Deputy PM Hà also required localities to publicise and introduce social housing investment land funds to businesses for research and investment. They must balance and arrange local budgets to encourage, give incentives, and call for economic sectors to participate in social housing development in the area.
Vietnam is looking to increase the average housing floor area per person to 27 sq.m by 2025, in which the floor area per person will be 28 sq.m in urban areas, and 26 sq.m in rural areas.
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Vietnam's residential area per capita is expected to reach about 27sqm by 2025 and to surge to 30sqm by 2030, according to the draft national housing development strategy. The National Housing Development Strategy for the 2021-2030 period sets the goal of developing and repairing more than one billion sqm of houses, equivalent to about 11.9 million apartments.