The State Bank of Vietnam (SBV) has decided to keep preferential loan interest rate unchanged at 5 percent for purchase, rent or hire of social housing projects in 2018.
The HCM City Real Estate Association has proposed the State Bank of Vietnam raise a stimulus package similar to its previous 30 trillion VND (1.3 billion USD) preferential home loan package.
The disbursement of the housing stimulus package, valued at 30 trillion VND (1.4 billion USD) in preferential loans, will finish on schedule, according to the State Bank of Vietnam (SBV).
More than 28 trillion VND (1.25 billion USD) was disbursed from the 30 trillion VND housing stimulus package up till the end of August, according to the Ministry of Construction.
Vietnamese shares struggled to stay positive for a fourth day on both local exchanges as property firms made gains on the central bank’s proposal to extend the housing stimulus package.
Prime Minister Nguyen Tan Dung has approved the State Bank of Vietnam’s (SBV) proposal to extend the 30 trillion VND (1.3 billion USD) housing stimulus package until disbursement of all associated fun
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