On the afternoon of November 7th, Mr. Nguyễn Đức Lệnh, Deputy Director of the State Bank of Vietnam Zone 2, overseeing Ho Chi Minh City and Dong Nai Province, announced that the Vietnam Bank for Social Policies (VBSP) in Dong Nai has reduced the interest rate on social housing loans. The rate has been lowered from 6.6%/year to 5.4%/year for all customers with outstanding loans for purchasing or leasing social housing.
“From a professional standpoint, this adjustment aligns with regulations. However, from a management perspective, it holds significant and practical benefits for citizens, particularly those eligible for social housing policies,” stated Mr. Lệnh.
VBSP Dong Nai reduces social housing loan interest rate from 6.6%/year to 5.4%/year
Mr. Lệnh further explained that, in accordance with the Decree on lending interest rates and transitional provisions, VBSP Dong Nai has implemented the reduced rate of 5.4%/year for 1,255 customers, with a total outstanding debt of over 531 billion VND (as of October 2025). This initiative provides motivation and joy for many policy beneficiaries who are renting, leasing, or purchasing social housing through VBSP in the province.
This reduction directly benefits and enhances the quality of life for policy beneficiaries acquiring social housing. Lowering the interest rate by 1.2%/year not only eases debt repayment pressure but also allows borrowers to allocate more income to improving their living standards, thanks to reduced interest payments.
Furthermore, this measure aligns with practical needs and facilitates easier access to capital for housing. Adjusting interest rates, expanding lending conditions, and increasing low-income thresholds, alongside other housing supply solutions, create a comprehensive approach. This ensures citizens can effectively access social policy capital to establish their homes.
“In terms of costs, lower interest rates reduce borrowing expenses and total debt repayment (principal and interest), ensuring customers can manage both debt obligations and improve their living conditions. This dual benefit drives development, ensuring social welfare and enhancing growth quality,” added Mr. Lệnh.
Previously, the People’s Committee of Dong Nai Province announced a list of eight social housing and worker housing projects eligible for preferential loans from the 120 trillion VND credit program. This program supports social housing, worker housing, and the renovation/reconstruction of apartment buildings. It serves as a foundation for banks to provide preferential loans to developers and homebuyers, promoting social housing development in the province.
Exciting News for Southern Social Housing Borrowers
Social Policy Bank of Dong Nai has recently reduced the interest rate on social housing loans for all customers with outstanding balances on their social housing purchase or lease-to-own loans. The new rate has been lowered from 6.6% per annum to 5.4% per annum.
Adjusting Social Housing Loan Interest Rates to 5.4%
Unlock your dream home with the Social Policy Bank’s exclusive housing loan offer. Enjoy a reduced interest rate of just 5.4% per year, down from the previous 6.6%, making it easier than ever to purchase or lease social housing. This unparalleled opportunity ensures affordability and accessibility for your housing needs. Act now and take advantage of this limited-time offer to secure your future home.
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As of August 2025, real estate credit in Vietnam has surged to over 4 quadrillion VND, marking a remarkable 19% increase, according to the State Bank of Vietnam.
Revitalized Real Estate Credit Paves the Way for a Surge in Affordable Housing
Real estate credit has rebounded with outstanding loans surpassing VND 4.1 quadrillion, while bad debt ratios remain under control. Multiple preferential credit packages for social housing are entering a robust disbursement phase. Renewed confidence is spreading across banks, businesses, and citizens, fostering expectations of a stable, sustainable market that expands homeownership opportunities for middle and low-income groups.
“A Proposed $100 Billion Affordable Housing Loan Initiative, with $16.5 Billion to be Disbursed in the Following Year”
The Ministry of Construction is seeking feedback from other ministries and relevant sectors on a draft resolution to allocate preferential capital for social housing development. The proposed resolution, estimated at VND 100,000 billion, aims to provide much-needed funding for social housing projects through the issuance of government bonds.
