Who is eligible to purchase social housing in Vietnam in 2023? What are the requirements for eligibility for incentive policies on social housing in Vietnam?
Who is eligible to purchase social housing in Vietnam in 2023?
Article 49 of the 2014 Law on Housing in Vietnam stipulates that the entities eligible for incentive policies on social housing are as follows:
Entities eligible for incentive policies on social housing
If the entities below satisfy requirements prescribed in Article 51 of this Law, they shall be eligible for incentive policies on social housing:
1. People with meritorious services to the Resolution prescribed in law on preferential treatment for people with meritorious services to the Resolution;
2. Households living in poverty or near poverty in rural areas;
3. Households that are often affected by natural disasters or climate changes in rural areas;
4. Individuals living in low income, poverty or near poverty in the urban areas;
5. Employees working in enterprises inside or outside the industrial zones;
6. Commissioned officers, professional and technical non-commissioned officers, standing army, and workers in the agencies of People’s Police and People’s Army;
7. Officials and civil servants prescribed in law on officials and civil servants;
8. Entities who have returned official residence as prescribed Clause 5 Article 81 of this Law;
9. Students of institutes, universities, colleges, vocational training institutions; students of the public ethnic boarding schools using social housing during their duration of study;
10. Households or individuals subject to land withdrawal and land clearance as prescribed without any compensation in form of housing or residential land paid by the State.
Article 50 of the 2014 Law on Housing in Vietnam stipulates the implementation of incentive policies on social housing as follows:
Implementation of incentive policies on social housing
1. Lease, lease and purchase, or sell the social housing to entities prescribed in Clause 1, 4, 5, 6, 7, 8 and 10 Article 49 of this Law; or only lease the social housing to entity prescribed in Clause 9 Article 49 of this Law.
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According to the above regulations, there will be 10 groups of entities eligible for incentive policies on social housing. However, students of institutes, universities, colleges, vocational training institutions; students of the public ethnic boarding schools using social housing during their duration of study are not eligible for purchasing social housing. The remaining entities will be able to purchase social housing if they fully meet the prescribed conditions.
Who is eligible to purchase social housing in Vietnam in 2023? What are the requirements for eligibility for incentive policies on social housing in Vietnam? (Image from the Internet)
What are the requirements for eligibility for incentive policies on social housing in Vietnam?
In Article 51 of the 2014 Law on Housing in Vietnam stipulating the requirements for eligibility for incentive policies on social housing as follows:
Requirements for eligibility for incentive policies on social housing
1. The entities eligible for the policies as prescribed in Clause 1 Article 50 of this Law shall satisfy the requirements pertaining to housing, residence, and income as follow:
a) They have not had any house under their homeownership, have not concluded any agreements on social housing purchase, lease, or lease purchase, have not benefited from any policy on housing or residential land support in any shape or form at the places where they live, study, or have houses under their homeownership, but the floor space per capita in the household is lower than the minimum space standard regulated by the Government in every period and every area;
b) They are required to register permanent residence in the province where the social housing is located; if not, they are required to register temporary residence in that province for at least one year, except for cases prescribed in Clause 9 Article 49 of this Law;
c) With respect to entities prescribed in Clause 4, 5, 6 and 7 Article 49 of this Law, they are required to be not subject to regular income tax as prescribed in law on personal income tax; with respect to households living in poverty and near poverty, they must be subject to the households living in poverty and near poverty as prescribed in regulations of the Prime Minister. With respect to entities prescribed in Clause 1, 8, 9 and 10 Article 49 of this Law, they are not required to satisfy requirements pertaining to income as prescribed in this Point.
2. The entities eligible for the policies as prescribed in Clause 2 and Clause 3 Article 50 of this Law must conform to approval for target programs for housing granted by the competent agency.
3. Any entity eligible for the policies as prescribed in Clause 4 Article 50 of this Law shall satisfy the requirements pertaining to housing, residence, and income as follows:
a) They have residential land without housing, or they have housing but it is damaged or dilapidated;
b) They have registered permanent residence in the place where their residential land or housing required construction or renovation is located.
Thus, the requirements for purchasing social housing are:
- They have not had any house under their homeownership, have not concluded any agreements on social housing purchase, lease, or lease purchase, have not benefited from any policy on housing or residential land support in any shape or form at the places where they live;
- They are required to register permanent residence in the province where the social housing is located; if not, they are required to register temporary residence in that province for at least one year;
- Other requirements on poor households and personal income tax.
What are the rules for the implementation of incentive policies on social housing in Vietnam?
The purchase of social housing must satisfy the requirements in Clause 1, Article 52 of the 2014 Law on Housing in Vietnam including:
- There is a combination between the State, communities, relatives and beneficiaries of the policies during the implementation of the policy;
- The policy must be publicized and transparent, under close inspection of the competent agency and communities;
- The policy only applies to entities meeting all requirements as prescribed;
- In case an entity benefits from more than one policy, he/she shall only benefit from the best policy; in case there are many entities meeting the same requirements, the disabled or women shall be given priority;
- In case a household has more than one entity benefiting from the policies, there is only one policy applying to that household.
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