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According to a press release from the Government Office, on the afternoon of May 25, at the Government headquarters, Prime Minister Le Minh Hung chaired a working session with the Hanoi Peoples Committee and ministries and branches on rental housing development in the capital. Download The Prime Minister chaired a working session on rental housing development in Hanoi. Also attending were comrade Pham Gia Tuc, Politburo member, Standing Deputy Prime Minister; Comrade Tran Duc Thang, Politburo member, Secretary of Hanoi Party Committee; Comrades of the Party Central Committee, leaders of ministries, branches, central agencies and Hanoi City. The working session aimed to urgently implement the instructions according to notice No. 64-TB/VPTW dated May 22, 2026 on the conclusions of General Secretary and President To Lam at a working session with a number of agencies on the implementation of Directive No. 34-CT/TW of the Secretariat on social housing and housing development orientation in the near future. Notice No. 64-TB/TW clearly stated: in addition to housing for sale, priority must be given to developing housing for rent, especially apartment rental models in large urban areas, industrial parks, economic zones, dynamic regions and important economic corridors. At the meeting, at the request of the Prime Minister, delegates focused on assessing the actual demand for rental housing in the Capital according to each segment and target group; clarify the gap between current demand and supply capacity; Objective and subjective reasons. Along with that, discuss models and methods to develop rental housing; Identify procedural solutions; mechanism for mobilizing resources, especially private capital flows and long-term capital flows; clarify the role of preferential credit tools; Proposing contents that need to be included in amending and supplementing relevant laws to create a consistent and stable legal corridor. In his concluding remarks, Prime Minister Le Minh Hung emphasized that the meeting reached a high consensus on the approach to continue to promptly institutionalize the Partys policies and guidelines, perfect mechanisms and policies and implement the tasks of developing rental housing. The Prime Minister clearly stated that developing commercial housing segments in accordance with affordability and housing for rent is a major policy of the Party and State, consistently affirmed through Directive No. 34-CT/TW of the Secretariat and recently Announcement No. 64-TB/VPTW. In particular, the direction of General Secretary and President To Lam on prioritizing the development of rental housing, especially the rental apartment model, is a strategic orientation and has fundamental significance, changing the thinking on the development of our countrys housing market during the period. According to the Prime Minister, Hanoi is the capital, the national political and administrative center, and one of the cities with the fastest urbanization rate in the country. Choosing Hanoi to discuss in depth, discuss carefully, and agree on a specific feasible plan to make first and serve as a point for developing rental housing is to learn from experience and perfect the policy mechanism quickly and synchronously; At the same time, it serves as a basis for replication to other large urban areas and key economic regions. Delegates agreed to evaluate that in recent times, the development of social housing in general and rental housing in particular has achieved positive results. Institutions and policies have been completed one step; Investment and construction procedures are simplified; Beneficiaries are expanded; The supply of social housing increased significantly. Hanoi has completed and exceeded the social housing development target for 2025 and is implementing a large number of projects for the coming period. However, the Prime Minister stated that it is necessary to frankly identify shortcomings and bottlenecks, especially the housing market, which still has a serious mismatch between supply and demand; The product structure favors commercial housing and housing for sale, while the segment of long-term rental housing with prices suitable for peoples income is still very limited. Along with that, a part of public housing assets is used ineffectively, causing waste; Mechanisms and policies are not attractive enough to attract the private sector to invest in long-term rental housing. Commenting that these are issues that cannot be resolved overnight, but must start working immediately, drastically, cannot delay, on the basis of deeply grasping the conclusions of General Secretary and President To Lam in Announcement No. 64-TB/VPTW, Prime Minister Le Minh Hung emphasized a number of major guiding viewpoints for ministries, branches and the City. Hanoi is unified in awareness and action. Firstly, it is necessary to strongly shift thinking about housing: from mainly developing commercial housing, to simultaneously developing both commercial housing and rental housing, in which rental housing is identified as a strategic, long-term segment, serving a large number of people, especially workers, laborers, students, officials, civil servants, public employees and the armed forces who have a huge need for renting housing at reasonable prices. Second, the State does not subsidizes housing but does not completely let the market self-regulate. The State plays a constructive role through institutions and policies, including land policies, planning and financial and credit tools for the market to develop healthily and transparently. Businesses participate with reasonable profits; fishPeople have access to stable, long-term, safe, affordable housing. Third, rental housing development must be placed in the overall urban planning, land use planning, industrial park development planning, public transportation, labor market and population management. Priority should be given to linking rental housing with the public transp
