Vietnam: Official housing development means and plan from January 01, 2025

Official housing development means and plan from January 01, 2025 (Image from Internet)

On November 27, 2023, the National Assembly of Vietnam approved the Housing Law 2023.

Official housing development means and plan from January 01, 2025​

According to Article 41 of the Housing Law 2023 of Vietnam,  official housing development means and plan are prescribed as follows:

- The government shall invest using budget, including central government budget and local government budget in construction of official housing and purchase, leasing of commercial housing property as official housing.

- Central authorities shall verify official housing demand and details under Points a, b, and c Clause 5 Article 41 of the Housing Law 2023 of their agencies or fields and send to the Ministry of Construction for appraisal, development, and submission of 5-year official housing development plans of central authorities to the Prime Minister for approval except for Clause 3 Article 41 of the Housing Law 2023.

- The Ministry of National Defense and Ministry of Public Security shall take charge and cooperate with the Ministry of Construction in developing 5-year official housing development plan for entities within people's armed forces in accordance with the Housing Law 2023 and submitting to the Prime Minister.

- Provincial People’s Committees shall produce and approve official housing development under Clause 5 Article 41 of the Housing Law 2023 for entities eligible for renting local official housing in provincial housing development plans under the Housing Law 2023.

- Primary contents of official housing development plans under Article 41 of the Housing Law 2023 include:

+ Quantity and position of entities eligible for renting official housing in accordance with the Housing Law 2023;

+ Land area demand for official housing construction;

+ Type and quantity of each housing type, total floor area requiring construction or purchase, renting from commercial housing property as official housing during plan duration;

+ Expected capital for investment and construction of official housing, purchase, renting of commercial housing properties as official housing in 5 years;

+ Responsibilities of presiding entities, relevant ministries, central departments, and local governments.

More details can be found in the Housing Law 2023 of Vietnam, effective from January 01, 2025.

The Housing Law 2014 expires from the effective date of the Housing Law 2023, except for cases detailed under Point b Clause 1, Points a, c, dd, e, and g Clause 2, Clause 3, Points a, b, c, d, dd, and e Clause 5 Article 198 of the Housing Law 2023.

To Quoc Trinh

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