List of 9 banks participating in the program
Implementing the direction of the Government and the Prime Minister in resolutions and directives issued in early 2025, the State Bank of Vietnam (SBV) issued Official Letter No. 4290/NHNN-TD dated May 29, 2025, requesting 9 commercial banks to deploy preferential credit packages exclusively for young people under 35 years old to buy social housing.
The list of 9 banks participating in the program includes: Agribank, BIDV, Vietcombank, VietinBank, HDBank, VPBank, Techcombank, TPBank and MB.
The SBV requires these banks to urgently implement the program from May 31, 2025 across the system, while promoting communication so that people can grasp information and access loan packages when needed.
This program is part of the plan to implement Resolution 33/NQ-CP dated March 11, 2023 of the Government on developing social housing, housing for workers and renovating and rebuilding old apartment buildings.
Interest rate incentives for borrowers under 35 years old
In the first 5 years from the date of first disbursement, customers under 35 who borrow to buy social housing will enjoy an interest rate 2 percentage points lower than the average medium-term lending interest rate in VND of 4 state-owned commercial banks (Agribank, BIDV, Vietcombank, VietinBank).
Thus, the interest rate applied until June 30, 2025 is 6.1%/year.
In the next 10 years, the preferential interest rate will continue to be maintained, 1 percentage point lower than the above general level.
From July 1, 2025 onwards, the SBV will periodically announce the interest rate every 6 months applied to banks participating in the program.
The program of using self-moved capital of commercial banks that have registered to participate in lending social housing, workers' housing and renovating and rebuilding old apartment buildings according to Resolution 33.
The SBV emphasized that, in addition to the preferential policy for young people under 35 years old, banks need to continue to comprehensively promote the social housing loan program in accordance with the guidance in the documents of the Government, the Prime Minister and the Governor of the State Bank of Vietnam.
