Hai Phong voters reflected that currently, in Ngo Quyen district, Hai Phong city is implementing many social housing projects.
However, the interest rate for households to borrow from the Social Policy Bank is 6.6%/year (according to Decree No. 100/2024/ND-CP of the Government) equal to the lending rate for poor households and is still high compared to the lending rate of some commercial banks.
To ensure social security, voters recommend that the Government reduce lending interest rates for poor households, households in difficult circumstances and officials and civil servants when buying social housing lower than commercial banks".
Regarding this issue, the Ministry of Construction responded as follows:
Clause 5, Article 77 of the Housing Law, effective from August 1, 2024, stipulates the form of implementation of social housing support policies as follows: "Support for preferential loans from the State through the Social Policy Bank, credit institutions designated by the State for subjects specified in this Law to buy, rent, or build or renovate or repair houses themselves".
Clause 4, Article 48 of Decree No. 100/2024/ND-CP of the Government detailing a number of articles of the Housing Law stipulates: Lending interest rates equal to lending interest rates for poor households are regulated by the Prime Minister in each period. The overdue debt interest rate is equal to 130% of the lending interest rate".
Thus, the lending interest rate for poor households is regulated by the Prime Minister according to the proposal of the Social Policy Bank in each period.
In addition to loans from the Social Policy Bank, currently buyers and renters of social housing can access a credit package of VND120,000 billion.
According to the Government's policy in Resolution 33/NQ-CP dated March 11, 2023, the main commercial banks are 4 state-owned commercial banks: Agribank, BIDV, Vietcombank, Vietinbank.
These banks reserve capital to lend to investors and buyers of social housing, workers' housing, and apartment renovation and reconstruction projects with a total registered amount of VND 30,000 billion per bank.
In addition to the 4 above-mentioned banks, 5 other banks (Mbbank, Techcombank, Vpbank, Tpbank and Hdbank) also registered to participate in the program with the registration amount of each bank being VND 5,000 billion, bringing the total scale of the Program to VND 145,000 billion.
The program is disbursed until 2030, contributing to supporting the implementation of the investment target of building at least 1 million social housing units for low-income people and industrial park workers in the period of 2021-2030.
