According to the State Bank of Vietnam (SBV), so far, only 28 out of 63 provincial People's Committees have sent documents or announced the list of projects...
According to Mr. Le Hoang Chau, Chairman of HoREA, guidance on credit procedures for suitable projects in need of funding for both investors and homebuyers...
As of September 29, the total credit for the entire economy reached nearly VNĐ12.7 quadrillion (US$531.2 billion), marking a 6.92 per cent increase since early this year.
According to Mr. Lê Hoàng Châu, Chairman of HoREA, appropriately defining social housing is critical for determining eligibility for housing support measures.
The government's initiative to disburse a favorable credit package of VND 120,000 billion for investors and purchasers of social housing and worker accommodations,...
According to Associate Professor Dr. Dinh Trong Thinh, interest rates are now progressively lowering, and banks could consider cutting the adjustment period of...
Minister of Finance Ho Duc Phoc feels that both state-funded and private-sector-funded social housing projects require pricing approval by the state and price-cap rules.
The 120 trillion VND loan package has not produced any outstanding debt after a time of execution, implying that no capital has been handed out.
Vietnam continues to face challenges in 2Q23 after a tough 1Q23 economic performance, said HSBC.
This credit package is carried out by four State-owned commercial banks, Vietcombank, Agribank, BIDV and VietinBank, with annual interest rates from 8.2 to 8.7 per cent....
In order to effectively disburse a low-interest housing credit package of VNĐ120 trillion (US$5.11 billion), many experts recommend expanding the borrowers.
The package covers social housing development, homes for workers and renovation of degraded apartments with preferential interest rates around 1.5-2 per cent lower than...
The PM has called on SBV to accelerate the distribution of the credit package that provides VNĐ120 trillion (US$5.1 billion) of preferential loans to individuals seeking...
Incorrect credit package expectations could have unexpected spillover effects.
A clear mechanism is essential to ensuring a preferential credit package will benefit pandemic-hit firms and contribute to economic recovery.
Loans of pandemic-hit enterprises will enjoy an interest rate cut of 2 per cent under a government support package to remove difficulties for the businesses.
Many economic experts said that with the current credit scale of over VND10 quadrillion if banks reduce the lending interest rate by 0.5 percent per annum, enterprises...
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