HCMC – Outstanding loans for Vietnam’s social housing program have surpassed VND19.5 trillion, according to the Vietnam Bank for Social Policies (VBSP).
The bank said it has provided loans to more than 50,000 customers under the program, which supports low-income households, workers, and disadvantaged groups in accessing affordable housing.
From October 10, the preferential interest rate for social housing loans was cut to 5.4% per year. The new rate applies to loans for buying or renting social homes, homes for armed forces personnel, and for building or repairing houses.
The rate reduction follows Government Decree 261, which amends previous regulations on social housing development and management, and Decree 192 guiding the implementation of Resolution 201 on pilot policy for social housing. These took effect on October 10, 2025.
Existing credit contracts signed before this date will also be adjusted to the 5.4% rate, applying to both current and overdue principal amounts.
VBSP’s social housing loan program targets low-income urban residents, workers in and outside industrial zones, public employees, and poor or near-poor households in rural and urban areas, including those affected by natural disasters or climate change.
