HCMC proposes 10-year loan interest support for social housing: preferential capital raised to VND 300 billion, two projects accepting applications from Q4

The HCMC People’s Committee is finalising a draft resolution for the City People’s Council’s October session, proposing to raise the capital eligible for interest support from VND 200 billion to VND 300 billion and extend support from 7 to 10 years for projects borrowing through the HCMC Finance and Investment State-owned Company (HFIC), including social housing.

Draft interest support policy

• Capital eligible for interest support rises from VND 200 billion to VND 300 billion; support period extended from 7 to 10 years.
• Eligible: student dormitories, worker housing in industrial clusters, industrial parks, export processing zones and hi-tech parks, and social housing.
• Current policy under Resolution 09/2023: the budget supports 50–100% of interest for 7 years, loans up to VND 200 billion through HFIC; social and worker housing receive up to 100%.
• The draft is expected to be considered and approved by the HCMC People’s Council at its October session.
• Planned disbursement via HFIC in 2026–2030 is about VND 16,800 billion: VND 2,500 billion in 2026, 3,000 billion in 2027, 3,500 billion in 2028, 3,800 billion in 2029 and 4,000 billion in 2030.

Two social housing projects accepting applications from Q4

• Long Truong Ward: lots NXH.1, NXH.2, NXH.3 in the Long Truong Ward housing area. Expected price about VND 24.48 million/m², including 5% VAT, excluding the 2% maintenance fee. Applications from Q4/2026, expected in use July 2027.
• Hiep Binh Ward (developer HUD Thu Duc): in Residential Area No. 6, Hiep Binh Phuoc Residential – Amusement Park area, next to Van Phuc township. Foundations are being completed. Expected price about VND 30.7 million/m², including VAT, excluding the 2% maintenance fee. Applications from Q4/2026.
• Expected prices of the two projects are based on information from the HCMC Department of Construction and the developers; registration procedures have not been officially announced.

Social housing progress in HCMC

• By end of August 2026: 10 projects started with 11,362 units.
• Under construction: 22 projects, nearly 19,900 units, about 70% of the current phase target.
• Investment policy approved: 89 projects, about 97,100 units, completing procedures.
• 53 more projects with about 80,500 units are expected to start in the first half of 2027.
• The Government’s target to 2030 is 199,400 units; for 2026–2030 alone it is 181,257 units, about 10 times the 2021–2025 period. The 2026 target is 28,500 units.