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blue-check From January 20th, 2022: Stop providing concessional loans for buying social houses

Circular No. 20/2021/TT-NHNN dated November 30th, 2021 of the State Bank of Vietnam on amending, supplementing to a number of articles of Circular No. 25/2015/TT-NHNNstatus2 dated December 9th, 2015 providing instructions on provision of concessional loans for implementation of social housing policies
Posted: 9/12/2021 10:50:30 AM | Latest updated: 6/5/2022 10:06:13 AM (GMT+7) | LuatVietnam: 5360 | Vietlaw: 542
VietlawOnline

One of the noticeable points at this Circular is the removal of concessional loans provided to purchase, lease, lease purchase social houses.

The policy on provision of loans for individual clients for construction, renovation or repair of houses for occupation is also subject to the limit on maximum level of loans which must not exceed VND 500 million/borrower and not exceed 25 years.

This Circular takes effect from January 20th, 2022.

Notes
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Ms Phuong Thao (VietlawOnline.com)
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Effective Date 20-Jan-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 542
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enflag pdficon TT20-30112021NHNN[VLO].pdf
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Social housing