According to information from the State Bank of Vietnam (SBV) on the afternoon of June 3, the SBV issued Official Letter No. 4290/NHNN-TD to 9 banks including: Vietnam Bank for Agriculture and Rural Development; Vietnam Joint Stock Commercial Bank for Industry and Trade; Vietnam Joint Stock Commercial Bank for Foreign Trade; Vietnam Joint Stock Commercial Bank for Investment and Development; Ho Chi Minh City Development Joint Stock Commercial Bank; Vietnam Prosperity Joint Stock Commercial Bank; Vietnam Technological and Commercial Joint Stock Bank; Tien Phong Commercial Joint Stock Bank; Military Commercial Joint Stock Bank on implementing a preferential program for young people under 35 years old to borrow when buying social housing.
Accordingly, the lending interest rate is 2% 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 first 5 years of borrowing (from the first disbursement date). The lending interest rate applied until June 30, 2025 is 6.1%/year.
The lending interest rate is 01% lower than the average VND medium and long-term lending interest rate of 4 State-owned commercial banks (SCBs) 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.
The capital source for implementation uses capital from banks that have registered to participate in the Social Housing Loan Program, worker housing, and renovation and reconstruction of old apartment buildings according to Resolution 33/NQ-CP.
At the conference to implement Resolution 201/2025/QH15 of the National Assembly on a number of specific mechanisms and policies for social housing development, Deputy Governor of the State Bank of Vietnam Pham Thanh Ha said that so far, 9 commercial banks have registered to participate in the preferential loan program for social housing development with a total limit of VND 145,000 billion. Regarding lending interest rates, to create favorable conditions, the State Bank of Vietnam has continuously directed credit institutions (CIs) to reduce costs, apply information technology and other management measures to lower interest rates. Since the program was implemented, the State Bank of Vietnam has announced 5 times to adjust interest rates in a downward direction.
Currently, the lending interest rate has been reduced to 6.6%/year for investors and 6.1%/year for home buyers. As of April 30, 38/63 provincial and municipal People's Committees have sent documents or announced a list of social housing projects participating in the program. A total of about 100 projects nationwide have been included in the list.
Commercial banks committed to providing credit of about VND7,800 billion for these projects, with disbursement reaching VND3,866 billion. Of which, the portion provided to investors is VND3,281 billion and the portion for home buyers is VND585 billion.
According to the summary reports of the State Bank branches in provinces and cities, among 100 projects nationwide, the credit situation for project investors is as follows: 53 projects have received loans, of which: 25 projects have signed credit contracts under the Program; 28 projects have received credit loans from credit institutions or local support funds.
There are 28 projects that do not need loans because they are actively arranging capital sources, or because the project has not reached the stage of needing to mobilize capital, has mobilized capital from home buyers because the project has been opened for sale, or has not completed legal procedures; the remaining 19 projects are mostly newly announced, so commercial banks are appraising and approaching customers to consider lending.
The initial implementation of the Housing Loan Program under Resolution 33 still encountered some difficulties, with disbursement volume not being high due to the shortage of social housing supply. Through review, the State Bank of Vietnam found that the biggest difficulty in implementing the Program was the limited supply of social housing.
To date, only 38 provinces and cities have announced the list; many localities currently do not have a list of projects. Therefore, to speed up the implementation of the Program and avoid banks having to devote large resources to lending while demand is still limited, the State Bank of Vietnam requests ministries and agencies to urgently implement the solutions proposed in Resolution 201/2025/QH15, especially the solution to establish a National Housing Fund and solutions to increase supply.
The Deputy Governor also recommended that the Ministry of Construction coordinate with localities to review and assess the needs of local people to have appropriate housing development orientations; review obstacles in projects to have solutions to remove difficulties to increase the supply of social housing in the area.
Localities need to continue reviewing and promptly announcing the list of social housing projects, worker housing projects, and apartment renovation and reconstruction projects so that commercial banks have a basis for consideration and lending.
Source: https://doanhnghiepvn.vn/kinh-te/ngan-hang-nha-nuoc-thong-tin-goi-vay-lai-thap-cho-nguoi-duoi-35-tuoi-mua-nha-o-xa-hoi/20250604083938917
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