On October 10, 2025, the Government issued Decree 261/2025/ND-CP 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 (NOXH) and Decree No. 192/2025/ND-CP dated July 1, 2025 of the Government detailing a number of articles and measures to implement Resolution No. 201/2025/QH15 dated May 29, 2025 of the National Assembly on piloting a number of specific mechanisms and policies for the development of NOXH.
Decree 261/2025/ND-CP takes effect from October 10, 2025. Accordingly, the preferential loan interest rate for purchasing or leasing social housing is set at 5.4% per year, and the overdue interest rate is 130% of the loan interest rate.
For loans signed before October 10, 2025 at the Vietnam Bank for Social Policies (VBSP), people will have their contracts adjusted to apply new interest rates to both the principal balance and overdue balance.
Previously, the interest rate for loans under the social housing program was equivalent to that for loans for the poor, at 6.6% per year. Therefore, the information about the reduction in loan interest rates has received the agreement and excitement of many people, especially those with low incomes, officials, civil servants, etc.
This year, Mr. Phan Xuan Nam's family (born in 1980, residing in Cam Xuyen commune) borrowed 900 million VND from the Cam Xuyen Social Policy Bank Transaction Office to build a new house under the social housing program. The interest rate reduction of 1.2%/year will help his family save a significant amount of money during the 15-year loan period.
Mr. Phan Xuan Nam shared: "My wife, children and I have lived for many years in a dilapidated house, life is very inconvenient. Thanks to the social housing loan program of the Bank for Social Policies, our dream of building a spacious home has become a reality. My wife and I are both civil servants, our income is not high, so the long-term loan program with preferential interest rates is extremely suitable. Now that the loan interest rate has decreased, the financial pressure has decreased, which is something we are very happy about."
Recently, the Social Policy Bank, Ha Tinh branch, has strengthened its coordination in implementing the social housing credit program. With many preferential policies such as: long loan term (maximum 25 years), stable interest rate framework, no prepayment fee..., the program has attracted the attention of many people. In particular, households only need to have about 150 million VND of their own capital, the rest can be supported by preferential loans. Thanks to that, thousands of new houses in Ha Tinh have been built, upgraded, and repaired, contributing to improving the quality of life for the people and completing the housing criteria in the province's national target program on new rural construction.
In the coming period, Ha Tinh will continue to synchronously and effectively deploy solutions to implement Decision 338/QD-TTg dated April 3, 2023 of the Prime Minister on the project "Investing in the construction of at least 1 million social housing apartments for low-income people and industrial park workers in the period 2021 - 2030". According to the plan, by 2030, Ha Tinh strives to complete about 3,700 social housing apartments and worker housing.
Currently, the pilot social housing project in Thach Linh ward, phase II (now Thanh Sen ward) is being implemented with a total estimated investment capital of up to 550 billion VND. This project is expected to make an important contribution to realizing the province's target of 3,700 apartments.
Ms. Nguyen Thi Thuong (residing in Thanh Sen ward) said: "My family has two young children, and for many years we have been renting in a cramped space. My husband works far from home, and our finances are limited, so buying land and building a house is difficult. Currently, the social credit program at the Bank for Social Policies has reduced interest rates. We really hope that the social housing pilot project phase II in Thanh Sen ward will be completed soon so that we have the opportunity to own an apartment, helping to stabilize our lives."
Ms. Le Huong Tra - Head of Planning - Credit Operations Department (Bank for Social Policies, Ha Tinh Province Branch) said: "The total capital allocated to the social housing program in 2025 up to now of the branch is 200 billion VND. As of September 30, 2025, the program's outstanding debt reached more than 743.5 billion VND (an increase of 78.5 billion VND compared to 2024) with 1,901 customers still in debt. In particular, some localities with high outstanding debt include: Provincial Headquarters, Thach Ha, Cam Xuyen, Can Loc... Implementing the direction of the Central Government, we will continue to coordinate with local authorities at all levels, political and social organizations entrusted to promote propaganda of new points of the policy, accompany and support people to access capital sources transparently, to the right subjects, according to the right procedures as well as strictly control capital sources after lending".
Reducing interest rates on social housing loans not only contributes to realizing the dream of housing for low-income people but is also an important step in the sustainable housing development strategy according to the Government's project "Investing in building at least 1 million social housing apartments for low-income people and industrial park workers in the 2021-2030 period".
Source: https://baohatinh.vn/nguoi-dan-phan-khoi-khi-lai-suat-vay-nha-o-xa-hoi-giam-con-54nam-post297415.html
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