Policies on housing development in Vietnam under the Law on Housing

Policies on housing development in Vietnam under the Law on Housing (Internet image)

1. What is housing development?

According to Clause 9, Article 3 of the Law on Housing 2014, housing development means the investment in building new housing, rebuilding housing or expanding area of housing.

In particular, housing means any building in which households or individuals live.

(Clause 1, Article 3 of the Law on Housing 2014)

2. Policies on housing development in Vietnam

According to Article 13 of the Law on Housing 2014, the policies on housing development in Vietnam include:

- The State shall provide residential land resources by granting approval for land-use planning, urban planning, particular area planning, or rural area construction planning.

- The State shall issue policies on planning, land, finance, credit, science and technology application, new building materials to invest in renovation or reconstruction of apartment buildings which are seriously damaged, in danger of collapse, or unsafe for the occupiers, and encourage organizations, households or individuals to develop housing for lease, lease purchase, or sale according to market mechanism.

- The State shall issue policies on tax exemption and reduction, exemption and reduction in land levies, land rents, long-term credit with preferential interest rate, other financial incentives and grant from capital resources of the State to carry out incentive policies on social housing.

- The State shall formulate policies on research and issuance of typical designs regarding every type of housing in conformity with every area, region; incentive policies on energy-saving housing development.

- The People’s Committees of provinces or central-affiliated cities (hereinafter referred to as provinces) and investors in commercial housing projects shall reserve residential land for social housing construction as prescribed in law on housing.

3. Requirements pertaining to housing development in Vietnam

The housing development must ensure the requirements specified in Article 14 of the Law on Housing 2014, specifically as follows:

(1) Conform to housing demands of multiple entities and socio-economic conditions of the country, each local government, each area or region in every period.

(2) Conform to Strategy for national housing development, construction planning, land-use planning and local housing development planning in every period.

(3) Comply with regulations of law on housing; standards and quality of construction; conform to requirements pertaining to prevention of fire and explosion and response; satisfy requirements regarding architecture, landscape, hygiene, environment and safety during the construction progress and response to disaster and climate changes; save energy and land resources.

(4) With respect to urban areas, the housing development shall conform to specific construction planning and the project. The residential construction project must satisfy requirements prescribed in item (1), (2), (3) to ensure the allocation of population and gentrification. In special class, class 1, and class 2 urban areas, it is essential to develop apartment buildings and housing for lease.

(5) With respect to rural, mountainous, border, or island areas, the housing development shall conform to rural population planning, new countryside planning, custom of every ethnic group, natural conditions of every region; in order to eliminate gradually shifting cultivation, nomadic, ensuring sustainable ru

Thanh Rin

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