Decree No. 302/2025/NĐ-CP details the National Housing Fund and measures to implement Resolution No. 201/2025/QH15 dated May 29, 2025 of the National Assembly on pilot special mechanisms and policies for social housing development.

DECREE

Detailed regulations on the National Housing Fund and implementation measures
Pursuant to Resolution No. 201/2025/QH15 dated May 29, 2025 of the National Assembly
piloting certain special mechanisms and policies for social housing development

 

Pursuant to the Government Organization Law number 63/2025/QH15;

On the basis of the Law on Housing No. 27/2023/QH15; Law No. 43/2024/QH15 amending and supplementing some articles of the Land Law No.31/2024/QH15 27/2023/QH15; the Law on Housing No. ; the Law on Real Estate Business No. and the Law on Credit Institutions No. 32/2024/QH15;

On the basis of the State Budget Law No. 83/2015/QH14 amended and supplemented by Law No. 56/2024/QH15;

On the basis of the Law on Public Investment No. 58/2024/QH15 has been amended and supplemented with some articles pursuant to Law No. 90/2025/QH15;

On the basis of the Law on Management and Use of State Property No. 15/2017/QH14 amended and supplemented by Law No. 64/2020/QH14; Law No. 07/2022/QH15; Law No. 24/2023/QH15; Law No. amending and supplementing some articles of the Land Law No.; Law No. Law No.; Law No. 56/2024/QH15 and Law No. 90/2025/QH15;

Pursuant to Resolution No. 201/2025/QH15 of the National Assembly piloting certain special mechanisms and policies for social housing development;

At the proposal of the Minister of Construction;

The Government issues this Decree detailing the National Housing Fund and implementation measures for Resolution No. 201/2025/QH15 dated May 29, 2025 of the National Assembly piloting certain special mechanisms and policies for social housing development.

PART I

GENERAL PROVISIONS

Article 1. Scope of Regulation

This Decree details the National Housing Fund (hereinafter referred to as the Fund) and implementation measures for certain provisions of Resolution No. 201/2025/QH15 dated May 29, 2025 of the National Assembly piloting certain special mechanisms and policies for social housing development (hereinafter referred to as Resolution No. 201/2025/QH15), including:

1. The National Housing Fund at Article 4.

2. Implementation measures for inspecting the activities of the National Housing Fund.

Article 2. Principles of application of this Decree

1. In cases where there are different provisions regarding investment in housing, creation of social housing, management and use of assets, state budget funds, and other lawful sources between this Decree and other resolutions or decrees of the Government, the provisions of this Decree and the Decree amending and supplementing this Decree (if any) shall apply, except for the cases provided for in Clause 2 of this Article.

2. In cases where other legal regulations provide more favorable provisions, such provisions may be chosen for application.

Chapter II

ESTABLISHMENT, LEGAL STATUS AND ACTIVITIES OF THE FUND

Article 3. Establishment of the National Housing Fund

1. The Government establishes the Central National Housing Fund under the Ministry of Construction and assigns the Ministry of Construction to manage it.

2. Provincial People's Committees establish and manage the Local Housing Fund.

3. Financial management mechanisms of the Fund shall be implemented according to the provisions of this Decree and the legal regulations applicable to public service units.

4. Provincial People's Committees decide on the establishment of new funds, restructuring existing funds, or transferring existing funds managed by provincial People's Committees, ensuring compliance with the provisions of Resolution No. 201/2025/QH15 and this Decree, specifically as follows:

a) A newly established Local Housing Fund shall be a public service unit and shall operate in accordance with the provisions of this Decree and relevant laws;

b) In cases of restructuring existing funds, the Provincial People's Committee decides on the operational model as either a public service unit or the current fund model, and implements the objectives and functions of the fund as stipulated in Article 5 of this Decree;

c) In cases where the Provincial People's Committee decides to transfer existing funds to implement the objectives of the Local Housing Fund, the funds continue to operate according to their current models and supplement the objectives and functions of the fund as stipulated in Article 5 of this Decree;

d) Funds specified in points b and c of this clause shall be responsible for the operations of the Local Housing Fund, shall not use fund resources for purposes other than those of the fund's objectives, and shall separately account for and monitor fund resources.

The legal status, legal personality, organizational structure, financial system, management and use of assets, reporting, and accounting systems for Local Housing Funds that are not public service units shall continue to be implemented according to the current operational models of the funds.

Article 4. Legal status and legal personality of the Fund

1. The National Housing Fund is a public service unit. The Fund is established, organized, reorganized, operates, and dissolved according to the provisions of this Decree and relevant laws corresponding to its operational model.

2. The Fund has legal personality, a separate seal, independent accounting, registered capital, and is allowed to open accounts at the State Treasury and commercial banks.

Article 5. Objectives and functions of the Fund's activities

1. To invest in building social housing, integrated infrastructure projects for social housing to lease out.

2. To establish social housing through the form of receiving and converting the function of state-owned properties in accordance with the laws on housing and related laws to lease out.

3. To establish housing and social housing through the form of purchasing from developers; ordering, receiving, and transferring housing and social housing from state-owned enterprises holding 100% of the charter capital; receiving housing for resettlement and temporary accommodation; receiving and transferring housing and social housing voluntarily contributed by organizations and individuals to lease out.

4. To establish housing through the form of purchasing commercial housing for leasing to civil servants, public officials, employees.

5. To organize the management and operation of housing invested in and established by the Fund for leasing out in accordance with regulations.

Article 6. Principles of the Fund's operations

1. Non-profit operations, the Fund's expenditures shall not overlap with other budgetary tasks of the state.

2. Transparent and open operations.

3. The receipt, management, and utilization of voluntary support sources, contributions from domestic and foreign organizations and individuals, and other legally raised funds must comply with Vietnamese laws and international treaties to which Vietnam is a party.

Article 7. Tasks and powers of the Fund

1. Tasks of the Fund

a) Implement tasks consistent with the Fund's operational objectives;

b) Manage and utilize state budget funds and other lawful sources in accordance with this Decree and relevant regulations concerning the Fund's activities;

c) Manage and use effectively and for the intended purpose the capital, land, and assets assigned or created by the state during the Fund's operations;

d) Implement financial reporting, financial management, accounting, auditing, and other relevant regulations concerning the Fund's activities as stipulated in this Decree and related laws; subject to inspection, audit, and financial oversight of the Fund's activities in accordance with the law;

đ) Implement financial income and expenditure systems in accordance with the law for public service units.

2. Powers of the Fund

a) Organize operations, receive state budget funds, other lawful capital sources, and physical assets; engage in joint ventures and collaborations in accordance with this Decree, regulations applicable to public service units, and relevant laws;

b) Coordinate with relevant agencies and units to implement Fund activities consistent with assigned functions and tasks under the law;

c) Refuse requests for information provision or resource utilization if such requests contravene the law and the Fund's operations.

Article 8. Sources of Operating Capital for the Fund

1. The sources of operating capital for the Central Housing Fund are formed from state budget capital; capital formed from receiving voluntary support, contributions from organizations and individuals within and outside the country; other legitimate sources of raising funds, including state budget capital comprising:

a) Charter capital provided by the central state budget from the initial public investment fund of at least 5,000 (five thousand) billion VND immediately after establishment and increased to at least 10,000 (ten thousand) billion VND within three years following the date of establishment;

b) Additional capital provided by the state budget for renovation, repair, management, and operation of social housing when rental income and business service revenue from social housing projects (if any) are insufficient to cover costs;

c) Additional capital from the surplus of legitimate income and expenditure retained according to the provisions of the law.

2. The sources of operating capital for the Local Housing Fund are formed from state budget capital; capital formed from receiving voluntary support, contributions from organizations and individuals within and outside the country; other legitimate sources of raising funds, including state budget capital comprising:

a) Charter capital of the Local Housing Fund provided and supplemented from the local state budget's development investment fund according to the provisions of the State Budget Law and public investment law;

b) Capital extracted from the equivalent value of land funds invested in building technical infrastructure systems for social housing implemented by developers of commercial housing projects and urban areas according to the provisions of the Housing Law;

c) Capital extracted from the proceeds of selling public housing under local management after deducting reasonable expenses according to the provisions of the Housing Law;

d) Capital extracted from the proceeds of land use rights auctions as stipulated in point b, Clause 4, Article 12 of Resolution No. 201/2025/QH15;

đ) Additional capital from the surplus of legitimate income and expenditure retained according to the provisions of the law;

e) The People's Committee of the province shall submit to the Provincial People's Council for decision on the proportion of funds to be allocated to the Local Housing Fund for the cases specified in points b, c, and d of this clause;

g) The People's Committee of the province shall submit to the Provincial People's Council for decision on the initial charter capital and additional charter capital to be provided to the Local Housing Fund.

Article 9. Organizational Structure of the Fund

1. The organizational structure of the Fund is implemented according to the legal regulations for public service units, including the Director of the Fund, not more than two Deputy Directors, Chief Accountant, and not more than five department-level units performing administrative and specialized functions.

2. The Director and Deputy Directors of the Central Housing Fund are appointed and relieved of duty by the Minister of Construction. The Director and Deputy Directors of the Local Housing Fund are appointed and relieved of duty by the Chairman of the People's Committee of the province.

3. The Director of the Fund is the legal representative of the Fund; responsible for all legal matters before the law and the Minister of Construction for the Central Housing Fund, and the Chairman of the People's Committee of the province for the Local Housing Fund.

Chapter III

FINANCIAL MANAGEMENT

Article 10. Financial System and Management, Use of Fund Assets

1. The fiscal year of the Fund begins on January 1 and ends on December 31.

2. The financial system (including salary mechanisms and allowances for management staff and workers) and management, use of Fund assets shall be implemented according to regulations applicable to public service units. Specific contents related to the financial system of the Fund as stipulated in this Decree shall be carried out in accordance with the provisions of this Decree.

3. The land for the Fund's headquarters shall be managed in accordance with the land use regime for public service units as prescribed by laws on land.

Article 11. Reporting and Accounting Systems

1. The Fund shall organize accounting systems in accordance with laws on accounting.

2. The Fund shall implement accounting and statistical work in accordance with the law; prepare, record initial documents, update accounting books, ensuring comprehensive, timely, truthful, accurate, and objective reflection of economic and financial activities.

3. The reporting system shall be implemented in accordance with the law on public service units.

Chapter IV

ACCEPTANCE, MANAGEMENT AND USE OF ASSISTANCE AND CONTRIBUTIONS FROM DOMESTIC AND FOREIGN ORGANIZATIONS AND INDIVIDUALS

Article 12. Principles, Methods, Procedures, Formalities, Authority to Decide on Acceptance of Assistance and Contributions from Organizations and Individuals

1. On the Principle of Acceptance

The acceptance, management, and use of voluntary assistance and contributions from domestic and foreign organizations and individuals, and other legally raised funds must ensure transparency, clarity, purposefulness, effectiveness, compliance with Vietnamese laws, and international treaties to which Vietnam is a member.

2. Methods of Acceptance

a) For monetary assistance and contributions: The donor making cash donations shall be reflected in the receipt documentation or executed through bank transfers to the Fund’s account opened at a commercial bank.

b) For in-kind or other asset assistance and contributions, implementation shall be based on agreements between the Fund and the donor and reflected in the receipt documentation.

3. Procedures, Formalities, Authority to Decide on Acceptance of Assistance and Contributions

a) Procedures, formalities, authority, and related contents regarding the acceptance, management, and use of non-reimbursable aid, official development assistance (ODA), and preferential loans from foreign governments, international organizations, intergovernmental or interregional organizations, or government organizations authorized by foreign governments shall be carried out in accordance with laws governing the management and use of non-reimbursable aid not included in official development assistance provided by foreign agencies, organizations, and individuals to Vietnam, and laws on the management and use of official development assistance (ODA) and preferential loans from foreign donors.

b) Except for cases specified in point a of this clause, the authority to decide on the acceptance of assistance and contributions shall be decided by the Fund Director. In cases where the organization or individual providing assistance or contributions includes conditions or requirements, these must be reported to the Fund management agency for review and approval before the Fund Director makes a decision.

Procedures, formalities, and content of acceptance documents for assistance and contributions shall be implemented in accordance with Article 13 of this Decree.

Article 13. Procedures, formalities, and contents of documents for receiving contributions and donations

1. Procedures and formalities for receiving contributions and donations

a) The contributing party sends a request for contribution or donation to the Fund, specifying the method, expected time of contribution or donation. In case of monetary contribution, it must specify whether it is cash or bank transfer; in case of non-monetary contribution such as goods or other assets, it must specify the value, type, quantity, quality of the goods, the method, and delivery location.

b) If there are accompanying requirements or conditions, the Fund shall prepare a report to be submitted to the management authority of the Fund for review and approval before the Director of the Fund makes a decision.

c) If the source of contribution or donation complies with the principles set out in Clause 1, Article 12 of this Decree, the Director of the Fund shall issue a decision to accept the contribution or donation. The contributing party and the Fund shall sign a receipt and carry out the handover of the contributions or donations.

If the source of contribution or donation does not comply with the principles set out in Clause 1, Article 12 of this Decree, the Director of the Fund shall issue a notification stating the reasons for rejecting the acceptance.

2. The document for receiving contributions and donations shall include the following main contents:

a) Purpose of the contribution or donation to be used;

b) Expected results from using the contribution or donation;

c) Time of implementation and address of implementation;

d) Total value and structure of contributions and donations;

đ) Implementation plan for contributions and donations.

Article 14. Receiving sources of contributions and donations

1. For monetary contributions and donations

a) The Fund shall open a detailed accounting ledger to track the amount received as contributions or donations;

b) The Fund shall open a bank account at a commercial bank to receive contributions or donations that are transferred via bank transfer.

2. For contributions and donations in the form of goods or other forms

Based on the unit price of construction materials, goods, labor costs, or the value of completed projects, the Fund shall be responsible for carrying out procedures for receiving and transferring the goods into the project's value for tracking, managing, and determining rental prices for housing.

Article 15. Signing and confirming the receipt of contributions and donations

1. In cases where monetary contributions or donations are made through bank transfers, successful transaction information about the transfer serves as the basis for confirming the receipt of contributions or donations.

2. In cases where contributions or donations are made in cash, both the contributing party and the Fund shall have a receipt signed by both parties.

3. In cases where contributions or donations are made in the form of goods or other forms, the contributing party and the Fund must sign a document confirming the receipt of contributions or donations, including the following main contents:

a) The recipient of the contribution or donation: Central Housing Fund or Local Housing Fund; name of the organization or individual making the contribution or donation;

b) Name of the contribution or donation; type, quantity, quality, method, and delivery location;

c) Objectives and main outcomes of the contribution or donation;

d) Time of implementation;

đ) Total value of the contribution or donation in the form of goods or other forms. In cases where the contribution or donation cannot be valued, only the quantity, quality, basic information, and characteristics of the contribution or donation shall be recorded.

Article 16. Use of Support Contributions

1. The Fund shall use support contributions to carry out the following activities:

a) Supplementing the operating capital of the Fund;

b) Investing, establishing, managing and operating social housing and rental housing in accordance with this Decree.

2. The management and use of support contributions must comply with the provisions of the law.

Chapter V

INVESTMENT, ESTABLISHMENT, MANAGEMENT AND RENTAL OF HOUSING

Article 17. Principles of Investment and Establishment of Housing

1. The Fund shall independently invest in constructing social housing projects for rent; investment construction projects of social housing with a complete technical infrastructure system and social infrastructure for rent.

2. The Fund's investment and establishment of housing must be consistent with the Fund's operational objectives and only bear responsibility for the Fund's debt and other property obligations within the scope of the invested capital.

3. Investment and establishment of housing shall be carried out in accordance with this Decree and relevant laws.

4. For the business service area in social housing projects directly invested in or established by the Fund, the management and operation shall be conducted in accordance with the law on land, real estate business, and other related laws without needing to meet the conditions required for organizations when engaging in real estate business.

5. Provincial People's Committees shall be responsible for allocating sufficient land and transferring land to the Fund for the construction of social housing.

Article 18. Forms and Procedures for Investment Construction and Establishment of Housing and Social Housing by the Fund

1. Forms of investment construction and establishment of housing and social housing by the Fund

a) Independently investing in constructing social housing projects, social housing projects with a complete technical infrastructure system and social infrastructure;

b) Repairing, renovating, and converting the function of housing in accordance with the law on housing;

c) Accepting housing belonging to state assets in accordance with the law on housing;

d) Purchasing social housing from project developers for rent;

đ) Purchasing commercial housing through market mechanisms for rent to civil servants, public officials, employees;

e) Ordering, accepting, and transferring housing and social housing from enterprises wholly owned by the State, organizations, and individuals voluntarily supporting and contributing;

g) Accepting housing for resettlement and temporary accommodation.

2. Determination of investors, procedures for investment construction, preferential policies, and support for social housing projects using funds from the Fund shall be implemented in accordance with the law on public investment, the law on housing, and relevant regulations for public investment projects.

3. Procedures for repairing, renovating, and converting the function of housing using funds from the Fund not falling under the provisions of Clause 2 of this Article shall be carried out in accordance with the construction law, the law on housing, and other relevant laws.

4. Procedures for purchasing housing as stipulated in Points d and đ of Clause 1 of this Article for rent shall be carried out as follows:

a) Before purchasing housing for allocation to tenants, the Fund must prepare a proposal for purchasing housing to be approved by the Fund management agency;

b) The main contents of the proposal for purchasing housing include: determining the need for rented housing, rental plans, and management operations of rented housing; location, type, quantity, quality, and usable area of each type of housing; purchase price of housing, related costs, funding sources for purchasing housing, payment methods, contracting agencies, and project implementation schedules.

The purchase price of housing shall be determined based on the selling price of housing by the developer, reference to the market price of housing, and the appraisal results of the competent appraisal unit at the time of purchase.

5. Procedures for ordering the purchase of housing as stipulated in Point e of Clause 1 of this Article for rent shall be carried out as follows:

a) Before placing orders for purchasing housing for allocation to tenants, the Fund must prepare a proposal for ordering the purchase of housing to be approved by the Fund management agency;

b) The main contents of the proposal for ordering the purchase of housing include: determining the need for rented housing, rental plans, and management operations of rented housing; location, type, quantity, quality, and usable area of each type of housing; ordering prices for purchasing housing, related costs, funding sources for ordering purchases, payment methods, contracting agencies, and project implementation schedules.

The ordering price for purchasing housing shall be determined according to the principle of capital preservation, accurately and sufficiently accounting for construction investment costs, land use fees (if applicable), other reasonable and valid costs (if applicable), and a fixed profit margin not exceeding 10% of the construction investment costs.

6. In cases of transferring housing and social housing from enterprises wholly owned by the State or accepting housing for resettlement and temporary accommodation, the transfer price and acceptance price shall be determined based on the final settlement value of completed projects.

7. Cases of accepting housing and social housing from organizations and individuals voluntarily supporting and contributing shall be carried out in accordance with Chapter IV of this Decree.

Article 19. Lessees of Housing

1. Lessees of housing and social housing from the Central Housing Fund, Local Housing Fund:

a) Lessees of housing and social housing from the Central Housing Fund are subjects as stipulated herein working at state agencies, political organizations, socio-political organizations, public service units at the central level;

b) Lessees of housing and social housing from the Local Housing Fund are subjects not falling under the cases prescribed in point a of this clause;

c) In cases where housing and social housing from the Central Housing Fund, Local Housing Fund have not been leased out, the Ministry of Construction and the People's Committee of the province shall decide on adjusting and supplementing lessees according to the provisions of this Decree to ensure effectiveness and purpose.

2. Lessees of social housing established by the Investment and Development Fund include subjects benefiting from housing support policies as prescribed by laws on housing and Resolution No. 201/2025/QH15.

3. Lessees of housing established through purchasing commercial housing include cadres, civil servants, officials, workers who do not choose the form or do not fall under the social housing lessees prescribed in Clause 2 of this Article.

4. Priority order for leasing housing for the subjects prescribed in Clauses 2 and 3 of this Article is as follows:

a) Cadres, civil servants, people's armed forces affected by administrative restructuring and having workplaces far from their residences;

b) Experts, scientists enjoying housing benefits as prescribed by laws on science, technology, and innovation;

c) Cadres, civil servants, people's armed forces not falling under the case prescribed in point a of this clause;

d) Subjects who have returned public service housing as prescribed by laws on housing;

đ) Officials, workers belonging to state agencies, political organizations, socio-political organizations, public service units;

e) Workers in industrial zones;

g) Workers aged 35 years or younger;

h) Subjects benefiting from other housing support policies as prescribed by laws on housing.

Article 20. Rental Prices and Procedures for Leasing Housing

1. The rental price of social housing established by the Investment and Development Fund is determined according to the regulations for social housing built by the State with public investment funds as prescribed by laws on housing.

2. The rental price of housing prescribed in point đ of Clause 1 of Article 18 of this Decree is determined based on sufficient maintenance costs; costs to recover capital for establishing housing, interest on loans (if any), and a fixed profit margin not exceeding 10% of total establishment costs; other related management, exploitation, and usage costs excluding state benefits from the rental price of housing.

3. The period for recovering investment and establishment costs of housing and social housing serving as the basis for determining rental prices is decided by the Ministry of Construction for the Central Housing Fund, and by the People's Committee of the province for the Local Housing Fund, and shall not exceed the usage period of the construction project as prescribed by laws.

4. The procedure for leasing housing established by the Investment and Development Fund is carried out like the case of leasing social housing built by the State with public investment funds as prescribed by laws on housing.

Article 21. Management and operation of housing

1. The Fund directly manages and operates housing or hires a unit to manage and operate housing; in the case of managing and operating apartment buildings, it must have the necessary conditions as prescribed by laws on housing.

2. The costs for managing and operating housing shall be paid directly by the tenant to the management and operation unit. For social housing managed but not yet rented out by the Fund, the Fund shall pay the management and operation costs.

Chapter VI

INSPECTION ACTIVITIES

Article 22. Inspection of the Fund's activities

1. The Fund has the responsibility to establish and promulgate internal inspection regulations ensuring effective operations consistent with its functions, tasks, and authorities as stipulated in this Decree.

The internal inspection regulations of the Fund include mechanisms, policies, rules, procedures, organizational structure, and personnel of the Fund, which are established in accordance with this Decree and implemented to control, prevent, detect, and promptly address risks in the Fund's operations.

2. Annually or at any time (upon request), the Fund has the responsibility to report to the Ministry of Construction and the Fund management agency on the situation of the Fund's operations; capital and asset management; difficulties, obstacles, and recommendations for solutions.

Article 23. Content of inspections

The Ministry of Construction and the Fund management agency organize annual or ad hoc inspections of the Fund's activities. The inspection content includes:

1. The situation of capital and asset management by the Fund.

2. The income and expenditure and results of the Fund's operations.

3. The implementation of social housing construction projects undertaken by the Fund.

4. Other related contents as required by the Ministry of Construction and the provincial People's Committee.

Chapter VII

IMPLEMENTING PROVISIONS

Article 24. Responsibilities of ministries, sectors, and localities

1. Responsibilities of the Ministry of Construction

a) Organizing the management of the central housing fund according to the law on public service units;

b) Taking the lead and coordinating with competent agencies to submit to the Prime Minister for approval of the budget for the central housing fund's operations; deciding on increases or decreases in the central housing fund's operational budget; supplementing the name of the central housing fund in the list of public service units under the Ministry of Construction;

c) Issuing the Regulations on the organization and operation of the central housing fund; approving the job position plan; deciding on appointments, reappointments, dismissals, evaluations, rewards, punishments, and policies for positions in the central housing fund;

d) Fulfilling the rights and obligations of the Fund management agency;

e) Taking the lead and coordinating with the Ministry of Finance to inspect and evaluate the Fund's operations;

f) Organizing mid-term and final reviews and evaluations of the central housing fund's operations; compiling the results of mid-term and final reviews and evaluations of the national housing fund's operations and reporting to the Government.

2. Responsibilities of the Ministry of Finance

a) Taking the lead and coordinating with the Ministry of Construction to report to the competent authority for the initial capital of the central housing fund;

b) Coordinating with the Ministry of Construction to inspect and evaluate the Fund's operations.

3. Responsibilities of the Ministry of Home Affairs

Reporting to the competent authority for the allocation of public service positions for the national housing fund as prescribed.

4. Relevant ministries and sectors perform their functions and tasks within their assigned authorities.

5. Responsibilities of the provincial People's Committee:

a) Deciding on the establishment, restructuring, or assigning existing funds to implement the objectives of the local housing fund in accordance with the provisions of this Decree;

b) Issuing the Regulations on the organization and operation of the local housing fund and policies for positions in the local housing fund;

c) Fulfilling the rights and obligations of the local housing fund management agency;

d) Reporting on the establishment, organization, and operation of the local housing fund to the Ministry of Construction for consolidation and reporting to the Government;

e) Organizing mid-term and final reviews and evaluations of the local housing fund's operations and sending them to the Ministry of Construction for consolidation and reporting to the Government.

6. Responsibilities of the commune People's Committee:

a) Cooperating with the local housing fund in promoting and disseminating policies on social housing development in the locality;

b) Performing other tasks as prescribed by law.

Article 25. Responsibilities of the Fund

1. To act as the project investor for housing construction projects in accordance with this Decree.

2. To receive, manage, and effectively utilize all sources of operating funds in compliance with the provisions of this Decree.

3. The Fund shall be fully responsible under the law and to the Fund management agency for the operation situation, capital management and asset usage of the Fund.

4. To conduct mid-term reviews and final summaries of the Fund's activities, and report to the Fund management agency for consolidation and reporting to the Government.

Article 26. Transitional Provisions

In cases where the amounts collected according to points b, c, and d, Clause 2, Article 8 of this Decree have been deposited into the local budget but not utilized before the effective date of this Decree, the People's Committee of the province shall submit to the People's Council at the same level for a decision on the proportion of the amount already deposited to be allocated to the local housing fund.

Article 27. Implementation Provisions

1. This Decree takes effect from November 19, 2025.

2. In cases where the legal normative documents cited in this Decree are amended, supplemented, or replaced, they shall be implemented in accordance with the corresponding provisions of the amending, supplementing, or replacing documents.

3. The Ministers of the ministries, the Heads of ministerial-level agencies, the Heads of government agencies, the Chairpersons of the People's Committees of provinces and centrally-administered cities, and related organizations and individuals are responsible for implementing this Decree.