Vietnam currently has 130,571 rental housing units under construction. A review of national rental housing demand will be completed before the construction ministry assigns specific targets to provincial governments.
Hanoi held a groundbreaking ceremony for five urban railway lines and three rental housing projects across the city on June 22. This is the largest package of infrastructure and social housing projects the capital has ever undertaken, marking an important shift from the stage of preparing mechanisms and policies to the stage of implementation and the realisation of the Government’s major development directions for Hanoi.
As Hanoi continues to advance social housing programmes, renovate ageing apartment complexes and promote transit-oriented urban development (TOD), expanding the rental housing stock is set to become a key pillar of its housing strategy.
The three rental housing projects include the Phap Van–Tu Hiep new urban area in Yen So ward, the city rental housing development project in Viet Hung ward, and the Him Lam Long Bien mixed-use housing complex. Together, they are expected to provide thousands of apartments, helping to meet growing housing demand among workers, students, civil servants, members of the armed forces, and low- and middle-income residents.
Minister of Construction Tran Hong Minh said future housing development will focus on commercial housing, social housing and, in particular, rental housing, which is expected to meet the needs of millions of workers.
Participants reviewed rental housing demand in each area, considering different market segments and target groups. They also examined the gap between supply and demand, and pinpointed issues in policy frameworks.
The PM said rental housing development must be integrated with urban planning, land-use planning, public transport, industrial zones and labour market development, with priority given to major cities, industrial parks and key economic corridors with full infrastructure.
Party General Secretary and State President To Lam stressed that citizens should have access to stable, safe and affordable housing suited to eligible beneficiaries, with rental housing becoming a long-term pillar.
For the first five months of 2025, the CPI increased by 3.21% from the same period last year, while core inflation went up 3.1%.