By the end of 2016, 30,000 billion vnd will be disbursed

	Capital mobilization reaches good result thanks to policy adjustment in a timely fashion
	Focus on the disbursement of investment capital in basic construction
	The delay in ODA disbursements

The package of 30,000 billion vnd has achieved positive results. Photo: Hoai Anh.

Specifically, the accumulated package which has been disbursed for individuals and customer groups (customers wishing to purchase, rent, lease social housing, invest, renovate or build their houses) is 23,845 billion vnd, equivalent to 92.5% of loan commitments (25,789 billion vnd) and outstanding loans have reached 20,650 billion vnd.

For the enterprise group (including enterprises, households and individuals investing in renovation or construction of social housing), the accumulated package which has been disbursed is 5,395 billion vnd. From 1st June 2016, the State Bank of Vietnam stopped disbursement for this group. The outstanding loans reached 3,516 billion vnd.

By 31st December 2016 (at the end of the program), the State Bank of Vietnam will have disbursed approximately 30,000 billion vnd.

In the course of implementing the program, the State Bank of Vietnam has conducted various measures to solve difficulties and problems of enterprises and commercial banks to boost lending and create favourable conditions for people to access capital incentives to improve their accommodation.

The notable measures include: increasing the number of banks with home loan packages from 4 banks to 19 banks; closely monitoring the disbursement of packages and actively coordinating with the Ministry of Construction to handle difficulties related to procedures and loan conditions.

In addition, the State Bank of Vietnam has also requested the Government to extend the period of home loans for citizens from 10 years to 15 years, annually determine and announce the preferential interest rates for individuals and enterprises participating in the package; and propose to the Prime Minister to extend the time limit of refinancing for individuals (including individuals and households borrowing money to buy, lease or hire houses, and individuals investing in construction, renovation and repair of houses).

From the beginning of 2015 to date, the State Bank of Vietnam has promoted communications about the ending time of the disbursement of refinancing stipulated in Circular 11/2013/TT-NHNN of the State Bank of Vietnam. Accordingly, the deadline for enterprises was 1st June 2016 and the deadline for individuals is 31st December 2016.

Disbursement of investment budget reached nearly 43% of the plan VCN- At a talk on disbursement of construction investment capital in 2016 by the State Treasury held ...

As a result, this program of the State Bank of Vietnam has been quite effective, promoting real estate market recovery, reducing inventory, removing difficulties of enterprises, contributing to the prosperity of the economy; and accomodating more than 50,000 individuals and households as well as improving their accommodation.