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The Hanoi People's Committee publishes
comments on the draft of rental prices 

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for social housing invested
by enterprises or cooperatives. 

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Accordingly, the highest social housing
rental price applied to a 70m2 apartment 

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in a building with over 30 floors is up
to 13.9 million VND per apartment per month. 

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Commenting on this issue, Mr. Nguyen
Hoang Nam, General Director of G-Home 

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Joint Stock Company, a Social Housing
Development Enterprise, said that the 

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above price has many unreasonable points. 

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And the price is like nearly 200,000 per
square meter and a 70 square meter 

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apartment even in Hanoi and Ho Chi Minh
City for a 70 square meter 3 bedroom 

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social housing it is even higher than a
high-end apartment and has interior spraying. 

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So our rental policy is
completely unworkable. 

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Not to mention the procedures to rent
social housing, although much simpler, 

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are still much more complicated
than public housing. 

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Commenting on this issue, Dr. Tran Xuan
Luong, Deputy Director of the Vietnam 

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Institute for Real Estate Market Research and Evaluation, said: 

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There should be price support
policies for social housing tenants. 

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In my opinion, we have to divide
the rental level into two groups. 

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The first is the subject that needs
accommodation, that is, here we only 

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provide accommodation for subjects such
as workers or students or people who do 

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not really have a stable life. 

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So the price of this accommodation I
think it must be socially acceptable. 

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As for the price of tens of millions for
a 70 square meter apartment, I think it 

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is not reasonable for the
average income of working people. 

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But if we don't have price support
policies and let the laborers rent 

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houses and pay water prices themselves,
I think it's not reasonable at 

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the present time. 

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Currently, the determination of social
housing rental prices in Hanoi is 

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implemented according to Decision 25-2019. 

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Accordingly, the investor will appraise
the rental price, lease-purchase price 

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of social housing and submit it to the construction department. 

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After approval, the investor will issue
the selling, rental and hire-purchase prices. 

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in principle not higher than the price assessed by the appraisal department.