Mr. Tran Van Tai, Director of the Social Policy Bank (SPB)- Quang Binh Branch, stated that, in implementing the social housing loan program under Decree 100/2024/ND-CP, SPB – Quang Binh Branch has sent a document to various departments to continue coordinating and promoting the social housing loan program.
Currently, there are no social housing projects underway in Quang Binh Province. (illustrative image)
Simultaneously, they have been running promotional programs on Quang Binh Newspaper and Radio-Television, as well as initiating a disbursement drive for social housing loans…
However, there is a large amount of idle capital, totaling VND 90.6 billion, including VND 88 billion from central sources and VND 2.6 billion from local sources.
This situation arises due to the absence of social housing projects in the locality, resulting in a non-existent demand for social housing loans. At present, SPB – Quang Binh Branch has only been implementing loans for individual construction and repair of houses, but even then, there aren’t many borrowers.
According to a director of a district-level SPB in Quang Binh, the low disbursement rate of social housing loans is not only because there are no social housing projects in Quang Binh Province but also because households are reluctant to borrow for new construction or repairs due to the high-interest rates.
As per the government’s regulations, the interest rate for social housing loans is 6.6%/year, whereas many commercial banks offer lower rates than this.
The bank has only been able to disburse loans to customers for individual house construction and repair.
It is known that, in the past, Quang Binh Province has also promoted various incentives to invite businesses to invest in social housing, but so far, not a single social housing project has been commenced; all targets and project numbers remain on paper.
Peer-to-Peer Lending: Navigating the Risks
The government has recently introduced a new decree, 94/2025/ND-CP, which outlines a controlled experimentation framework for the banking sector, coming into force on July 1st, 2025. Peer-to-peer lending, or P2P lending, is one of the key areas that will undergo this innovative regulatory sandbox approach.
National Housing Fund: A Non-Profit Initiative
“The Deputy Prime Minister, Ho Duc Phoc, announced the establishment of a National Housing Fund, a non-profit initiative primarily funded by the government’s budget. The fund aims to provide much-needed support for the construction of social and affordable housing for those in need.”
Is Bank Liquidity Stress a Concern?
The disparity in credit growth and capital mobilization rates in Q1 2025 is a notable signal. While it does not yet pose a systemic risk, it necessitates that banks tightly control their liquidity, maintain credit safety, and employ more flexible approaches to attracting capital sources.
“Expediting Three Vital Transport Projects in Quang Binh: Overcoming Obstacles in Land Clearance.”
“These are three pivotal public investment projects in Quang Binh Province that are facing significant challenges with regard to land clearance and delayed disbursement progress. Vice Chairman of the Provincial People’s Committee, Phan Phong Phu, personally inspected the sites and directed relevant units to expeditiously address the obstacles to guarantee construction stays on track.”
“Proposed Property Tax on Stalled and Vacant Properties: A Study”
“Vice Prime Minister Tran Hong Ha has proposed a study on imposing taxes on idle land, as well as on real estate projects and housing developments that are delayed or stagnant. This proposal aims to address the issues of land speculation and stagnant development, encouraging more efficient use of land resources and promoting a vibrant and sustainable real estate market in Vietnam.”
