Fierce policy, but the capital disbursement mechanism has not kept up
According to a report from the State Bank, by the end of 2024, the disbursement rate is only low compared to expectations. A number of reasons are indicated, including complicated procedures, legal housing regulations, overlapping, lack of land fund and identifying benefits from the loan package are not really close to reality.
The representative of the State Bank said that the disbursement of the credit package of VND 145,000 billion needs to ensure the right object and the right purpose, avoiding the status of profiteering. However, the bank acknowledged that the current approval process is causing the implementation progress to be prolonged. The State Bank will continue to work with the Ministry of Construction and related units to find solutions to remove difficulties.
Talking to PV Labor, Mr. Vu Cuong Quyet - General Director of Dat Xanh Green Real Estate Service Joint Stock Company - said: “This credit package is a very good policy, but in 2024, the development The reality has not yet been clearly effective. With the Northern Green Land, we participate in the distribution of social housing projects and support customers in legal procedures, bank loan documents. According to the policy, customers who buy social housing will be borrowed with preferential interest rates of about 4-5%/year. However, in reality, in the past year, the number of borrowers has been very small, even many social housing projects have not access this capital.
Besides, very few investors can borrow capital from credit packages to develop social housing projects. This shows certain barriers in the implementation of policies, both from businesses and customers. I think that the barrier is not really clear. If compared, the credit package of VND 30,000 billion has previously been more drastically implemented, when both businesses and home buyers have access to capital very easily.
Since the end of the VND 30,000 billion credit package, the access to loans for social housing has become more difficult. One of the reasons is the low preferential interest rate (about 4-5%) makes commercial banks less salty, because they are lending commercial loans with interest rates 7-8%, even 9-10%. Without the state support mechanism, it is difficult for the bank to strongly deploy this credit package " - Mr. Quyet said.
Credit package motivates businesses to invest more in social housing
Commenting on the feasibility of the credit package of 145,000 billion dong, General Director of Dat Xanh Green Real Estate Service Joint Stock Company said: "If done drastically, the implementation will not be too difficult. Trong is this credit package will have a very positive impact on the market, especially for workers with average and low income. The bank is high, causing workers to have no chance of owning houses. The issue of loan interest, a big problem is a barrier for developing social housing is the high cost of input. .
Therefore, Mr. Quyet said that if the credit package of VND 145,000 billion operates more smoothly, it will promote businesses to invest more in social housing.
"Most social housing buyers have low income, they do not have a large amount of money to buy houses but have to borrow from banks. A 60m2 apartment in Hanoi costs about 1.2-1.3 billion dong , while the couple's income is only about 20-25 million/month. If there is no low interest rate, it is difficult for them to buy a house. It is also an important solution to help workers have the opportunity to own houses. .
