Ha made the remark at a meeting in Hanoi on September 25 to review a draft decree on the establishment and operation of the National Housing Fund and the implementation of the National Assembly's Resolution No. 201/2025/QH15 on piloting several special mechanisms and policies for the development of social housing.
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A housing project for workers at Dong Van 4 Industrial Park in Ninh Binh province developed by Viglacera |
He emphasized that workers’ access to housing remains extremely difficult, and promoting rental housing policies is considered practical and well-suited to current realities.
The Deputy PM underlined that the fund must clearly separate housing funds from financial resources at both central and local levels; adopt mechanisms to mobilize and allocate resources effectively; and ensure close coordination between central and local authorities.
On management models, he suggested assigning the task to existing institutions such as housing development investment funds in Hanoi and Ho Chi Minh City, while also encouraging organizations such as the Vietnam General Confederation of Labor and reputable enterprises to participate in building houses for rental.
Funding sources for the fund could come from various channels, but they must be clearly defined, operate flexibly, and allow capital to be revolving, while avoiding situations where completed housing remains unoccupied, leading to waste.
Deputy Minister of Finance Do Thanh Trung noted that the draft decree is being developed to implement the pilot policy under Resolution No. 201/2025/QH15 on piloting several special mechanisms and policies for the development of social housing. The decree stipulates that the National Housing Fund will operate exclusively for rental purposes, on a non-profit basis, with legal status, and as an extra-budgetary financial fund.
The Ministry of Finance proposed that the decree should ensure flexibility for localities, avoid rigidly applying a single model, and minimize the creation of additional administrative structures.
Sharing lessons from 20 years of operating the Ho Chi Minh City Housing Fund, Vice Chairman of the municipal People’s Committee Bui Xuan Cuong recommended supplementing resources with surplus resettlement housing, empowering localities with flexible authority in mobilizing capital, using assets, and implementing special housing policies.
Source: VNA