Affordable Housing and Social Housing in Vietnam: Current Situation - Challenges and Vietnam - Korea Cooperation Orientation

In general, social housing and affordable housing play an important role in sustainable urban development, contributing to social security and improving the quality of life of citizens. However, Vietnam currently faces numerous challenges in social housing development, including financial constraints, inconsistent policies, and lack of land to meet actual demand. Recently, efforts have been made to expand the construction and supply of social housing through the revision of the Housing Law, including providing sufficient incentives for enterprises, simplifying administrative procedures, and enhancing transparency and efficiency in management and supervision. South korea has successfully implemented various housing support policies, integrating public-private partnerships and digital technologies to achieve transparent management and resource optimization. This can be presented as a feasible approach in Vietnam. Vietnam can adopt various suitable models from advanced countries, including Korea, to improve the efficiency of social housing development. The establishment of a sustainable financial fund, attracting private investment through incentive policies, strengthening management efficiency and housing allocation, price control and anti-speculation measures, and promoting the housing cooperative model can be discussed. If the Vietnamese government effectively implements these solutions and implications, it will be able to develop a sustainable social housing system that contributes to modern urban development, improves living standards, and ensures equitable access to housing.