VietlawOnline

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
Please be informed that the attached forms are neither translated nor included in the English file.
Ms Phuong Thao (VietlawOnline.com)
Please tag VietlawOnline.com when reposting this article
Related documents
blue-check 59/QĐ-NHNNInterest rate applied to loans provided for housing construction in 2022: 4.8%/year
blue-check 16/VBHN-NHNN[Merged] - Regulation on provision of concessional loans for social housing projects
blue-check 16/VBHN-NHNN
blue-check 16/VBHN-NHNN
blue-check 16/VBHN-NHNN
blue-check 16/VBHN-NHNN
Penalty document
Unknown
Information
Effective Date 20-Jan-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 542
Files attachment
vnflag wordicon TT20-30112021NHNN.docx
vnflag pdficon TT20-30112021NHNN.pdf
enflag pdficon TT20-30112021NHNN[VLO].pdf
Timeline
No data

Social housing

blue-check Project of housing for workers may allocate 20% of total land for construction of commercial houses
blue-check Regarding agency approving investment policy of a project of construction of houses for workers
blue-check Interest rate applied to loans provided for housing construction in 2022: 4.8%/year
blue-check [Merged] - Regulation on provision of concessional loans for social housing projects
blue-check From January 20th, 2022: Stop providing concessional loans for buying social houses
blue-check New regulations on selection of investors in social housing projects
blue-check [Merged] - Regulations on social housing
blue-check National technical regulation on apartment buildings
blue-check New National Technical Regulations on apartment buildings
blue-check Amendments to regulations on projects on investment in social house construction
blue-check Bidding for selection of investor for social housing project still applies the Law on Bidding
blue-check Interest rate applicable to loans granted for purchase of social housing applicable in 2020 is 4.8%/year
blue-check It is allowable to use 20% of the total land area within a social housing project for construction of commercial works
blue-check Regarding VAT, EIT policies applicable to projects on social housing for lease
blue-check [Merged] - Standards and methods for determination of selling prices for social housing
blue-check Requirements for nCoV prevention and control in apartment buildings
blue-check Regarding area to be reserved for lease of social housing
blue-check Amendments to regulations on management of apartment buildings
blue-check Land area used for construction of commercial works within social housing project shall not be entitled to tax incentives
blue-check From 2018: It is required to install cluster mailboxes at office buildings