Social housing loan interest rate maintains at 5 percent
Preferential loan interest rate remains unchanged at 5 percent for purchase, hire or lease purchase of social housing projects in 2019 as per Vietnamese Prime Minister’s decision 225/QD-TTg, which took effect from the beginning of this year.
The interest rates will be applied for house buyers who have already sought loans in the minimum repayment term of 15 years after disbursement. In case that house buyers ask for loan in shorter time, they should make a deal with banks.
The development of the economy, rapid urbanization, growing market size due to increasing income and consumption of consumers along with modern lifestyle will basically change consumer habits and generally affect domestic trade in the near future.
About 190 foreign investors were granted securities trading codes in February, bringing the total number of foreign investors participating in Vietnam’s securities market to 29,454, according to statistics of the Vietnam Securities Depository (VSD).