Information on social housing loan programs is publicly posted at social transaction points.

Reduce interest rates

In 2018, the Vietnam Bank for Social Policies (VBSP) launched a social housing loan program with a preferential interest rate of 4.8%/year (0.4%/month). With this program, the VBSP focuses on lending capital to rent, buy social housing, build and repair houses. The program's target subjects are people with revolutionary contributions; low-income people, poor and near-poor households in urban areas; workers working in enterprises inside and outside industrial zones; officers, professional non-commissioned officers, technical non-commissioned officers, professional soldiers, workers in agencies and units of the People's Public Security and the People's Army; cadres, civil servants and public employees according to the provisions of law on cadres, civil servants and public employees.

This interest rate of 4.8%/year will be maintained until the end of July 2024 and by August 1, 2024, the Social Policy Bank will increase the interest rate for loans to buy, hire-purchase social housing, build or renovate, and repair to 6.6%/year, equivalent to the interest rate for loans to poor households at that time of the Social Policy Bank.

Recently, the Government issued Decree No. 261/2025/ND-CP dated October 10, 2025 amending and supplementing a number of articles of Decree No. 100/2024/ND-CP dated July 26, 2024 of the Government detailing a number of articles of the Housing Law on the development and management of social housing. Accordingly, from October 10, 2025, the preferential loan interest rate for purchasing or hire-purchasing social housing; purchasing or hire-purchasing housing for the people's armed forces; building or renovating or repairing housing at the Vietnam Bank for Social Policies is officially regulated at 5.4%/year...

According to the Social Policy Bank, up to now, the city has 1,010 customers borrowing capital from the social housing program with outstanding loans of more than 346 billion VND. The current reduction in preferential social housing loan interest rates helps reduce the financial burden for low-income people. At the same time, the reduction in interest rates also contributes to stimulating the development of the housing market, demonstrating the State's concern in ensuring the right to have suitable housing for people.

According to Mr. Nguyen Hoang Anh Tuan, Deputy Director of the Social Policy Bank, Hue City Branch, the adjustment of interest rates for social housing loans will help customers access preferential capital to realize their dream of settling down. To promote this credit program, in addition to promoting the approach and incentives of the program to the people, the Social Policy Bank has also coordinated with customers to adjust credit contracts to ensure that customers benefit from this interest rate policy.

Many opportunities for young people to own homes

Along with the social housing loan program implemented by the Vietnam Bank for Social Policies, commercial banks are implementing preferential credit programs for investors and social housing buyers as well as incentives for those in need.

The signing of a credit contract between the Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ) Hue branch and Phu My Thuong Investment Joint Stock Company to develop a social housing project last October is an example. In parallel with the credit contract guaranteeing payment related to investment and construction of related projects, the credit guarantee contract, BIDV Hue branch also guarantees for buyers and renters of future houses in the project. In addition, BIDV Hue branch also signed a cooperation contract on lending to individual customers to buy houses in this project.

Signing a credit contract right after the project starts construction helps promote the project to ensure progress. At the same time, the cooperation contract for lending to individual customers to buy houses in the project is also the most effective way to help people access preferential credit packages to rent and buy social housing, contributing to the formation of a comprehensive support ecosystem for both people and investors to develop social housing.

Currently, BIDV is implementing a preferential loan package exclusively for administrative staff receiving salary through BIDV account; individual customers up to 35 years old who want to buy/rent a house with an interest rate of 5.5%/year fixed for the first 3 years. For housing projects that commit to dedicate at least 30% of total output to young people, investors will be applied a preferential interest rate of 6%/year fixed for up to 24 months by BIDV and the following years will be lower than the normal interest rate by 1-2%/year.

The Vietnam Bank for Agriculture and Rural Development (Agribank) has launched a preferential loan program for social housing purchases for young individuals under 35 years old with a scale of up to VND 10,000 billion. The loan interest rate is 2% lower than the average medium and long-term VND loan interest rate of 4 state-owned commercial banks. From now until the end of 2025, this interest rate is 5.9%/year.

Other banks are also implementing many attractive interest rate incentive programs for people under 35 years old and other subjects. Maintaining preferential interest rate policies for home loans with many incentives for medium and long-term loans is considered a solution to support people who are having difficulties with housing, especially young people who are just starting their careers, while contributing to diversifying housing segments and promoting the development of the real estate market.

Article and photos: HOANG ANH

Source: https://huengaynay.vn/kinh-te/giam-lai-suat-mua-nha-o-tang-co-hoi-an-cu-160052.html