State Bank of Vietnam reiterates preferential social housing lending terms as commercial banks commit VND 20.5 trillion

At a social housing workshop convened by the Ministry of Construction, the State Bank of Vietnam (SBV) outlined its credit measures to support affordable and social housing and reported around VND 41 trillion in outstanding lending across policy and commercial-bank channels. Outstanding loans at the Vietnam Bank for Social Policies exceeded VND 25 trillion, including more than VND 20.5 trillion under the Decree 100 social housing programme and nearly VND 4.8 trillion across four housing support programmes for policy beneficiaries. Commercial-bank lending exceeded VND 16 trillion, comprising over VND 9 trillion under regular lending and almost VND 7 trillion under the Resolution 33 programme, with VND 8.293 trillion disbursed; banks had committed VND 20.5 trillion, equivalent to 17% of the VND 120 trillion programme envelope, to be disbursed in line with project construction progress. SBV representatives also described preferential rate settings, including about 5.4% per year for Decree 100 homebuyers with loan terms of up to 25 years, and said commercial-bank programme rates for buyers are set around 2 percentage points below the average lending rate of state-owned commercial banks, with around a 1.5 percentage point preference for developers; programme rates were cited at 5.6% for buyers and 6.1% for developers. SBV said it allows programme lending balances to be excluded from banks’ annual credit growth targets to encourage participation.