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credit package for social housing

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.
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.
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.
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.