Central bank to accelerate disbursement of social housing loan package: Governor
The State Bank of Vietnam (SBV) will step up the information work to further popularise the social housing loan package among the public given its sluggish disbursement, SBV Governor Nguyen Thi Hong said at a question and answer session of the 15th National Assembly in Hanoi on November 6.
Hanoi (VNA) – The State Bank of Vietnam(SBV) will step up the information work to further popularise the socialhousing loan package among the public given its sluggish disbursement, SBV GovernorNguyen Thi Hong said at a question and answer session of the 15th National Assembly in Hanoi on November 6.
The 120 trillion VND (5.12 billion USD) credit packagewith incentive interest for both developers and buyers is set to boost socialhousing construction amid a shortage of affordable apartments.
Under the 10-year package, which was launched by thecentral bank in April, the loan interest rates for them will be 1.5-2% lowerthan those of commercial banks.
However, the disbursement has been far slower than expecteddue to the limited supply and inappropriate loans terms, Hong explained, notingthat the central bank will urge People’s Committees of cities and provinces tosoon announce projects entitled to the package.
The 120 trillion VND (5.12 billion USD) credit package with incentive interest for both developers and buyers is set to boost social housing construction amid a shortage of affordable apartments. (Photo: VNA)
The bank will instruct credit institutions topay more attention to the disbursement, and expand it to commercial banks, Hongsaid.
Over the past time, only 18 out of the 63 People'sCommittees released the list of participating projects with 53 projects andtotal loan demand of 27 trillion VND. To date, 105 billion VND has beendisbursed for three in three localities.
According to a Government report, as of the end ofSeptember, a total of 46 social housing projects with about 20,210 apartmentshad been completed in urban areas, while 419 others with 392.635 apartments areunder construction.
Regarding cashless payment, Hong stressed thatthanks to specific solutions taken by the SBV such as reviewing the legalsystem, non-cash transactions have been on the rise.
However, the traditional payment habit and theprevalence of high-tech crimes are among the obstacles to cashless payment, shesaid, adding that the SBV will further review relevant documents, coordinatewith agencies to perfect the legal corridor, take solutions to ensure informationsecurity and safety for clients, and enhance the communications work.
At the working session, the Governor also cleared upquestions on credit management and loan shark prevention./.
Many experts on the property market proposed cutting interest rates of loans for investing or buying social housing products to 4.5-6% per year from 8.2-8.7% at present.
After four months of implementing a 120 trillion VND (5.11 billion USD) credit package for investors and buyers of social homes, only 95 billion VND was disbursed, and 950 billion VND was committed for lending.
The southern economic hub of Ho Chi Minh City is striving to build 35,000 social housing apartments by 2025, equivalent to 2.5 million square metres of floor space, said the municipal People's Committee.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
SBV Governor Nguyen Thi Hong. (Photo: VNA) 
The 120 trillion VND (5.12 billion USD) credit package with incentive interest for both developers and buyers is set to boost social housing construction amid a shortage of affordable apartments. (Photo: VNA) 
