Social housing: Out of expectation
Developing social housing is a well-directed policy to help address the housing needs of citizens, particularly low-income earners. Implementation, however, has exposed various shortcomings, particularly in terms of land allocation and funding.
A report has been prepared by the National Assembly (NA)’s specialized supervision delegation on the implementation of policies and laws regarding the management of the real estate market and the development of social housing from 2015 to the end of 2023. In it, Mr. Vu Hong Thanh, Deputy Head of the supervision delegation, revealed that during this period only 18 of Vietnam’s 63 cities and provinces allocated independent land funds for social housing, while 35 reserved the necessary 20 per cent of land within commercial housing projects for social housing development. The failure to allocate adequate land has been identified as a significant reason for social housing development targets not being met.
Thanh Xuân
