Strict implementation of regulation on reserving 20% of land fund for social housing

The Dong Nai Provincial People’s Committee has issued a directive requesting provincial departments, agencies, and commune and ward-level People’s Committees to thoroughly implement the Government’s regulations on the development of social housing.

The directive also calls for strengthened communication to investors, organizations, and individuals regarding their obligation to pay an amount equivalent to 20% of the land fund designated for social housing within commercial housing projects.

A commercial housing project in Bien Hoa ward submits a written request to pay money equivalent to the value of 20% of the land fund reserved for social housing development. Photo: Ban Mai

The Department of Construction, in coordination with the Department of Finance, the Department of Agriculture and Environment, local People's Committees, and relevant units, is responsible for monitoring and expediting progress on social housing projects to ensure the completion of targets assigned by the Prime Minister for 2025 and the following years. The Department is also tasked with studying and advising the Provincial People’s Committee on a list of eligible commercial housing projects permitted to fulfill their obligations through monetary payment, to be submitted by November 29, 2025.

Dong Nai Province currently has numerous commercial real estate projects underway or about to be implemented. Under the new regulations, project developers are permitted to make a monetary payment equivalent to 20% of the value of the land allocated for social housing development within the project. In cases of late payment, developers are subject to late fees in accordance with tax administration laws.

By Ban Mai – Translted by Thuc Oanh, Minho