== Abstract ==

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ffordable 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.

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== Original document ==

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The different versions of the original document can be found in:

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* [http://hdl.handle.net/10986/22921 http://hdl.handle.net/10986/22921] under the license http://creativecommons.org/licenses/by/3.0/igo/

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