Nearly VND759 billion disbursed in housing loans

January 15, 2014 | 09:23

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The State Bank of Vietnam (SBV) on January 14 announced that the banking system had disbursed VND758.7 billion (US$35.626 million) of the VND30 trillion housing support package to 1,765 customers as of December 31, 2013.

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Earlier, banks committed to offer loans to 1,789 customers with total capital of VND1.881 trillion (US$88.4 million).

As many as 1,759 individuals have borrowed totalling VND424.7 billion (US$19.96 million).

The Bank for Investment and Development of Vietnam (BIDV) recorded the highest disbursement of VND146.5 billion (US$69.46 million), followed by the Vietnam Bank for Foreign Trade with VND128 billion (US$6.01 million).

The lowest disbursement was seen in the Mekong Housing Bank with VND6.2 billion (US$2.91 million).

The SBV also said it has confirmed registration from three banks - BIDV, Bank for Industry and Trade, and Bank for Agriculture and Rural Development - to sign contracts valued at VND1.238 trillion (US$58.186 million) with 12 enterprises, accounting for 13.8% of the total capital for housing.

So far, VND333.9 billion (US$15.69 million) has been disbursed to six firms, it said.

Last year, the SBV announced a VND30 trillion (US$1.42 billion) package for housing support.

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