Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July 2020 due to low capital demands from business and production.
HCM City Real Estate Association has proposed the State Bank of Viet Nam should raise a stimulus package similar to its previous VND30 trillion (US$1.3 billion) preferential home loan package.
The Government included eight more joint stock commercial banks in its
VND30 trillion (US$1.395 billion) preferential home loan package as of
January 7 this year.