Decision 486/QD-TTg 2023 VBSP’s concessional loan interest rate for purchase of social houses

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Decision No. 486/QD-TTg dated May 10, 2023 of the Prime Minister on the Vietnam Bank for Social Policies’ concessional loan interest rate for purchase and rent-purchase of social houses and house building, renovation or repair
Issuing body: Prime MinisterEffective date:
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Official number:486/QD-TTgSigner:Pham Minh Chinh
Type:DecisionExpiry date:
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Issuing date:10/05/2023Effect status:
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Fields:Finance - Banking , Land - Housing , Policy

SUMMARY

From May 10, concessional loan interest rate for purchase of social houses is 4.8%/year

On May 10, 2023, the Prime Minister issues Decision No. 486/QD-TTg on the Vietnam Bank for Social Policies’ concessional loan interest rate for purchase and rent-purchase of social houses and house building, renovation or repair.

Specifically, the Vietnam Bank for Social Policies’ concessional loan interest rate for purchase and rent-purchase of social houses and house building, renovation or repair under Article 16 of Decree No. 100/2015/ND-CP dated October 20, 2015; Clause 10 Article 1 of Decree No. 49/2021/ND-CP dated April 1, 2021 is 4.8 percent per year.

Besides, the Vietnam Bank for Social Policies shall take full responsibility for reported and proposed contents and data.

This Decision takes effect from the signing date until December 31, 2024.

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Effect status: Known

THE PRIME MINISTER

________

No. 486/QD-TTg

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

____________________

Hanoi, May 10, 2023

DECISION

On the Vietnam Bank for Social Policies’ concessional loan interest rate for purchase and rent-purchase of social houses and house building, renovation or repair

______________________

THE PRIME MINISTER

 

Pursuant to the Law on Organization of the Government dated June 19, 2015; the Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of Local Administration dated November 22, 2019;

Pursuant to the Housing Law dated November 25, 2014;

Pursuant to the Government’s Decree No. 78/2002/ND-CP dated October 04, 2002, on credit for poor people and other policy beneficiaries;

Pursuant to the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015, on social housing development and management;

Pursuant to the Government’s Decree No. 49/2021/ND-CP dated April 1, 2021, amending and supplementing a number of articles of the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015, on social housing development and management;

At the proposal of the Board of Directors of the Vietnam Bank for Social Policies in Proposal No. 66/TTr-HDQT dated December 15, 2022, Official Dispatch No. 19/NHCS- HDQT dated March 8, 2023, and unified opinions of the Ministry of Finance, Ministry of Planning and Investment, Ministry of Justice and the Vietnam Bank for Social Policies at the meeting held on May 4, 2023.

DECIDES:

Article 1. The Vietnam Bank for Social Policies’ concessional loan interest rate for purchase and rent-purchase of social houses and house building, renovation or repair under Article 16 of the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015, on social housing development and management; Clause 10 Article 1 of the Government’s Decree No. 49/2021/ND-CP dated April 1, 2021, amending and supplementing a number of articles of Decree No. 100/2015/ND-CP is 4.8 percent per year.

The Vietnam Bank for Social Policies shall take full responsibility for reported and proposed contents and data.

Article 2. This Decision takes effect from the signing date until December 31, 2024.

Article 3. Ministers, heads of ministerial-level agencies, heads of government-attached agencies, Governor of the State Bank of Vietnam, Chairperson of the Board of Directors, General Director of the Vietnam Bank for Social Policies and heads of relevant agencies shall implement this Decision.

 

THE PRIME MINISTER

 

Pham Minh Chinh

 

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