Regulatory delays, vague income definitions, and inflexible financing are stalling Vietnam’s goal to build 1 million social housing units by 2030, a cohort of real estate developers told a seminar Wednesday, The Investor has reported.
Key points made include:
- Tran Cong Tuong of Capital House welcomed an upcoming National Assembly resolution but stressed the need for clear criteria on land use and buyer eligibility, noting that confusion over who qualifies as a “low-income earner” is deterring developers.
- Vu Quoc Huy of Taseco Land called for simplified administrative procedures and faster issuance of home ownership certificates, highlighting that current investment processes are entangled in multi-agency approvals.
- Vu Xuan Dung of Viconship supported the proposed National Housing Fund but argued that procedural reform is more urgent than finance, and that project approval timelines must be shortened. He also backed the idea of expanding buyer eligibility.
- Le Viet Hai of Hoa Binh Construction Group noted a core contradiction: buyers must prove both low income and loan repayment ability. He argued that profit caps and subsidised interest rates are needed to ensure affordability while keeping investors engaged.
- Tran Anh Thang of Eximbank said that banks are willing to support lending at 2–3 percent interest, but lack long-term capital and face legal obstacles in project lending. He urged the State Bank of Vietnam to offer credit growth exemptions and tailored mechanisms for housing finance.
That is to say that, foreign investors eyeing the housing or construction sector should watch for reforms tied to the upcoming resolution, especially around land access, bank participation, and credit mechanisms.
See also: Real Estate in Vietnam: Trends, Challenges & Outlook