Capital attraction solution for social housing development in Vietnam in the period of 2023 – 2030

Abstract

Social housing development for low-income people, industrial park workers and poor households is one of the key tasks in socio-economic development of the Vietnamese Government. In recent years, the government has had many incentive policies to mobilize capital for investment in social housing development (incentives on land use levy, land rental, incentives on value-added tax, corporate income tax, incentives on bank loans). However, the supply of social housing has been still lacking, reaching 65% of the set target. The capital supported by the government for Vietnam Bank for Social Policies is 3,163.9/9,000 billion VND, reaching 35% of the demand in the period of 2016 – 2020 [1], while the private sector has not been really interested in this field. The article analyzes the current situation of capital attraction for social housing development in Vietnam, identifies the achievements and shortcomings, at the same time establishes and evaluates the influencing factors, thereby proposing some solutions for capital attraction for this task.