<p>河内——越南正在考虑对社会住房的转售实施更严格的控制，以维护其为低收入居民服务的角色，提案将限制买家在当前五年持有期后仍可转售。</p>
<p>建设部提议将社会住房的转售限制在现有五年限制之外，确保补贴住房继续服务于其预期受益人。</p>
<p>根据正在公开征求意见的 2023 年住房法草案修正案，业主在五年期满后将不再被允许在公开市场上自由出售他们的公寓。相反，转售仅允许符合社会住房支持资格的买家进行。</p>
<p>根据现行规定，一旦业主完全支付了房产并在五年后获得所有权证书，他们可以在买家上没有限制的情况下出售。</p>
<p>根据该部的说法，现有机制导致社会住房的供应减少，因为许多单位后来被像商业物业一样交易，而不是保留给低收入者。</p>
<p>由于土地资源有限，且主要城市低收入居民的需求强烈，提议的变更旨在保护政策的社会福利目的。</p>
<p>市场数据显示，许多社会住房项目的价格随着时间的推移急剧上涨，在某些情况下接近商业住房的价格。</p>
<p>一些最初定价为每平方米 13-17 百万越南盾的开发项目，现在的报价约为每平方米 75-80 百万越南盾，或每单位超过 50 亿越南盾，价格水平与一些商业住房相当。</p>
<p>即使是新推出的项目也在设定更高的价格基准，缩小了低收入买家获得住房的机会。</p>
<p>早些时候，越南房地产经纪人协会的房地产研究与评估院提议，在五年限制期后，转售应优先考虑符合条件的买家，并需获得当局的批准。如果房屋出售给目标群体以外的买家，卖方应退还他们所获得的补贴。</p>
<p><strong>不同的意见</strong></p>
<p>对社会住房转售规则收紧的提案引发了不同的反应，政策制定者试图在社会福利目标与财产权和市场现实之间取得平衡。</p>
<p>虽然一些人支持更严格的控制以遏制投机，但其他人表示，政策必须在福利目标和所有权权利之间找到谨慎的平衡，并需有明确详细的实施规则。</p>
<p>来自胡志明市法学院的 Ngô Gia Hoàng 将该提案形容为 “苦涩但必要的药方”，以恢复社会住房的真正目的，即支持低收入家庭，而不是作为投机工具。</p>
<p>然而，他警告说，过于严格的执行可能会降低资产流动性，缩小潜在买家的范围，影响业主的合法权利，并呼吁更灵活的政策设计。</p>
<p>国际经验也被引用。在新加坡，限制期根据项目位置和激励措施的不同而有所不同，并根据实际居住情况而非全额付款日期进行计算。</p>
<p>根据新加坡的最低居住期制度，买家必须在补贴公寓中居住固定期限，通常在五到二十年之间，才能进行转售。</p>
<p>即使在此期限之后，交易仍需遵循包括买家资格和住房当局批准等条件。</p>
<p>Hoàng 表示，社会住房单位应允许以市场价格转售，卖方需就原购价格与转售价格之间的差额支付所得税，使国家能够收回政策激励所产生的部分增值。</p>
<p>根据律师 Phạm Thanh Tuấn 的说法，限制转让给符合条件的买家是必要的，以维护社会福利功能，并确保住房库存继续服务于低收入群体。</p>
<p>社会住房并非纯粹的市场商品，因为进入已经受到政策标准的限制，因此在二次交易中保持限制是一致的。</p>
<p>“草案修正案并未剥夺转让所有权的权利。业主仍然可以转售他们的房屋，但买家必须符合资格要求。转让权仍然存在，但在一个明确的法律框架内。这是对交易伙伴的有条件限制，而不是剥夺财产权，” 他说。</p>
<p>他补充说，透明的机制、合理的过渡路线图以及监管控制与灵活性之间的平衡将是政策可行的关键。</p>
<p>来自社会住房开发商 Viglacera 的代表表示，需要更清晰的转售定价和实施程序指导，以确保实用性。</p>
<p>然而，虽然提议的规则可能适合河内和胡志明市等市场，但它们可能会减缓其他地方社会住房的发展，因为买家可能会变得更加谨慎。</p>
<p>除了收紧转售规则，草案还提议提高资格的收入门槛。</p>
<p>根据提案，单身申请者的月收入上限可达 25 百万越南盾，而之前约为 20 百万。对于单亲家庭，月收入上限可提高至 35 百万越南盾，而夫妻的合并月收入上限可达约 50 百万越南盾。</p>
<p>这一调整旨在解决一群收入过高而无法获得社会住房，但又不足以负担商业物业的城市居民。</p>
<p>截至 2026 年 2 月，越南全国有 220 个社会住房项目正在开发，总计 215,000 个单位。</p>
<p>草案修正案预计将在 2026 年 6 月底前提交给政府，并于 10 月提交给国会批准。——越南新闻社</p>

PP越南

XTR越南

越南 ETF - VanEck Vectors

PP越南-U

VNAM

<p>越南提议对社会住房的转售实施更严格的控制，以确保其对低收入居民保持可及性。2023 年住房法的修订草案建议即使在当前五年的持有期之后，也限制转售给符合条件的买家。建设部旨在防止社会住房被视为商业物业，因为价格已经大幅上涨。该提案引发了不同的反应，一些人主张加强控制以遏制投机，而另一些人则强调在社会福利和财产权之间需要取得平衡。草案还建议提高符合条件的收入门槛</p>

<p>HÀ NỘI — Việt Nam is considering tighter controls on the resale of social housing to preserve its role for low-income residents, under a proposal that would restrict buyers even after the current five-year holding period.</p>
<div class="lb-trans"><p>河内——越南正在考虑对社会住房的转售实施更严格的控制，以维护其为低收入居民服务的角色，提案将限制买家在当前五年持有期后仍可转售。</p>
</div><p>The Ministry of Construction has proposed limiting resale of social housing to eligible buyers beyond the existing five-year restriction, to ensure subsidised homes continue serving their intended beneficiaries.</p>
<div class="lb-trans"><p>建设部提议将社会住房的转售限制在现有五年限制之外，确保补贴住房继续服务于其预期受益人。</p>
</div><p>Under a draft amendment to the Law on Housing 2023, now open for public consultation, owners would no longer be allowed to sell their apartments freely on the open market after the five-year period. Instead, resales would be permitted only to buyers who meet the eligibility criteria for social housing support.</p>
<div class="lb-trans"><p>根据正在公开征求意见的 2023 年住房法草案修正案，业主在五年期满后将不再被允许在公开市场上自由出售他们的公寓。相反，转售仅允许符合社会住房支持资格的买家进行。</p>
</div><p>Under current regulations, once owners have fully paid for their property and obtained ownership certificates after five years, they can sell without restrictions on the buyer.</p>
<div class="lb-trans"><p>根据现行规定，一旦业主完全支付了房产并在五年后获得所有权证书，他们可以在买家上没有限制的情况下出售。</p>
</div><p>According to the ministry, the existing mechanism has contributed to a shrinking pool of social housing, as many units are later traded like commercial property rather than retained for low-income earners.</p>
<div class="lb-trans"><p>根据该部的说法，现有机制导致社会住房的供应减少，因为许多单位后来被像商业物业一样交易，而不是保留给低收入者。</p>
</div><p>With limited land resources and strong demand from lower-income residents in major cities, the proposed changes are aimed at safeguarding the social welfare purpose of the policy.</p>
<div class="lb-trans"><p>由于土地资源有限，且主要城市低收入居民的需求强烈，提议的变更旨在保护政策的社会福利目的。</p>
</div><p>Market data indicate that prices at many social housing projects have risen sharply over time, in some cases approaching those of commercial housing.</p>
<div class="lb-trans"><p>市场数据显示，许多社会住房项目的价格随着时间的推移急剧上涨，在某些情况下接近商业住房的价格。</p>
</div><p>Several developments initially priced at VNĐ13–17 million per sq.m are now offered at around VNĐ75–80 million per sq.m, or more than VNĐ5 billion per unit, levels comparable to some commercial housing.</p>
<div class="lb-trans"><p>一些最初定价为每平方米 13-17 百万越南盾的开发项目，现在的报价约为每平方米 75-80 百万越南盾，或每单位超过 50 亿越南盾，价格水平与一些商业住房相当。</p>
</div><p>Even newly launched projects are setting higher price benchmarks, narrowing access to home ownership for low-income buyers.</p>
<div class="lb-trans"><p>即使是新推出的项目也在设定更高的价格基准，缩小了低收入买家获得住房的机会。</p>
</div><p>Earlier, the Vietnam Association of Real Estate Brokers’ Institute for Real Estate Research and Evaluation proposed that after the five-year restriction period, resales should prioritise eligible buyers and require approval from authorities. If homes are sold to buyers outside the target group, sellers should return the incentives they received.</p>
<div class="lb-trans"><p>早些时候，越南房地产经纪人协会的房地产研究与评估院提议，在五年限制期后，转售应优先考虑符合条件的买家，并需获得当局的批准。如果房屋出售给目标群体以外的买家，卖方应退还他们所获得的补贴。</p>
</div><p><strong>Mixed opinions</strong></p>
<div class="lb-trans"><p><strong>不同的意见</strong></p>
</div><p>The proposal to tighten resale rules for social housing is drawing mixed reactions, as policymakers seek to balance social welfare objectives with property rights and market realities.</p>
<div class="lb-trans"><p>对社会住房转售规则收紧的提案引发了不同的反应，政策制定者试图在社会福利目标与财产权和市场现实之间取得平衡。</p>
</div><p>While some support stricter controls to curb speculation, others say the policy must strike a careful balance between welfare goals and ownership rights, supported by clear and detailed implementation rules.</p>
<div class="lb-trans"><p>虽然一些人支持更严格的控制以遏制投机，但其他人表示，政策必须在福利目标和所有权权利之间找到谨慎的平衡，并需有明确详细的实施规则。</p>
</div><p>Ngô Gia Hoàng from HCM City University of Law described the proposal as a “bitter but necessary medicine” to restore the true purpose of social housing as support for low-income households rather than a vehicle for speculation.</p>
<div class="lb-trans"><p>来自胡志明市法学院的 Ngô Gia Hoàng 将该提案形容为 “苦涩但必要的药方”，以恢复社会住房的真正目的，即支持低收入家庭，而不是作为投机工具。</p>
</div><p>However, he cautioned that overly rigid application could reduce asset liquidity and narrow the pool of potential buyers, affecting homeowners’ legal rights, and called for a more flexible policy design.</p>
<div class="lb-trans"><p>然而，他警告说，过于严格的执行可能会降低资产流动性，缩小潜在买家的范围，影响业主的合法权利，并呼吁更灵活的政策设计。</p>
</div><p>International experience has also been cited. In Singapore, restriction periods vary depending on project location and incentives and are calculated based on actual occupancy rather than the date of full payment.</p>
<div class="lb-trans"><p>国际经验也被引用。在新加坡，限制期根据项目位置和激励措施的不同而有所不同，并根据实际居住情况而非全额付款日期进行计算。</p>
</div><p>Under Singapore’s Minimum Occupation Period system, buyers must live in subsidised flats for a fixed period, typically between five and 20 years, before resale is permitted.</p>
<div class="lb-trans"><p>根据新加坡的最低居住期制度，买家必须在补贴公寓中居住固定期限，通常在五到二十年之间，才能进行转售。</p>
</div><p>Even after this period, transactions remain subject to conditions including buyer eligibility and approval from housing authorities.</p>
<div class="lb-trans"><p>即使在此期限之后，交易仍需遵循包括买家资格和住房当局批准等条件。</p>
</div><p>Hoàng said social housing units should be allowed to be resold at market rates, with sellers paying income tax on the difference between the original purchase price and the resale price, allowing the State to recover part of the added value generated by policy incentives.</p>
<div class="lb-trans"><p>Hoàng 表示，社会住房单位应允许以市场价格转售，卖方需就原购价格与转售价格之间的差额支付所得税，使国家能够收回政策激励所产生的部分增值。</p>
</div><p>According to Phạm Thanh Tuấn, a lawyer, restricting transfers to eligible buyers is necessary to preserve the social welfare function and ensure the housing stock continues to serve low-income groups.</p>
<div class="lb-trans"><p>根据律师 Phạm Thanh Tuấn 的说法，限制转让给符合条件的买家是必要的，以维护社会福利功能，并确保住房库存继续服务于低收入群体。</p>
</div><p>Social housing is not purely a market commodity since access is already limited by policy criteria, so maintaining restrictions in secondary transactions is consistent.</p>
<div class="lb-trans"><p>社会住房并非纯粹的市场商品，因为进入已经受到政策标准的限制，因此在二次交易中保持限制是一致的。</p>
</div><p>&#34;The draft amendment does not remove the right to transfer ownership. Owners can still resell their homes, but buyers must meet eligibility requirements. The right to transfer still exists, but within a defined legal framework. It is a conditional limitation on transaction partners, not a removal of property rights,” he said.</p>
<div class="lb-trans"><p>“草案修正案并未剥夺转让所有权的权利。业主仍然可以转售他们的房屋，但买家必须符合资格要求。转让权仍然存在，但在一个明确的法律框架内。这是对交易伙伴的有条件限制，而不是剥夺财产权，” 他说。</p>
</div><p>He added that transparent mechanisms, a reasonable transition roadmap and a balance between regulatory control and flexibility would be essential for the policy to be workable.</p>
<div class="lb-trans"><p>他补充说，透明的机制、合理的过渡路线图以及监管控制与灵活性之间的平衡将是政策可行的关键。</p>
</div><p>A representative from social housing developer Viglacera said clearer guidance on resale pricing and implementation procedures would be needed to ensure practicality.</p>
<div class="lb-trans"><p>来自社会住房开发商 Viglacera 的代表表示，需要更清晰的转售定价和实施程序指导，以确保实用性。</p>
</div><p>However, while the proposed rules may suit markets such as Hà Nội and HCM City, they could slow the development of social housing in other localities, as buyers may become more cautious.</p>
<div class="lb-trans"><p>然而，虽然提议的规则可能适合河内和胡志明市等市场，但它们可能会减缓其他地方社会住房的发展，因为买家可能会变得更加谨慎。</p>
</div><p>Alongside tighter resale rules, the draft also proposes raising income thresholds for eligibility.</p>
<div class="lb-trans"><p>除了收紧转售规则，草案还提议提高资格的收入门槛。</p>
</div><p>Under the proposal, single applicants earning up to VNĐ25 million per month could qualify, compared with around VNĐ20 million previously. For single parents, the ceiling could rise to VNĐ35 million per month, while the combined monthly income threshold for couples could reach about VNĐ50 million.</p>
<div class="lb-trans"><p>根据提案，单身申请者的月收入上限可达 25 百万越南盾，而之前约为 20 百万。对于单亲家庭，月收入上限可提高至 35 百万越南盾，而夫妻的合并月收入上限可达约 50 百万越南盾。</p>
</div><p>The adjustment aims to address a growing group of urban residents whose incomes are too high for social housing yet insufficient to afford commercial property.</p>
<div class="lb-trans"><p>这一调整旨在解决一群收入过高而无法获得社会住房，但又不足以负担商业物业的城市居民。</p>
</div><p>As of February 2026, Việt Nam had 220 social housing projects under development nationwide, with a total of 215,000 units.</p>
<div class="lb-trans"><p>截至 2026 年 2 月，越南全国有 220 个社会住房项目正在开发，总计 215,000 个单位。</p>
</div><p>The draft amendment is expected to be submitted to the Government by the end of June 2026 and to the National Assembly for approval in October. — VNS</p>
<div class="lb-trans"><p>草案修正案预计将在 2026 年 6 月底前提交给政府，并于 10 月提交给国会批准。——越南新闻社</p>
</div>

草案法律旨在将社会住房的转售限制在符合条件的买家范围内