On the afternoon of October 26, a representative from the State Bank of Vietnam (SBV) in Region 2 announced that, as of the end of October, 12 projects had been approved in Ho Chi Minh City under the social housing, worker housing, and old apartment renovation and reconstruction loan program. This initiative is part of Resolution 33/NQ-CP dated March 11, 2023, issued by the Government.
Only 3 social housing projects in Ho Chi Minh City have received disbursements totaling over VND 280 billion. (Photo: Đ.V)
According to SBV Region 2, only 3 of the approved projects have received disbursements under the social housing and worker housing credit package. The cumulative disbursement volume has reached over VND 280 billion, with an outstanding balance of nearly VND 261 billion. Notably, only 2 individual customers have been disbursed a total of over VND 1.5 billion.
Additionally, credit institutions in Ho Chi Minh City have disbursed nearly VND 724 billion for 3 social housing projects located outside the city. The current outstanding balance for these projects is over VND 614 billion.
The loan program for social housing, worker housing, and old apartment renovation and reconstruction, as outlined in Resolution 33/NQ-CP dated March 11, 2023, is a preferential credit scheme with a total scale of VND 145 trillion, involving 9 commercial banks. Previously, the credit scale for this program was VND 120 trillion.
The modest disbursement figures in Ho Chi Minh City highlight the challenges in developing social housing within the city.
According to the Ho Chi Minh City Department of Construction, the progress of social housing projects in the city remains sluggish. To date, only 205,000 m² of residential floor area has been constructed, equivalent to 4,100 apartments, which is just under 12% of the planned 35,000 social housing units for the 2021-2025 period.
A representative from SBV Region 2 noted that, in addition to the social housing loan program, the agricultural and rural lending program under Decree 116/2018 of the Government also has an outstanding balance of over VND 467 trillion in Ho Chi Minh City, serving more than 1.75 million customers.
Enterprises in export processing zones and industrial parks within Ho Chi Minh City have an outstanding debt of nearly VND 284 trillion. Of this, short-term debt accounts for over VND 225 trillion, or more than 79%, while medium and long-term debt totals over VND 58 trillion, or nearly 21%.
Phú Mỹ 2 Bridge Construction: A $560 Million PPP Project
Spanning approximately 6.3 kilometers, the Phu My 2 Bridge will connect Ho Chi Minh City and Dong Nai Province, with 4.6 kilometers in HCMC and 1.7 kilometers in Dong Nai. Designed for a speed of 80 km/h, the bridge features eight lanes—six for motor vehicles and two mixed-use lanes. Construction is slated to begin in Q3 2026, with completion and operation expected by 2029.
Luxury Apartment Project Developer in Ho Chi Minh City Accused of Encroaching on Thousands of Square Meters of Public Land
The project, licensed for construction on nearly 4,630 square meters, saw the developer extend the basement into the adjacent plot. Notably, over 1,270 square meters of land within the designated boundary were unlawfully encroached upon.
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The free USD exchange rate has stabilized following the State Bank’s request to the Ministry of Public Security to inspect, monitor, and regulate foreign exchange activities.
Central Bank Warns: Individuals Exploiting Cash Foreign Currency Purchases for Profit
In recent days, the USD exchange rate in the unofficial market has shown an upward trend, accompanied by noticeable discrepancies in trading rates within the banking system.
Ho Chi Minh City Credit Growth Estimated at 9.79% by End of October
As of October 31, 2025, the total outstanding credit balance of credit institutions in Ho Chi Minh City is estimated to reach nearly VND 4,920 trillion, marking a 0.66% increase compared to the end of September and a 9.79% rise from the end of 2024.
