Rental support for key workers on the way in Vietnam

VIETNAM: The labour ministry has proposed a housing subsidy scheme for workers in key industrial parks and special economic zones.

Under the Ministry of Labor, Invalids and Social Affairs' draft plan, identified workers will receive up to VND 1 million (USD 44) each month for up to three months. The total support from the national budget would be worth around VND 6.6 trillion (USD289 million).

Qualified employees will be industrial park and major economic zone workers, who are have also been apartment tenants between January 1 and June 30, 2022, and with labour contracts beginning before January 1.

Around 70% of workers in Vietnam are apartment tenants, with high property costs and low minimum wages keeping the majority of that group out of the permanent property market.

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