Accordingly, customers borrowing capital to buy social housing under 35 years old are entitled to borrow at a lending interest rate 2% lower than the average medium and long-term VND lending interest rate of 4 state-owned commercial banks Agribank , BIDV, Vietcombank and Vietinbank in the first 5 years of borrowing capital (from the first disbursement date). The lending interest rate applied until June 30, 2025 is 6.1%/year.
After that, the lending interest rate is 1% lower than the average VND medium and long-term lending interest rate of 4 state-owned commercial banks Agribank, BIDV , Vietcombank and Vietinbank in the next 10 years of borrowing.
From July 1, 2025, every 6 months, the State Bank will announce the preferential lending interest rates for commercial banks participating in the Program for lending to social housing, workers' housing, and renovation and reconstruction of old apartments according to Resolution 33.
Previously, according to the Vietnam Association of Realtors (VARS), apartment prices in Hanoi have increased by more than 72% in the past 5 years, in Ho Chi Minh City by nearly 50%, while average income only increases by about 6-10% per year. This difference makes home ownership increasingly out of reach for most young people, even when they have 30% of the apartment value in hand to borrow the rest.
Currently, two-bedroom apartments priced under VND3 billion in the central area have almost disappeared. If choosing to buy a house on loan, buyers must accept repayment within 15-25 years, along with the risk of floating interest rates and long-term financial pressure. This is a difficult problem for young people in the early stages of their careers - VARS affirmed.
Similarly, a survey by Batdongsan.com.vn also shows that with an average GDP per capita of about 9.5 million VND/month (statistics in 2024), on average a young person needs to work and save for 25.8 years to buy an apartment of about 60 m2, priced at about 3 billion VND.
Despite the large gap between income and apartment prices, the demand for real estate ownership in big cities, especially Ho Chi Minh City, is still very high; of which the first-time homebuyers account for 62%. Therefore, more than 80% of buyers are forced to use financial leverage with a common loan level of 30-50% of the property value. This makes the goal of settling down in the city both a dream and a big challenge for many young people who do not have much accumulated capital.
Source: https://baolaocai.vn/cong-bo-lai-suat-uu-dai-cho-nguoi-duoi-35-tuoi-vay-mua-nha-o-xa-hoi-post402806.html
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