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.
The Ministry of Construction has proposed the Government arrange a credit package worth around VND110 trillion ($4.6 billion), but later retracted the package proposal, opting for the implementation of the VND120 trillion package raised by the State Bank of Viet Nam.
Property transactions have not been beset by the usual gloom in this year’s “Ghost Month” as both local developers and home buyers have gradually changed their attitudes.
Viet Nam is considering changing the amended Housing Law, which is now
under discussion, to make it easier for foreigners and Vietnamese
expatriates to buy houses in the country.
The HCM City People''s Committee has directed district, commune and ward
administrations to simplify formalities for home buyers in their
respective localities.
Orient Commercial Bank is offering intest rates of 5.99 per cent within the first three months and 12.49 per cent over the next nine months for car buyers with an average income of VND10 million per month.