Ho Chi Minh City proposes capping social housing loan support at VND300 billion

The Government of Vietnam has allocated VND17.5 trillion in loans for social housing projects, as reported by the State Bank of Vietnam. This funding has been dispersed across 11 commercial banks, exceeding the initial VND120 trillion promised by four state-owned banks. The increase in social housing lending is attributed to recent government and ministerial measures aimed at expanding the supply of housing.

As of August 31, total committed loans under the program reached VND50.3 trillion, with outstanding loan balances totaling VND14.3 trillion. Recent interest rate adjustments have resulted in preferential lending rates of 7 percent per annum for developers and 6.5 percent per annum for homebuyers, with the preferential rate period capped at three years for developers and five years for homebuyers.

The Vietnam Bank for Social Policies has fulfilled its 2026 social housing lending quota, accounting for 100 percent of its assigned target. The bank, which was allocated VND6.305 trillion in central budget funds for 2026, has disbursed VND5.104 trillion, or 81 percent of its plan, with the remaining VND1.201 trillion scheduled for disbursement based on construction milestones.