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Government credit package barely touched after 18 months

Government credit package barely touched after 18 months

The bureaucracy has taken 18 months to disburse only 1.7% of a VND40 trillion ($1.64 billion) credit incentive package offering borrowers up to 2% points in loan interest reduction.

Two months on, $5B social housing loan package remains untouched

Two months on, $5B social housing loan package remains untouched

No one has been able to borrow from the VND120-trillion (US$5.11 billion) credit package the government launched two months ago since there is no supply of social housing.

$5B credit package to stir up social housing development

$5B credit package to stir up social housing development

A VND120 trillion ($5.12 billion) credit package with incentive interest for both developers and buyers is set to boost social housing construction amid a shortage of affordable apartments, analysts say.

April 11, 2023 | 05:52 am PT

Pumping up affordable property supply could warm up market: analysts

Pumping up affordable property supply could warm up market: analysts

Stimulating investment in affordable housing where demand has been high for years is an ideal solution to unfreeze the property market, analysts say.

February 20, 2023 | 02:20 am PT

Vietnam offers $5B in credit for social housing

Vietnam offers $5B in credit for social housing

Four state-owned banks have agreed to set aside a credit package of VND120 trillion ($5 billion) for the development of social housing and workers’ housing projects, central bank governor said.

February 17, 2023 | 06:17 am PT

Ministry proposes $2.8 bln credit to boost social housing projects

Ministry proposes $2.8 bln credit to boost social housing projects

The Ministry of Construction wants credit worth VND65 trillion (over $2.8 billion) to support developers of social housing, housing for workers, and buyers.

October 30, 2021 | 03:00 am PT

Techcombank customers set for $1.28 billion Covid-19 relief package

Techcombank customers set for $1.28 billion Covid-19 relief package

Techcombank will help Covid-19 affected individuals and enterprises with a VND30 trillion ($1.28 billion) credit relief package including lower interest rates and debt rescheduling.

April 15, 2020 | 08:30 pm PT

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