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Cabinet leader urges effective implementation of affordable housing policies
Affordable housing is one of the three pillars of social security, and Vietnam does not pursue mere economic growth at the expense of social equality, security or the environment, said Prime Minister Pham Minh Chinh at the conference on social housing development on March 16 in Hanoi.
Prime Minister addresses the conference in Hanoi__Photo: VNA

Affordable housing is one of the three pillars of social security, and Vietnam does not pursue mere economic growth at the expense of social equality, security or the environment, said Prime Minister Pham Minh Chinh at the conference on social housing development on March 16 in Hanoi.

He emphasized that building social houses for low-income earners and accommodations for workers forms an important part of socio-economic development policies. Developing housing, including social housing, is a responsibility of the State, society, and people.

The cabinet leader affirmed that all economic sectors are encouraged to engage in the development of social houses and workers’ accommodations under the market mechanism. The State has issued housing support policies for low-income earners in urban areas and workers of industrial parks to help ensure political stability and social security.

He added that social housing development must be connected with the real estate market development, match the housing development plan for each period, comply with legal regulations and approved master plans, and ensure comprehensive technical and social infrastructure.

To quickly and effectively carry out the scheme on building at least 1 million social housing units for low-income groups, industrial workers for the 2021-30 period under Decision 388 of 2023, all stakeholders, based on their functions, tasks and power, must fully exert their efforts, show the highest sense of responsibility, take creative and timely action, and uphold social ethics to fulfill their tasks to develop true social housing, he demanded.

PM Chinh asked the Ministry of Construction, the Ministry of Natural Resources and Environment, and the State Bank of Vietnam to soon formulate and issue the documents guiding related laws, including the revised Housing Law, the revised Law on Real Estate Business, the revised Land Law, and the revised Law on Credit Institutions.

They need to tackle obstacles by streamlining administrative procedures and enhancing decentralization to minimize the time and cost needed for social housing development, he added.- (VLLF)

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