On the afternoon of June 3, at the regular government press conference in May 2026, Chief of Office of the Ministry of Construction Lam Van Hoang informed about the strategy to improve mechanisms and policies and allocate land funds to promote the rental housing segment in Vietnam.
According to the Chief of Office of the Ministry of Construction, in the context of very rapid urbanization and high housing demand, there needs to be a strong mechanism on land, management and superior incentives to attract businesses.
Therefore, in recent meetings, the Prime Minister has assigned ministries, branches, and localities to study mechanisms, policies, and organize implementation to accelerate and strengthen this segment. For the Ministry of Construction, the Prime Minister has assigned 3 main tasks.
The first is the group of tasks on proposing and perfecting mechanisms and policies. Currently, the Ministry has proactively and promptly proposed new mechanisms and policies, thoroughly grasping the direction of the General Secretary and President to concretize into the Law on Housing (amended) and the Law on Real Estate Business (amended).
These draft laws are striving to be submitted to the National Assembly for approval at the October session this year. The orientation is to strongly shift the mindset from developing commercial housing to developing both commercial housing, social housing and rental housing at the same time.
In which, rental housing is identified as a strategic, long-term segment, serving a large number of people, especially workers, laborers, students, officials, civil servants, public employees and armed forces.
The Ministry of Construction focuses on researching policies on mechanisms and preferential policies on land and finance to help businesses easily access land funds and credit capital sources to develop these projects.
In addition to houses for sale, it is necessary to prioritize the development of rental housing, especially the model of apartments for rent in large urban areas, industrial parks, economic zones, driving zones and other important economic corridors.
Second, the Ministry of Construction is presiding over and coordinating with relevant agencies to urgently review, amend, supplement, and promulgate according to its authority regulations and technical standards on rental housing. Especially focusing on fire safety standards for small and medium-sized rental housing.
Third is the task group coordinating with localities and ministries and sectors, initially Hanoi, Ho Chi Minh City, Dong Nai, Hai Phong, Da Nang are very large markets with great demand for this segment.
It will determine the demand for rental housing according to subjects and the needs of ministries and central agencies to serve as a basis for planning and allocating resources, avoiding supply-demand mismatch, and on that basis, advise the Government and the Prime Minister to assign targets for developing rental housing for localities across the country.
The Ministry of Construction also presides over and coordinates with ministries, branches, and local agencies to propose appropriate mechanisms to mobilize, allocate, and use state budget resources and social resources for the development of rental housing and operating management mechanisms, including commercial business management in rental housing areas.
The Ministry of Construction also proposed that localities strongly develop this segment. In which, it is proposed that the People's Committees of provinces and cities conduct surveys and surveys on the demand for rental housing in the area for different groups of subjects such as cadres, civil servants, public employees, armed forces, workers, students...
After surveying each specific area, an investment plan will be developed, arranging investment capital to develop rental housing to meet the requirements of each target group.
It is proposed that localities, on the basis of establishing the need to direct the review of planning on arranging suitable land funds, synchronizing technical infrastructure and social infrastructure to invest in building rental housing, especially industrial parks and densely populated areas, using public investment capital, local housing funds or investment capital.
