Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>Property  >> Homebuyers given assistance
NEW UPDATES Asean Affairs  24 November 2014  

Homebuyers given assistance

Vietnam:Individuals purchasing commercial houses worth VND1.05 billion (US$50,000) or less in urban projects that authorities have approved are entitled to financial assistance from the national real estate bailout programme.

This was under the State Bank of Viet Nam (SBV)'s Circular No 32/2014/TT-NHNN issued early this week to guide lending activities to assist business and market developments.

Previously, the Government also required State-owned commercial banks to reserve at least three per cent of their total outstanding loans to help low-income citizens lease or purchase social or commercial houses measuring less than 70 sq.m and priced below VND15 million ($714) per sq.m.

Viet Nam has been implementing a VND30-trillion ($1.43-billion) national real estate bailout package that has been disbursing capital since 2013 through Vietinbank, Vietcombank and BIDV, as well as Agribank and Mekong Housing Bank.

According to the latest SBV circular, package beneficiaries include civilian and armed forces servants and workers, as well as households and individuals who build social houses to serve workers and students.

Enterprises that transform their commercial housing projects into social housing projects are likewise qualified for support.

While interest rates for programme loans remain unchanged at six per cent per year or lower as designated by the SBV, the maximum term that home buyers or renters may enjoy such rates has been extended from 10 to 15 years and cannot be prolonged after June 1, 2031.

For customers nationwide who build or repair their own houses, each can acquire a maximum loan of VND700 million ($33,330).

The SBV is suggesting that joint-stock commercial banks join the programme and register with it for this purpose within 30 days after the circular takes effect on November 25.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            November 24, 2014 Subsribe Now !
• New Constitution draft to be ready next April Subcribe: Asean Affairs Global Magazine
• One public entity to control urban transportation services: Govt
• Bumi sells 50 percent stake in its subsidiary
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• MAS wins Airline of the Year Award at KLIA Awards 2013
• Homebuyers given assistance
Asean Analysis                    November 14, 2014

• Asean Analysis November 14, 2014
Malaysia Steps into Spotlight as ASEAN and East Asia Summit Chair
Advertise Your Brand

Asean Stock Watch    November 21, 2014
• Asean Stock Watch-November 21 , 2014
The Biweekly Update
• The Biweekly Update  November 14, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand