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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.
Novaland completes restructuring procedures for the 300 million international convertible bond package

Novaland completes restructuring procedures for the $300 million international convertible bond package

This can be seen as a positive sign for Novaland after a period of financial restructuring efforts.
Ministries and localities to look into delays paying out the multi billion social housing package

Ministries and localities to look into delays paying out the multi billion social housing package

The central government has directed ministries and local authorities to conduct a study into the delays in disbursing the VND120 trillion credit package for social housing and how to address them.
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.
Samsung supports local businesses building smart factories

Samsung supports local businesses building smart factories

Samsung will survey the two factories for options of applying smart production lines and management from September to December of 2023.
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.
Support policies must be practical for firms

Support policies must be practical for firms

Regarding the proposal of the central bank to transfer the undisbursed sum of the 2 per cent interest rate support package into other forms of support, many experts said that this should be the way to go and must be...
Sacombank unveils preferential lending package for retail customers

Sacombank unveils preferential lending package for retail customers

Sacombank has rolled out a preferential package worth VND15 trillion (US$640.5 million) for retail customers to meet both business and living needs.
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.
VinES to receive technical assistance package from Australia

VinES to receive technical assistance package from Australia

The package aims to support the study towards promoting the growth of lithium ion battery technology and sustainable production of batteries for electric vehicle in Viet Nam as well as job creation opportunities along the supply chain.