Resolving difficulties in social housing loan program

In the first 10 months of 2025, the loan turnover of the social housing purchase and lease-purchase loan program only reached 73.8% of the yearly plan. Currently, this policy credit program is facing many difficulties and obstacles, so it cannot disburse capital.

Many difficulties in disbursing capital

According to the report of the Provincial Social Policy Bank (PPB), as of October 22, the outstanding balance of the social housing loan program in the province reached 387.7 billion VND, with 1,019 borrowers still in debt, reaching 73.8% of the assigned plan and increasing by 12.5 billion VND compared to the beginning of the year. Loan turnover in 10 months reached 74.8 billion VND, with 150 customers borrowing capital; debt collection turnover reached 62.3 billion VND. Specifically, outstanding loans for buying and leasing social housing reached 274.4 billion VND, accounting for 70.78% of the total outstanding loans of the program, with 742 customers borrowing capital at social housing projects; Outstanding loans for new construction and home repair reached 113.3 billion VND, accounting for 29.22% of the program's total outstanding loans, with 277 borrowers.

Social housing blocks in Le Hong Phong I New Urban Area, Nam Nha Trang Ward. Photo: VAN KY

Mr. Le Van Thanh - Deputy Director of the Provincial Social Policy Bank said that in 2025, the Social Policy Bank assigned a credit plan target for the social housing loan program of 401.1 billion VND. Up to now, this credit program has not completed the assigned plan due to many difficulties and obstacles that prevented the capital from being disbursed. In 2025, in the old Ninh Thuan province, there is the MK Social Housing Project of MK Investment and Construction Joint Stock Company that is eligible for sale. However, due to a large number of cadres, civil servants, public employees, and workers of the old Ninh Thuan province changing their workplace and residence after the merger of the two provinces, there is no need to buy social housing anymore. Therefore, the branch has not yet disbursed all the assigned targets. For the need to borrow capital to build new or repair houses, many customers do not meet the bank's loan conditions such as: Land without red book, no construction permit, unable to provide invoices and documents, so it is difficult to access capital...

Implementing solutions

On October 10, the Government issued Decree No. 261 amending and supplementing a number of articles of Decree No. 100 dated July 26, 2024 of the Government detailing a number of articles of the Housing Law on the development and management of social housing and Decree No. 192 dated July 1, 2025 of the Government detailing a number of articles and measures to implement Resolution No. 201 dated May 29, 2025 of the National Assembly on piloting a number of specific mechanisms and policies for the development of social housing. Accordingly, the preferential loan interest rate for purchasing or hire-purchasing social housing is set at 5.4%/year, instead of the previously applied interest rate of 6.6%/year. In addition, the maximum income of individuals eligible for loans to purchase social housing is increased to 20 million VND/month, instead of 15 million VND/month as before; For married couples, it is 40 million VND/month. For single people raising children under the age of majority, the maximum income is calculated at 30 million VND/month. This is good news for customers who are borrowing capital and people who need to borrow capital under this credit program. The provincial People's Credit Fund has coordinated with relevant agencies to promote propaganda and dissemination of policies to each commune, ward and people, and publicly post lending regulations at commune-level transaction points...

Social housing blocks in Le Hong Phong I New Urban Area, Nam Nha Trang Ward. Photo: VAN KY

However, to disburse capital for the social housing loan program assigned in 2025 and the following year, the leaders of the provincial People's Credit Fund requested investors of social housing projects that still have vacant apartments, projects with lease-purchase apartments that have expired, are eligible for sale, and new projects eligible for sale to closely coordinate with the Social Policy Fund to deploy and disseminate instructions on loan procedures to customers buying social housing. At the same time, project investors need to coordinate with competent authorities to carry out procedures for granting certificates of house ownership to customers who have completed their obligations and received the apartment to carry out loan procedures according to regulations. In addition, the provincial People's Credit Fund also requested the Department of Construction to provide information on projects eligible for sale so that branches can synthesize reports for the Social Policy Fund to prepare capital to promptly meet customers' needs in the coming time.

MAI HOANG

Source: https://baokhanhhoa.vn/kinh-te/tai-chinh-ngan-hang/202510/go-kho-chuong-trinh-cho-vay-nha-o-xa-hoi-c764da3/