Social housing loan disbursement is still "modest"...

With the expectation that it is one of the important policies to promote the development of social housing, meeting the housing needs of low-income people and workers. However, for the credit package to be effective, close coordination between ministries, sectors, localities and banks is needed to remove obstacles, simplify procedures, and increase the supply of social housing.

Initially, the program had commitments from four state-owned commercial banks including Agribank , BIDV, Vietcombank and VietinBank, each bank committed to lending 30,000 billion VND. Later, five other joint stock commercial banks, VPBank, TPBank, Techcombank, MBBank and HDBank, also registered to participate, each bank committed 5,000 billion VND. Accordingly, the total scale of the current credit package is 145,000 billion VND.

Social housing loan disbursement is still "modest"

Since its implementation, the State Bank has adjusted lending interest rates within the framework of this credit package many times. Specifically, lending interest rates for investors have decreased from 8.7% to 6.6%/year, and for home buyers from 8.2% to 6.1%/year. As of May 2025, this interest rate is 1.5-2% lower than the average medium- and long-term interest rates of four state-owned commercial banks in each period, according to the provisions of Resolution 33/2023 of the Government .

Notably, despite low interest rates, the disbursement rate of the credit package is still limited. Up to now, the total disbursement amount is estimated at about 3,400 billion VND, accounting for a small proportion compared to the total scale of the credit package of 145,000 billion VND. Of which, about 2,940 billion VND was disbursed for 21 social housing projects of investors, and nearly 460 billion VND for home buyers at 19 projects. Recently, the Ministry of Construction affirmed that the disbursement of the credit package of 120,000 billion VND (to date, banks have committed to increase it to 145,000 billion VND) in recent years has been slow.

Accordingly, the slow disbursement is said to be due to the following reasons: Limited supply of social housing: It is worth mentioning that many localities have not yet announced the list of projects eligible for loans, making it impossible for banks to implement loans. Complicated legal procedures: Many projects encounter problems with investment and land procedures, making investors ineligible for loans. Especially strict loan conditions: Some investors do not meet the conditions on outstanding debt and collateral according to bank regulations.

Given the current situation and the reasons for the slow disbursement of social housing credit packages, the Ministry of Construction has proposed solutions to remove obstacles, such as continuing to review and remove difficulties and obstacles and urging localities to publish a list of projects eligible for loans.

Promote research to allow the opening of credit targets and limits for commercial banks in the direction that loans for social housing purchases are not included in the bank's credit growth limit. At the same time, propose to soon establish a Social Housing Fund according to the Prime Minister's direction to create long-term capital for social housing development./.

Source: https://baodaknong.vn/goi-vay-mua-nha-o-xa-hoi-giai-ngan-con-khiem-ton-252766.html