The Ministry of Construction has urged the State Bank of Vietnam to study a new credit package for low-income home buyers with preferential interest rate 3-5% lower than lending rates provided by commercial banks. The proposal was noted in the ministry’s report on the on-going drive to develop at least a million social housing apartment units by 2030. The lower-rate preferential credit would be over terms of 10-15 years. The new credit package will help low-income earners to buy houses, with evidence they are not buying homes.
Source: Vietnam News Agency
