Property

The inadequacies and failings of Vietnam’s housing market would be addressed by the proposed National Housing Development Strategy.

The conference also seeks to promote socio-economic cooperation between Hanoi and other localities, driving growth across the Capital Region, the Red River Delta, and the Northern Key Economic Zone.

There is a supply-demand mismatch. The market faces an oversupply in the high-end segment but a severe shortage of housing priced appropriately for the average citizen's income.

The Government leader also called for the rapid implementation of large-scale rental housing projects in the third and fourth quarters of this year.

The target contributing to the province’s broader goal of nearly 4,963 units under its social housing development plan.

Hanoi encourages strategic private investors with strong financial capacity, extensive experience, and the ability to implement synchronized infrastructure to participate in these projects in accordance with legal regulations.