By the end of 2016, 30,000 billion vnd will be disbursed

VCN- In a press release, the State Bank of Vietnam said that by 30th November 2016, the home loan package of 30,000 billion vnd had been disbursed with 29,239 billion vnd and oustanding loans of 24,166 billion vnd.
den cuoi nam 2016 se giai ngan het goi 30000 ty dong Capital mobilization reaches good result thanks to policy adjustment in a timely fashion
den cuoi nam 2016 se giai ngan het goi 30000 ty dong Focus on the disbursement of investment capital in basic construction
den cuoi nam 2016 se giai ngan het goi 30000 ty dong The delay in ODA disbursements
den cuoi nam 2016 se giai ngan het goi 30000 ty dong
The package of 30,000 billion vnd has achieved positive results. Photo: Hoai Anh.

Specifically, the accumulated package which has been disbursed for individuals and customer groups (customers wishing to purchase, rent, lease social housing, invest, renovate or build their houses) is 23,845 billion vnd, equivalent to 92.5% of loan commitments (25,789 billion vnd) and outstanding loans have reached 20,650 billion vnd.

For the enterprise group (including enterprises, households and individuals investing in renovation or construction of social housing), the accumulated package which has been disbursed is 5,395 billion vnd. From 1st June 2016, the State Bank of Vietnam stopped disbursement for this group. The outstanding loans reached 3,516 billion vnd.

By 31st December 2016 (at the end of the program), the State Bank of Vietnam will have disbursed approximately 30,000 billion vnd.

In the course of implementing the program, the State Bank of Vietnam has conducted various measures to solve difficulties and problems of enterprises and commercial banks to boost lending and create favourable conditions for people to access capital incentives to improve their accommodation.

The notable measures include: increasing the number of banks with home loan packages from 4 banks to 19 banks; closely monitoring the disbursement of packages and actively coordinating with the Ministry of Construction to handle difficulties related to procedures and loan conditions.

In addition, the State Bank of Vietnam has also requested the Government to extend the period of home loans for citizens from 10 years to 15 years, annually determine and announce the preferential interest rates for individuals and enterprises participating in the package; and propose to the Prime Minister to extend the time limit of refinancing for individuals (including individuals and households borrowing money to buy, lease or hire houses, and individuals investing in construction, renovation and repair of houses).

From the beginning of 2015 to date, the State Bank of Vietnam has promoted communications about the ending time of the disbursement of refinancing stipulated in Circular 11/2013/TT-NHNN of the State Bank of Vietnam. Accordingly, the deadline for enterprises was 1st June 2016 and the deadline for individuals is 31st December 2016.

den cuoi nam 2016 se giai ngan het goi 30000 ty dong Disbursement of investment budget reached nearly 43% of the plan

VCN- At a talk on disbursement of construction investment capital in 2016 by the State Treasury held ...

As a result, this program of the State Bank of Vietnam has been quite effective, promoting real estate market recovery, reducing inventory, removing difficulties of enterprises, contributing to the prosperity of the economy; and accomodating more than 50,000 individuals and households as well as improving their accommodation.

By Huong Diu/ Hoang Anh

Related News

Vietnam and UAE trade sees billion-dollar growth

Vietnam and UAE trade sees billion-dollar growth

VCN - According to General Department of Vietnam Customs by the end of September 2024, bilateral trade between Vietnam and the United Arab Emirates (UAE) reached nearly US$5 billion, an increase of more than US$1.4 billion over the same period last year.
Vietnam

Vietnam's daily import expenditure surpasses VND25,000 billion

VCN - From the beginning of the year to mid-October, on average, Vietnam spent more than USUS$1 billion (equivalent to more than VND25,000 billion) each day importing goods.
Vietnam - UAE trade grows to billions of dollars

Vietnam - UAE trade grows to billions of dollars

VCN - Updated by the General Department of Customs by the end of September 2024, bilateral trade between Vietnam and the United Arab Emirates (UAE) sees a year-on-year increase of more than US$1.4 billion to nearly US$5 billion
Launch of the “Proud of 80 years of construction and development of Vietnam Customs” contest

Launch of the “Proud of 80 years of construction and development of Vietnam Customs” contest

VCN - Towards the 80th anniversary of Vietnam Customs' tradition (September 10, 1945 - September 10, 2025), the General Department of Vietnam Customs (GDVC) launches the “Proud of 80 years of construction and development of Vietnam Customs” contest.

Latest News

M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there are still difficulties, the economy is gradually returning to a high growth trajectory. In that context, it is necessary to let fiscal policy return to normal state.
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ceiling and safety threshold approved by the National Assembly, ensuring national financial security, increasing proactive response to risks arising from external and internal causes of the economy.
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

VCN - Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment; renovating, upgrading, expanding, and constructing new construction items in projects that have been invested in and constructed in the past.

More News

Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.
State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.
Rush to finalize draft decree on public asset restructuring

Rush to finalize draft decree on public asset restructuring

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.
Inspection report on gold trading activities being complied: SBV

Inspection report on gold trading activities being complied: SBV

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

VCN -The Government estimates that state budget revenue in 2024 will exceed VND 172.3 trillion, up 10.1% over the estimate, of which tax and fee revenue will reach 13.1% of GDP.
Read More

Your care

Latest Most read
M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ce
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Mobile Version