NA approves pilot policies to boost social housing development
The resolution on piloting a number of special mechanisms and policies aimed at accelerating the development of social housing is set to take effect on June 1, 2025.
Most of the lawmakers vote in favour of a resolution on piloting a number of special mechanisms and policies to boost the development of social housing. (Photo: VNA)
Hanoi (VNA) – The National Assembly on May 29 passed a resolution on piloting a numb♛er of special mechanisms and policies aimed at accelerating the development of social housing, with the majority of lawmakers voting in faꦓvour.
The resolution outlines several pilot measures to be applied nationwide, including the creation of a National Housing Fund. It also permits the simultaneous investment approval and appointment of project investors without a bidding process for projects building social housing and housing for the armed forces that do not rely on public investment.
It also allows the application of special mechanisms regarding the planning, appraisal, approval, and adjustment of detailed plans for social housing projects, as well as procedures related to investment, construction, and the determination of sale and rent-to-own prices for social housing.
A key highlight of the resolution is the clarification of housing eligibility conditions for those entitled to social housing support. Specifically, individuals working far from their place of residence will be eligible to buy or rent social housing if they do not currently own or rent such housing, or if their existing home is located far from their workplace.
Earlier, Minister of Construction Tran Hong Minh presented a report on the amendments and feedback concerning the draft resolution. Regarding the National Housing Fund, he noted that the government had revised the proposal to designate the fund as a state financial institution operating independently of the state budget, with legal status and a non-profit mandate.
The fund will prioritise the development of rental housing to make efficient use of land, allow rotational housing use, and meet the long-term needs of individuals who are unable to afford home purchases.
Furthermore, the government proposed expanding social housing support to include individuals impacted by administrative restructuring and organisational changes.
According to the resolution, it will take effect on June 1, except for specific provisions requiring detailed government regulations, which will become effective on July 1./.
The Standing Committee voiced support for refining the resolution to reduce administrative procedures, strengthen decentralisation to local authorities, and expand policy support for people, particularly those impacted by the restructuring and consolidation of administrative units.
Lawmakers are examining a draft resolution on piloting several mechanisms and policies to accelerate the construction of the affordable houses while creating more favourable investment conditions for private enterprises entering the segment.
Ho Chi Minh City plans to complete four social housing projects this year, with over 2,800 units. Meanwhile, the city will start eight other social housing projects with nearly 8,000 apartments in the year.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
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Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
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The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
The resolutions issued by the PM as well as ministries and ministry-level agencies reassign responsibility for 346 administrative procedures - 18 from district to provincial levels, 278 to commune level, and 50 eliminated.
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