Vingroup builds 61,000 social houses, driving Vietnam to reach one million homes target
Vietnamese conglomerate Vingroup is developing Happy Home projects in several provinces, providing affordable apartments for workers and low-income families and supporting the government’s 2030 social housing strategy.
THE HANOI TIMES — Vietnamese conglomerate Vingroup today (October 15) announced a plan to build about 61,000 social housing units in seven provinces and cities, reaffirming its commitment to social welfare and better living conditions for workers and low-income earners.
Of the total, Vingroup is constructing and marketing around 11,000 social housing units in coastal localities such as Haiphong, Thanh Hoa, Quang Tri and Khanh Hoa. The group also plans to build another 50,000 units in Hung Yen, Ho Chi Minh City and Tay Ninh.
Rendered image of the Happy Home Trang Cat project, located in Haiphong's Dinh Vu Economic Zone. Photo courtesy by the company
These homes are part of Vingroup’s Happy Home project, which supports the Government’s 2030 strategy to develop social housing for low-income earners and industrial park workers. Under this strategy, Vingroup aims to build 500,000 social housing units nationwide.
In the northern port city of Haiphong, the Happy Home Trang Cat project in the Dinh Vu Economic Zone covers more than 28 hectares and includes 27 apartment buildings with 3,800 units, along with 59 outdoor facilities such as parks, gardens and sports areas.
In the central province of Thanh Hoa, Happy Home Ha Thanh spans nearly 9.2 hectares with 18 buildings housing 2,800 apartments, each ranging from 45m² to 71m². The first phase was launched in March 2025, while the second phase opened for sale on October 15.
In Khanh Hoa, a coastal province in the south central region, construction is progressing on an 87.6-hectare Happy Home Bac Cam Ranh project that will provide 4,140 social housing units.
Vingroup also plans to develop additional Happy Home projects in the northern province of Hung Yen (5,500 units), Ho Chi Minh City (31,500–33,500 units) and the southern province of Tay Ninh (2,300 units).
According to Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, the group aims to complete projects “at the fastest pace and with the highest standards”, ensuring social housing meets the same comfort and quality as commercial developments.
Vingroup is one of 18 developers selected by the Ministry of Construction in early October 2025 to implement social housing projects across 15 provinces and cities with high demand, such as major cities of Hanoi, Ho Chi Minh City, Haiphong and Danang, and provinces of Quang Ninh, Dong Nai and Bac Ninh
The Government plans to build and operate one million social housing units nationwide by 2030 to meet the needs of workers and low-income earners.
According to the Ministry of Construction, developers are currently building 132,600 social housing units nationwide. In January-September, 73 new projects started construction, totaling 57,800 homes.
The Government on October 10 issued Decree 261, which revises existing regulations on social housing. The decree raises the income cap for eligibility to VND20 million (US$760) per month for individuals, VND40 million ($1,520) for married couples and VND30 million ($1,140) for single parents raising minor children.
