Friday, May 15, 2026 1:18:19 AM - Markets open
VN-INDEX 1,925.46 +27.09/+1.43%
HNX-INDEX 255.07 +0.45/+0.18%
UPCOM-INDEX 126.35 +0.07/+0.06%
HCM City prioritises social housing with new fast-track mechanism
Vietnam News - 3/21/2026 1:09:12 PM
 (0 ratings. You must sign in to rate.)
 HCM City authorities have introduced a new administrative framework aimed at speeding up social housing projects by placing them in a “green lane” and “priority lane” to fast-track approvals and reduce procedural bottlenecks.
 
The move, outlined in a recently issued official dispatch by the People’s Committee, seeks to standardise investment procedures and improve coordination between relevant agencies, while addressing longstanding delays caused by overlapping administrative requirements.
 
Key departments like construction, finance, planning and architecture, and natural resources and environment and local administrations are required to process applications strictly within their mandates and ensure compliance with legal timelines.
 
A highlight of the new policy is that all social housing projects need to be handled under a priority mechanism.
 
This approach is expected to shorten processing times by reducing intermediary steps and assigning experienced officials to guide investors.
 
In some cases, authorities may conduct preliminary reviews of dossiers upon request to minimise errors and avoid repeated revisions.
 
The city has also clarified two distinct procedural tracks for private and public projects.
 
For projects where developers already have land use rights, the process has been streamlined with a maximum mandated handling time of 132 days. Public projects on State-owned land may take up to 154 days, including an additional 30-day period for public disclosure to ensure transparency.
 
To enhance implementation efficiency, the Department of Construction has been assigned as the focal point for resolving difficulties arising during project execution.
 
Regular reviews will be conducted to further simplify administrative procedures.
 
The People’s Committee Office and Department of Home Affairs will ensure strict compliance with processing timelines to prevent delays.
 
Experts view the policy as a substantive reform that could help remove legal obstacles and boost the supply of affordable housing, now severely lacking in the market.
 
Investment preparation time has been found to be a critical factor in increasing the supply of social housing in both the medium and long terms. — VNS
 
Read original article here
Newer News
17/04 Property market sees investor screening as high interest rates add pressure
03/04 Việt Nam property market reset deepens as land speculation fades, funding model shifts
Older News
27/01 New legal framework paves way for real estate market in 2026
07/01 Land auction rules tightened with higher deposits
06/01 Property to be granted e-identification codes from March 1
06/01 Industrial real estate market sees a preference for large-scale, sustainable developments: report
18/12 PM reviews social housing and property market progress, sets tasks for future
16/12 Real estate market will have clear divergence next year
12/12 VN property market recovering, but at uneven rate
10/12 Satellite cities to be centres of real estate development for next decade: Savills
08/12 Việt Nam's property market draws Korean investors
14/11 Experts urge cautions over Hà Nội’s proposed land price hike amid overheated market
 
Newsletter Signup
Top Stories
VN-Index closes the week on positive note
Officials say real estate credit tightening not clampdown on lending
Unlisted share sales may face 20% income tax: ministry
VN-Index loses over 51 points on rising selling force
State Treasury deposits over $15.2 billion in banks
Market Update
Last updated at 3:10:00 PM
VN-INDEX 1,925.46 +27.09/+1.43%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.