Social housing loan interest rates drop to 4.8%

May 11, 2023 - 16:42

Prime Minister Phạm Minh Chính on Wednesday approved a decision that lowers the interest rate on loans for social housing buyers from 5per cent to 4.8 per cent.

A social houding project in Đồng Tháp Province. — VNA/VNS Photo Nhựt An

HÀ NỘI — Prime Minister Phạm Minh Chính on Wednesday approved a decision that lowers the interest rate on loans for social housing buyers from 5 per cent to 4.8 per cent.

This decision is aimed at providing more affordable housing options for low-income households.

The preferential loan interest rate applies to outstanding loans used to buy, hire-purchase, new construction or home renovation or repair.

The decision takes effect from May 10, 2023 to December 31, 2024.

The Bank for Social Policies is responsible for overseeing the implementation of this decision.

Last month, the Government approved the project "investing in the construction of at least one million social housing apartments for low-income workers in industrial parks for 2021-30". The aim is to have around 1,062,200 local apartments ready by 2030, with an estimated 428,000 units to be completed during 2021-25 and a further 634,200 units during 2025-30. — VNS

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

Petrol prices further decrease

Petrol prices continued to be revised down from 3pm on May 11, following the latest adjustment of the Ministry of Industry and Trade, and the Ministry of Finance

Economy

VAT cuts to boost consumption: former GSO director

Nguyễn Bích Lâm, former director of the General Statistics Office of Vietnam, speaks to Vietnam News Agency about the supportive tax policy.

Economy

Vietjet sells promotional tickets on routes to India

On every Monday, Tuesday and Wednesday, passengers have opportunites to hunt discounted tickets at www.vietjetair.com and Vietjet Air mobile app, applying for all routes connecting Việt Nam (HCM City and Hà Nội) to India (Mumbai, New Delhi and Ahmedabad) with flexible flight schedules from August 1 to December 15, 2023.

Economy

Thermal power plant project hits administrative roadblock

If such complications cannot be resolved, "the entire project may not be able to go ahead", according to the ministry.

Economy

EVN proposes to prioritise coal supply for power production

EVN has also proposed those two coal suppliers reduce coal supply for other sectors and to increase the amount of coal supplied for power production in the second quarter of 2023. Other sectors will be compensated in the last months of the year.

Economy

Labour market to record 150,000 new jobs in Q2: ministry

MoLISA forecasts the most sought jobs will be related to manual work in the industrial sector, sales and marketing, accounting and finance, production management, personnel management, and project management.

Economy

Fruit farmers must follow planning to prevent prices from falling

Recently, many farms in the southern province of Trà Vinh Province reported losses because the prices of many kinds of fruits such as mango, orange and pomelo continued to drop.

Economy

Tetra Pak recognised as a European Climate Leader 2023 by the Financial Times

Tetra Pak has been named a European Climate Leader 2023 by the Financial Times, in recognition of the company’s progress in reducing greenhouse gas (GHG) emissions and its robust commitments to climate action.