Vietnam: Social-housing buyers, renters hesitant to borrow

Social housing buildings in Bắc Giang Province. — VNA/VNS Photo

HANOI: Buyers and renters of social housing are wary of the high interest rates for loans under the 125 trillion dong package for developing social housing and worker housing projects, the Vietnam Chamber of Commerce and Industry (VCCI) warns.

According to the HCM City Real Estate Association’s (HoREA) report sent to the VCCI, the main concern is high- interest rates for preferential loans under the credit package for social-housing buyers and renters.