As part of his working visit to Japan, from August 27-28, 2026, Minister of Construction Tran Hong Minh led a delegation from the Ministry of Construction in working sessions with Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) and the Japan Housing Finance Agency (JHF), where the two sides exchanged views and shared experience in housing policies, the real estate market, and financial mechanisms to support housing development.
At the meeting, Mr. Masamichi Hashimoto, Deputy Minister of Japan’s Ministry of Land, Infrastructure, Transport and Tourism, together with leaders of Japan’s Housing Bureau and the Real Estate and Construction Economy Bureau, spoke highly of the positive development of the Comprehensive Strategic Partnership between Vietnam and Japan, as well as the long-standing and effective cooperation between the Vietnamese Ministry of Construction and MLIT.
Minister Tran Hong Minh appreciates MLIT’s cooperation and support for Vietnam.
Minister Tran Hong Minh highly appreciated the MLIT’s cooperation and support to Vietnam in recent years across a wide range of areas, including infrastructure development, urban development, construction, transport, technical assistance, and human resource development.
At the meeting, the Minister stated that Vietnam is accelerating efforts to finalize its institutional framework for housing and the real estate market. The Ministry of Construction is leading the study to amend and supplement the Law on Housing and the Law on Real Estate Business, which are expected to be submitted to the National Assembly for consideration and approval in October 2026. Therefore, studying international experience including that of Japan, a country with a housing policy system has been developed and refined over several decades would provide practical reference for Vietnam.
MLIT shares with the Vietnamese delegation Japan’s experience in developing and implementing Housing Policies.
As part of the meeting, relevant agencies under MLIT shared with the Vietnamese delegation Japan’s experience in developing and implementing housing policies, with a focus on policies for social housing, public housing, and rental housing for low-income people, workers, and other groups facing housing difficulties.
The two sides also discussed mechanisms for identifying eligible beneficiaries; rental assistance policies; approaches to mobilizing long-term financing; the roles of central and local governments, financial institutions, and private enterprises in housing development; as well as experience in the management, operation, maintenance, and redevelopment of rental housing stock.
The delegation also explored Japan’s diverse housing supply model, including public housing managed by local governments, rental housing provided by the Urban Renaissance Agency (UR), private housing integrated into the housing safety net, and various housing finance support instruments.
Exchanging experience in Housing Finance
Continuing the working program, on August 28th, 2026, Minister Tran Hong Minh and the delegation from the Ministry of Construction held a working session with the Japan Housing Finance Agency (JHF). Speaking at the meeting, Minh highly appreciated JHF’s cooperation and support for Vietnam in experience sharing and human resource training in the housing sector. He also noted that Japan’s experience in developing affordable housing and home purchase loan programs would provide useful reference for Vietnam’s state management of housing.
Representatives of JHF shared with the delegation Japan’s experience in developing and implementing financial support policies for social housing, rental housing, and affordable housing; mechanisms for mobilizing long-term capital; credit, guarantee and insurance programs; as well as approaches to coordination among the government, financial institutions, and enterprises in the housing sector.
The delegation also explored Japan’s experience in the institutional arrangements, funding sources, and operational mechanisms of housing finance programs at both the national and local levels. These practical reference helps Vietnam in studying and refining sustainable housing finance mechanisms and policies that are aligned with the country’s socio-economic development conditions and people’s access to housing.
Through these working sessions, the Ministry of Construction delegation gained a deeper understanding of Japan’s experience in developing and implementing housing policies, ranging from housing supply development and the management of public and rental housing to the use of financial instruments to support people’s access to housing.
The working visit further strengthens cooperation between Vietnam’s Ministry of Construction, MLIT, and Japanese Agencies and Organizations.
The working visit also contributed to strengthening cooperation between Vietnam’s Ministry of Construction and MLIT, as well as relevant Japanese agencies and organizations, thereby making a practical contribution to further advancing the Comprehensive Strategic Partnership between Vietnam and Japan.
Source: International Cooperation Department - Translated by: M.A