Ho Chi Minh City offers incentives and support to businesses when rebuilding apartment buildings.

VTV.vn - Ho Chi Minh City will support 50% of the cost of building technical infrastructure outside apartment buildings with a maximum support of 10 billion VND per project.

Illustration photo - Newspaper: Investment

The Ho Chi Minh City People's Committee has just directed the Departments and People's Committees of wards, communes and special zones to implement Resolution No. 17/2025 of the City People's Council stipulating incentive and support mechanisms for investors when participating in renovating and rebuilding apartment buildings.

The city will support 50% of the cost of building technical infrastructure outside the building such as traffic systems, water supply, drainage, lighting, waste treatment, etc. with a maximum support of 10 billion VND per project; support 50% of the cost of relocating and enforcing households according to the plan approved by competent authorities.

The Chairman of the City People's Committee assigned the Department of Finance to preside over and guide the Department of Construction as the agency to arrange budget estimates from the regular expenditure capital source of the city budget to implement the mechanism according to Resolution 17/2025.

The Department of Construction shall preside over and coordinate with relevant agencies and units, based on the content of the Resolution, to advise the Ho Chi Minh City People's Committee to consider and resolve for investors of projects to renovate and rebuild apartment buildings in accordance with the correct scope, subjects, content, level, principles, and methods of incentives and support, ensuring compliance with current legal regulations.

According to the Department of Construction of Ho Chi Minh City, there are currently 42 wards in the city with apartment buildings built before 1994 that are eligible for support when renovating and rebuilding. Most of them are concentrated in the old Ho Chi Minh City area such as: Sai Gon ward, Binh Quoi ward, Ben Thanh ward, Xom Chieu ward, Cho Lon ward, Binh Tien ward, Tan Dinh ward, Vinh Hoi ward, Khanh Hoi ward... In the old Ba Ria - Vung Tau province, there are 2 wards with apartment buildings built before 1994: Vung Tau ward and Tam Thang ward.

Source: https://vtv.vn/tp-ho-chi-minh-uu-dai-ho-tro-doanh-nghiep-khi-xay-dung-lai-nha-chung-cu-100250925143153827.htm