HANOI: The State Bank of Việt Nam (SBV) on Monday instructed commercial banks to continue disbursement of the VNĐ30 trillion (US$1.3 billion) housing package for contracts signed before March 31, 2016.
Under the dispatch No 3955/NHNN-TD on programme to support housing loans according to the Resolution No 02/NQ-CP, the disbursement could be extracted from commercial banks while waiting for instruction from Prime Minister Nguyễn Xuân Phúc. The document took effect yesterday. SBV will have a guiding document on extension of refinancing after receiving instructions from the PM.
In addition, the central bank also submitted a document No 3954/NHNN-TD to the PM to extend refinancing for credit contracts signed before March 31, 2016, for individuals and households borrowing money to buy, rent or repair their houses till the end of this year. The total refinancing amount would be around VNĐ32.7 trillion including the current VNĐ30 trillion.
