Is it possible to buy a house in Ho Chi Minh City with an income of 20 million VND per month?

(NLĐO) - Young people can save up about 20% of the house value themselves, and the bank is willing to lend the rest.

Is it difficult for young people to buy a house?

On September 12th, at the seminar "With an income of 20 million VND, can young people in Ho Chi Minh City afford to live comfortably?" with the theme "Ho Chi Minh City expansion - Opportunities for young people to find housing," organized by the Thanh Tra Newspaper, Mr. Chu Van Hai, Head of the Social Housing Management and Development Department, Department of Housing and Real Estate Market Management - Ministry of Construction , pointed out the common reality in Vietnamese cities: the gap between income and housing prices is a major challenge.

He cited information from the Institute of Economics under the Ministry of Construction in August 2025, stating that apartments priced above 50 million VND/m2 accounted for 33% of the total housing supply in Ho Chi Minh City (formerly). With the income of young people, buying an average 70m2 apartment would require an expenditure equivalent to 2.5 billion to nearly 4 billion VND.

Therefore, the Ministry of Construction is determined to complete the Project to build 1 million apartments so that young people can access housing; and to have mechanisms and policies to develop mid-priced commercial housing.

Ms. Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam Region 2, also acknowledged that the goal of settling down in the city is a major challenge for many young people who do not have much accumulated capital.

In response to this situation, the State Bank of Vietnam has proactively implemented numerous credit management policies for the real estate, housing, and social housing sectors.

Experts at the seminar discussed the issue, with many suggesting that it is not too difficult for young people to own a home at this time.

A typical example is the credit package for loans to purchase social housing, worker housing, and projects to renovate and rebuild old apartment buildings, which initially amounted to 120,000 billion VND and has now increased to 145,000 billion VND. The program stipulates a maximum period of 15 years from the date of disbursement for young people under 35 years old who need to borrow capital to buy social housing.

"Since the program was launched, interest rates have decreased by 2.3 percentage points compared to the initial announcement. Currently, the lending interest rate for homebuyers is 5.9% per year, and for developers it is 6.4% per year," Ms. Lien informed.

Some commercial banks are also proactively developing loan packages for young people under 35 years old, with loan terms ranging from 35 to 50 years, depending on the bank. Common preferential interest rates are around 3.99 - 9.99% per year, depending on the loan progress and the fixed interest rate period...

Interest rates for home loans in Ho Chi Minh City are decreasing.

According to economist Dr. Vu Dinh Anh, the core of the dream of owning a home remains the ability to pay. Young people can save up about 20% of the house's value themselves, and the rest can be financed by banks. This is both an opportunity and a challenge…

Young people borrowing to buy a house can use smart financial leverage such as finding banks with long principal repayment terms, or having reserves by borrowing more than the actual amount needed to repay...

From a banking perspective, Mr. Huynh Trung Minh, Director of Insurance and Partner Development at HDBank , stated that currently, with an income of 20 million VND per month, young people can absolutely buy a house thanks to smart financial leverage.

"If I need 3 billion VND to buy a house, I will borrow 3.5 billion VND. Of that, 500 million VND will be set aside as a contingency for unforeseen circumstances or to cover debt repayments within 6 months if my income fluctuates."

"The surplus money is a safe amount, but few people realize that. The starting point may not be high, so young people need solutions to improve. If they know how to use financial leverage intelligently, they will never have to work tirelessly to pay off debt, and they will never stifle their aspirations to rise up," said Mr. Huynh Trung Minh.

Source: https://nld.com.vn/thu-nhap-20-trieu-dong-thang-va-cach-de-nguoi-tre-mua-duoc-nha-o-tp-hcm-196250912155655133.htm