Vietnam has less than half of the low-income houses it targeted for in 2020, according to data from the Ministry of Construction (MoC).

The Hanoi People’s Committee has issued a decision approving the outline for a task of devising the capital’s housing development programme for 2021-2030, with vision towards 2040.

Local construction firms face the risk of bankruptcy as the price of steel has soared 40% recently.

Workshops sharing experience in social housing development of the Republic of Korea (RoK) and policy improvements in Vietnam will be held in major cities of HCM City, Da Nang and Hanoi in the coming time, according to the Ministry of Construction (MoC).

The Government has issued a new decree aiming to promote the development of social housing.

The standard level of social assistance will increase from VND270,000 (US$11.72) to VND360,000 (US$15.63) per month from July 1, 2021, according to Decree No.20/2021/ND-CP providing social support policies for those entitled to social protection.

Real estate developers are actively restructuring their products towards mid- and low-end segments to be more suitable to the real demands of the market.