PM Pham Minh Chinh made the statement while chairing the sixth session of the Central Steering Committee for Housing and Real Estate Market Policies in Hanoi on February 26, which went hybrid, linking up live with officials in 34 cities and provinces.
Back at the previous session, the Prime Minister handed out 19 tasks to ministries, agencies, and localities to accelerate housing and real estate development, including four specific and 15 regular tasks.
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Prime Minister Pham Minh Chinh addresses the meeting. (Photo: VGP) |
The Government has so far issued a resolution packed with several mechanisms to tackle legal hurdles impeding social housing projects, plus a decree amending and supplementing a number of rules in housing and real estate business decrees. It has also directed localities to review, finalize, and approve their housing plans for the 2026–2030 period.
Relevant ministries and agencies are finalizing proposals to establish a state-run real estate and land-use rights transaction center. Efforts are also ongoing to set up a National Housing Fund, while localities continue to establish their own housing funds.
According to the Government's resolution, localities are tasked with completing the construction of about 158,700 social housing units in 2026 alone. Already, 220 projects are underway nationwide with nearly 215,000 units, blowing past the 2026 goal by hitting 135%. Cumulatively, 737 projects have kicked off, racking up more than 700,000 units and clocking 70% toward the million-unit target by 2030.
Since the previous meeting, the real estate scene has turned a corner, especially on the affordable side. Plenty of localities smashed or sailed past their quotas, and the national housing and real estate database is finally coming together, complete with ID codes on units. Ministries, agencies and local authorities are striving to ensure stable accommodation for citizens, particularly those hit by natural disasters and floods, disadvantaged groups, industrial workers and military personnel.
Relevant stakeholders were urged to ensure that all citizens have equal, transparent, and appropriate access to housing; increase supply across multiple segments to drag prices down; cut and simplify administrative procedures; combat corruption, speculation, and market manipulation; and complete a real estate database that is accurate, comprehensive, clean, live, unified, and shareable nationwide.
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An overview of the sixth session of the Central Steering Committee for Housing and Real Estate Market Policies in Hanoi on February 26 (Photo: VGP) |
Ministries, agencies, and localities should accelerate planning so that housing and real estate projects actually have ground to stand on, putting top priority on clearing sites, stockpiling land and building out infrastructure for social housing first.
The PM called for the continued and full delivery of conclusions reached at the previous meeting; faster progress of the Government’s resolution on social housing development targets for the 2026–2030 period, and the Government’s decree on the National Housing Fund alongside the completion of local housing funds, and stronger digital transformation to finalize the information system and database on housing and the real estate market.
Other specific tasks were also assigned to relevant ministries, the State Bank of Vietnam and local authorities.
On the idea of a Government’s resolution to pilot reasonably priced commercial housing for middle-income earners, he directed the Ministry of Construction, together with relevant ministries and agencies, to dig deeper. They need to look at widening who qualifies for social housing perks, talk it over with ministries, agencies, localities, experts, developers and citizens, and wrap the whole study by March.
Source: VNA