NA deputies emphasised that the issuance of the resolution will help establish a comprehensive and consistent legal framework, addressing existing obstacles in the construction and development of social housing to meet current rapid development requirements.

It will also introduce more incentives to attract businesses to invest in social housing projects, contributing to realising the goal of building at least a million affordable social housing units for low-income earners and workers in industrial parks during the 2021–2030 period, they said.

In his remarks, NA Chairman Tran Thanh Man stressed that social housing has become an increasingly urgent issue, especially in urban areas and industrial zones. However, he noted that the implementation of social housing projects still faces obstacles due to inflexible mechanisms, prolonged administrative procedures, and a lack of appealing incentives for investors.

Expressing his strong support for the issuance of the resolution, the top legislator affirmed that this aims to remove roadblocks and simplify procedures to attract more businesses to the scheme.

To effectively implement the policies outlined in the draft resolution and avoid overlaps and inconsistencies, Man said the agency in charge should continue reviewing the draft’s provisions related to the Law on Housing, the Land Law, and the Construction Law.

PM urges effective implementation of land, housing, real estate business laws

Prime Minister Pham Minh Chinh has signed to issue an official dispatch directing ministries, sectors, and localities to effectively implement the Land Law, Housing Law, and Real Estate Business Law, all of which came into force simultaneously on August 1.