Publication:
Vietnam Affordable Housing: A Way Forward

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2015-11-09T22:46:46Z
dc.date.available2015-11-09T22:46:46Z
dc.date.issued2015-10-16
dc.description.abstractAffordable housing will be instrumental to helping Vietnam achieve its goals for increasing productivity and inclusive urban growth. Since Doi Moi, the country has experienced impressive economic growth, averaged at 7.4 percent per annum from 1990 to 2008, lowering to an average of 6 percent per annum from 2007 to 2013. Strong economic growth has supported a substantial reduction in poverty, from 58 percent in 1993 to 17 percent in 20121. Yet, the country has remained largely rural, with more than half of its population working in the agricultural sector, which only contributed 17 percent of GDP in 20142. In some countries, urbanization has been used as a tool to accelerate economic growth and poverty reduction. As Vietnam aims to maintain a high growth rate, supporting urbanization, where cities contribute a growing share of jobs and GDP, will be an important measure. This structural shift will drive population growth and new demand for housing in cities, for which quality and affordable housing options in well-serviced and connected settlements will be needed. Areas of particular importance in the Law is support toward self-built housing, the active participation of the private sector, addressing the shortage of affordable rental housing as well as high demand for housing from low income groups, especially workers in industrial zones of large cities. This report, which includes a comprehensive assessment and roadmap for affordable housing in Vietnam, recommends the following key messages moving forward: increase investment, Prepare Three Flagship Initiatives under an umbrella National Affordable Housing Program, Institutional Strengthening, Land Tax Reform, and Create an Enabling Environment for Affordable Housing. Moving forward, design of the market-oriented measures described above will require intensive and careful consultation and engagement with all housing sector actors, particularly the private sector. Private sector will need to play an active role in the early preparation to ensure their participation and commitment that carries through to implementation of policy measures on the financing and supply side.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/11/25251585/vietnam-affordable-housing-way-forward
dc.identifier.doi10.1596/22921
dc.identifier.urihttps://hdl.handle.net/10986/22921
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectHOUSING PROVISION
dc.subjectEMPLOYMENT
dc.subjectCAPITAL MARKETS
dc.subjectFINANCIAL SERVICES
dc.subjectREGULATORY FRAMEWORK
dc.subjectLAND TAXES
dc.subjectACCOUNTING
dc.subjectDEPOSITS
dc.subjectURBANIZATION
dc.subjectREVENUE MOBILIZATION
dc.subjectURBAN GROWTH
dc.subjectRETIREMENT
dc.subjectFINANCIAL MANAGEMENT
dc.subjectPRINCIPAL
dc.subjectAUTONOMY
dc.subjectBANKING INDUSTRY
dc.subjectINTEREST
dc.subjectLAWS
dc.subjectGUARANTEES
dc.subjectPRIVATIZATION
dc.subjectINDUSTRY
dc.subjectSAVINGS ACCOUNTS
dc.subjectLOCAL GOVERNMENTS
dc.subjectBANKING SYSTEM
dc.subjectCAPITAL BASE
dc.subjectSTRATEGIES
dc.subjectWATER SUPPLY
dc.subjectSERVICES
dc.subjectPRIVATE HOUSING
dc.subjectSEWAGE
dc.subjectPUBLIC SERVICES
dc.subjectHOUSING
dc.subjectMORTGAGE LENDING
dc.subjectCONSUMPTION TAXES
dc.subjectDEFAULT RISK
dc.subjectCAPITAL ADEQUACY
dc.subjectREORGANIZATION
dc.subjectLOAN CLASSIFICATION
dc.subjectPRICING
dc.subjectEQUITY • CAPITAL
dc.subjectPROJECTS
dc.subjectREAL ESTATE LOANS
dc.subjectASSET MANAGEMENT
dc.subjectECONOMIC STABILITY
dc.subjectSAVING
dc.subjectCENTRAL BANKS
dc.subjectINFLATION
dc.subjectOPERATING MARGINS
dc.subjectLAND PRICES
dc.subjectMUNICIPALITIES
dc.subjectAUDITS
dc.subjectBUDGET
dc.subjectCAPITAL LOANS
dc.subjectPUBLIC HOUSING
dc.subjectPUBLIC POLICY
dc.subjectEQUITY CAPITAL
dc.subjectLOAN PORTFOLIO QUALITY
dc.subjectSAVINGS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectPENALTIES
dc.subjectPRIVATE SECTOR HOUSING
dc.subjectEFFECTIVE GOVERNANCE
dc.subjectTRANSPORT
dc.subjectPRIVATE BANKS
dc.subjectMETROPOLITAN AREAS
dc.subjectCOLLECTIONS
dc.subjectRECURRENT EXPENDITURES
dc.subjectPRODUCTIVITY
dc.subjectINTEREST RATES
dc.subjectEXTERNALITIES
dc.subjectMIGRATION
dc.subjectTRANSFERS
dc.subjectRECAPITALIZATION
dc.subjectCRITERIA
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectSPECIAL CITIES
dc.subjectMARKETS
dc.subjectDEBT
dc.subjectLOCAL GOVERNMENT
dc.subjectLEGISLATION
dc.subjectDEFICITS
dc.subjectCOLLECTION SERVICES
dc.subjectLOANS
dc.subjectLABOR
dc.subjectENTERPRISES
dc.subjectBAD DEBT
dc.subjectRATE OF MIGRATION
dc.subjectNATURAL RESOURCES
dc.subjectLAND DEVELOPMENT
dc.subjectINVENTORY
dc.subjectLAND VALUE
dc.subjectSUBSIDIES
dc.subjectREAL SECTOR
dc.subjectLEGAL FRAMEWORK
dc.subjectFINANCE
dc.subjectGRANTS
dc.subjectADMINISTRATIVE COSTS
dc.subjectINFRASTRUCTURE
dc.subjectTAXES
dc.subjectBANKING SECTOR
dc.subjectLAND USE
dc.subjectBANKS
dc.subjectEQUITY
dc.subjectINSURED DEPOSITS
dc.subjectLAND SPECULATION
dc.subjectACCOUNTABILITY
dc.subjectCAPITAL
dc.subjectWAGES
dc.subjectCOMMERCIAL CREDIT
dc.subjectIMPAIRED ASSETS
dc.subjectSOCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectSAVINGS PROGRAMS
dc.subjectSOVEREIGN RISK
dc.subjectSUBSIDIARIES
dc.subjectVALUE
dc.subjectGOVERNMENT BANKS
dc.subjectBANK
dc.subjectSTATE ENTERPRISES
dc.subjectCREDIT
dc.subjectBUDGETS
dc.subjectLARGE CITIES
dc.subjectCOLLATERALIZATION
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectMANAGEMENT INFORMATION SYSTEMS
dc.subjectEQUITY INVESTMENTS
dc.subjectINCOME DISTRIBUTION
dc.subjectCAPITALIZATION
dc.subjectPUBLIC TRANSPORT
dc.subjectPROPERTY
dc.subjectMANDATES
dc.subjectFOREIGN BANKS
dc.subjectAFFILIATES
dc.subjectTRADE UNIONS
dc.subjectRENTAL HOUSING
dc.subjectMARKET VALUE
dc.subjectURBAN DEVELOPMENT
dc.subjectACTUAL COST
dc.subjectPUBLIC DEBT
dc.subjectSUBSIDIARY
dc.subjectRISK FACTORS
dc.subjectCONTRACTUAL SAVINGS
dc.subjectPROFITABILITY
dc.subjectCREDIT RISK
dc.subjectGOVERNANCE
dc.subjectINSURANCE
dc.subjectCAPITAL GRANTS
dc.subjectTAXATION
dc.subjectMICROFINANCE
dc.subjectNEW ENTRANTS
dc.subjectHOUSING DEMAND
dc.subjectPUBLIC AGENCIES
dc.subjectPROPERTY TRANSFERS
dc.subjectLAND
dc.subjectRESERVE RATIOS
dc.subjectRISK
dc.subjectCOMMERCIAL BANKS
dc.subjectSAVINGS PAYMENTS
dc.subjectMORTGAGE LOANS
dc.subjectSUBNATIONAL GOVERNMENTS
dc.subjectBANKING
dc.subjectCIT
dc.subjectFINANCIAL PLANNING
dc.subjectDECENTRALIZATION
dc.subjectREVENUE
dc.subjectRISK MANAGEMENT
dc.subjectLOCAL GOVERNMENT STRUCTURES
dc.subjectLENDING
dc.subjectCAPITAL EXPENDITURES
dc.subjectTAX REFORM
dc.subjectSAVINGS SCHEMES
dc.subjectADB
dc.subjectGOVERNMENTS
dc.subjectURBAN HOUSING
dc.subjectPUBLIC TRANSPORTATION
dc.subjectBANK OF THAILAND
dc.subjectLAND VALUE TAXATION
dc.subjectINTERNATIONAL BANKS
dc.subjectCOST OF CAPITAL
dc.subjectLAND SUPPLY
dc.subjectNONPERFORMING LOANS
dc.subjectAUDITING
dc.subjectCAPITAL ADEQUACY RATIOS
dc.subjectLENDING INSTITUTIONS
dc.subjectCONSOLIDATION
dc.subjectGOVERNMENT INTERVENTION
dc.subjectHOUSING LAWS
dc.titleVietnam Affordable Housingen
dc.title.subtitleA Way Forwarden
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2015-11-05
okr.date.doiregistration2025-05-07T08:55:28.684631Z
okr.doctypeEconomic & Sector Work::Other Urban Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2015/11/25251585/vietnam-affordable-housing-way-forward
okr.guid261031467995434546
okr.guid240541467995097856
okr.identifier.externaldocumentum090224b08319820b_1_0
okr.identifier.internaldocumentum25251585
okr.identifier.report100706
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/11/05/090224b08319820b/1_0/Rendered/PDF/Vietnam000Affo0sing000a0way0forward.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryViet Nam
okr.sectorPublic Administration, Law, and Justice
okr.themeUrban development :: Urban services and housing for the poor
okr.topicHousing Human Habitats
okr.topicFinancial Literacy
okr.topicAccess to Finance
okr.topicPublic Sector Development
okr.topicFinance and Financial Sector Development
okr.topicCommunities and Human Settlements
okr.unitGlobal Practice on Social, Urban, Rural & Resilience (GSURR)
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