At the conference to implement Resolution 201 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 up to now, 9 commercial banks have registered to participate in the preferential loan program for social housing development with a total limit of 145,000 billion VND.
Regarding lending interest rates, since the program was implemented, the State Bank has announced five times to adjust interest rates in a decreasing direction. Currently, lending interest rates have decreased to 6.6%/year for investors and 6.1%/year for home buyers.
According to the Deputy Governor, the initial implementation of the Housing Loan Program under Resolution 33 still encountered some difficulties, with disbursement volume not being high due to a shortage of social housing supply. However, disbursement volume has improved over time, with each month being higher than the previous month, corresponding to the increase in social housing supply.
Regarding research and proposals for preferential credit packages for young people under 35 years old to buy social housing, the Deputy Governor informed that the State Bank has chaired a working session with commercial banks and based on the results of commercial banks' registration to participate.
Accordingly, on May 29, 2025, the State Bank issued an official dispatch on the implementation of lending to young people under 35 years old to buy social housing with preferential interest rates for 15 years. In which, the first 5 years the interest rate is 2% lower per year, the next 10 years the interest rate is 1% lower per year compared to the average interest rate for medium and long-term VND loans.
"This credit policy not only supports access to housing for the young workforce, but also encourages them to settle down, start a career, and stabilize their lives, thereby positively contributing to social growth and development," he emphasized.
At the conference, the Deputy Governor said that through review, the State Bank found that the biggest difficulty in implementing the Program is due to 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 requests ministries and agencies to urgently implement the solutions proposed in Resolution 201, especially the solution to establish the National Housing Fund and solutions to increase supply.
At the same time, the State Bank recommends 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.
Along with that, coordinate with agencies to develop specific credit capital demand plans for each social housing project each year so that commercial banks can proactively balance capital sources for lending to avoid wasting resources; assess the needs of local people to buy or rent houses to develop social housing development orientations suitable to the needs.
In addition, for localities, the Deputy Governor suggested that it is necessary to continue reviewing and promptly announcing the list of social housing projects, worker housing projects, and apartment building renovation and reconstruction projects so that commercial banks have a basis for consideration and lending.
According to the State Bank, as of April 30, 2025, 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 have committed to providing credit of about VND 7,800 billion for these projects, with disbursement reaching VND 3,866 billion. Of which, the portion granted to investors is VND 3,281 billion and the portion for home buyers is VND 585 billion.
Of the 100 projects mentioned above, 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 to borrow capital because they are actively arranging capital sources, or because the project has not reached the stage of needing capital mobilization, 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.
Source: https://baobackan.vn/nguoi-tre-duoi-35-tuoi-se-duoc-vay-mua-nha-o-xa-hoi-lai-suat-uu-dai-trong-15-nam-post71177.html
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