Chairing the second meeting of the Central Steering Committee for Housing Policy and Real Estate Market on October 11 in Hanoi to discuss measures to create breakthrough development in social housing, PM Chinh underlined the goal of completing more than 100,000 social housing units by the end of 2025.

Prime Minister Pham Minh Chinh chairs the second meeting of the Central Steering Committee for Housing Policy and Real Estate Market in Hanoi, Oct. 11, 2025.

To ensure the real estate market operates in a synchronised and sustainable manner, it is essential to diversify and expand housing types, promote the development of social housing, rental housing, affordable housing, and housing for workers in industrial zones, while encouraging all economic sectors to participate in housing development under market mechanisms for social policy beneficiaries, he said.

The PM stated that in recent times, the Government and the PM have taken strong and comprehensive actions to address obstacles, accelerate investment projects, and increase housing and real estate supply across all segments, particularly in affordable and social housing.

A total of 132,616 social housing units are currently being developed across the country. Over the past nine months, 73 new projects with 57,815 units have been launched, and 22 out of 34 localities have met or surpassed their assigned social housing development targets, he noted.

The Government leader also frankly pointed out several shortcomings, including outdated real estate and social housing policies, delays in establishing a State-managed real estate trading centre, a shortage of affordable social housing, slow implementation of projects, and housing prices - especially in urban areas - beyond most citizens’ affordability.

He also highlighted issues like price manipulation, inflated property listings, lack of transparency in real estate transactions and data, and the need to curb speculative cash flows that fuel market bubbles.

The PM urged delegates to discuss openly and propose concrete solutions to establish regulated real estate trading platforms, stabilise the market, and prevent speculation.

He directed efforts to improve housing accessibility and ensure affordable homes for workers and low- to middle-income earners.

He emphasised the need for groundbreaking solutions to achieve the goal of building 100,000 social housing units by 2025, stressing the urgency of social housing development amid administrative restructuring and the transition to a two-tier local administration system, which is causing many officials and workers to relocate.

The Government leader urged delegates to focus on measures to boost housing supply, especially affordable social housing, cutting investment costs, preventing speculation and profiteering, improving credit policies for social housing, enabling enterprises to participate and developing real estate trading platforms.

Bac Ninh inaugurates two new social housing towers in Bac Ninh industrial hub

BAC NINH – Authorities in Bac Ninh province on August 19 inaugurated two new residential towers under the Que Vo Hillview social housing project, part of nationwide celebrations marking the 80th anniversary of Vietnam’s National Day on Sept. 2.

Union housing programme offers new homes for struggling workers

BAC NINH - For years, hundreds of trade union members in the northern province of Bac Ninh have celebrated moving into new homes built under the “Trade Union Shelter” programme, a nationwide initiative designed to help disadvantaged families achieve stable housing. The programme, launched by the Vietnam General Confederation of Labour, has become a symbol of solidarity, providing both financial support and community backing.

PM chairs national online conference on social housing development

Prime Minister Pham Minh Chinh chaired a national online conference on August 16 to review the implementation of social housing development targets in the first seven months of 2025 and deploy tasks for the remaining months to achieve the goal of building 100,000 social housing apartments this year; as well as implementing social housing development targets in the following years.

 

Bac Ninh launches Hoang Ninh Ecolife social housing project

BAC NINH – Hoang Ninh Group on August 9 broke ground on the Hoang Ninh Ecolife social housing project in Nam Ngan residential group, Nenh ward, Bac Ninh province. The ceremony was attended by senior provincial officials, including Nguyen Van Gau, member of the Communist Party Central Committee and provincial Party Secretary, and Vuong Quoc Tuan, Deputy Party Secretary and Chairman of the provincial People’s Committee (PPC).

Coordinated efforts to remove bottlenecks and accelerate social housing projects

BAC NINH - Meeting housing demands for workers, especially those in industrial zones, remains a pressing issue for provinces with strong industrial growth. After the merger, Bac Ninh province has inherited and furthered efforts from both localities, creating greater synergy to address this issue comprehensively and effectively.

PM urges completion of housing for national contributors by July 24

The prime minister has called for bold actions to complete the goal of eliminating substandard housing nationwide by the end of August and for national contributors and families of fallen soldiers by July 24.