On May 25, Deputy Prime Minister of Vietnam Le Minh Khai held a meeting with Hanoi authorities and relevant ministries on the development of long-term rental housing. Following the meeting, Hanoi was selected as the pilot site for launching the new model, which may later be rolled out to other major cities across the country.
The initiative involves constructing residential complexes specifically for rent rather than selling individual units. This means apartments in such projects will not be sold separately to investors. The housing will be managed by a single operator, and the complexes themselves are initially created specifically for long-term rental.
This model is already widespread in many countries, particularly in major metropolises and industrial centers.
In Vietnam, such projects are primarily planned for development in the largest cities, industrial parks, economic zones, and key economic corridors of the country.
According to the Prime Minister, the new model should become part of the restructuring of the real estate market and help meet real demand for housing.
The authorities plan to pay special attention to integrating such projects with transport infrastructure and industrial zones.
Projects are expected to be funded both through state resources and by attracting private capital, banks, and investment funds.
Additionally, the Vietnamese authorities continue to discuss measures to strengthen control over speculative transactions in the real estate market and develop digital management within the sector.