Vietnam has launched 40 new social housing projects in the first four months of 2026, adding more than 36,590 apartments, equivalent to 23% of this year’s target, according to the Ministry of Construction.

Cumulatively, the country is now implementing 786 social housing projects with a combined scale of over 725,000 units, fulfilling 72.5% of the national goal to build at least one million social housing apartments between 2021 and 2030.

The push comes as demand for affordable housing among low-income earners, industrial workers, and urban laborers continues to rise, prompting local authorities to accelerate project development to expand supply and improve access to homeownership.

The expansion of the social housing segment is expected to help ease affordability pressures, particularly as property prices in major cities remain persistently high.

Data from Cushman & Wakefield Vietnam shows that Hanoi’s apartment market has experienced substantial price growth over the past decade. Total housing supply has increased 2.9 times, while average primary market prices have surged by 288%, representing a compound annual growth rate (CAGR) of around 11%. The consultancy attributed the sustained price increases partly to a shortage of housing that remains affordable for the broader population.