Additionally, the National Housing Fund is expected to contribute to balancing supply and demand and adjusting the structure of real estate products.

The Government has promulgated Decree No.
302/2025/NĐ-CP, providing detailed regulations on the National Housing Fund and
measures to implement the National Assembly’s Resolution No. 201/2025/QH15
regarding pilot mechanisms for social housing development.

According to Decree 302, the National Housing Fund
serves five primary functions and objectives, with a strong emphasis on rental
housing:

First, investing in the construction of social housing
projects, including synchronized technical and social infrastructure systems,
specifically for rental purposes.

Second, creating social housing by receiving and
repurposing public housing assets for rent, in accordance with housing laws.

Third, creating housing stock by purchasing from
developers; ordering or receiving transfers from 100% state-owned enterprises;
receiving resettlement or temporary housing; and accepting voluntary housing
contributions from organizations or individuals for rental use.

Fourth, purchasing commercial housing to rent out to
civil servants, public employees, and workers.

Fifth, organizing the management and operation of the
housing invested in or created by the Fund.

Regarding the organizational structure, the Decree
stipulates that the Government will establish a Central Housing Fund under the
Ministry of Construction. At the local level, Provincial People’s Committees
are responsible for establishing and managing local housing funds.

According to the Ministry of Construction, the Decree
aims to boost social housing development and provide low-income earners with
access to suitable homes. This initiative is closely aligned with the targets
of the project on “Investment and construction of at least one
million social housing apartments for low-income earners and industrial park
workers in the 2021–2030 period.”

Additionally, the National Housing Fund is expected to
contribute to balancing supply and demand and adjusting the structure of real
estate products. Consequently, this will help lower prices in the commercial
housing segment, fostering a more stable and healthy real estate market while
creating long-term, sustainable resources for housing development.

Vneconomy-Phan Dương