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Vietnam Launches Non-Subsidized Housing Plan, Construction Starts June

5/26/2026

Summary

Le Minh Hung Housing

Prime Minister Le Minh Hung chaired a May 25, 2026 meeting to launch a housing program, saying State will not subsidize housing but will guide with land, credit tools under Directive No. 34-CT/TW and Notice No. 64-TB/VPTW.
Hanoi will review land-use funds, start construction in June 2026 and report in June.
Ministries will draft a buy-back scheme June 2026 while the State Bank will propose credit policies July 2026 with social-housing revenue.

Summary

Le Minh Hung Expands

Prime Minister Le Minh Hung announced Hanoi will expand long-term rentals, aiming for 560,000 social-housing units while 156,000 are built and only 14,351 rentals (33 %) exist now.
Rents would be set on construction, operation and maintenance costs while state would waive land-use fees for these projects.
He urged amendments to the Housing Law and Real Estate Business Law and called for private capital and long-term financing instead of public funding.

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Le Minh Hung Housing

Prime Minister Le Minh Hung chaired a May 25, 2026 meeting to launch a housing program, saying State will not subsidize housing but will guide with land, credit tools under Directive No. 34-CT/TW and Notice No. 64-TB/VPTW.
Hanoi will review land-use funds, start construction in June 2026 and report in June.
Ministries will draft a buy-back scheme June 2026 while the State Bank will propose credit policies July 2026 with social-housing revenue.

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