No social housing project investor accesses preferential loans
From 2016 to now, no social housing project investor has been able to access preferential loans.
More policies to support non-public preschool, primary teachers
The Government has recently issued Decision No.11/2022/QD-TTg of the Prime Minister on credit for non-public preschool and primary educational institutions affected by the Covid-19 pandemic.
SBV draft regulations on social housing lending cause controversy
The State Bank of Vietnam (SBV) has proposed that commercial banks not be allowed to provide preferential loans to low-income people seeking to purchase, lease and lease-purchase social houses.
Zero percent loan rate provided for enterprises to pay wages for workers
Deputy Director of Ho Chi Minh City Bank for Social Policies Bui Van Son, on July 13, informed that the Vietnam Bank for Social Policies has started receiving applications for enterprises, who want to borrow money to pay wages for work stoppage and production restoration, according to the support package of VND26 trillion of the Government.
More than VND3.5 quadrillion of loans given with low-interest rates
The State Bank of Vietnam (SBV) said that to support people and businesses affected by the Covid-19 pandemic, credit institutions have provided new loans with lower interest rates than before the pandemic, with an accumulated loan outstanding balance from January 23, 2020, to now exceeded VND3.5 quadrillion.
Interest rate for social housing loans remains at 4.8 percent per annum
According to Decision No.532/2021 issued by the Prime Minister, the preferential lending interest rate at the Vietnam Bank for Social Policies applied on preferential loans to rent and buy social housing or build, upgrade, and repair houses according to the provisions of Decree No.100/2015 on social housing development and management is 4.8 percent per annum.