How are Vietnam’s regulations on purchase of commercial housing as social housing?

According to Vietnam’s regulations, in an administrative division, if the quantity of social housing is insufficient and there are commercial housing projects that satisfy quality requirements according to regulations of law on construction, the types and areas of which are conformable with those of social houses, the competent authority may buy them as social housing.

The purchase of commercial housing as social housing is prescribed in Decree No. 100/2015/ND-CP of Vietnam’s Government as follows:

- If capital is provided by central government budget, the Ministry of Construction shall take charge and cooperate with the Ministry of Finance in planning a project and submit it to the Prime Minister for approval, or approve it if authorized by the Prime Minister;

- If capital is provided by the Ministry of National Defense or the Ministry of Public Security, the Ministry of National Defense or the Ministry of Public Security shall appoint an affiliated agency to plan the project and submit a report to the Ministry of National Defense or the Ministry of Public Security for approval, or approve it if authorized by the Ministry of National Defense or the Ministry of Public Security;

- If capital is provided by local government budget, the Department of Construction shall take charge and cooperate with the Department of Finance in planning a project and submit it to the People’s Committee of the province for approval;

- If the commercial housing project must contain specific location, characteristics, types, quantity of houses, usable areas of each type, prices, relevant costs, capital sources, method of payment, contracting agency, operating agency, and responsibilities of relevant agencies for project execution.

Procedures for buying commercial housing as social housing are specified in Clause 3 Article 12 of Decree No. 100/2015/ND-CP.

View more details at Decree No. 100/2015/ND-CP of Vietnam’s Government, effective from December 10, 2015.

Thu Ba

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