready to serve as a bridge linking Italy with Vietnam and ASEAN: official
HCM City’s key European trading partners, with bilateral trade reaching nearly 450 million USD in the first half of 2025. Italy ranks 24th among the 129 countries and territories investing in the city, with total registered capital of nearly 135 million USD.