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credit package

Govt set to implement state-funded 1.2b credit package for social housing

Gov’t set to implement state-funded $1.2b credit package for social housing

The Government is set to implement a state-funded credit package valued at VNĐ30 trillion (US$1.2 billion) aimed at enhancing social housing initiatives and replacing the current package that was deemed ineffective.
Social housing credit package to be made more preferential to increase disbursement

Social housing credit package to be made more preferential to increase disbursement

Statistics of the State Bank of Việt Nam’s Credit Department showed that to date, VNĐ1.344 trillion from the social housing credit package has been disbursed, 96.4 per cent of which was provided to project’s developers, while just a modest sum...
Vingroup, Techcombank propose lower interest rates and extended loan terms for social housing

Vingroup, Techcombank propose lower interest rates and extended loan terms for social housing

Vingroup and Techcombank have proposed a new social housing credit package with a fixed 4.8 per cent interest rate for the first five years, a 30-year loan term and loans covering up to 100 per cent of the purchase price.
Construction ministry urges new credit package for low-income home buyers

Construction ministry urges new credit package for low-income home buyers

The Ministry of Construction has urged the State Bank of Vietnam to study a new credit package for low-income home buyers with a preferential interest rate lower than lending rates provided by commercial banks.
Lukewarm reception for VNĐ120 trillion credit package

Lukewarm reception for VNĐ120 trillion credit package

According to the State Bank of Vietnam (SBV), only 68 of such projects, located in 28 out of 63 cities and provinces across the country, have been announced to date.
Why VNĐ120 trillion social housing credit package has few takers

Why VNĐ120 trillion social housing credit package has few takers

The credit package was d following the issuance of Resolution No 33/NQ-CP in March by the Government with a number of solutions to promote the healthy and sustainable development of the property market.
Sacombank launches 459m preferential credit package for businesses

Sacombank launches $459m preferential credit package for businesses

Sacombank has unveiled a VNĐ11 trillion (US$459.8 million) credit package for corporate customers at preferential interest rates starting at 6.2 per cent.
State bank launches VNĐ15 trillion credit package to support forestry and fishery businesses

State bank launches VNĐ15 trillion credit package to support forestry and fishery businesses

Under Document No 5631, the eligible borrowers of this credit package are customers who have projects or plans to serve production and business activities in forestry and fishery areas.
Credit package for social housing development not yet disbursed: SBV

Credit package for social housing development not yet disbursed: SBV

Although it was effective from April 1, 2023, so far, the VND120 trillion package has not yet have any borrowers.
Housing supply expected to increase in the future with new credit package

Housing supply expected to increase in the future with new credit package

This credit package is carried out by four State-owned commercial banks, Vietcombank, Agribank, BIDV and VietinBank, with annual interest rates from 8.2 to 8.7 per cent. This programme has been implemented since April 1, 2023.
Experts recommend expanding borrowers of US5.11 billion credit package

Experts recommend expanding borrowers of US$5.11 billion credit package

In order to effectively disburse a low-interest housing credit package of VND120 trillion (US$5.11 billion), many experts recommend expanding the borrowers.
SBV calls for VND120 trillion social housing credit package to be sped up

SBV calls for VND120 trillion social housing credit package to be sped up

The package covers social housing development, homes for workers and renovation of degraded apartments with preferential interest rates around 1.5-2 per cent lower than the average rate of four State commercial banks.
Pandemic-hit firms to enjoy preferential interest rate credit package

Pandemic-hit firms to enjoy preferential interest rate credit package

Loans of pandemic-hit enterprises will enjoy an interest rate cut of 2 per cent under a Government support package to remove difficulties for the businesses.
Ministry of Construction proposes credit package to build homes for workers

Ministry of Construction proposes credit package to build homes for workers

The Ministry of Construction has proposed a VND30 trillion (US$ 1.3 billion) credit package to build low-cost homes for workers.
Businesses unable to access Govt support package, experts call for simpler application procedures

Businesses unable to access Govt support package, experts call for simpler application procedures

Procedures for accessing the Government’s credit package for enterprises and individuals affected by the COVID-19 pandemic must be made simpler and more rational, experts have said.