In the draft decree regulating the national housing fund, the Government said that it will establish a central housing fund assigned to the Ministry of Construction to manage and represent the owner. The Director of the Central Housing Fund is appointed by the Ministry of Construction.
The People's Committees of provinces and cities will establish local Housing Funds and represent owners, assigning them to provincial-level professional agencies for management. The Director of the Local Housing Fund is appointed by the Chairman of the Provincial People's Committee.
This will be a state financial fund outside the budget, operating according to the enterprise model in which the state holds 100% of the charter capital. In addition, the National Housing Fund will receive voluntary contributions from organizations and individuals.
The fund has legal status, is allocated a budget for operation, has a seal, and is allowed to open an account at the State Treasury and commercial banks according to the provisions of law.
The capital of the Central Housing Fund is formed from equity capital, self-reliance support sources, contributions from domestic and foreign organizations and individuals, and other legitimate mobilized sources.
The charter capital of the central housing fund is initially provided by the central budget at least VND 5,000 billion immediately after its establishment, and will increase the charter capital to at least VND 10,000 billion in the next 3 years.
In addition, the Central Housing Fund is also allowed to collect housing sales from public assets managed by central agencies according to the provisions of law, additional capital from the fund's operations, other capital owned to supplement operating capital.
For the local Housing Fund, the regulated capital of the fund is provided by the local budget and supplemented, after being approved by the Provincial People's Council.
The local housing fund is collected an amount of money equivalent to the value of the land fund for social housing development by investors of commercial housing projects and urban areas performing social housing obligations according to the provisions of the housing law.
Collecting housing sales from public assets managed by localities according to the provisions of the law on housing; land use rights auctions according to Resolution No. 201/2025/QH15 of the National Assembly on piloting a number of specific policies and mechanisms for the development of social housing, and additional capital from the activities of local housing funds.
According to the draft resolution, the operational goal of the National Housing Fund is to invest in the construction, management and operation of social housing projects, social housing projects with synchronous technical infrastructure systems, and social infrastructure for lease.
Organize the management of social housing management through the form of receiving and converting the function of housing in public assets managed by central agencies according to the provisions of the law on housing, housing in public assets handed over by localities for lease, and repurchasing social housing built by private investors for lease.
Housing management through the form of commercial housing purchase for cadres, civil servants, public employees, and workers of state agencies, political organizations, socio-political organizations, and public service units.
The draft also clearly states that independent social housing projects will be invested for a period of no more than 5 years, social housing projects with synchronous infrastructure will be invested for a period of no more than 7 years.
