The State Bank of Vietnam outlined steps to prioritise bank credit for social housing at a conference on implementing the National Assembly’s Resolution 201/2025/QH15, highlighting operational measures to accelerate lending under the Government’s Resolution 33 programme and a new preferential loan framework for homebuyers under 35. Implementation measures include 11 supervisory and implementation directives, a hotline and project-by-project reviews with local authorities and banks, and an instruction allowing participating commercial banks to exclude outstanding programme lending from their annual credit growth targets. Nine commercial banks have registered to participate with a total lending limit of VND 145 trillion; programme interest rates have been reduced five times and stand at 6.6% per year for developers and 6.1% per year for buyers. As of 30 April 2025, 38 of 63 provinces had published eligible project lists covering around 100 projects, with banks committing about VND 7.8 trillion and disbursing VND 3.866 trillion (VND 3.281 trillion to developers and VND 585 billion to buyers). A separate under-35 scheme set out a 15-year preferential rate structure, with the first five years 2 percentage points below the average standard VND medium- and long-term lending rate and the following 10 years 1 percentage point below. The central bank flagged limited social housing supply as the main constraint on disbursements and called on ministries and local governments to implement Resolution 201 measures, including establishing a national housing fund, publishing project lists, removing project bottlenecks and preparing annual, project-level credit demand plans to support banks’ funding allocation.
State Bank of Vietnam 2025-06-02
State Bank of Vietnam exempts social housing programme lending from credit-growth limits and launches preferential under-35 borrower scheme
The State Bank of Vietnam announced measures to prioritize bank credit for social housing, including a new preferential loan framework for homebuyers under 35. Nine commercial banks have committed to a total lending limit of VND 145 trillion, with interest rates reduced to 6.6% for developers and 6.1% for buyers. The central bank identified limited social housing supply as a key constraint and urged ministries and local governments to implement supportive measures under Resolution 201.